GESAT has produced over 200 gas turbine modules, supporting power generation in up to 10 countries, including Saudi Arabia
To mark the fintech sector’s growing importance and in line with Saudi Arabia’s Vision 2030, the inaugural 24 Fintech 2024 event is set to take place from September 3-5
The 24 Fintech Summit promises to be a landmark event for Saudi Arabia as well as the GCC region, offering attendees a comprehensive view of the trends, challenges, and opportunities set to shape the industry in the coming years
The ’24 Fintech event, taking place from September 3-5 in Riyadh, is set to be an essential gathering for industry leaders, investors, and innovators driving the future of finance
The region’s fintech sector is rapidly transforming, driven by strong investments, supportive regulations, and visionary initiatives like Saudi Arabia’s Vision 2030. As the sector grows, industry leaders share their insights on what lies ahead
Saudi Arabia will host the inaugural Olympic Esports Games in 2025 under a 12-year partnership agreement with the International Olympic Committee
The facility agreement was signed with a diverse global syndicate of 23 international financial institutions
Al Majed for Oud is offering 7,500,000 shares to investors – equivalent to 30 per cent of the company’s paid-up capital – at a price range of SAR90 to SAR94
Abdulaziz Daghestani looks at how the kingdom is addressing climate change while ensuring resource efficiency and reliable water supply in its cities
National non-oil exports, excluding re-exports, grew by 1.4 per cent in Q2 2024, while the value of re-exported goods surged by 39.1 per cent over the same period
The opening of the Riyadh Metro is just around the corner, says the country’s minister of transport and logistics
The Biden administration briefed Congress on the decision with reports indicating that weapons sales could resume as early as this month
The milling is offering the shares in two tranches — to institutional investors and retail investors — between September 1-19
Dallah will issue 3.89 million shares to Ayyan as part of the capital increase, valued at SAR660m
The discount is available for international flights departing from Jeddah and Riyadh
The wealth fund is said to discussions with both aircraft manufacturers and lessors to acquire Boeing 777 and Airbus A350 freighters
The perfume retailer is offering 7,500,000 shares to investors—equivalent to 30 per cent of the company’s paid-up capital
The mediating countries – Qatar, the US, and Egypt – have so far failed to narrow enough differences to reach an agreement in months of on-off negotiations
The multi-year sponsorship deal with Concacaf complements the airline’s existing agreement with Spain’s Atlético de Madrid
SEDCO Capital’s new fund is expected to attract both local and international investors, offering them a vehicle to tap into the growing Saudi market
The Red Sea project is poised to be the world’s first fully clean energy-powered destination
Initially, Riyadh Metro is expected to carry 1.2 million passengers daily, with the capacity to expand to 3.6 million at full scale
Sectors such as clean energy, metals and minerals, transport and logistics, and digitalisation are expected to see significant funding as part of the kingdom’s economic diversification efforts
Oil majors have complained that the terms of Iraq’s traditional oil service contracts meant they could not benefit from rising oil prices and lost out when production costs rose
The Concacaf partnership adds to PIF’s growing portfolio of partnerships across tennis, golf, football, and electric motorsports
Saudi Arabia plans to award more than 30 additional mining exploration licences to foreign investors in 2024
The hydrogen-powered tower will feature advanced cybersecurity systems, two ultra-fast VIP elevators, and a helipad
Saudi Arabia’s facilities have so far been inspected under the SQP agreement with the IAEA, which offers limited international oversight
The agreement, effective from September 1, spans 4.5 years with an option to extend for an additional two years
A Pentagon statement said the USS Georgia, a nuclear-powered vessel, is being deployed to the Middle East