The crew abandoned the ship early on Monday after seeking assistance from Djibouti authorities
Saudi Arabia’s Minister of Investment, Khalid Al-Falih shared these milestones at the third Saudi Capital Market Forum in Riyadh on February 19
Non-oil GDP grew 4.6 per cent in 2023, while overall GDP contracted 0.9 per cent
The group GCEO tells us that ROSHN is a catalyst for economic growth and diversification in addition to raising homeownership rates in the country
Retailers calling for firm action include members such as supermarket giants Carrefour, Lidl, M&S, and Tesco
Sindalah will open its doors in 2024, giving a taste of luxury and fun in the future
Through diverse tech and AI offerings, the event is accelerating the adoption of technology, as well as transforming Saudi Arabia’s economy
The government had estimated a deficit of SAR82bn in its December budget statement and is forecasting a deficit of SAR79bn in 2024
Those wishing to perform Hajj from the kingdom can register via the ministry’s website or through the ‘Nusuk’ application
OPEC raised its world oil demand forecasts for the medium and long term in its annual outlook published in October
Riyadh Air has chosen Sabre’s comprehensive suite of solutions to optimise its network planning and drive revenue growth
The financing will be used to support Red Sea Global’s joint venture with Kingdom Holding Company to develop the Four Seasons Resort
Aramco chief executive Amin Nasser said he expected oil demand to increase to 104 million bpd this year and to 105 million bpd in 2025
Fresh poultry sales, the key contributor to FY 2023 profits, rose 18 per cent to SAR1.73bn over the previous year
The level of spare capacity – or the perception of how much is available – can influence world oil prices.
The government has lined up Citigroup, Goldman Sachs and HSBC for the sale, which could take place in the second or third quarter of this year
The contracts cover a wide range of defence technologies and initiatives, with a focus on enhancing military equipment and infrastructure
Non-OPEC output from Norway and Guyana is increasing while Russia is exporting more crude in February than it planned
With its untouched seafront location, Xaynor will offer club members an opportunity to escape the hustle and bustle of city life, and recharge in a secluded, exclusive environment
The kingdom aims to attract 150 million tourists by 2030, with 80 million domestic and 70 million international tourists
In addition to its rooms and suites, Jumeirah Jabal Omar Makkah hosts 88 residences, which sit across the podium of its four towers
Savola’s board has approved the rights issue and the distribution of Almarai shares
New airline, Riyadh Air, is bulking up its use of enterprise software as the company looks to push a digital first strategy
The company appointed HSBC as the sole financial adviser, global coordinator and lead manager on the deal and Emirates NBD Capital as joint book runner and underwriter
The new office presents an opportunity for the company to explore new partnerships and investments
The Jeddah Central Development Company is a Public Investment Fund (PIF)-owned developer, mandated with redeveloping Saudi Arabia’s historic city
Midha, a seasoned business leader with experience across Asia, the US, India, and Singapore, joins Alat from Dell Technologies
Saudi Arabia has emerged as the largest insurance market in the GCC surpassing the UAE
US Secretary of State Antony Blinken is in the region to discuss a ceasefire offer between Israel and Hamas
The projects being developed under NEOM offer a glimpse of what futuristic developments could look like in Saudi Arabia