Home GCC Saudi Arabia

Saudi Arabia

Saudi Arabia announces 5 mining exploration opportunities

Saudi Arabia announces five new mining exploration opportunities

The kingdom is looking to leverage an estimated $1.3tn worth of vastly underexplored metals and minerals to support its sustainable development goals and the clean energy transition

Masdar inaugurates new office in Saudi Arabia to expand presence

Masdar inaugurates new office in Saudi Arabia to expand presence

Masdar aims to add to existing projects in the kingdom, including a 400MW wind farm and a 300MW solar power plant

Saudi finance chief says economy more resilient to global shocks

The kingdom has its lowest unemployment rate in two decades and has managed to keep inflation at 3 per cent

Saudia to purchase 100 electric jets in sustainability push

Saudia to purchase 100 electric jets in sustainability push

With zero operating emissions, the Lilium jets will enable sustainable and time-saving travel

Global cybersecurity Forum

Saudi Telecom doubles down on Ex-Google executive’s tech firm

Interest in the technology industry in the Middle East has increased the past few years as governments seek to diversify their economies

Saudi's PIF to establish 5 companies to pursue investments

Saudi’s PIF to establish five companies to pursue investments in Bahrain, Oman, other countries

The announcement follows the launch of the Saudi Egyptian Investment Company in August

Saudi Arabia sets up carbon market firm to support net-zero goal

The Public Investment Fund said it started the Regional Voluntary Carbon Market Company with Saudi Tadawul Group

Saudi Stock Exchange CEO Sees Strong IPO Pipeline in Busy Year

Saudi stock exchange CEO sees strong IPO pipeline in busy year

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

Global cybersecurity Forum

HPDC, BRF announce JV to spur halal poultry production in Saudi Arabia

The joint venture will increase local capabilities in halal food production and help develop Saudi Arabia’s poultry sector value chain

Saudi Telecom

Saudi’s PIF offers to buy stake in $5.8bn STC towers unit

The PIF made a non-binding offer to Saudi Telecom Co. for 51 per cent of Telecommunications Towers Company

JPMorgan set to hire 20 more bankers in Saudi Arabia expansion

JPMorgan set to hire 20 more bankers in Saudi Arabia expansion

The US bank will have doubled the size of its Saudi operations by the end of the year, compared to 2016

Saudi Arabia’s PIF launches company to develop halal production industry

The company aims to localise knowledge, technology and innovation for the development of halal products, including foods, cosmetics, and pharmaceuticals

Saudi Arabia launches supply chain initiative to beckon $10.6bn of investments

The initiative will contribute to overcoming challenges faced by global supply chains

Saudi British Bank reports 26% rise in net profit for Q3 2022

The bank’s loan portfolio grew to SAR189bn, marking an increase of 4 per cent during the third quarter

Aramco Launches Taleed Program to Accelerate SME growth in Saudi Arabia

Aramco launches Taleed to accelerate SME growth in Saudi Arabia

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


Saudi retail enablement company Zid raises $50m in Series B funding

The proceeds will be used by Zid to expand into new markets in Saudi Arabia and in the region

Saudi Arabia to issue free e-visa for Hayya Card holders

Saudi Arabia to issue free e-visa for Hayya Card holders

The FIFA World Cup is starting on November 20 and will run until December 18

Latin America’s biggest startup Kavak expands footprint into Middle East

The Mexico City-based company is branching into the UAE and Oman

STC Alibaba

Arabian Drilling draws $43bn in orders for Riyadh IPO

The company set the final offer price at $26.6 a share, raising $710m after a book-building process for institutional investors


Saudi eyecare group Magrabi weighs IPO of hospitals unit

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

Saudi utility Marafiq seeks to raise $897m in share sale

Book-building for Marafiq’s IPO opens on Sunday and lasts until October 14, followed by a retail offering from October 26-29

Saudi Arabia's Public Investment Fund issues green bond

Saudi Arabia’s Public Investment Fund raises $3bn via inaugural green bond

The bond was more than eight times oversubscribed, with orders exceeding $24bn

Black Hat event

Riyadh to host infosec heavyweights at Black Hat MEA show in November

Visitors can expect a packed agenda with cybersecurity training, hacking competitions and sessions with leading international speakers at the event

Saudi’s Seera Group to operate inbound charter flights to the kingdom

Flights will operate from November 2022 through to March 2023

STC to spend $1bn to make Saudi Arabia a regional data hub

STC is expanding into a range of services beyond its core telephone network business

Aramco says global oil spare buffers to slump when China reopens

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

Saudi Arabia wins bid to host 2029 Asian Winter Games in Neom's Trojena

Saudi Arabia to host 2029 Asian Winter Games at NEOM’s Trojena

The announcement was made at the General Assembly meeting of the Olympic Council of Asia held in Cambodia

IMF to establish regional office in Riyadh

The fund’s managing director said that the office will ‘spearhead engagement with regional institutions and strengthen relationships with country authorities’.

Saudi Crown Prince launches new company to develop downtown areas in 12 cities

Saudi Crown Prince launches company to develop downtown areas in 12 cities

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 to launch direct flights from two Saudi cities to Mumbai

Flynas scaled its fleet to 38 aircraft in June 2022 compared to 25 aircraft in January 2021