The Saudi Exchange played a pivotal role in facilitating more than SAR11.9bn ($3.2bn) raised through IPOs on the Main Market in 2023
The kingdom hopes to attract $100bn in FDI by 2030 to boost non-oil gross domestic product
The rate of unemployment, for both Saudi nationals and expats, decreased in the last quarter of 2023 indicating job creation in the economy
This year, international oil prices have been strong, with Brent holding above $80 a barrel
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 trade pact is expected to lead to one of the world’s largest free trade areas, between Türkiye and the GCC, with a total value of $2.4tn
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
Public Investment Fund’s representatives have discussed a potential partnership with US venture capital firm Andreessen Horowitz
Already making significant strides in laying the groundwork for the iconic Mukaab building, the company has excavated nearly four million cubic metres of material
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
The PIF currently ranks number five globally in terms of sovereign wealth funds by asset size
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
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
Following the theme of its conference, EFG Hermes highlights opportunities available in frontier emerging markets
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
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
The state-owned energy giant has been ramping up its China presence in a string of deals in refining and petrochemicals
The electric carmaker awarded the contract for a production facility spanning more than one million square meters
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
This International Women’s Day, a look at the changing landscape for women in the field of arbitration
The agreement aims to expand cooperation between the two parties and enable new and promising investment opportunities in Bahrain
The new region will consist of three availability zones at launch, adding to the existing 105 zones across 33 geographic regions globally
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
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
A decision on extending the cuts is expected in the first week of March, with individual countries expected to announce their decisions
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