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SNB Capital launches fund with a focus on oil and gas

Saudi Arabia’s SNB Capital launches $230m oil and gas fund

The transaction creates a unique opportunity to acquire a large-scale portfolio with a production capacity of 600,000 barrels of oil equivalent per day

ZEPHYR-AALTO

This solar-powered, stratospheric Zephyr can replace 250 mobile towers

In an exclusive interview at Mobile World Congress 2024 in Barcelona, Samer Halawi provides a glimpse into the transformative potential of delpoying Zephyr

OPEC+ reportedly mulls extending voluntary oil output cuts

OPEC+ to consider extending voluntary oil output cuts, sources say

OPEC+’s de facto leader Saudi Arabia has said that the cuts could continue past the first quarter if needed

Olam Group delays listing agri unit on Saudi Exchange again

Olam Group’s Singapore-Saudi dual IPO plan for agri unit delayed again

The company said the delay was due to the regulatory framework still being finalised in Saudi Arabia to enable the listing of foreign companies

Saudi arabia investment law

Saudi CEOs the ‘most optimistic’ in GCC, says PwC study

The auditing company’s latest annual report reveals that 89 per cent of Saudi Arabia’s CEOs expressed confidence in their country’s economic prospects

Saudi Aramco signs $6bn supply chain agreement

Aramco inks $6bn supply chain deal, boosts Jafurah field gas reserves

The deals cover the supply of a range of products comprising strategic commodities, such as instrumentation, and electrical and drilling equipment

deepfest 2024

DeepFest 2024 set to witness history in the making with the ‘mirror’ interview

This social experiment will reveal a digital replica of a human being that not only mimics their appearance and voice but also engages in conversation

Donn Davis, Founder of Professional Fighters League - PFL -

Mixed Martial Arts: Professional Fighters League event kicks off in Saudi Arabia

The founder of PIF-backed Professional Fighters League tells us about their MMA event, PFL Champions versus Bellator Champions, and how PFL will help accelerate the MMA ecosystem regionally

Saudi Cup is world’s richest horse race with $20m prize money: Interesting facts to know

The Saudi Cup attracts over 70 international horses from diverse corners of the globe, ranging from Argentina to Japan

Saudi Arabia’s PIF pitches kingdom as AI hub

Saudi sovereign wealth fund PIF pitches kingdom as AI hub

Al-Rumayyan’s comments signal that data centres may be a core part of the kingdom’s strategy to capitalise on the booming demand for GenAI technology

Saudi retail growth in Riyadh

Saudi Arabia’s meteoric rise to third place in Global Retail Development Index

Increase in non-cash transactions and strategic initiatives propelled the kingdom’s retail growth

Saudi Arabia mulls follow-on share offerings framework

Saudi Arabia considers regulatory framework for follow-on share offerings

The framework would be a process that is governed and regulated and a catalyst for increasing the free float of listed companies

Saudi Foundation Day

Saudi Arabia Foundation Day 2024: Celebrate long weekend with fireworks and more

The kingdom celebrates the occasion with several events, including fireworks and drone shows paying homage to its history

Diriyah - bab samhan hotel

Saudi heritage on display at Diriyah’s Bab Samhan Hotel

The opening of Bab Samhan marks a significant milestone in Diriyah’s journey towards becoming a premier destination for luxury hospitality

AI - DEEPFEST

Unlocking the potential of AI across industries: Hear it at DeepFest 2024

From revolutionising customer interactions to advancing national security, AI holds promise for shaping the future of technology and human interaction

Alat co-chief of corporate development, Brian Rogove

WATCH: Softbank, PIF’s Alat to build robots in Saudi Arabia

A new JV will build a ‘lighthouse factory’ that will create robots by year-end, according to Brian Rogove, the co-chief of corporate development at Alat.

Saudi Aramco likely to issue a bond in 2024

Saudi Aramco likely to issue a bond in 2024, CFO says

The state-owned energy firm last tapped global debt markets in 2021, when it raised $6bn from the sale of a three-tranche sukuk

Saudi Arabia bolsters film industry with $100m fund

Saudi Arabia unveils $100m film fund in entertainment push

The fund will collaborate with major international studios and provide content that reflects Saudi culture and values

Raffles Hotels & Resorts to debut at NEOM’s Trojena

Raffles Hotels & Resorts set to debut on this NEOM island

Raffles Trojena, the newest hospitality brand to partner with NEOM Hotel Division, will be located in the Discover cluster

Red Sea

Red Sea tensions: Cargo ship abandoned after Houthi Attack

The crew abandoned the ship early on Monday after seeking assistance from Djibouti authorities

Saudi Arabia posts 2023 budget deficit of $22bn - capex

Saudi Arabia’s GDP has ‘nearly doubled’ since 2016

Saudi Arabia’s Minister of Investment, Khalid Al-Falih shared these milestones at the third Saudi Capital Market Forum in Riyadh on February 19

saudi arabia - Vision 2030 - IMF

Saudi finance minister expects above 5% non-oil growth

Non-oil GDP grew 4.6 per cent in 2023, while overall GDP contracted 0.9 per cent

ROSHN’s group CEO on transforming Saudi living

ROSHN CEO David Grover on transforming Saudi’s housing sector

The group GCEO tells us that ROSHN is a catalyst for economic growth and diversification in addition to raising homeownership rates in the country

Red Sea

Retailers demand more action from EU to resolve Red Sea crisis

Retailers calling for firm action include members such as supermarket giants Carrefour, Lidl, M&S, and Tesco

SINDALAH-MDLBEAST

Take a look: Sindalah beach club is NEOM’s latest destination

Sindalah will open its doors in 2024, giving a taste of luxury and fun in the future

DeepFest 2024: Bringing the global AI community to Riyadh

Through diverse tech and AI offerings, the event is accelerating the adoption of technology, as well as transforming Saudi Arabia’s economy

Saudi Arabia posts 2023 budget deficit of $22bn - capex

Saudi Arabia posts 2023 budget deficit of $22bn

The government had estimated a deficit of SAR82bn in its December budget statement and is forecasting a deficit of SAR79bn in 2024

Hajj registrations aopen for saudi citizens, residents -GettyImages-1017448984-1-e1690179207464

Hajj 2024: Registrations open for Saudi citizens, residents

Those wishing to perform Hajj from the kingdom can register via the ministry’s website or through the ‘Nusuk’ application

OPEC - OIL FORECAST

OPEC’s Al Ghais: We stand by our forecast of long-term demand for oil

OPEC raised its world oil demand forecasts for the medium and long term in its annual outlook published in October

Riyadh Air announces partnership with Sabre

Riyadh Air, Sabre ink strategic deal, here’s what it involves

Riyadh Air has chosen Sabre’s comprehensive suite of solutions to optimise its network planning and drive revenue growth