Hilton currently operates 16 hotels in Saudi Arabia and has another 51 under development
Dar Tantora by The House Hotel, a Kerten Hospitality brand, will open with 30 guest rooms
The state remains the largest shareholder in Aramco after the transfer, as it retains more than 90 per cent of the company’s shares
The economic zones are expected to accelerate growth, increase export competitiveness, attract talent and improve the country’s global links
It has confirmed 56 additional weekly services to 14 destinations
The Eid holiday will start on Thursday, April 20, at the end of the workday
The company will benefit from Savvy’s long-term financial backing to deliver on its strategy to grow and deepen existing franchises
The kingdom has one of the highest reserve coverage ratios among Fitch-rated sovereigns at 18 months of current external payments
The bank will operate as ‘Saudi Awwal Bank’ after obtaining the necessary regulatory and shareholders’ approvals
The 246-key voco Hotel and Suites Riyadh North is scheduled to host its first guests in 2026
Oil prices surged after OPEC+ pledged to make production cuts starting next month that will exceed one million barrels a day
The bank signed off on EUR318m ($344.5m) towards the financing of Phase I of the Electric Express Train Project in Egypt
The state-owned oil major said the deal includes the supply of 480,000 bpd of crude oil to Rongsheng refinery for 20 years
The state-owned oil giant will supply up to 210,000 bpd of crude oil feedstock to the complex, which is being built in China’s Liaoning province
The airline will be focused on enabling travel for tourists, residents and commercial partners to and from NEOM
The non-binding MoU aims to contribute to the digital transformation of various industrial sectors in Saudi Arabia
The contract’s scope includes project management for master planning, design and construction services, through to testing, commissioning, operational readiness, activation and transition
It’s the first of many hospitals planned in Saudi Arabia and regionally, as part of OSHCO’s aim to grow its healthcare investment portfolio
The sighting of the moon signifies the start and the end of Ramadan, the ninth month of the Islamic calendar
The deal is the largest of its kind signed in the Saudi banking industry
Fitch Ratings, one of the big three rating agencies, assigns Saudi Arabia the same score as S&P Global while Moody’s has it one level higher
Yazeed Saleh Aldemaigi, deputy of strategy and international affairs at Capital Market Authority didn’t give a time frame for when the framework could be introduced
The facility will help finance the growing demand for bringing the buy now, pay later products in the GCC while continuing its growth across new verticals
The strategy aligns with the fund’s aim to support the private sector in increasing its contribution to GDP by up to 65 per cent by 2030
The company’s declared a dividend of $19.5bn for the final quarter of 2022, a 4 per cent increase compared to the previous three-month period
Riyadh will be the company’s operational hub, and will connect the Saudi capital to over 100 destinations globally
The announcement is the latest in a series of initiatives that seek to attract visitors coming from GCC countries
The country’s GDP crossed the $1tn mark for the first time in 2022 as higher oil prices boosted government revenues
The real estate arm of Saudi conglomerate, Rawabi Holding, is looking to be part of the solution on climate change
The deal comes amid expectations of lucrative business opportunities in Saudi Arabia and the Middle East