The rate of unemployment, for both Saudi nationals and expats, decreased in the last quarter of 2023 indicating job creation in the economy
The petrochemical complex is expected to house one of the largest mixed-load steam crackers in the Arab Gulf region
The IPO involved the offering of 24,549,600 shares, constituting 30 per cent of the company’s issued share capital
This year, international oil prices have been strong, with Brent holding above $80 a barrel
In a sign of how bullish investors were becoming most buying came from the creation of new long positions
The automaker plans to use the proceeds for general corporate purposes including capital expenditures and working capital
The agreements mark a pivotal stride in advancing clean energy projects within Pakistan, aiming to address challenges associated with conventional energy sources and their financial burdens
This venture positions Four Seasons as the latest addition to the lineup of luxury brands at Triple Bay, situated along Saudi Arabia’s stunning northwestern coastline
The holiday will begin at the end of the work day on Sunday, April 7, with most employees getting four days off to mark the festival
The 150-megawatt plant, part of the Noor Ouarzazate solar complex, will be forced to remain idle until November 2024
The unveiling of the theme park follows the launch of Qiddiya City’s gaming and esports district
NEOM’s latest announcements add to the development plan that includes Norlana, Epicon and Aquellum, among others
A filing from the SEC indicates that MBC Group, through its MBC Ventures arm, has purchased 4,074,533 ordinary shares in Anghami
Clients will have a wide choice of investment solutions across asset classes, including the investment management firm’s $256bn global alternatives platform
The US Secretary of State is on his sixth visit to the region since the October 7 crisis broke out
The new warehouse in Saudi Arabia would service the Middle East, North and East Africa regions
Speaking at one of the biggest energy conferences in the world, Aramco has backed forecasts of continued demand for traditional fossil fuels
A test flight in June will launch Halo’s second real-size prototype capsule 32 kilometres above Saudi Arabia
Public Investment Fund’s representatives have discussed a potential partnership with US venture capital firm Andreessen Horowitz
Morgan Stanley expects oil demand to grow at 1.5 million bpd this year which is slightly above the historical trend growth
Already making significant strides in laying the groundwork for the iconic Mukaab building, the company has excavated nearly four million cubic metres of material
Amin Nasser, CEO of Saudi Aramco, has made the remarks at the 2024 CERAWeek being hosted in Houston, Texas this week
Habben Jansen said the Red Sea crisis had rather enforced route changes
Saudia is set to mostly focus on Muslim pilgrims making the journey to Saudi Arabia’s holy sites while Riyadh Air will target non-religious traffic, including international transit passengers
Small e-copters carrying up to two passengers could be ferrying passengers in the UAE and Saudi Arabia in just a few years, says the CEO of FlyNow
The IPO will offer 120,000,000 shares, representing 30 per cent of SMASCO’s total issued share capital
The data points to a positive trajectory for the kingdom’s economy, driven by diversification, and growth across multiple sectors
Light-to-moderate rain is expected in parts of Riyadh region, including the capital, Diriyah, Al-Muzahmiyah, and Al-Hareeq
The PIF currently ranks number five globally in terms of sovereign wealth funds by asset size
Financial institutions as well as academic institutions in the kingdom will shut for an extended period to mark Eid al Fitr