#Saudi Arabia

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

Saudi Arabia takes a step further in its FIFA World Cup bid

Saudi Arabia submits letter of intent to host 2034 FIFA World Cup

More than 70 FIFA member associations have pledged their support since the kingdom declared its bid for the tournament

unified GCC tourist visa

Oman backs unified GCC tourist visa: Ministers set Dec deadline

The meeting saw ministers of the Gulf countries agree to submit their views on a proposed unified GCC tourist visa for the six member states

Saudi Arabia’s PIF, SEC set up EV infrastructure company

Saudi Arabia’s PIF, SEC set up EV infrastructure company

The wealth fund will hold a 75 per cent shareholding in the company, while the SEC will own the remaining 25 per cent stake

MUNJZ SME facilities management

Munjz: Embracing digital transformation of facilities management in Saudi Arabia

Saudi startup Munjz takes on the mantle of digitalising the facilities management industry in the kingdom as it races to compete in the built industry on a global scale

Jisr closes $30m investment round led by Merak Capital

Saudi Jisr successfully closes $30m investment round by Merak Capital

Jisr, founded in 2016, caters to 16 sectors and operates from its offices in Riyadh and Hadhramaut

Saudi’s flynas acquires five additional A320 neo aircraft (Image: Supplied by flynas)

Saudi’s flynas acquires five additional A320 neo aircraft

It has received a total of 11 A320 neo aircraft this year, with eight more expected to arrive before the end of 2023

Saudi Arabia launches bid to host FIFA World Cup 2034

Saudi Arabia launches bid to host FIFA World Cup 2034

The kingdom has qualified for the iconic tournament on six occasions since 1994 – most recently in 2022

Hajj 2024

UAE announces Hajj 2024 registration dates

The annual pilgrimage to the holiest city in Islam takes place during the Islamic calendar month of Dhu Al Hijja which is expected to fall in June next year

China grants Saudi Arabia Approved Destination Status

China grants Saudi Arabia Approved Destination Status

Saudi Arabia aims to attract three million Chinese travellers by 2030

PIF launches Al Balad Development Company to develop Jeddha Historic District Image courtesy PIF X

Saudi’s PIF sets up Al Balad Development Company to transform Jeddah’s historic district

The company will follow leading urban planning and environmental sustainability standards to preserve the area’s unique heritage

EFG Holding’s Valu to launch in Jordan in early 2024

EFG Holding’s Valu to launch in Jordan in early 2024

The fintech firm said its expansion into Jordan is at an advanced preparation stage

Saudia rebrands

Saudia rebrands for a ‘tech-driven future’: Take a look at the new colours, logo

The new colours hold deep symbolism representing the authenticity of the Saudi identity

Saudi unemployment plunges to 4.9% in Q2 2023

Saudi unemployment plunges to 4.9% in Q2 2023

The unemployment rate for female citizens fell to 15.7 per cent, from 19.3 per cent a year ago

Aramco acquires stake in EIG’s MidOcean Energy

Aramco enters global LNG market with stake in MidOcean Energy

The energy firm has the option to increase its shareholding and associated rights in the future

BAT-alexandre ghanem

Insights: Transforming for a better tomorrow

A collaborative and stakeholder inclusive approach is required to further advance the concept of tobacco harm reduction in the kingdom

Lucid opens Saudi Arabia’s first car production facility

Lucid opens Saudi Arabia’s first car production facility

The new facility will assemble Lucid Airs, with an initial capacity to produce 5,000 units a year

SFD _Saudi fund for development and AIIB sign contribution agreement

Saudi’s SFD to contribute $10m towards development projects in Asia

Since 1975, SFD has funded more than 700 development projects worth $18.7bn in over 90 countries around the world

EFG Hermes concludes advisory on Lumi Rental’s $290m IPO

EFG Hermes concludes advisory on Lumi Rental’s $290m IPO

The offering marks EFG Hermes’ fifth IPO this year and is the latest in a series of transactions the investment bank has advised on in the GCC region

Saudi Arabia’s SAL Logistics IPO could fetch $678m

Saudi Arabia’s SAL Logistics seeks to raise $678m from IPO

The logistics firm set the price range at SAR98 and SAR106 per share, implying a market capitalisation on listing of as much as SAR8.5bn

Marriott announces two new properties in NEOM’s Trojena (Image: Supplied by NEOM)

Marriott announces two new properties in NEOM’s Trojena

It will include Saudi Arabia’s first W Hotel and a JW Marriott property too

Value of MENA’s hotel, residential projects top $1.9tn

Value of MENA’s hotel, residential projects top $1.9tn

The influx of new hospitality and tourism-related projects in the region is fostering new trends that add value and efficiency

IMF on Saudi Arabia economy

Saudi economy enters trillion dollar club: report

According to the IMF, the Saudi economy was the fastest growing among the Group of Twenty (G20) member states in 2022

Saudi Arabia

Saudi Arabia to mark National Day 2023: Date, theme, significance and celebrations

Saudi National Day is celebrated to mark the unification of Hejaz and Najd into  one unified kingdom

Mohammed bin Salman

Saudi Crown Prince Mohammed bin Salman’s interview with Fox News: US, Israel, golf and more

The interview conducted by TV host Bret Baier touched upon a range of international issues

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

Saudi’s flyadeal takes possession of 30th aircraft

The 186-seat A320 neo aircraft is offered in a 3-3 all-economy class configuration

Amer Kharbush shines the spotlight on ROSHN’s design philosophy

Exclusive: Amer Kharbush shines the spotlight on ROSHN’s design philosophy

The group’s head of programme and project management tells Gulf Business that MARAFY is an example of the company’s approach to integrated community development

Saudi Aramco to acquire Chile’s Esmax Distribusción

Saudi Aramco to acquire Chile’s Esmax Distribusción

The transaction will give Aramco access to retail fuel stations, airport operations, fuel distribution terminals and a lubricant blending plant

ACWA Power Chairman Mohammad Abunayyan

Saudi’s ACWA Power inks clean energy deals with Chinese firms

In the past, the energy company has partnered successfully with Chinese companies in installing the largest wind turbine in Central Asia among other projects