#Saudi Arabia

New Murabba Mukkab

Saudi’s New Murabba ‘open for international investment’, says CEO

Already making significant strides in laying the groundwork for the iconic Mukaab building, the company has excavated nearly four million cubic metres of material

Saudi Manpower Solutions Company gets CMA nod to list IPO on Tadawul

Saudi Manpower Solutions Company gets CMA nod to list IPO on Tadawul

The IPO will offer 120,000,000 shares, representing 30 per cent of SMASCO’s total issued share capital

saudi arabia non-oil activity

Saudi Arabia hits important economic milestone: Non-oil activities at 50% of GDP

The data points to a positive trajectory for the kingdom’s economy, driven by diversification, and growth across multiple sectors

PIF

PIF world’s fifth largest sovereign wealth fund post Aramco stake transfer

The PIF currently ranks number five globally in terms of sovereign wealth funds by asset size

Riyadh Air marks first year anniversary. Milestones in numbers

In numbers: Riyadh Air marks first anniversary, see key milestones

Riyadh Air has signed significant agreements so far with aviation, transportation and sport partners, including Saudia, Turkish Airlines, Boeing, GE, CAE, Swiss AS, Lufthansa Systems, Lucid Motors and Atlético de Madrid

How the mena region is evolving into a global mobile gaming oasis, says Sandsoft's CTO SAudi-Arabia-to-host-esports-and-gaming-conference-Image-GettyImages-1385176759

Insights: The MENA region is poised to be the next big mobile gaming oasis

According to the International Trade Administration, there are around 23.5 million gamers in Saudi Arabia, which accounts for almost 70 per cent of its population

EFG HERMES - gcc economy - sector

EFG Hermes reveals five must watch sectors for 2024

Following the theme of its conference, EFG Hermes highlights opportunities available in frontier emerging markets

Lower GCC growth amid oil cuts, says Oxford Economics

GDP growth for Saudi Arabia in 2024 is expected to top 2.1 per cent, while growth in the UAE is set to reach 4.4 per cent

Saudi Arabia’s real GDP contracts 0.8% in 2023

Saudi Arabia’s real GDP shrinks 0.8% in 2023, oil sector weighs

The latest data shows that the economy contracted by 4.3 per cent in Q4 2023 after a 16.2 per cent year-on-year decrease in oil activities

Saudi Aramco eyes more China investments

Aramco sees China demand growing, eyes more investments

The state-owned energy giant has been ramping up its China presence in a string of deals in refining and petrochemicals

PIF’s Ceer to build $1.3bn EV factory in Saudi Arabia

PIF’s Ceer awards $1.3bn contract for EV factory in Saudi Arabia

The electric carmaker awarded the contract for a production facility spanning more than one million square meters

Saudi Arabia transfers 8% Aramco stake to PIF

Saudi Arabia doubles sovereign fund’s stake in Aramco

The fund has held a 4 per cent stake in Aramco since 2022 and indirectly holds another 4 per cent that was transferred last year to Sanabil

women - law

Celebrating the rise and rise of women arbitrators in Saudi Arabia: An IWD 2024 special

This International Women’s Day, a look at the changing landscape for women in the field of arbitration

Saudi Arabia’s PIF, Bahrain Mumtalakat to boost cooperation, investment

Saudi Arabia’s PIF, Bahrain Mumtalakat to boost cooperation, investment

The agreement aims to expand cooperation between the two parties and enable new and promising investment opportunities in Bahrain

AWS to invest $5.3 bn in Saudi Arabia, open data centres

AWS unveils $5.3bn investment to advance Saudi Arabia’s cloud infrastructure

The new region will consist of three availability zones at launch, adding to the existing 105 zones across 33 geographic regions globally

Reed smith experts on how Saudi giga-projects can introduced innovation to offset risks

Saudi giga-projects: How innovation can offset risks

There is an increasing awareness in the kingdom’s construction market of the necessity for more collaborative contracting methods to get these giga-projects across the finish line – efficiently and profitably

Oil prices surge after OPEC+ extends output cuts

Oil nudges higher after OPEC+ extends output cuts

OPEC+ is extending voluntary oil output cuts of 2.2 million barrels per day into the second quarter and this is expected to cushion the market

Oil price advances as spreads signal market strength

Oil rises, markets await OPEC+ decision amid mixed demand drivers

A decision on extending the cuts is expected in the first week of March, with individual countries expected to announce their decisions

How LEAP 2024 aligns with Saudi Arabia’s Vision 2030

Tahaluf’s CEO shines the spotlight on LEAP 2024

Michael Champion says the move to a larger venue for LEAP in 2024, reflects the event’s commitment to accommodate more innovative technologies, digital entrepreneurs and tech startups

How ROSHN is building supply chain resilience in Saudi Arabia

Saudi Arabian real estate developer ROSHN is not only building out entire communities, but also helping to shape key supply chains

LEAP 2024: 15 dedicated 'tracks', 13 stages to showcase tech innovation

LEAP 2024: 15 dedicated ‘tracks’, 13 stages to showcase tech innovation

To offer more value to attendees, LEAP has increased its tracks from seven to 15 this year, with a focus on economy, health, edutech, retail, fintech, and smart cities, among other sectors

LEAP 2024 returns to Riyadh with sharpened focus on GenAI

Organisers are predicting a turnout of more than 172,000 visitors when the event’s third edition gets underway on March 4 at the Riyadh Exhibition and Convention Centre

OPEC+ reportedly mulls extending voluntary oil output cuts

OPEC+ to consider extending voluntary oil output cuts, sources say

OPEC+’s de facto leader Saudi Arabia has said that the cuts could continue past the first quarter if needed

Olam Group delays listing agri unit on Saudi Exchange again

Olam Group’s Singapore-Saudi dual IPO plan for agri unit delayed again

The company said the delay was due to the regulatory framework still being finalised in Saudi Arabia to enable the listing of foreign companies

Donn Davis, Founder of Professional Fighters League - PFL -

Mixed Martial Arts: Professional Fighters League event kicks off in Saudi Arabia

The founder of PIF-backed Professional Fighters League tells us about their MMA event, PFL Champions versus Bellator Champions, and how PFL will help accelerate the MMA ecosystem regionally

Saudi Arabia’s PIF pitches kingdom as AI hub

Saudi sovereign wealth fund PIF pitches kingdom as AI hub

Al-Rumayyan’s comments signal that data centres may be a core part of the kingdom’s strategy to capitalise on the booming demand for GenAI technology

Saudi retail growth

Saudi Arabia’s meteoric rise to third place in Global Retail Development Index

Increase in non-cash transactions and strategic initiatives propelled the kingdom’s retail growth

Global debt tops $313tn in 2023, says IIF

Global debt hits new record high at $313tn in 2023, says IIF

India, Argentina, China, Russia, Malaysia and South Africa registered the largest increases, signalling potential growing challenges in debt repayments

TECOM Group’s in5 startups post 25% funding growth in 2023

Funding for startups at TECOM Group’s in5 surges by 25% in 2023

in5 has incubated about 900 startups since its inception, and its tech-focused vertical is currently home to 270 active startups

Saudi Arabia mulls follow-on share offerings framework

Saudi Arabia considers regulatory framework for follow-on share offerings

The framework would be a process that is governed and regulated and a catalyst for increasing the free float of listed companies