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DeepFest 2025 opens in Riyadh, showcases Saudi Arabia’s AI ambitions

DeepFest 2025 showcases Saudi Arabia’s AI ambitions

DeepFest 2025 features more than 150 speakers and 120 exhibitors, welcoming over 50,000 participants globally

qualcomm-aramco launch-industrial_ai-enabled-smartphone-GettyImages-1241753513

Qualcomm, Aramco Digital to develop AI-enabled 5G industrial smartphone

Revealed at LEAP 2025, the new industrial smartphone will enhance connectivity for 5G IoT devices, edge computing, and industrial applications

LEAP 2025 launches image courtesy Saudi Press Agency

LEAP 2025 starts in Riyadh, unveiling $14.9bn in AI investments

The event reinforces Saudi Arabia’s ambition to establish itself as a primary hub for digital transformation and a destination for technology investments

How AI can help transform waste management in Saudi Arabia

The scale of Saudi Arabia’s waste management challenge demands innovative solutions aligned with Vision 2030’s sustainability goals

Saudi Arabia welcomes 60 million visitors in H1 2024

Saudi investment funds: New possibilities explored

The Capital Market Authority (CMA) in Saudi Arabia has initiated a public consultation regarding proposed changes

How LEAP 2025 is shaping Saudi Arabia’s tech ambitions

LEAP 2025 promises even more with 1,800 global tech brands, 680 startups, and 1,000 expert speakers showcasing next-gen solutions in sectors such as space, gaming, education, and smart cities

Saudi Arabia, UAE seen as ‘possible venues’ for Trump-Putin summit

Trump has said he will end the war in Ukraine as soon as possible and said he is ready to meet with Putin

Saudi Arabia IPO: PIF-backed developer Umm Al Qura to list on Tadawul

Saudi IPO: PIF-backed developer Umm Al Qura to list on Tadawul

The Saudi Exchange granted conditional approval on December 8, 2024, for the listing of Umm Al Qura’s shares on Tadawul’s Main Market

Red Sea Residences Promenade Residential View

Saudi Arabia: Red Sea Global unveils luxury Red Sea Residences

The first of Red Sea Residences’ developments is located on Shura Island at The Red Sea destination, with properties set to be ready for handover by the end of 2025

Saudi Arabian poultry producer Entaj plans to sell 30% stake in Riyadh IPO

Saudi Arabian poultry producer Entaj plans to sell 30% stake in Riyadh IPO

The firm has appointed SNB Capital as the lead manager, financial adviser, bookrunner and underwriter for the IPO

PIF-owned Folk Maritime focused on driving regional trade, says CEO Poul Hestbaek

PIF-owned Folk Maritime focused on driving regional trade, says CEO

With Vision 2030 driving infrastructure growth, Saudi Arabia is poised to become a global logistics hub, and Folk Maritime will play a pivotal role in this transformation, says Poul Hestbaek

Saudi Arabia's PIF completes $4bn bond issuance

Saudi Arabia’s PIF completes $4bn bond issuance

The offering was four times oversubscribed with strong demand from a range of global investors

Saudi Arabia’s stc Group secures SAR32.64bn government contract

Saudi Arabia’s stc Group secures SAR32.64bn government contract

The contract has a duration of 18 months for preparation and execution, followed by 15 years of project operations

Saudi Arabia eases foreign property investments in Mecca, Medina

Saudi Arabia eases foreign property investments in Mecca, Medina

Foreign investment would be limited to shares, convertible debt instruments, or both and would exclude “strategic foreign investors”

Saudi Arabia ramps up EV charging with new EVIQ-BYD partnership

The collaboration aims to accelerate EV adoption in Saudi Arabia by integrating EVIQ’s expertise in fast-charging infrastructure with BYD’s expanding customer base

Saudi Arabia’s Derayah Financial plans to sell 20% stake in Riyadh IPO

Derayah Financial plans to sell 20% stake in Riyadh IPO

The brokerage is offering 49.94 million shares, representing 20 per cent of the company’s total issued share capital

