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Saudi Arabia: Image: Getty Images - ipo

Saudi among world’s fastest growing economies in 2024: Moody’s

The Gulf’s biggest economy will be among the three top fastest growing countries in the world next year, with only India and Indonesia set to expand faster

Riyadh Air x Lufthansa

Riyadh Air signs with Microsoft, Lufthansa for digital operations

Microsoft said it will extend its technical expertise to Riyadh Air by offering guidance in architecture design, scalability, and security reviews

NEOM EPICON

NEOM unveils 275m futuristic Epicon Towers

The new development, located on the Gulf of Aqaba, will comprise off two stunning towers

RIYADH AIR COO PETER BELLEW

100 cities by 2030: Riyadh Air COO underlines ambitious goal

Riyadh Air COO Peter Bellew on being the region’s youngest airline, the national carrier’s ambitions, its current challenges, and being a digital native

Saudia x Riyadh Air ink landmark agreement at Dubai AIrshow to strengthen Saudi Aviation

Saudia, Riyadh Air ink landmark deal to boost kingdom’s aviation ecosystem

Benefits that would be available for guests booking flights on Saudia or Riyadh Air will be announced when Riyadh Air launches in 2025

Riyadh Air new livery

Riyadh Air unveils permanent dual-livery at Dubai Airshow

The unveiled livery will see Riyadh Air aircraft decked in a lavender and indigo paint featuring a feather-like design near the rear of the fuselage

UAE's BEEAH, PIF's SIRC set up sustainable waste management firm in Madinah

UAE’s BEEAH, PIF’s SIRC set up sustainable waste management firm in Madinah

The company will be involved in waste collection at the source through treatment, recycling, and disposal in the general landfill in Madinah, Saudi Arabia

oil

Oil set for third weekly decline as Middle East crisis concerns ebb

The drop in prices comes as concerns around supply disruptions due to the Israel crisis ease along with a reduced demand for China

Dr Wijdan of King Faisal Specialist Hospital & Research on Space medicine

Interview: How KFSH&RC is supporting Saudi Arabia’s space ambitions

King Faisal Specialist Hospital & Research Centre’s Dr Wijdan Alahmadi shares the centre’s work in advancing astronaut safety and biomedical discovery

Masdar consortium wins bid for $1bn solar plant in Saudi Arabia

UAE’s Masdar consortium wins bid for $1bn solar plant in Saudi Arabia

The solar facility is expected to reach financial close early next year and connect to the grid in 2025

Aramco Q3 profit falls 23% on lower crude oil prices, volumes

Saudi Aramco Q3 profit falls 23% on lower crude oil prices, volumes

Net profit declined to $32.6bn for the quarter to September 30 from $42.4bn a year earlier

Riyadh Air

Riyadh Air to announce narrowbody plane order in coming weeks

The PIF-owned airline has previously placed an order for 72 Boeing 787 widebody jets in anticipation of its launch date

APICORP relocates to new office in Riyadh

APICORP relocates HQ to Riyadh, move aligns with new 2023-28 business strategy

The move to the new headquarters follows the approval of APICORP’s 2023-2028 business strategy, which includes a new brand identity

Saudi Arabia’s PIF invests $31.6bn in 2023

Saudi Arabia expands investor e-visa to all countries

The list includes individuals who have a valid tourist or commercial visa from the US, the UK or any Schengen country

RED SEA GLOBAL - STC GROUP

stc Group inks strategic partnership with Red Sea Global

The agreement aims to facilitate digital transformation and empower tourist destinations along the Red Sea coast

Red Sea Global unveils Shebara its luxury hotel brand Image: Supplied

Red Sea Global unveils Shebara, its luxury hotel brand

Shebara will open in the summer of 2024 and is the first resort to be owned and operated by RSG at The Red Sea destination

SABIC PRESS CONFERENCE Q3_tcm1010-42370

Saudi Arabian petrochemical giant SABIC reports Q3 net loss

SABIC has attributed the fall in revenue to a downturn in the global petrochemical market which continues to witness weak demand

IHG opens Makkah’s largest hotel (Image: Supplied by IHG Hotels and Resorts)

IHG opens Makkah’s largest hotel

The voco Makkah hotel is a 4,321-key property with 20,000 sqm of dining facilities

oil

Saudi to continue voluntary cut of one million oil barrels a day in December

Based on the voluntary cut, the kingdom’s production in December will be approximately nine million barrels per day

Arabian Drilling posts SAR920m on higher rig activity

Arabian Drilling’s Q3 revenue surges by 16% on higher rig activity

The company’s Q3 2023 net income remained flat QoQ, with the increase in operating profit mostly offset by higher finance costs

Lucid slashes prices amid EV price wars

Lucid cuts prices of electric sedans for limited time amid EV price wars

The automaker slashed the price of its Air Touring model to $87,500 and the more powerful Grand Touring by $10,000 to $115,600

saudi-india-meet cricket

Saudi Arabia looking to invest billions in Indian Premier League: Report

Talks were held when Saudi Arabia’s crown prince visited India in September for the G20 Summit

Flynas acquires four new Airbus A320neo aircraft (Image: Supplied by flynas)

Flynas acquires four new Airbus A320 neo aircraft

It now has 60 aircraft, with the A320 neo variant making up 70 per cent its overall fleet

Saudi Arabia’s stc Group 9.9% Telefonica stake

stc Group sticks to plan for 9.9% Telefonica stake, sources say

The telecoms operator amassed a EUR2.1bn ($2.23bn) stake, consisting of 4.9 per cent of Telefonica’s shares and financial instruments in September

Six Senses to open property in AlUla (Image: Supplied by Six Senses)

Six Senses AlUla to open by 2027 in Saudi Arabia

The property will feature 100 guest villas and 25 residences

Flynas confirms new routes to Brussels and Bahrain (Image: Supplied by Flynas)

Flynas confirms new routes to Brussels and Bahrain

It will operate seven weekly flights to Bahrain from Riyadh, and thrice-weekly services to Brussels from Jeddah

NEOM

Saudi’s NEOM sets up $10bn JV with Denmark’s DSV

The JV is expected to create more than 20,000 work opportunities

Saudi Arabia - Riyadh Image Getty Images

Saudi Arabia to enforce January deadline to move regional HQs to Riyadh

Some companies have raised concerns over the regulatory framework, including taxation

Democrance Expands Presence in Saudi Arabia Image Supplied

Global insurtech firm Democrance expands footprint in Saudi Arabia

Democrance helps insurers increase their digital sales and access new customer segments

four seasons red sea resort jv

Four Seasons Resort: Red Sea Global, Kingdom Holding sign SAR2bn joint venture

This collaboration between RSG and KHC coincides with substantial growth in the Kingdom’s tourism sector