#Saudi Arabia

oil refinery

Saudi’s Nesma & Partners to acquire Dubai-based energy services firm Kent

The completion is anticipated by the end of the calendar year, subject to regulatory approvals and satisfaction of customary closing conditions

Yahsat satellite

Serco launches graduate space programme in Saudi Arabia

Positions will include a secondment in Europe to gain experience with international space programmes

A321neo

Saudia fleet expands to include new A321neo aircraft

The aircraft is said to offer new levels of performance, seating 180 to 220 passengers in a typical two-class interior layout

SEVEN breaks ground for Almadinah Image courtesy SEVEN

Saudi’s SEVEN breaks ground at new SAR1.3bn entertainment destination in Almadinah

SEVEN has upcoming projects across 14 cities across Riyadh, Kharj, Makkah, Jeddah, Taif, Dammam, Khobar, Al Ahsa, Almadinah, Yanbu, Abha, Jizan, Buraidah and Tabuk

IUCN and RCU teams gather together to celebrate the launch of the IUCN IBEX tool Image RCU

The Royal Commission for AlUla, IUCN unveil new conservation assessment tool

 The new tool allows protected area managers to carry out self-assessment of facilities and practices against IUCN’s Green List standard

World Tourism Day 2023

Saudi Arabia’s PIF sets up company to boost tourism sector

The new company will invest in new tourism projects and develop attractive destinations in cities across the kingdom

saudi arabia - riyadh - traffic fine discount

Saudi’s Events Investment Fund acquires stake in Tahaluf, aims to boost events sector

Additionally, SELA, the Public Investment Fund-owned creator of experiences and iconic destinations has committed to being major stakeholders too

Israel crisis hits oil prices

Oil holds loss after Fed raises rates to highest in 22 years

West Texas Intermediate traded near $79 a barrel, after slipping 1.1 per cent on Wednesday

IHG to open Regent Jeddah in Saudi Arabia Imagew IHG

IHG to debut premium Regent Hotels & Resorts in Saudi Arabia

Set to open by mid-2024 in Jeddah, the property will be one of the first new generation Regent Hotels to open globally

SNB’s Q2 2023 net profit up 9% to $1.33bn

SNB’s Q2 net profit up 9% to $1.33bn

The bank’s net profit surged by 9 per cent to reach $1.33bn (SAR5bn) in the three months to June 30

Saudi Arabia allots $100m for Sudan humanitarian crisis

Saudi Arabia pledges $100m for Sudan humanitarian crisis

Prince Abdulaziz bin Saud said the kingdom is actively working to lessen suffering in areas affected by crises, conflicts and disasters

Rawabi Energy concludes one of the Largest Private Sector Syndicated Financing Image Rawabi Energy

Saudi Arabia’s Rawabi Energy concludes SAR7.175bn syndicated financing

The lending group also included First Abu Dhabi Bank acting as lead arranger

Saudi Arabia’s PIF launches firm to promote date industry

Saudi Arabia’s PIF sets up company to promote Ajwa dates

The company will play a key role in improving the quality and​ production capacity of Ajwa dates in the Madinah region

Aramco closes 3.4bn deal for 10 stake in Rongsheng

Aramco completes $3.4bn deal for 10% stake in Rongsheng Petrochemical

The deal represents the continued growth of Aramco’s downstream presence in China

Saudi wealth fund sets up Sawani

Saudi wealth fund sets up Sawani to boost camel dairy industry

The company will partner with players in the private sector to boost the production capacity of the camel dairy industry

Riyadh Air PSU sign MoU simualtor centre to be set up at campus Image courtesy Riyadh AIr

Saudi’s Riyadh Air to build first simulator centre at Prince Sultan University

Riyadh Air will partner with PSU to build long-term academic programmes to support students who want to pursue a career in aviation

ACWA Power

Saudi’s ACWA Power granted land for 10GW wind project in Egypt

The power plant is expected to provide the Egyptian economy with $6.5bn in savings in annual natural gas costs and create up to 120,000 job opportunities

Holiday Inn Riyadh The Business District (Image: Supplied by Holiday Inn)

Riyadh gets Middle East’s first Holiday Inn with open lobby concept

Holiday Inn Riyadh The Business District is a new-build 138-key property

Emirates signs deal to sponsor King Salman Cup 2023

Emirates signs deal to sponsor King Salman Cup 2023

The sponsorship deal gives the airline extensive in-stadium brand visibility across several touchpoints and on-site advertising

Open banking is a door to innovation

Open banking: A door to innovation and growth

Open banking is giving banks in the MENA region the opportunity to expand their ecosystems, reach and balance sheets

Flynas (Image: Supplied by flynas)

Flynas expands destination network from Jeddah

The Saudi carrier will introduce flights to Bishkek, Osh and Almaty and also enhance its frequency to Tashkent

PIF and Engie sign Mou to build hydrogen projects in Saudi Arabia

Saudi Arabia: PIF, ENGIE to jointly develop hydrogen projects

The two parties will jointly formulate a strategy to best approach the international market and secure offtake arrangements

Address Jabal Omar Makkah (Image: Supplied by Address Hotels and Resorts)

Address Hotels and Resorts debuts 1,484-key property in Makkah

The Address Jabal Omar Makkah in Saudi Arabia is located within the Jabal Omar development

Courtyard by Marriott Jubail (Image: Supplied by Courtyard by Marriott)

Courtyard by Marriott opens in Jubail

The 165-key property is located within Saudi Arabia’s Eastern Province

Esports GCC

Beyond games: How GCC’s esports, gaming sector is on target for growth

We explore how the region is embracing esports and gaming as a significant cultural and economic force

Saudi oil production cuts

Saudi oil cuts could trigger slowdown in economy

The economy will fall by 0.1 per cent this year if the government raises production in September and by 1 per cent if it holds the course for the rest of 2023

SRC Signs a 3-year sponsorship Deal With Saudi Football Club Al Ittihad image SRC

Saudi’s PIF-owned SRC signs 3-year sponsorship deal with Saudi Football Club Al Ittihad

The sponsorship is part of SRC’s support for the development of Saudi Arabia’s thriving sports sector and key objectives of Vision 2030’s ‘Quality of Life Program’ to promote sporting activity

Birmingham Airport

Saudia launches first flight to Birmingham Airport

This is a significant step in Saudia’s strategy of expanding its international network and strengthening connections between the kingdom and the rest of the world

Ramada Encore by Wyndham Al Khobar Corniche (Image: Supplied by Wyndham Hotels and Resorts)

Wyndham to open 79-key property in Al Khobar

Ramada Encore by Wyndham Al Khobar Corniche is located in Saudi Arabia’s Eastern Province

Red Sea Global Water sports

Red Sea Global, North Sails collaborate on sustainable sailing and water sports

The partnership will involve North Sails Apparel providing performance apparel for WAMA, RSG’s water sports brand, catering to the needs of their sailing and water sports staff