Duty-free sales at Saudi’s King Khalid International Airport climbed substantially in March, with a growth rate of 62 per cent compared to March 2019
The IMF said it expects the bonanza “to improve fiscal and external balances” in a region that includes 13 exporters in total
Americana operates restaurants for brands including Baskin Robbins, Costa Coffee and TGI Fridays as well as KFC and Pizza Hut, according to its website
Lucid said it would start delivering the vehicles by the second quarter of 2023
The agtech company will use the funds for its global and regional expansion plans, including the expansion of its fresh produce business in the GCC
Rawabi Holdings has established Magnom Properties, the real estate vertical of the company, to oversee the construction of projects in the MENA region
The resumption of these flights will take flydubai’s network in Saudi Arabia to ten destinations, including Dammam, Gassim, Jeddah, Taif and Riyadh
Deliberations are ongoing, and there’s no guarantee PIF will proceed with an investment
The airline will start flying to the four destinations from April 28
The Series C funding was led by Prosus and Sanabil Investments, with participation by Sequoia Capital India and existing investors
Establishing this new office in the kingdom is a milestone in the company’s roadmap to protect over 400 million users
Nearly all of the respondents in the UAE believe sustainability and social factors are more important than ever
The digital workflow company eyes UAE and Saudi Arabia markets, selecting leaders with proven records in strategy, growth and team building
Budget carrier flydubai’s network in Saudi Arabia has now grown to eight destinations, including AlUla, Dammam, Jeddah, Madinah, Riyadh, Taif and Yanbu
The markets it plans to exit made up about 1 per cent of total group income in 2021
The two companies will coordinate and collaborate on finding, backing and mentoring founders as they launch and grow their ethically-focused startups
The company’s digital peer-to-peer solution eliminates the requirement for the host and the renter to meet in person
With the Taif service restarting, flydubai’s network in Saudi has grown to seven destinations, including AlUla, Dammam, Jeddah, Madinah, Riyadh and Yanbu
Altassan was the head of investment banking for Bank of America in Saudi Arabia
The seafood restaurant chain has 18 branches in Saudi Arabia and plans to open more across the UAE, Bahrain, Oman, Qatar, Jordan and Egypt
Saudi Arabia will also provide $1bn for the purchase of oil products and to support of development projects
The seed round was led by Merak Capital with participation from Merced, a Saudi VC company
The ‘Zatca’ app is designed to be more effective in providing fast, reliable and high-quality services
Luberef would be joining several Aramco subsidiaries already listed on the Saudi stock exchange
More than 60 per cent of Saudi Arabia’s oil shipments go to Asia, with China, Japan, South Korea and India
It is part of the kingdom’s efforts to support Egypt’s economy
Armani Hotel Diriyah will include 70 rooms and two restaurants, with its suites featuring their own spa and swimming pool
The Organization of Petroleum Exporting Countries and its partners have resisted calls to raise output faster
The partnership aims to support Saudi youth by providing a series of short courses on some of the latest cybersecurity technologies
Foreign direct investment in 2021 totalled $19.3bn, the most since 2010