#Saudi Arabia

Aramco and ACWA Power look to join Saudi carbon trading exchange

The kingdom’s sovereign wealth fund signed non-binding memorandums of understanding with five companies

KFC Operator

Middle East KFC operator starts early talks over listing

Discussions are ongoing, but no advisers have been hired

Biggest Saudi listing since Aramco surges on trading debut

Nahdi’s IPO is the largest listing in the kingdom since Saudi Aramco raised almost $30bn in 2019

Bahrain sees higher oil helping it beat budget balance target

The International Monetary Fund estimates Bahrain needs oil prices of around $107 a barrel to balance its budget

Resecurity introduces dark web intelligence in Saudi Arabia

The US-based company recently exhibited their solutions and shared their expertise at the World Defense Show in the kingdom

Japan asks UAE to boost oil output

OPEC+ is reviving supplies after its deep cuts at the start of the pandemic in 2020

Saudi ukraine visas

Saudi Arabia to extend visas of Ukrainians in kingdom

The visas will be extended without any fees charged and will be done so automatically

Dar Al Arkan Elie Saab

Dar Al Arkan teams up with Elie Saab for new residential project in Qatar

Les Vagues will feature 70 one-, two- and three-bedroom sea-front residences

Saudi Arabia to start building green hydrogen plant in NEOM

The NEOM project, called Helios, is led by a consortium including Air Products and ACWA Power International

Saudi Arabia’s real GDP grows 3.2% in 2021

The kingdom’s real GDP grew by 6.7 per cent in the fourth quarter of 2021

UAE’s e& offers to boost stake in Mobily in $2.12bn deal

E& offered SAR47 a share for a higher stake in Mobily, a 22.2 per cent premium to its Tuesday’s closing price

Four trends to reboot the GCC construction sector in 2022

Rising up to these opportunities will not only offer up success, but set early-movers apart as industry role models

Cover Story: How Informa Markets is putting the Middle East region on the global map

From being hit hard during the Covid-19 pandemic to organising LEAP22, Mike Champion and Annabelle Mander of Informa Markets, tell us how their company’s resilience has helped them successfully deliver some of the region’s top live events

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How technology will inevitably play an important role in Saudi Arabia

The kingdom recently announced over $6.4bn of investments in future technologies and entrepreneurship at LEAP, the largest tech event in Saudi Arabia

Riyadh

Saudi oil refinery targeted in drone attack

The strike on the facility in Riyadh on Thursday morning did not result in any injuries, while the supply of oil from it remained unaffected too

Cisco Saudi Arabia and Sultan Bin Abdulaziz Humanitarian City collaborate

The MoU aims to develop cooperation in digital transformation and explore ways to accelerate digital health services to patients

Saudi Arabia’s first movie chain plans landmark IPO

Muvi Cinemas is Saudi Arabia’s first homegrown cinema brand

Dr. Maryam Ali Ficociello, Chief Governance Officer at The Red Sea Development Company

Women in business: How empowering women will in turn power our economies

Simply recruiting more females is not enough

Trojena NEOM

Trojena: All you need to know about Saudi’s new mega tourism project

Trojena which will include the GCC first outdoor ski resort is expected to create more than 10,000 jobs and add SAR3bn to the kingdom’s GDP by 2030

Women in business: How diverse perspectives deliver greater profitability

Strong leadership has nothing to do with gender, feminism or politics – and everything to do with outperforming on both profitability and value creation

Buy-now-pay-later provider tabby secures $54m in funding

The investment will support tabby’s international expansion plans

Sophia

Sophia, the first intelligent humanoid robot, to debut in Dubai

Saudi Arabia granted her citizenship in October 2017

Saudi Arabia

Saudi lifts Covid-19 restrictions, scraps PCR testing requirement for incoming travellers

Social distancing measures in all open and closed places, activities, and events have also been suspended

Saudi Arabia to get its first Spinneys store

The first store is expected to launch in Riyadh in the first quarter of 2023

Saudi tech firm Master Works clinches $40m investment deal

The company, which has its headquarters in Riyadh and a presence in Egypt, UAE, Jordan and India, has served more than 140 clients in Saudi Arabia

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Here are the top mobile marketing trends for 2022

Consumer engagement and hyper-personalisation are expected to remain key factors in a changing digital world

Bahrain to hire advisers for privatisation of state oil firms

Bahrain produces about 200,000 barrels a day

Saudi oil discovery

Saudi announces discovery of natural gas fields across four regions

Saudi Aramco has discovered the five fields that can produce over 100 million cubic feet per day of natural gas in total 

UAE’s non-oil foreign trade rises 27% in 2021

China ranked first as the country’s largest trading partner in 2021

Special report: How the GCC is poised to develop as a major destination market for global tourism

The region is building its infrastructure and programmes to transform into a major tourist destination over the next few decades