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Saudi Arabia expands ‘visiting investor’ visa offering to all countries

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


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


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


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


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

Ajay Banga, president of the World Bank Group

World Bank chief Ajay Banga warns of economic headwinds for global economy

Geopolitical tensions heightened by the Middle East crisis pose the biggest threat to the world economy


Saudi Aramco, Hyundai to set up $2.4bn gas plant in Jafurah

Jafurah is Saudi’s largest unconventional non-oil associated gas field, with reserves estimated at 200 trillion cubic feet

Red Sea Global unveils Thuwal Private Retreat – a new luxury private island destination Image RSG

Red Sea Global unveils new luxury private island destination in Saudi Arabia

The buy-out only island resort will offer travellers premium luxury and hyper-personalised private experiences from early 2024


Future Investment Initiative 2023: Global summit in Riyadh gathers leaders amidst economic turbulence

Heads of state, CEOs, financiers, and policy experts, to discuss the challenges in light of rising global economic and geopolitical unrest

Saudi Arabia esports

Saudi Arabia launches Esports World Cup 2024

This ambitious undertaking underscores Saudi Arabia’s commitment to becoming a global leader in the esports arena

Hyundai, PIF JV

PIF, Hyundai to build $500m high-tech car manufacturing plant in Saudi Arabia

Hyundai will act as a strategic technology partner, offering technical and commercial expertise to support the plant’s development

Flynas to begin flights to Addis Ababa from Riyadh and Jeddah (Image: Supplied by flynas)

Flynas to begin new flight between Jeddah and Ankara

It will operate a direct weekly flight starting November 7

Saudi Arabia launches bus services project to connect 200 cities Image Saudi Press Agency

Saudi Arabia launches major bus services project to link 200 cities, provinces

The bus services project is expected to add SAR3.2bn to the kingdom’s gross domestic product.

Saudi Arabia extends e-visas to 63 countries GettyImages-1464744716-1

Visit visa update: Saudi Arabia e-visa offering now extends to 63 countries

Saudi visit visas are now available to citizens of Türkiye, Thailand, Panama, Saint Kitts and Nevis, Seychelles, and Mauritius

Saudi Arabia launches Ardara and AlWadi Image Supplied

Saudi Arabia launches ARDARA and lifestyle destination AlWadi in Abha region

ARDARA aims to provide investment and partnership opportunities for investors in hospitality, arts, culture, food and agriculture, retail and entertainment

InFlavour Food and Beverage Expo

Saudi Arabia to host InFlavour Food and Beverage Expo in October

A joint venture of Tahaluf and the Ministry of Environment, Water and Agriculture, the event is a key and influential platform for regional and global players in the food and beverage sector

Saudi Arabia - Riyadh Image Getty Images

Saudi Arabia: Inflation eases further in Sept to 1.7%, marks drop from Aug

The main driver of CPI inflation in September was higher prices of housing, water, electricity, gas and other fuels, and restaurant and hotel prices

Image courtesy Red Sea Global

Red Sea Global reveals airport facelift as first project in expanded portfolio

Red Sea Global has been commissioned to carry out refurbishment works at Al Wajh Airport in Saudi Arabia