The partial launch will see three of the six routes of the world’s longest driverless metro system become operational
The rating agency revised the country’s outlook to stable from positive, citing uncertainty regarding global economic conditions
The deal by Aramco Digital would be its first major transaction in the telecommunications industry
Riyadh has been looking to attract more companies to set up their regional headquarters in the kingdom by offering tax breaks
The world’s top oil exporter raised $6bn from a three-tranche bond sale in July, ending a three-year debt market hiatus
Each project will have a capacity of 1.8 GW, collectively contributing to Saudi Arabia’s ambitious energy mix strategy
Efficio’s VP for the Middle East says local content has become a key engine in realising Saudi Arabia’s Vision 2030 goals
The brokerage expects Saudi Arabia to be less exposed to trade risks, and upgraded the top oil exporter to “overweight” from “underweight”
The company plans to open facilities in Saudi Arabia following a major investment deal with the kingdom’s Public Investment Fund
The IPO comes after a 2021 attempt to go public through a $12bn blank-check deal fell through
A UK consumer group believes iPhone and iPad iOS users have had little choice but to use Apple’s own iCloud service
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
The UK’s cutting-edge solutions make it an ideal partner for the GCC countries in advancing inclusive and innovative education initiatives
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
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
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
The four-day event has drawn participants from over 50 countries, including the US, the UK, China, and Germany
Transforming customer experiences in Saudi Arabia requires a holistic approach combining technological innovation, cultural understanding, and customer-centricity
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
Aramco expects to declare total dividends of $124.3bn in 2024, of which $43.1bn would be performance-linked dividends
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
The kingdom’s total spending came to SAR339bn in the quarter as it continued to spend heavily on its Vision 2030 transformation programme
Spot premiums for Middle East crude fell last month as the Asia market was well supplied
The fund inked MoUs with Mizuho Bank, Sumitomo Mitsui Financial Group, MUFG Bank, Japan Bank for International Cooperation, and Nippon Export and Investment Insurance
The fund will target buyouts, structured solutions, and other investment opportunities across a range of strategic sectors, including technology and healthcare
Uzbekistan remains ACWA Power’s second-largest market, with a robust portfolio that includes 11.4GW of power capacity
The new private equity fund will target buyouts, structured solutions and other investment opportunities across a range of strategic sectors
The deal, signed at the Future Investment Initiative forum in Riyadh, brings to 132 the total number of jets ordered by Riyadh Air
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
The agreements cover a range of projects across the GCC, China, Central Asia and North Africa, focusing on financing, renewable energy, storage projects, and research and development initiatives.