The kingdom’s growing mining industry is a key pillar in Crown Prince Mohammed Bin Salman’s Vision 2030 programme to diversify the economy away from oil dependency
Tosyali is pursuing investment opportunities in Europe and the Americas as it aims to become one of the world’s top 30 iron and steel producers
The company priced its IPO at the top of the previously announced range, selling its shares at SAR37 per share apiece to raise SAR841m
Saudi Arabia’s AI authority will train its “ALLaM” Arabic language model using Watsonx, adding new language skills to the firm’s offerings
Saudi Arabia and Japan signed over 30 memorandums of understanding during the bilateral talks between the Crown Prince and Japanese PM
The state-owned group said Saudia would be receiving 54 of the A321neo jets, while flyadeal would acquire 12 A320neos and the remaining A321neos
Crude exports from the world’s largest oil exporter increased 1.5 per cent to 6.413 million barrels per day in March
W Riyadh is expected to feature 210 luxury guest rooms and suites, seven restaurants, retail space, and expansive event and meeting facilities
Despite the volatility in the region, oil prices moved only slightly
Earlier on Sunday, King Salman underwent medical tests at the royal clinics at Al Salam Palace due to high temperature and joint pain
The investment aims to bolster Saudi Arabia’s burgeoning technology ecosystem and support high-growth companies across key sectors
Saudi Manpower Solutions Company (SMASCO) has determined the final offer price at SAR 7.5 per share for its IPO
The flagship vessel of Aroya Cruises is an impressive 335-metre floating resort
PIF saw its US-traded stock holdings plummet from $35bn at the end of 2023 to $18bn by March 31
The strategy will see the company increase the number of its 5G network sites in the country to more than 7,000
CBRE has expanded its offerings as well as operations as the GCC sees a real estate boom backed by economic versatility and government investment programmes
The move is in line with the strategy to establish an entertainment, sports and culture powerhouse in the kingdom
The pricing of SAR57.5 per share implies a market valuation of around SAR13.3bn at listing
OPEC sounded an upbeat tone on the economic outlook as well as future oil demand
The volume of Saudi crude to be loaded for China is estimated to fall by 5.8 million barrels in June from 45 million barrels in May
The announcement marks the latest expansion of Saudi’s eVisa programme
Jaumur is an exclusive residential community that aims to accommodate 6,000 residents
A new ETF tracking Saudi equities was listed in Hong Kong last year, becoming the first product of its kind in Asia
The firm plans to invest $100bn by 2030 to develop key partnerships and build advanced manufacturing capabilities
Aquarabia, in Qiddiya City, will feature 22 rides and the developers aim to break four world-records, including constructing the world’s tallest water coaster
The oil major reported a 14 per cent decline in first-quarter net income to $27.3bn in the three months to March 31
The expansion increases the number of routes between Saudi Arabia and the UAE to nine, and daily flight frequencies to more than 20
Maersk’s fuel costs on the affected routes between Asia and Europe are now 40 per cent higher per journey
The company said it expects capital expenditure of $1.5bn this year, compared with $910.6m in 2023
The partnership seeks to implement and activate joint initiatives to advance research, deliver innovation and enhance the visitor experience