NEOM’s new futuristic project will also include bringing life-like meta-verse experiences and an “omnidirectional internal transit system”
The collaboration between ROSHN and EVIQ will also see the launch of the kingdom’s first fast-charging public site launch at ROSHN Front in Riyadh
The five new premium residency products offer a wide range of benefits to holders, including the ability to conduct business and own real estate properties
The patented formulas that will emerge from the collaboration will undergo a few months of formulation, tests and assessment process
The kingdom’s venture capital market was boosted by the government’s focus on innovation, a dedicated unicorn project, and investments from sovereign funds
Saudi Arabia has successfully sold $3.25bn, $4bn and $4.75bn bonds in tenors of six, 10 and 30 years for domestic budgetary purposes
Shares in regional broadcaster MBC Group soared 30 per cent on its debut on Saudi Arabia’s Tadawul stock exchange on Monday
The issuance of cloud computing permits in Saudi Arabia increased 40 per cent year-on-year to reach 1,759 for the last quarter
Adel District is a plot-based urban development and will comprise five expansive residential neighborhoods
The agreement outlines the collaboration between the two entities to develop modern technologies in the energy sector
The pharmaceutical firm said the final offer price will be determined following a January 14-18 book-building period
With a burgeoning ecosystem of over 100 fintech companies and a thriving array of digital wallets and services such as STC Pay, UrPay, and Friendi Pay, the kingdom is making significant strides towards diversifying its economy
The Suez Canal is an important source of dollar revenues for Egypt
The licencing allows Huawei Cloud to deliver cutting-edge Cloud Services to both public and private sectors across the kingdom and the wider region
Blinken’s visit to the region comes amid an escalation to the crisis in the Middle East
In its latest bulletin, Saudi Arabia’s Ministry of Commerce announced a 23 per cent rise in company registrations for the final quarter of 2023
Saudi Arabian adventurer and businessman Badr Al-Shebani has trekked to the South Pole in Antartica and endured tough conditions
The fund said the investment will enable MEPCO to expand its production, raise its operational efficiency, and support environmental sustainability
Both the Riyad Bank Saudi Arabia PMI and the S&P Global UAE PMI remained way above the 50-mark that separates growth from contraction
The extension of this agreement is aimed at advancing the goals of the Vision 2030 Housing Program
About 12 per cent of world shipping traffic transits the canal and 4-8 per cent of global LNG cargoes have passed through it in 2023
The budget carrier launched 57 new destinations and inaugurated its fourth operations base at Prince Mohammed bin Abdulaziz International Airport in Madinah
Two GCC nations, the United Arab Emirates and Saudi Arabia, are now formally part of the BRICS bloc
Big-ticket purchases included $4.9bn for US gaming company Scopely, $3.6bn to buy Standard Chartered’s aircraft leasing division and $3.3bn for steelmaker Hadeed
Saudi Arabia has officially activated its new mandate for companies with large tenders to host their regional offices in the country
The unemployment rate for Saudis is still lower than the 9.9 per cent recorded in the same period a year ago, according to data from the kingdom
Located on the coastline of the Gulf of Aqaba, the lifestyle community will have a 120-berth marina that will serve as an international hub for superyachts
The authority signed the contracts with Zamil Marine Services and Naghi Marine Company to provide diverse maritime services
Countries in the GCC are ranking among the highest in the world when it comes to the state of their digital connectivity in 2023
Brent crude oil futures fell 32 cents, or 0.4 per cent, to settle at $79.07 a barrel