#Saudi Arabia

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Spinneys expands regional footprint with new store in Riyadh

The supermarket chain plans to expand its presence in Saudi Arabia, with up to 12 new stores scheduled to open in the kingdom by 2028

Riyadh Saudi Arabia

Saudi Arabia’s tech renaissance: Insight

Through regulatory frameworks and policy initiatives, Saudi Arabia has emerged as a burgeoning hub for digital advancement, writes Tech Mahindra’s COO

An Our Habitas property in Al Ula, Saudi Arabia

Ennismore integrates sustainable hotel brand Our Habitas into portfolio

Ennismore will take over the management and growth of Our Habitas, integrating it into its global collective of entrepreneurial, founder-built brands

air taxi EHang

Saudi Arabia: World’s first licensed autonomous air taxi takes flight during Hajj 2024

The autonomous flight was conducted by EHang Holdings in collaboration with Saudi-based Front End

Embraer sees Saudi Arabia and India as strategic defence markets

Embraer sees Saudi Arabia, India, EU, US as strategic defence markets

A potential Saudi purchase could involve 25 units, and the planemaker expects the country to make a decision in two to four years

How the GCC region is powering into the future

How the GCC is fueling the transition to clean energy

The energy transition presents the GCC region with opportunities for climate change mitigation and adaptation as well as economic diversification

Dubai-based mining firm to enter Argentina lithium market

Chile says Saudi mining minister to visit, lithium expected on agenda

Chile is the world’s second-largest producer of lithium

flyadeal gets 33rd aircraft delivery. the company received the aircraft at the Toulouse facility Image Supplied

Saudi low cost carrier flyadeal increases fleet size

With the addition of the latest Airbus A320neo, the carrier has increased its fleet size to 33 narrowbody jets

NEOM Capella in Elanan_Image_1

Saudi Arabia: Capella Hotels announces wellness-themed resort at NEOM

Capella’s renowned wellness experiences are tailored to individual needs and utilise lunar phases as a guiding principle

SMASCO lists on Saudi tadawul after IPO getty-Images

Saudi’s SMASCO lists on Tadawul following successful IPO

The final offer price was set at SAR7.50 per share, at the top end of the price range, raising gross proceeds of approximately SAR900m

Saudi Arabia, Qatar - GCC

Qatar-Saudi relations flourish with surge in business activity

For Qatar, a top liquefied natural gas exporter, it is a chance to strengthen ties with its Arab neighbour, as well as try to diversify its economy

Brent oil price forecast Bloomberg GettyImages-1384536093

Saudi crude oil exports to China to fall for 3rd straight month in July: Reports

July exports are expected to be down from about 39 million barrels in June, possibly the lowest levels for the year, say reports

Antony-Blinken-Israel

Antony Blinken back in the Middle East to discuss ceasefire proposal

This marks Blinken’s eighth trip to the region since the conflict erupted in October 2023

Cathay Pacific to connect Hong Kong with Riyadh

Cathay Pacific to launch flights connecting Hong Kong with Riyadh

The new service is expected to offer more travel options while promoting business, trade and tourism opportunities

Saudi Arabia’s Q1 GDP contracts by 1.7%

Saudi Arabia’s Q1 GDP shrinks estimated 1.7% YoY

Oil activities were down 11.2 per cent in the first quarter versus the previous year, while non-oil GDP grew 3.4 per cent year on year

Aramco allocate about 60% of share sale to foreign funds

Over half of Aramco share sale allocated to foreign investors

International demand for the secondary share sale was greater than for Aramco’s IPO in 2019

Crown Prince Mohammed bin Salman joins long guest list for G7 summit

Saudi Arabia’s Crown Prince Mohammed bin Salman joins long guest list for G7 summit

The unusually long guest list reflects Italy’s desire to broaden the horizons of the G7, a club of wealthy democracies

Aramco to raise $11.2bn from stock offering

Saudi Aramco set to raise $11.2bn after selling shares at lower end of expectations

The oil behemoth’s shares were priced at $7.27 (SAR27.25), near the bottom of a SAR26.7 to SAR29 range used in marketing the sale

Sinopec reportedly secures $1.1bn contract to construct gas pipelines for Aramco

Sinopec reportedly secures $1.1bn contract to construct gas pipelines for Aramco

The contract is for the procurement and construction of the third phase of the master gas system in Saudi Arabia

Saudi Arabia set to raise over $11.2bn from Aramco stock offering

Saudi Arabia set to raise over $11.2bn from Aramco stock offering

The state-owned energy firm’s bankers have told investors it plans to price the shares at $7.27 (SAR27.25) each

hijri islamic new year

Moon sighting: Eid Al Adha 2024 dates announced by Saudi Arabia

Saudi Arabia’s Supreme Court had called upon Muslims in the kingdom to sight the crescent Moon on Thursday evening

Saudi oil minister

OPEC+ could revise oil supply deal if needed, ministers say

OPEC+ is currently cutting production by about 5.7 per cent of global demand to bolster the market

Saudi Arabia joins China and UAE in mBridge project

Saudi Arabia joins central bank digital currency project mBridge

The initiative was unveiled in 2021 to pilot cross-border payments in digital currencies issued by central banks

Hajj

Saudi Arabia warns of a hot Hajj this year with temperatures reaching 48 degrees C

The weather authority has implemented a comprehensive plan to monitor weather conditions around the clock across the holy sites during the Hajj

In numbers: Saudi Arabia poised for EV boom, reveals survey

In numbers: Saudi Arabia poised for EV boom, reveals survey

Saudi Arabia has significant growth potential for battery-electric vehicles, with 71 per cent of consumers “very” or “moderately” likely to purchase a BEV this year, the AlixPartners study showed

Aramco in LNG talks with US firms Tellurian, NextDecade

Saudi Aramco holding LNG talks with US firms Tellurian, NextDecade

The state-owned energy firm seeks to strengthen its position in the global LNG market, which is set to grow globally by 50 per cent by 2030

Saudi’s flyadeal takes possession of 30th aircraft (Image: Supplied by flyadeal)

Saudi flyadeal looks at adding Airbus or Boeing wide-body jets

The Airbus narrow-body jets purchased by flyadeal in its recent order can seat up to 240 people

stc Group considers possible offer for United Group

Saudi Arabia’s stc Group considers possible offer for United Group

If the Saudi telecoms giant succeeds with a deal for United Group, it will further its expansion into Europe

Saudi Arabia seeks up to $12bn in Aramco share sale

Saudi Arabia sets up new Aramco share sale that could raise $13.1bn

The deal’s value could rise to $13.1bn at the top end under a greenshoe option, which would allow the sale of nearly 1.7 billion shares

Aramco may announce landmark $10bn share sale Sunday

Aramco’s $10bn secondary offering set for Sunday, says report

The share offering is expected to be priced at a further discount of as much as 10 per cent to the trading price