Trump calls for $1 trillion Saudi investment, lower oil prices

Trump calls for $1tn Saudi investment, lower oil prices

On January 23, the Saudi State news agency said the kingdom wants to put $600 billion into expanded investment and trade with the US over the next four years

Saudi Arabia’s PIF sells portfolio firm Thiqah to Elm

Saudi Arabia’s Elm to acquire Thiqah from PIF for $907m

The fund said that the deal will strengthen the local ICT sector, contributing to its goal of creating high-skilled jobs and driving economic growth through digital transformation

Saudi Arabia pledges to invest $600bn in the US under President Trump

Saudi Arabia pledges to invest $600bn in the US under President Trump

The kingdom is eager to seize partnership and investment opportunities created by the new administration’s anticipated reforms

Saudi Aramco expects additional oil demand of 1.3 million bpd in 2025

Saudi Aramco expects additional oil demand of 1.3 million bpd in 2025

Aramco’s chief executive Amin Nasser said that oil demand in 2025 will approach 106 million barrels per day (bpd) after averaging about 104.6 million bpd last year

IMF slashes 2025 Saudi Arabia growth forecast on extended oil production cuts

IMF slashes 2025 Saudi Arabia growth forecast on extended oil production cuts

The fund said it expected energy commodity prices to decline by 2.6 per cent in 2025, more than assumed in October

Aramco to set up minerals exploration, mining JV with Ma’aden

Aramco to set up minerals exploration, mining JV with Ma’aden

The venture will focus on energy transition minerals, with commercial lithium production scheduled to commence by 2027

Saudi Arabia’s flyadeal set to order Airbus A330neo jets

Saudi Arabia’s flyadeal set to order Airbus A330neo jets

The low-cost carrier is likely to announce the order for the upgraded A330-900 variant in the coming weeks after comparing it with Boeing’s smaller 787-9

Saudi Arabia’s PIF completes acquisition of 23.08% stake in Saudi Re

Saudi Arabia’s PIF completes acquisition of 23.08% stake in Saudi Re

The investment is expected to boost the growth of the local reinsurance sector and improve coverage for commercial activities for insurance firms and companies in general

Saudi Arabia’s Almoosa plans to list 30% stake on local bourse

EFG Hermes advises on $449m Almoosa Healthcare IPO on Saudi Exchange

The healthcare company began trading publicly on Tuesday and rose 15 per cent on debut as it hovered around the SAR139.60 mark

Saudi Arabia taps debt markets with $12bn three-part bond

Saudi Arabia taps debt markets with $12bn three-part bond

The kingdom sold $5bn, $3bn and $4bn in tenors of three, six and 10 years, respectively, and the total order book reached around $37bn

PIF secures $7bn inaugural murabaha credit facility

Saudi’s PIF secures $7bn murabaha credit facility

The Shariah-compliant financing structure forms part of PIF’s continued objective of diversifying its funding sources

Energy Capital Group Successfully Closes ECG2.0-Fund2

Saudi’s Energy Capital Group closes oversubscribed SAR600m fund

ECG2.0-Fund2 anticipates exiting its industrial services platform through an initial public offering (IPO) targeted within two years

The Mubadala Investment headquarters building (centre) in Abu Dhabi, United Arab Emirates.

Mubadala overtakes Saudi Arabia’s PIF as world’s top wealth fund spender

Mubadala and its subsidiaries deployed $29.2bn in 2024, up from $17.5bn invested in 2023, according to a report from Global SWF

SEVEN Unveils SAR 1.3 Billion Destination in Jazan (1)

Saudi’s SEVEN announces SAR1.3bn entertainment destination in Jazan

SEVEN’s investment in Jazan is part of a larger, SAR50bn initiative to develop 21 entertainment destinations in 14 cities across Saudi Arabia