#Saudi Arabia

Savii

Women in tech: Jane Harvey, co-founder and CEO at Savii

Young girls need role models and as women operating in this space, it is incumbent to show that there is a seat for females at the table

Neom selects GHM to manage The Chedi Trojena

NEOM Hotel Development selects GHM to manage The Chedi Trojena in Saudi Arabia

The Chedi Trojena will serve as a luxurious sanctuary in the Gulf’s first outdoor ski resort

Saudia

Saudia opens airport operations building in Jeddah

The mini terminal includes artificial intelligence-powered self-boarding kiosks and five luggage carousels as well as 15 meeting rooms for pre-flight cabin crew briefings

Olam Group plans to list agribusiness unit in Saudi Arabia

Olam Group plans to list agribusiness unit in Saudi Arabia

The proposed initial public offering of Olam Agri in Saudi Arabia would be the first listing of a global company in the country

Investcorp

Bahrain’s Investcorp set to invest $1bn in GCC real estate over five years

Investments worth $100m are under consideration in Saudi Arabia

Hajj pilgrim restrictions lifted

Saudi Arabia scraps restrictions on Hajj pilgrim numbers, age limit

People visiting the kingdom with an Umrah visa can now visit any city in Saudi Arabia, and any visitor to the country will be allowed to perform Umrah at any time

PIF adds Diriyah project to its portfolio

Saudi Arabia’s PIF announces Diriyah as its fifth giga project

The sovereign wealth fund’s other giga projects include NEOM, Red Sea, Qiddiya and Roshn 

Saudi jobs growth highest in half a decade

Saudi jobs growth is strongest in half decade amid business boom

Companies are looking to raise their staffing capacity in response to an increase in sales and higher demand

Hotels Courtesy Dubai Media Office

12 stunning new hotels in the Middle East that demand a visit

We look at some of the most interesting hotels scheduled to open in the Middle East in 2023

Saudi Arabia's non-oil exports rise 4% to $6.6bln in October

Saudi Arabia’s non-oil exports rise 4% to $6.6bn in October

Non-oil exports mainly comprised chemical and allied industries, accounting for 41 per cent of the total non-oil merchandise exports

Embracing equity

Saudi Arabia bans abayas in examination halls

The kingdom’s Education and Training Evaluation Commission has said female students will not be permitted to wear loose-fitting, full-length robes at the time of examination

Saudi Arabia, Azerbaijan to establish joint business council

Saudi Arabia, Azerbaijan to establish joint business council

The committee also witnessed the signing of an MoU between the Saudi Fund for Development and the Ministry of Economy of Azerbaijan

Central-Bank passes new AML guidelines for PEP

UAE Central Bank raises base rate by 50 basis points

The US Federal Reserve raised its key interest rate by 50 basis points

Toyota

Saudi’s Abdul Latif Jameel partners with Toyota to personalise automobiles

The joint venture will bring genuine Toyota accessories to the Middle East region, benefitting customers with more choices of accessories

Saudi’s PIF acquires up to 9.5% stake in Skyborn Renewables

The investment will allow the sovereign wealth fund to participate in the acceleration of energy transition and clean energy at an international scale

Service

Regional wealth management firm launches invest now pay later service

The service allows investors to start investing in private markets without funding the entire commitment from day one

Stella Stays

Proptech Stella Stays expands footprint, opens second residence tower in Riyadh

The Olaya Tower 2 offers furnished apartments, a co-working space and other recreational and commercial services

Saudi Arabia’s real GDP grows 8.8% in third quarter

Oil activities in the third quarter increased 14.2 per cent year-on-year

Saudi Arabia's non-oil exports rise 4% to $6.6bln in October

Saudi Arabia sees 2023 budget surplus bump

Revenues are now set to reach SAR1.13tn, slightly more than projected earlier

Saudi’s NEOM unveils first luxury island development

Sindalah will feature a 86-berth marina, while offshore buoys will house superyachts

Saudi Exchange Tadawul

Saudi Exchange launches market-making framework for equity and derivatives markets

This step further enhances the Saudi Exchange’s appeal as an investment destination for investors and issuers, regionally and internationally

Saudi’s Public Investment Fund launches Aseer Investment Company

The new investment arm will attract local and foreign direct investment to develop the Aseer region

PIF subsidiary, ACWA Power to develop MENA’s largest solar plant in Saudi Arabia

The 2,060MW solar plant is set to be developed in Saudi Arabia’s Makkah province

Oracle

Oracle, stc announce business partnership

The announcement came after Oracle’s CEO Safra A. Catz visited stc’s headquarters

Saudi

Saudi Arabia wealth fund raises $17bn loan for refinancing

Public Investment Fund raised the seven-year loan from a syndicate of 25 banks in Europe, the US, the Middle East and Asia

saudi arabia

Saudi PIF-backed EV firm secures site for Foxconn project

Construction on the site, which is near a major Red Sea trading port, will start early next year

Careem

Careem clocks in one billion rides

Careem captains have driven over nine billion kilometres across more than 80 cities in ten years

saudi arabia

Informa, SAFCSP form JV to build global events portfolio in Saudi Arabia

By providing market access, stimulating inbound investment and generating international trade, events can contribute to delivering significant economic stimulus to a country

Qatar Airways

Qatar Airways to resume service to Taif with three weekly flights

The resumption of services marks the airline’s sixth destination in Saudi Arabia

Saudi Arabia elected chair of UNWTO

UNWTO elects Saudi Arabia as chair of Executive Council

The Saudi Minister of Tourism, Ahmed Al-Khateeb, will represent the kingdom as chair of the UNWTO Executive Council