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BCG Insights: Building a greener future for the Middle East

Insights: Building a greener future for the Middle East

We explore how emissions performance management is paving the way for the Middle East’s urban projects

Riyadh Metro to launch first phase on Nov 27, 2024 Getty Images-1232056879

Riyadh Metro to kick off first phase on Nov 27, includes 3 lines

The partial launch will see three of the six routes of the world’s longest driverless metro system become operational

Moody’s upgrades Saudi Arabia’s rating on economic diversification

Moody’s upgrades Saudi Arabia’s rating on economic diversification

The rating agency revised the country’s outlook to stable from positive, citing uncertainty regarding global economic conditions

Saudi Aramco unit in talks to invest $1bn in US software maker Mavenir

Saudi Aramco unit in talks to invest $1bn in US software maker Mavenir

The deal by Aramco Digital would be its first major transaction in the telecommunications industry

Citi secures licence for regional headquarters in Saudi Arabia

Citi secures licence for regional headquarters in Saudi Arabia

Riyadh has been looking to attract more companies to set up their regional headquarters in the kingdom by offering tax breaks

Saudi Aramco, Sempra sign 20-year LNG offtake deal

Saudi Aramco to take on more debt, focus on dividend growth – report

The world’s top oil exporter raised $6bn from a three-tranche bond sale in July, ending a three-year debt market hiatus

TAQA, Jera and Albawani capital to develop 2 power plants in Saudi Image courtesy TAQA For illustrative purposes

TAQA, JERA, Al Bawani Capital to develop 2 power plants in Saudi Arabia

Each project will have a capacity of 1.8 GW, collectively contributing to Saudi Arabia’s ambitious energy mix strategy

Efficio’s Adam Forgács on local content's role in economic diversification

Efficio’s Adam Forgács on local content’s role in economic diversification

Efficio’s VP for the Middle East says local content has become a key engine in realising Saudi Arabia’s Vision 2030 goals

Trump’s policies may hit EMs, but Saudi stays safe: Citigroup

The brokerage expects Saudi Arabia to be less exposed to trade risks, and upgraded the top oil exporter to “overweight” from “underweight”

Lenovo, world’s largest PC maker, to launch factory in Saudi Arabia

The company plans to open facilities in Saudi Arabia following a major investment deal with the kingdom’s Public Investment Fund

Saudi-backed Pony AI seeks $4.5bn valuation in US IPO

The IPO comes after a 2021 attempt to go public through a $12bn blank-check deal fell through

Apple launches iPhone 16 as it bets on AI future

Apple faces $3.8bn legal claim over iCloud practices

A UK consumer group believes iPhone and iPad iOS users have had little choice but to use Apple’s own iCloud service

Saudi Arabia’s PIF to sell further stake in stc in potential $1.1bn deal

Saudi Arabia’s PIF raises $1bn from stc Group stake sale

The fund, which sold 6 per cent of stc for $3.2bn in 2021, will keep a 62 per cent stake in the telecoms group after the offering

How the UK can aid the GCC to harness EdTech for inclusive learning

The UK’s cutting-edge solutions make it an ideal partner for the GCC countries in advancing inclusive and innovative education initiatives

Saudi Arabia replaces CEO overseeing $500bn NEOM mega project

Saudi Arabia replaces CEO overseeing $500bn NEOM mega project

Nadhmi Al-Nasr, the long-time CEO of the Red Sea urban and industrial development nearly the size of Belgium, will be replaced by Aiman Al-Mudaifer

ACWA Power secures $238m for Azerbaijan's largest wind farm project 

ACWA Power secures $238m for key Azerbaijan wind farm project 

Once completed, the Absheron-Khizi Wind Farm will not only help diversify Azerbaijan’s energy mix but also contribute significantly to reducing the country’s carbon footprint

Saudi Arabia’s ROSHN rebrands to signal strategy shift

PIF’s ROSHN shifts focus to multi-asset development in rebranding push

The developer is building close to 400,000 homes across Saudi Arabia, along with about 1,000 schools, as well as entire commercial and entertainment districts

Cityscape Global Opens Doors Tomorrow in Riyadh, with Over 500 World Class Experts and 400 Renowned Exhibitors in Attendance

Cityscape Global kicks off in Riyadh, features new competitions

The four-day event has drawn participants from over 50 countries, including the US, the UK, China, and Germany

Kunal Badiani, Regional VP - Middle East, Africa, and Turkey, MoEngage on how consumer businesses in Saudi can digitally transform to achieve Vision 2030

Vision 2030: How Saudi consumer businesses can achieve it with digital transformation

Transforming customer experiences in Saudi Arabia requires a holistic approach combining technological innovation, cultural understanding, and customer-centricity

Mohamad Hashem on how Kaspersky is fortifying Saudi’s digital space

How Kaspersky is fortifying Saudi Arabia’s digital space

Mohamad Hashem, general manager of Saudi Arabia and Bahrain at Kaspersky, says the company is committed to bolstering the kingdom’s defences against sophisticated cyber threats

Saudi Aramco reports 15% drop in Q3 profit, maintains dividend

Saudi Aramco reports 15% drop in Q3 profit, maintains dividend

Aramco expects to declare total dividends of $124.3bn in 2024, of which $43.1bn would be performance-linked dividends

Saudi wealth fund PIF to acquire 54% stake in MBC Group

Saudi Arabia’s PIF to acquire 54% stake in MBC Group

The finance ministry will transfer the entirety of its stake to the PIF at a share price of SAR41.60 apiece, subject to regulatory approvals and non-objections

Saudi Arabia posts $8bn Q3 deficit as lower oil prices weigh

Saudi Arabia posts $8bn Q3 deficit as lower oil prices weigh

The kingdom’s total spending came to SAR339bn in the quarter as it continued to spend heavily on its Vision 2030 transformation programme

Goldman Sachs sees oil demand growing until 2034

Will they or won’t they? Talk of Saudi cutting oil prices for Asia

Spot premiums for Middle East crude fell last month as the Asia market was well supplied

Saudi PIF signs MoUs with Japanese lender worth up to $51bn

Saudi PIF signs MoUs with Japanese lender worth up to $51bn

The fund inked MoUs with Mizuho Bank, Sumitomo Mitsui Financial Group, MUFG Bank, Japan Bank for International Cooperation, and Nippon Export and Investment Insurance

Saudi Arabia’s Hassana to back $2bn Brookfield Middle East fund

Saudi Arabia’s Hassana to back $2bn Brookfield Middle East fund

The fund will target buyouts, structured solutions, and other investment opportunities across a range of strategic sectors, including technology and healthcare

ACWA Power secures $62m for renewable energy project in Uzbekistan

ACWA Power secures $62m for renewable energy project in Uzbekistan

Uzbekistan remains ACWA Power’s second-largest market, with a robust portfolio that includes 11.4GW of power capacity

Saudi wealth fund PIF to anchor Brookfield’s $2bn Middle East fund

Saudi wealth fund PIF to anchor Brookfield’s $2bn Middle East fund

The new private equity fund will target buyouts, structured solutions and other investment opportunities across a range of strategic sectors

Saudi Arabia’s Riyadh Air places order for 60 Airbus A321neo

Saudi Arabia’s Riyadh Air places order for 60 Airbus A321neo

The deal, signed at the Future Investment Initiative forum in Riyadh, brings to 132 the total number of jets ordered by Riyadh Air

Saudi minister asserts economic resilience to investors at FII conference

Saudi minister asserts economic resilience to investors at FII conference

The kingdom unveiled its Vision 2030 plan in 2016, which involves hundreds of billions of dollars of investments to wean the country’s economy off oil