#Saudi Arabia

Flynas launches new operations base at Madinah airport (Image: Supplied by flynas)

Flynas launches new operations base at Madinah airport

The low-cost carrier now has four bases across Saudi Arabia

Marco Arcelli of ACWA Power which signed deals with 6 Italina entities to promote clean energy imag ACWA Power

Clean energy: Saudi’s ACWA Power signs key agreements with these European entities

ACWA Power signed the strategic cooperation agreements at the Saudi-Italian Investment Forum held in Milan on September 4

Saudi Arabia economic outlook

Saudi Arabia receives 7.8 million tourists in Q1 2023

The kingdom’s incoming tourism revenue grew by about 225 per cent to reach SAR37bn in the first quarter of this year

Saudi Arabia’s crude oil exports plunged in August

Saudi crude oil exports plummet as OPEC giant slashes production

Since July, the kingdom has pledged to implement a unilateral production cut of one million barrels a day on top of existing curbs

Aliph Capital secures funding from PIF-backed Jada

Saudi PIF’s Jada invests in Aliph Capital’s “Aliph Fund I”

The investment reinforces Jada’s commitment to supporting small and midsize enterprises in Saudi Arabia

SAUDIA Group allocated 1.2 million seats for 2023 Hajj season. Image credit: Twitter @bhx_official

SAUDIA Group allocated 1.2 million seats for 2023 Hajj season

The group has revealed its operational performance during the peak of the summer travel season from May 21-August 2, 2023

Riyadh Air to support inclusion of Saudi nationals in aviation workforce (Image: Supplied by Riyadh Air)

Riyadh Air to support inclusion of Saudi nationals in aviation workforce

The agreement includes the activation of a female training programme specialised in the field of engineering and maintenance

Saudi Arabia SPARK logistics zone to open in 2024 Image SPARK

Saudi Arabia: King Salman Energy Park’s Logistics Zone to begin operations in 2024

The zone will be operated by SPARK Logistics, a JV between SPARK and Hutchison Ports and will handle ten million metric tonnes of cargo

Saudi Arabia’s foreign reserves plunge to 2009 low

Saudi foreign reserves plunge by most since pandemic to 2009 low

The decline in July was the biggest since the government transferred $40bn to its wealth fund from the central bank to invest abroad

AviLease buys StanChart’s aircraft leasing business

Saudi PIF’s AviLease to acquire StanChart’s aircraft leasing business

The jet lessor will acquire a portfolio of 100 narrowbody aircraft and become a servicer for another 22 jets

Saudi PIF, holders to offer 30% stake in oil driller ADES IPO

Saudi PIF, holders to offer 30% stake in oil driller ADES IPO

The offering will consist of 338.7 million shares, which will include the issuance of 237.1 million new shares through a capital increase

Saudi Arabia launches new real estate market platform Image courtesy Ministry of Justice

Saudi Arabia launches real estate platform to support owners, buyers

The platform allows users to access reliable information about the value of real estate transactions in any geographical area they choose

Saudi Arabia unveils master plan for logistics centres

Saudi Arabia unveils master plan for logistics centres

The kingdom will build 59 logistics centres with a total area of more than 100 million square meters

Champions League

Saudi Arabia in Champions League? SPL outlines ambitions

UEFA members include a few non-European countries, including Kazakhstan, whose clubs can participate in the Champions League


UAE, Saudi Arabia to join BRICS; President Sheikh Mohamed welcomes membership

The BRICS grouping has announced an expansion in its ranks with six new members, including UAE, Saudi Arabia, Ethiopia and Egypt

How Tonomus is transforming NEOM

Exclusive: Joseph Bradley on transforming NEOM into an epicentre of innovation

Tonomus CEO explains how NEOM’s first digital communications facility will connect the city to the world by rolling out and using cutting-edge telecommunications

Hilton has confirmed its first airport hotel in Saudi Arabia (Image: Supplied by Hilton)

Hilton to open airport hotel in Dammam

The 273-key property will have direct skywalk access to the terminal building at King Fahd International airport


Saudi Arabia unveils $200m fund to propel local and global high-tech

The initiative is part of a strategy announced for the King Abdullah University of Science and Technology

GCC airline Saudia offering 50 per cent discount on tickets GettyImages

This GCC airline is offering up to a 50% discount on tickets

Customers have to book tickets between August 17-30, with the validity for travel being between September to November

Cityscape Global Saudi to debut in September

Cityscape Global Saudi to debut in September

The four-day programme will host master developers, exclusive showcases of giga projects, as well as B2B real estate services

Diriyah’s first phase of masterplan obtains LEED platinum certification

It is the first time that a project in the Middle East has received the accolade in LEED for Cities and Communities

India school GCC

India supports community initiatives for new schools in GCC

Within the GCC, the largest number of Indian schools are in the UAE

Flynas (Image: Supplied by flynas)

Flynas signs sustainability agreement with Saudi Investment Recycling Company

The two entities will jointly explore opportunities to develop best practices and solutions for the airline’s recycling needs

Tanmiah posts SAR983.1m in H1 revenues

Tanmiah H1 revenue surges to SAR983.1m on poultry sales

The food manufacturer’s half-year profit increased by 2.2 per cent to SAR32.4m from SAR31.7m a year earlier

Red Sea Global 5G network (Source: Sourced from Red Sea Global Media Centre)

World’s first zero-carbon 5G network unveiled at Six Senses Southern Dunes

It will be powered by 100 per cent renewable energy from over 760,000 solar panels that Red Sea Global has built to power The Red Sea destination

Saudi Arabia plans to issue $9.6bn in sukuk after buyback GettyImages-1464744716-1

Saudi Arabia plans to issue $9.6bn in sukuk after buyback

HSBC Saudi Arabia, Al Rajhi Capital, SNB Capital, and AlJazira Capital have been appointed as joint lead managers to lead the transaction

Riyadh Air signs first sports sponsorship deal

Riyadh Air signs multi-year sponsorship deal with Atlético de Madrid

The partnership is the first sports sponsorship deal that Riyadh Air has signed since its official launch in March

Kerten Hospitality will debut its The House Residence brand in the Oxagon (Image: Supplied by NEOM)

Kerten Hospitality to enter NEOM’s Oxagon

A 200-unit serviced apartments property will welcome its first guests in 2025

ACWA Power H1 2023 results Image Acwa Power

ACWA Power H1 net profit rises 26% to SAR684m

Operating income — before impairment, loss and other expenses — for the six-month period stood at SAR1,289m


Lucid pledges to reach 10,000-EV target this year; shares rise

The company’s shares jumped more than 5 per cent in post-market trading