Masdar aims to add to existing projects in the kingdom, including a 400MW wind farm and a 300MW solar power plant
The kingdom has its lowest unemployment rate in two decades and has managed to keep inflation at 3 per cent
With zero operating emissions, the Lilium jets will enable sustainable and time-saving travel
Interest in the technology industry in the Middle East has increased the past few years as governments seek to diversify their economies
The announcement follows the launch of the Saudi Egyptian Investment Company in August
The Public Investment Fund said it started the Regional Voluntary Carbon Market Company with Saudi Tadawul Group
The Middle East is having a banner year for IPOs on the back of high oil prices, investor inflows and strong demand for share sales
The joint venture will increase local capabilities in halal food production and help develop Saudi Arabia’s poultry sector value chain
The PIF made a non-binding offer to Saudi Telecom Co. for 51 per cent of Telecommunications Towers Company
The US bank will have doubled the size of its Saudi operations by the end of the year, compared to 2016
The company aims to localise knowledge, technology and innovation for the development of halal products, including foods, cosmetics, and pharmaceuticals
The initiative will contribute to overcoming challenges faced by global supply chains
The bank’s loan portfolio grew to SAR189bn, marking an increase of 4 per cent during the third quarter
The programme will provide SMEs a wide range of support from capability building and strategy development to training, market access, advisory services and business planning
The proceeds will be used by Zid to expand into new markets in Saudi Arabia and in the region
The FIFA World Cup is starting on November 20 and will run until December 18
The Mexico City-based company is branching into the UAE and Oman
The company set the final offer price at $26.6 a share, raising $710m after a book-building process for institutional investors
The firm opened a specialist hospital in the Middle East in 1955 and currently runs more than 150 stores across five countries in the region
Book-building for Marafiq’s IPO opens on Sunday and lasts until October 14, followed by a retail offering from October 26-29
The bond was more than eight times oversubscribed, with orders exceeding $24bn
Visitors can expect a packed agenda with cybersecurity training, hacking competitions and sessions with leading international speakers at the event
Flights will operate from November 2022 through to March 2023
STC is expanding into a range of services beyond its core telephone network business
Analysts say there’s only about 2 million barrels a day of capacity that could be brought online quickly should there be a supply shutdowns
The announcement was made at the General Assembly meeting of the Olympic Council of Asia held in Cambodia
The fund’s managing director said that the office will ‘spearhead engagement with regional institutions and strengthen relationships with country authorities’.
Projects will be developed in the cities of Al-Madinah, Al-Khobar, Al-Ahsa, Buraidah, Najran, Jizan, Hail, Al-Baha, Arar, Taif, Dumat Al-Jandal, and Tabuk
Flynas scaled its fleet to 38 aircraft in June 2022 compared to 25 aircraft in January 2021
Arabian Drilling plans to use the IPO proceeds to scale up its onshore and offshore fleet and expand operations in the GCC region