CBRE has expanded its offerings as well as operations as the GCC sees a real estate boom backed by economic versatility and government investment programmes
The move is in line with the strategy to establish an entertainment, sports and culture powerhouse in the kingdom
The pricing of SAR57.5 per share implies a market valuation of around SAR13.3bn at listing
The company’s gross profit surged by more than 15 per cent YoY to reach Dhs336m in Q1 2024
The shift to digital payments is more pronounced in Saudi Arabia, the UAE and Kuwait – where the preference for cash has dropped significantly
The visit is a continuation of long-standing engagement between the US and this region
The UAE’s Parkin Company raised the highest proceeds in the region for the quarter at $0.4bn
Jaumur is an exclusive residential community that aims to accommodate 6,000 residents
A new ETF tracking Saudi equities was listed in Hong Kong last year, becoming the first product of its kind in Asia
The firm plans to invest $100bn by 2030 to develop key partnerships and build advanced manufacturing capabilities
The oil major reported a 14 per cent decline in first-quarter net income to $27.3bn in the three months to March 31
The expansion increases the number of routes between Saudi Arabia and the UAE to nine, and daily flight frequencies to more than 20
The partnership seeks to implement and activate joint initiatives to advance research, deliver innovation and enhance the visitor experience
The fintech firm is offering 5.3 million new shares and 17.4 million existing shares to investors – equivalent to 30 per cent of the company’s paid-up capital
Oil revenues reached SAR181.9bn, while total revenues were SAR293.4bn as non-oil revenues edged higher, although oil still dominates
The statistics authority estimated that oil activities plunged by 10.6 per cent in the first quarter compared to the same period a year ago
SABIC’s fall in net profit is attributed to lower revenues, lower results and losses from discontinued operations
Recent survey results show a direct link between English language skills and higher salaries in the kingdom
Saudi Arabia’s General Directorate of Civil Defence said that most parts of the kingdom will experience moderate-to-torrential thundershowers this week
The investment platform seeks to accelerate the growth of capital markets in Saudi Arabia
John Pagano tells Gulf Business how “nature and the environment”, the most valuable assets on the company’s balance sheet, differentiate RSG from other destinations
Blinken is expected to meet with senior Saudi leaders and hold a wider meeting with counterparts from five Arab states – Qatar, Egypt, Saudi Arabia, the UAE and Jordan
The facility will support NEOM’s short-term financing requirements as it advances the development of major projects such as THE LINE
Saudi Arabia is accelerating efforts to diversify its economy away from oil under a plan known as Vision 2030
The four-year deal will see Aramco become a worldwide partner of FIFA, including in major tournaments such as the World Cup 2026
Under the new arrangement, nationals of Saudi Arabia, Oman, and Bahrain will be eligible for five-year multiple-entry Schengen visas
Ritz-Carlton Reserve has only six properties in destinations including Thailand, Indonesia, Puerto Rico, and Mexico
A development cost of $37.8bn is expected by 2030 toward infrastructure, tourism transformation and real estate, according to industry data released ahead of the Future Hospitality Summit Saudi Arabia
The healthcare group plans to offer 30 million new shares and 19.8 million existing shares to investors – equivalent to 21.47 per cent of the company’s paid-up capital
Miahona was established as one of the first proponents of the public-private partnership (PPP) model in the kingdom