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Saudi Crown Prince Mohamed bin Salman, Indian PM Modi to meet: Trade, connectivity, defence on agenda

The two leaders will discuss all aspects of the bilateral including political, security, defence, economic, cultural and people-to-people ties

Brands For Less

IQ Robotics, Brands For Less Group unveil multi-million-dirham robotics transformation

Marking its fourth collaborative robotics transformation, the agreement aims to facilitate BFL Group’s expansion into Saudi Arabia

Abu Dhabi’s ICON unveils new brand identity

ICON set to launch new brand identity, opens office in Saudi Arabia

The new brand identity is designed to reflect the innovative company’s global vision

Saudi PIF-backed ADES Holding set to raise SAR4.6bn in IPO

Saudi PIF-backed ADES Holding seeks to raise SAR4.6bn from IPO

The company is selling 237.1 million new shares in the IPO while its shareholders are selling about 101.6 million shares

G20

G20 summit: UAE, Saudi Arabia, India, US announce historic trade corridor deal

The UAE, Saudi Arabia, India, EU, US and other G20 partners agreed to explore a shipping corridor project to augment trade between Europe and Indian subcontinent

Cityscape Global Saudi to debut in September

Cityscape Global 2023: Riyadh hosts world’s largest real estate event

The global event is expected to attract over 180,000 global stakeholders from across the entire real estate ecosystem

ROSHN joins UN Global Compact Image ROSHN

This is the first Saudi giga project to join UN Global Compact

Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world

Saudi real estate - EJAR

Saudi Arabia’s real estate, infrastructure projects hit $1.25tn

NEOM, the $500bn megacity, is progressing rapidly, with $70bn of projects now awarded, 45 per cent of which has been completed

oil price

Saudi Arabia, Russia extend oil cuts until December, crude jumps to highest level in 2023

Oil prices rose above $90 a barrel for the first time in 2023 on the back of the announcements made by Saudi Arabia and Russia

APICORP’s half-year net profit surges by 87

APICORP posts $108.7m in half-year net profit

The corporate banking portfolio grew by 5 per cent YoY to $4.3bn while its net interest income rose by 10 per cent to $45.9m

Red Sea - Al Ula

Red Sea Global partners with Al Ula to drive Saudi Arabian tourism sector

The agreement will help responsible development of the destinations and fulfill both their roles as cornerstones of Saudi Arabia’s Vision 2030

Huawei opens cloud data centre in Riyadh

Huawei Technologies opens cloud data centre in Riyadh

The data centre will store data locally in line with Saudi Arabia’s data regulations

Flynas launches new operations base at Madinah airport (Image: Supplied by flynas)

Flynas launches new operations base at Madinah airport

The low-cost carrier now has four bases across Saudi Arabia

Mohammed bin Salman

Saudi Arabia establishes Global Water Organisation

The establishment of the global organisation focused on water conservation was announced by the country’s Crown Prince Mohammed bin Salman

yellow alert

Saudi Arabia’s NCM issues ‘yellow alert’; forecasts heavy rain, thunderstorm

The regions of Makkah, Asir, Jazan and Al-Baha are likely to be affected by medium to heavy rains that may lead to flooding

Saudi Arabia economic outlook

Saudi Arabia receives 7.8 million tourists in Q1 2023

The kingdom’s incoming tourism revenue grew by about 225 per cent to reach SAR37bn in the first quarter of this year

PIF-SABIC

Saudi’s PIF to create steel giant with $3.3bn Sabic deal

The deal is expected to close before the end of the first quarter of 2024

Red Sea shipping

Saudi crude oil exports plummet as OPEC giant slashes production

Since July, the kingdom has pledged to implement a unilateral production cut of one million barrels a day on top of existing curbs

Ben Stokes cricket

England Cricket captain Ben Stokes predicts Saudi could be the next biggest player in cricket

Ben Stokes was unveiled as one of the athletes backing a new venture capital firm allowing sports stars to invest in consumer-facing startups

oil imports

India’s crude oil imports from Saudi Arabia surges

The world’s third largest oil importer has increased its purchase of oil from Saudi Arabia

Aliph Capital secures funding from PIF-backed Jada

Saudi PIF’s Jada invests in Aliph Capital’s “Aliph Fund I”

The investment reinforces Jada’s commitment to supporting small and midsize enterprises in Saudi Arabia

SAUDIA Group allocated 1.2 million seats for 2023 Hajj season. Image credit: Twitter @bhx_official

SAUDIA Group allocated 1.2 million seats for 2023 Hajj season

The group has revealed its operational performance during the peak of the summer travel season from May 21-August 2, 2023

Riyadh Air to support inclusion of Saudi nationals in aviation workforce (Image: Supplied by Riyadh Air)

Riyadh Air to support inclusion of Saudi nationals in aviation workforce

The agreement includes the activation of a female training programme specialised in the field of engineering and maintenance

Saudi Arabia SPARK logistics zone to open in 2024 Image SPARK

Saudi Arabia: King Salman Energy Park’s Logistics Zone to begin operations in 2024

The zone will be operated by SPARK Logistics, a JV between SPARK and Hutchison Ports and will handle ten million metric tonnes of cargo

ROSHN MARAFY

Roshn unveils Marafy, to redefine urban living in Jeddah

The development aims to offer an exceptional living experience and represents Roshn’s inaugural fully mixed-use endeavour

Saudi Arabia’s foreign reserves plunge to 2009 low

Saudi foreign reserves plunge by most since pandemic to 2009 low

The decline in July was the biggest since the government transferred $40bn to its wealth fund from the central bank to invest abroad

Roberto Mancini

Roberto Mancini is Saudi Arabia’s new football coach: Must know facts about the Azurri

Mancini led Italy to the Euro 2020 title but failed to take them to the 2022 FIFA World Cup in Qatar

AviLease buys StanChart’s aircraft leasing business

Saudi PIF’s AviLease to acquire StanChart’s aircraft leasing business

The jet lessor will acquire a portfolio of 100 narrowbody aircraft and become a servicer for another 22 jets

Saudi PIF, holders to offer 30% stake in oil driller ADES IPO

Saudi PIF, holders to offer 30% stake in oil driller ADES IPO

The offering will consist of 338.7 million shares, which will include the issuance of 237.1 million new shares through a capital increase

Red Sea Global has launched The Red Sea Farm Cooperative (Image: Sourced from Red Sea Global Media Centre)

Sustainability: Red Sea Global launches new agricultural cooperative

It will bring together over 3,000 farms in the Tabuk region of Saudi Arabia to enable farmers to sell their produce directly to resorts in The Red Sea and Amaala