#Saudi Arabia

Green bonds still have a long way to go to dent climate crisis

Global sales of green bonds hit a record $513bn last year

Dubai Islamic Bank targets growth, scouts out deals

The lender reported its profit jumped 33 per cent in 2021 to Dhs4.4bn

Saudi Arabia airport

Saudi mandates Covid-19 booster shot for citizens travelling abroad

The directive will be put into effect from 1am on February 9, 2022

Mobily partners with Ericsson to expand 5G industry use cases in Saudi Arabia

The collaboration will showcase the importance and capabilities of private networks in a variety of industries

Saudi pharmacy chain seeks $1.3bn in top IPO since Aramco

The firm received regulatory approval for the listing in December

Saudi unveils $1.1bn programme for digital content creation, media production

The ‘Ignite’ initiative will offer several incentives such as financial support for local, regional and international companies and startups

In pics: Day two at Saudi’s global technology platform LEAP22

Saudi Arabia is hosting its largest-ever technology event, LEAP, from February 1-3 at the Riyadh Front Expo Centre

Saudi Telecom spins off data centre, cable assets to new firm

Saudi Telecom already spun off its internet services unit and listed it on the kingdom’s stock market last year

Flags of all 6 GCC member states, Doha, Qatar.

GCC economies to bounce back in 2022: MUFG Research

Forecast shows GDP to grow at 6.1 per cent this year; with the GCC surplus to reach $27bn

In pics: Day one at Saudi’s largest-ever tech event LEAP22

The event is being held at the Riyadh Front Expo Centre from February 1-3 and will feature over 400 expert speakers

LEAP22: Saudi Arabia unveils over $6.4bn in technology and startup investments

NEOM Tech & Digital Co. launches XVRS cognitive metaverse and M3LD data management platform as part of a $1bn investment

Saudi arabia riyadh

Saudi Arabia’s Elm draws $57bn in institutional orders

Local investors placed orders worth SAR206bn

Global edtech Cuemath expands to Saudi Arabia

Cuemath, backed by Google, launched its operations in the UAE in June 2021

Saudi’s Royal Commission for AlUla launches autonomous pod vehicle service

Pilot scheme for fully automated electric passenger pod will ferry people between the south entrance to AlUla’s Old Town and south car park

Saudi Investment

Saudi wealth fund rakes in $5bn as demand for stocks booms

The Saudi benchmark index has jumped about 9 per cent this year

Here’s how HP ProBook 650 G8 is meeting the needs of businesses in Saudi Arabia

Through its broad range of products, HP aims to help businesses operate with increased safety standards while also providing the best performance

Public cloud gains pace in the MENA region

With cloud computing gaining traction during the pandemic, players like Oracle have stepped up and demonstrated their commitment to the region through the opening of cloud regions

Saudi’s PIF launches Savvy Gaming Group to spur gaming, esports sector

The group aims to be the leading national and international gaming and e-sports company

Saudi Investment

Saudi’s largest-ever tech event, LEAP, to take place in February

The event will be held at the Riyadh Front Expo Centre from February 1-3 and will feature over 400 expert speakers across six conferences

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Gaming consumption in Saudi Arabia projected to reach $6.8bn by 2030

Gaming will increase by an average of 22 per cent compound annual growth rate in the kingdom, according to new Boston Consulting Group report

Saudi Arabia plans to keep debt stable as oil income surges

Euro-denominated outstanding debt is currently around 2 per cent of the kingdom’s overall portfolio

Saudi fund’s digital security firm seeks $820m from IPO

The IPO comes as countries in the Middle East step up efforts to sell shares in private companies and boost liquidity on their stock markets

Banking across the GCC: Carving out a new future

Growing customer awareness and the recent global health crisis have encouraged regional banks to ramp up their offerings 

Saudi Company for Artificial Intelligence launches operations

PIF-owned SCAI will foster innovation in strategic sectors and accelerate key national technological priorities

Saudi Crown Prince unveils new hospitality brand to revive kingdom’s heritage

The Boutique Group will transform historic and cultural palaces into luxurious boutique hotels in Saudi Arabia

Amazon University Esports to expand to UAE, Saudi Arabia with MENATech

This will be UAE’s and Saudi Arabia’s first educational esports league

Landmarks Of The City Of Riyadh, Kingdom Of Saudi Arabia

Sequoia picks Saudi fintech for first Gulf deal as foray expands

Sequoia is deepening its presence in the Middle East after recently backing companies from Turkey to Egypt

Mubadala Energy

Dwindling OPEC+ spare capacity sets oil up for sizzling summer

Last month, the 10 OPEC nations in the accord managed only 60 per cent of their stipulated 250,000 barrel-a-day increase

Saudi oil minister says he’s unconcerned about rise in prices

Brent crude’s climbed 11 per cent since the end of December to above $86 a barrel

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Proven Robotics opens first robotics training centre in Saudi Arabia

The new facility will also provide customers original spare parts, onsite troubleshooting, in-house maintenance services