The extension of this agreement is aimed at advancing the goals of the Vision 2030 Housing Program
The budget carrier launched 57 new destinations and inaugurated its fourth operations base at Prince Mohammed bin Abdulaziz International Airport in Madinah
Two GCC nations, the United Arab Emirates and Saudi Arabia, are now formally part of the BRICS bloc
Big-ticket purchases included $4.9bn for US gaming company Scopely, $3.6bn to buy Standard Chartered’s aircraft leasing division and $3.3bn for steelmaker Hadeed
Saudi Arabia has officially activated its new mandate for companies with large tenders to host their regional offices in the country
The unemployment rate for Saudis is still lower than the 9.9 per cent recorded in the same period a year ago, according to data from the kingdom
Located on the coastline of the Gulf of Aqaba, the lifestyle community will have a 120-berth marina that will serve as an international hub for superyachts
The authority signed the contracts with Zamil Marine Services and Naghi Marine Company to provide diverse maritime services
The GCC region has proven to be one of the most kinetic deal markets in the world in 2023, with dealmakers expected to remain relatively active in the near future
Countries in the GCC are ranking among the highest in the world when it comes to the state of their digital connectivity in 2023
The kingdom has been studying setting up the trading platform in the second half of 2023 but a decision is not expected any time soon
The initial phase of the project will generate 3,000 tonnes of green hydrogen annually, with the subsequent phase harnessing 2.4 GW of wind energy to produce 500,000 tonnes of green ammonia
The training is set to form part of an initiative called ‘Mostaqbali’ (My Future), and will be supervised by Saudi Arabia’s Ministry of Human Resources and Social Development.
The airline has taken delivery of 18 out of 19 new A320neo aircraft scheduled for delivery in 2023
With this transaction, the BNPL platform will have raised a total of $500m in equity funding, and well above $400m in debt financing
Designed by the world-renowned architectural firm Snøhetta, the Royal Diriyah Opera House will be built in the heart of Diriyah
Set to be built along the Gulf of Aqaba, Utamo, is crafted as an immersive destination for art and entertainment
The pricing of SAR25 per share implies a market valuation of around SAR8.3bn at listing
Looking ahead to 2024, Saxo Bank sees a world at an inflection point, with the familiar road of the last decade coming to an end
The company will spearhead the kingdom’s efforts to ensure food security, mitigate climate change and achieve net-zero emissions by 2060
Qiddiya City expects to attract an anticipated 48 million visits per year with its never-built-before array of world-class attractions and venues
Embracing tools such as VAT Filing Reconciliation and Assistance and Accounts Payable Automation becomes crucial to ensure efficient, accurate tax operations and compliance
The budget estimates expenditures of SAR1.3tn in 2024 and total revenues of SAR1.2tn
The Russian President is due to hold talks with UAE President Sheikh Mohammed bin Zayed Al Nahyan and Saudi Arabia’s Crown Prince Mohammed bin Salman
The targetting of cloud infrastructure among corporates in these two countries is on the rise, according to a new survey.
Situated on the Gulf of Aqaba coastline, this ultra-luxurious destination will be home to a 65-key hotel, as well as 35 exclusive residences
The Saudi Green Initiative aims to improve the quality of life and protect future generations by increasing reliance on clean energy
The wealth fund’s investment will include an element of primary equity, and the completion of the deal is subject to regulatory approval
Mega projects in the kingdom, together with renewed digitalisation efforts, are spurring on a whole new era of IT services growth for the country, says the IDC.
Members of OPEC+ agreed to make additional voluntary outputs in reduction, but the announced cuts were not as deep as expected.