#Saudi Arabia

Riyadh Air

Riyadh Air to announce narrowbody plane order in coming weeks

The PIF-owned airline has previously placed an order for 72 Boeing 787 widebody jets in anticipation of its launch date

Saudi Arabia’s PIF invests $31.6bn in 2023

Saudi Arabia expands investor e-visa to all countries

The list includes individuals who have a valid tourist or commercial visa from the US, the UK or any Schengen country

IHG opens Makkah’s largest hotel (Image: Supplied by IHG Hotels and Resorts)

IHG opens Makkah’s largest hotel

The voco Makkah hotel is a 4,321-key property with 20,000 sqm of dining facilities

oil

Saudi to continue voluntary cut of one million oil barrels a day in December

Based on the voluntary cut, the kingdom’s production in December will be approximately nine million barrels per day

The Helicopter Company and GIB sign loan facility deal_Image Supplied

PIF’s The Helicopter Company, GIB-Saudi Arabia ink SAR800m Murabaha loan facility deal

The funds from this loan facility will support The Helicopter Company’s ongoing investments in cutting-edge aircraft and infrastructure

Arabian Drilling posts SAR920m on higher rig activity

Arabian Drilling’s Q3 revenue surges by 16% on higher rig activity

The company’s Q3 2023 net income remained flat QoQ, with the increase in operating profit mostly offset by higher finance costs

Lucid slashes prices amid EV price wars

Lucid cuts prices of electric sedans for limited time amid EV price wars

The automaker slashed the price of its Air Touring model to $87,500 and the more powerful Grand Touring by $10,000 to $115,600

saudi-india-meet cricket

Saudi Arabia looking to invest billions in Indian Premier League: Report

Talks were held when Saudi Arabia’s crown prince visited India in September for the G20 Summit

Middle East alternative asset manager Investcorp sets IPO price range for vehicle

Middle East alternative asset manager Investcorp sets IPO price range for vehicle

The vehicle plans to offer 643 million ordinary shares and wants to list on the Abu Dhabi Securities Exchange

Flynas acquires four new Airbus A320neo aircraft (Image: Supplied by flynas)

Flynas acquires four new Airbus A320 neo aircraft

It now has 60 aircraft, with the A320 neo variant making up 70 per cent its overall fleet

Saudi Arabia’s stc Group 9.9% Telefonica stake

stc Group sticks to plan for 9.9% Telefonica stake, sources say

The telecoms operator amassed a EUR2.1bn ($2.23bn) stake, consisting of 4.9 per cent of Telefonica’s shares and financial instruments in September

Six Senses to open property in AlUla (Image: Supplied by Six Senses)

Six Senses AlUla to open by 2027 in Saudi Arabia

The property will feature 100 guest villas and 25 residences

Democrance Expands Presence in Saudi Arabia Image Supplied

Global insurtech firm Democrance expands footprint in Saudi Arabia

Democrance helps insurers increase their digital sales and access new customer segments

Red Sea Global unveils Thuwal Private Retreat – a new luxury private island destination Image RSG

Red Sea Global unveils new luxury private island destination in Saudi Arabia

The buy-out only island resort will offer travellers premium luxury and hyper-personalised private experiences from early 2024

ACWA Power and Dutch Companies sign MoU Image Acwa Power

ACWA Power, Dutch entities to explore green hydrogen export corridor

The parties will collaboratively explore the establishment of a green hydrogen export corridor between ACWA Power’s hydrogen production sites and the port of Amsterdam

 

Saudi Arabia economy growth

Saudi Arabia launches Esports World Cup 2024

This ambitious undertaking underscores Saudi Arabia’s commitment to becoming a global leader in the esports arena

UAE work

Survey shows 25% of employees in UAE, Saudi Arabia changed jobs last year

More than a third of the employees surveyed in the UAE and the kingdom expressed dissatisfaction with their current employee benefits packages

GCC unified visa

GCC unified tourist visa to be introduced soon: UAE minister confirms date

The new visa will open doors to travellers, granting them access to six countries under a single, unified tourist visa, and foster economic synergy across the GCC

red sea

Strait of Hormuz: The world’s most important oil artery

About a fifth of the volume of the world’s total oil consumption passes through the Strait on a daily basis

Saudi Arabia launches bus services project to connect 200 cities Image Saudi Press Agency

Saudi Arabia launches major bus services project to link 200 cities, provinces

The bus services project is expected to add SAR3.2bn to the kingdom’s gross domestic product.

Saudi Arabia extends e-visas to 63 countries GettyImages-1464744716-1

Visit visa update: Saudi Arabia e-visa offering now extends to 63 countries

Saudi visit visas are now available to citizens of Türkiye, Thailand, Panama, Saint Kitts and Nevis, Seychelles, and Mauritius

Saudi Arabia to host esports and gaming conference Image GettyImages

Saudi Arabia to host major gaming and esports conference

The specialised gaming and esports event will be co-hosted by the Saudi Esports Federation and Saudi Arabia Ministry of Sport in Riyadh on October 23

Saudi Arabia launches Ardara and AlWadi Image Supplied

Saudi Arabia launches ARDARA and lifestyle destination AlWadi in Abha region

ARDARA aims to provide investment and partnership opportunities for investors in hospitality, arts, culture, food and agriculture, retail and entertainment

InFlavour Food and Beverage Expo

Saudi Arabia to host InFlavour Food and Beverage Expo in October

A joint venture of Tahaluf and the Ministry of Environment, Water and Agriculture, the event is a key and influential platform for regional and global players in the food and beverage sector

Saudi Arabia - Riyadh Image Getty Images

Saudi Arabia: Inflation eases further in Sept to 1.7%, marks drop from Aug

The main driver of CPI inflation in September was higher prices of housing, water, electricity, gas and other fuels, and restaurant and hotel prices

Image courtesy Red Sea Global

Red Sea Global reveals airport facelift as first project in expanded portfolio

Red Sea Global has been commissioned to carry out refurbishment works at Al Wajh Airport in Saudi Arabia

NEOM unveils Leyja Image NEOM

NEOM unveils Leyja, a new sustainable tourism destination

The destination will feature three hotels designed to complement the surrounding nature, operate sustainably, and provide unique experiences

new Abha Airport Terminal masterplan launched

Saudi Crown Prince unveils master plan for new Abha International Airport

Expected to handle more than 90,000 flights per year, the new airport will feature 20 gates, along with 41 check-in counters and seven self-service check-in kiosks

Flynas announces seven new routes from Madinah (Image: Supplied by flynas)

Flynas announces seven new routes from Madinah

It takes the total number of routes operated by the low-cost carrier from Madinah to 11

IMF on Saudi Arabia economy

IMF cuts Saudi Arabia’s growth forecast for 2023

It has gradually lowered its overall growth forecasts for Saudi Arabia, the world’s biggest oil exporter, over the course of this year