#Saudi Arabia

qualcomm, aramco, rdia partner to launch DISA to support saudi hi-tech startups GettyImages-1241753513

Qualcomm, Aramco, RDIA launch incubator for high-tech startups

The DISA programme will build upon Qualcomm’s successful track record of similar initiatives in regions such as Taiwan, India, Vietnam and Africa

Saudi Arabian Mills sets IPO price range, seeks to raise $271m

Saudi Arabian Mills prices IPO at top of indicated range to raise $271m

The milling firm said that the retail subscription period will run from September 18 to September 19

leadership - Middle East

5 key strategies for business success in the Middle East

Despite regional flux, up to 42 per cent of UAE-based regional CEOs expect double-digit growth in 2024 indicating a thriving business environment, as per an EMIR survey

Dubai, Abu Dhabi rankings rise global real estate transparency index: JLL

Dubai, Abu Dhabi rise in global real estate transparency index

Dubai and Abu Dhabi have continued to enhance their data and service offerings through the REST and DARI platforms

Saudi Arabia’s real GDP shrinks by 0.3% in Q2 2024, oil weighs

Saudi Arabia’s real GDP shrinks by 0.3% in Q2 2024, oil weighs

The kingdom’s seasonally adjusted real GDP grew by 1.4 per cent compared to Q1 2024, as non-oil activities rose by 4.9 per cent YoY

NielsenIQ H1 report reveals region's split shopper preferences

NielsenIQ H1 report reveals region’s split shopper preferences

According to the NielsenIQ H1 report, UAE shoppers exhibit a stronger loyalty to brands, often seeking promotions on their preferred choices

Saudi Arabia sees Italy as partner of choice on green products

Saudi Arabia sees Italy as partner of choice on green products

The kingdom aims to grow its production capacity for low-carbon products to diversify away from oil and gas business

Fourth Milling Company to float IPO on Saudi's Tadawul Image for illustrative purposes GettyImages-1255343916-e1723528847456

Fourth Milling Company to float IPO on Tadawul

The company has a robust presence in the Saudi flour market, and it is known for its premium FOOM brand, which holds the largest market share

Saudi Arabia scraps hotel licencing fees in bid to boost tourism

Saudi Arabia scraps hotel licencing fees in bid to boost tourism

The initiative is part of the Tourism Investment Enabler Program that is aimed at making Saudi Arabia a global tourism powerhouse

Huawei Cloud fuels Saudi Arabia’s AI-driven digital leap

Huawei Cloud drives Saudi Arabia’s digital transformation with AI

Huawei Cloud’s low latency of 25 milliseconds across Saudi Arabia demonstrates its commitment to delivering high-performance AI services

ACWA Power and SEWA to build IWP Image supplied

ACWA Power, SEWA ink deal for Sharjah’s first independent water project

ACWA Power, a leader in energy transition and a pioneer in green hydrogen, will design, build, own, operate, and maintain the Hamriyah IWP

Aramco maintains 10% stake in Renault-Geely JV, eyes more partnerships

Aramco plans to maintain 10% stake in Renault-Geely JV, eyes more partnerships

The state-owned energy firm is expected to finalise the stake purchase later this year

Huawei Cloud drives Saudi Arabia’s Vision 2030

Huawei Cloud commits to accelerate realisation of Saudi Vision 2030

Huawei Cloud has served over 300 clients in Saudi Arabia, including government agencies, telecom providers, fintech firms and media outlets

GE Vernova acquires GESAT

GE Vernova acquires Saudi’s GESAT after Dussur share sale

GESAT has produced over 200 gas turbine modules, supporting power generation in up to 10 countries, including Saudi Arabia

Here are all the key partners & sponsors at 24 Fintech 2024

Here are all the key partners & sponsors at 24 Fintech 2024

24 Fintech aims to be the premier fintech event, platform, and community in Asia, Europe, and the MENA region

In numbers: Saudi Arabia’s 24 Fintech 2024

In numbers: Saudi Arabia’s 24 Fintech 2024

To mark the fintech sector’s growing importance and in line with Saudi Arabia’s Vision 2030, the inaugural 24 Fintech 2024 event is set to take place from September 3-5

24 Fintech: Don’t miss these 3 industry leaders in Riyadh

24 Fintech: Don’t miss these 3 industry leaders in Riyadh

The flagship fintech event is expected to attract over 26,000 attendees, 300 exhibitors, and 200 investors

How Saudi fintech firms are fueling economic development

24 Fintech: The role of Saudi fintech firms in economic development

Fintech remains one of the most popular sectors for venture capital investments in terms of deal volume

FIntech revolution GettyImages-852000488

Industry insights: How Saudi Arabia’s fintech scene is evolving

The region’s fintech sector is rapidly transforming, driven by strong investments, supportive regulations, and visionary initiatives like Saudi Arabia’s Vision 2030. As the sector grows, industry leaders share their insights on what lies ahead

Saudi Arabia welcomes 60 million visitors in H1 2024

Saudi Arabia is building its own AI models — and this is helping Nvidia

Countries adopting their own AI applications and models will contribute about low double-digit billions to Nvidia’s revenue

Esports, gaming’s share to Saudi GDP seen at $13.3bn by 2030

Saudi esports, gaming sectors to boost GDP by $13.3bn

Saudi Arabia will host the inaugural Olympic Esports Games in 2025 under a 12-year partnership agreement with the International Olympic Committee

PIF secures $15bn loan from global syndicate Image for illustrative purposes GettyImages-910730068

Saudi’s PIF secures $15bn loan from global syndicate

The facility agreement was signed with a diverse global syndicate of 23 international financial institutions

flynas boosts UAE network, with 8 destinations and routes

flynas boosts UAE network, with 8 destinations and routes

The budget carrier will add three more UAE destinations, including Al Maktoum International Airport, Shaikh Zayed International Airport and Sharjah International Airport

Al Majed for Oud seeks to raise $188m from IPO

Saudi Arabia’s Al Majed for Oud seeks to raise $188m from IPO

Al Majed for Oud is offering 7,500,000 shares to investors – equivalent to 30 per cent of the company’s paid-up capital – at a price range of SAR90 to SAR94

Water decarbonisation and its importance to saudi's net zero journey -GettyImages

Water decarbonisation: A ‘smart’ approach to Saudi’s net-zero goals

Abdulaziz Daghestani looks at how the kingdom is addressing climate change while ensuring resource efficiency and reliable water supply in its cities

Saudi Arabia’s non-oil exports rise by 10.5% in Q2 2024

Saudi Arabia’s non-oil exports rise 10.5% in Q2 2024

National non-oil exports, excluding re-exports, grew by 1.4 per cent in Q2 2024, while the value of re-exported goods surged by 39.1 per cent over the same period

Riyadh Metro launch imminent, says Saudi transport minister

The opening of the Riyadh Metro is just around the corner, says the country’s minister of transport and logistics

US weapons sales to Saudi Arabia

Why is the US lifting its ban on offensive weapons sales to Saudi Arabia?

The Biden administration briefed Congress on the decision with reports indicating that weapons sales could resume as early as this month

Saudi Arabia’s Arabian Mills to list 30% stake in Riyadh

Saudi Arabia’s Arabian Mills plans to list 30% on Tadawul

The milling is offering the shares in two tranches — to institutional investors and retail investors — between September 1-19

Saudi heallthcare company Dallah acquires Ayyan Investment company's stake in 2 companies GettyImages/ Image for illustrative purposes

Saudi’s Dallah Health to acquire stakes in Al Ahsa, Al Salam Medical Services

Dallah will issue 3.89 million shares to Ayyan as part of the capital increase, valued at SAR660m