The personal computer and AI server maker plans to build a research and development centre in Riyadh as part of the deal
The kingdom is turning to the debt market to find alternative funding sources to cover an anticipated fiscal shortfall of about $21bn this year
The Afiyah Fund raised the money from a group of Saudi Arabian, GCC and European investors, led by Jada Fund of Funds
Neo Space Group will invest in local and international assets and capabilities, as well as venture capital opportunities
While the dates are tentatively set, final confirmation will come from the official moon sighting committee in Saudi Arabia
The energy firm expects to pay $31bn in dividends, despite reporting lower earnings for the first quarter
The change in rating reflects increased predictability of policies and decision-making processes
COMAC’s planes fly almost exclusively within China and with one Indonesian airline, but the planemaker is looking to expand elsewhere
Tosyali is pursuing investment opportunities in Europe and the Americas as it aims to become one of the world’s top 30 iron and steel producers
Saudi Arabia’s AI authority will train its “ALLaM” Arabic language model using Watsonx, adding new language skills to the firm’s offerings
Saudi Arabia and Japan signed over 30 memorandums of understanding during the bilateral talks between the Crown Prince and Japanese PM
The state-owned group said Saudia would be receiving 54 of the A321neo jets, while flyadeal would acquire 12 A320neos and the remaining A321neos
Crude exports from the world’s largest oil exporter increased 1.5 per cent to 6.413 million barrels per day in March
W Riyadh is expected to feature 210 luxury guest rooms and suites, seven restaurants, retail space, and expansive event and meeting facilities
Despite the volatility in the region, oil prices moved only slightly
Earlier on Sunday, King Salman underwent medical tests at the royal clinics at Al Salam Palace due to high temperature and joint pain
The investment aims to bolster Saudi Arabia’s burgeoning technology ecosystem and support high-growth companies across key sectors
Saudi Manpower Solutions Company (SMASCO) has determined the final offer price at SAR 7.5 per share for its IPO
The strategy will see the company increase the number of its 5G network sites in the country to more than 7,000
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