#Saudi Arabia

Marriott’s Autograph Collection to open in AlUla (Image: Supplied by Marriott International)

Marriott’s Autograph Collection to open in AlUla

The new hotel is set to open in 2025 and will be located in downtown AlUla

Saudia becomes first airline to opeerate to and from Red_Sea International Airport Image Red Sea Global

SAUDIA to be first airline to operate services to Red Sea International airport

The airport is set to open this year along with the first three resorts at The Red Sea destination

SAL Saudi Logistics IPO

SAL Saudi Logistics to sell 30% stake via IPO on local bourse

The shareholders are offering 24 million shares in the cargo firm, equivalent to 30 per cent of the paid-up capital post-listing

Saudi Arabia-India trade

Saudi Arabia to open investment office in India

Saudi minister said the government will send a delegation to India to look into the feasibility of opening such an office

Saudi Arabia - India meet

Saudi Arabia, India sign 47 MoUs during Crown Prince Mohamed bin Salman’s state visit

Saudi Arabia and India have signed a bilateral agreement to bolster the investment climate in both countries

saudi-india-meet cricket

Saudi Crown Prince Mohamed bin Salman, Indian PM Modi to meet: Trade, connectivity, defence on agenda

The two leaders will discuss all aspects of the bilateral including political, security, defence, economic, cultural and people-to-people ties

Brands For Less

IQ Robotics, Brands For Less Group unveil multi-million-dirham robotics transformation

Marking its fourth collaborative robotics transformation, the agreement aims to facilitate BFL Group’s expansion into Saudi Arabia

Abu Dhabi’s ICON unveils new brand identity

ICON set to launch new brand identity, opens office in Saudi Arabia

The new brand identity is designed to reflect the innovative company’s global vision

ROSHN joins UN Global Compact Image ROSHN

This is the first Saudi giga project to join UN Global Compact

Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world

Saudi real estate - EJAR

Saudi Arabia’s real estate, infrastructure projects hit $1.25tn

NEOM, the $500bn megacity, is progressing rapidly, with $70bn of projects now awarded, 45 per cent of which has been completed

Telefónica

Saudi telecom acquires 9.9% interest in Spain’s Telefónica

Telefónica benefits from a portfolio of infrastructure assets and technology platforms, where it is developing capabilities in areas such as cognitive intelligence, edge computing and IoT

APICORP’s half-year net profit surges by 87

APICORP posts $108.7m in half-year net profit

The corporate banking portfolio grew by 5 per cent YoY to $4.3bn while its net interest income rose by 10 per cent to $45.9m

Huawei opens cloud data centre in Riyadh

Huawei Technologies opens cloud data centre in Riyadh

The data centre will store data locally in line with Saudi Arabia’s data regulations

Flynas launches new operations base at Madinah airport (Image: Supplied by flynas)

Flynas launches new operations base at Madinah airport

The low-cost carrier now has four bases across Saudi Arabia

Marco Arcelli of ACWA Power which signed deals with 6 Italina entities to promote clean energy imag ACWA Power

Clean energy: Saudi’s ACWA Power signs key agreements with these European entities

ACWA Power signed the strategic cooperation agreements at the Saudi-Italian Investment Forum held in Milan on September 4

Saudi Arabia economic outlook

Saudi Arabia receives 7.8 million tourists in Q1 2023

The kingdom’s incoming tourism revenue grew by about 225 per cent to reach SAR37bn in the first quarter of this year

Red Sea shipping

Saudi crude oil exports plummet as OPEC giant slashes production

Since July, the kingdom has pledged to implement a unilateral production cut of one million barrels a day on top of existing curbs

Aliph Capital secures funding from PIF-backed Jada

Saudi PIF’s Jada invests in Aliph Capital’s “Aliph Fund I”

The investment reinforces Jada’s commitment to supporting small and midsize enterprises in Saudi Arabia

SAUDIA Group allocated 1.2 million seats for 2023 Hajj season. Image credit: Twitter @bhx_official

SAUDIA Group allocated 1.2 million seats for 2023 Hajj season

The group has revealed its operational performance during the peak of the summer travel season from May 21-August 2, 2023

Riyadh Air to support inclusion of Saudi nationals in aviation workforce (Image: Supplied by Riyadh Air)

Riyadh Air to support inclusion of Saudi nationals in aviation workforce

The agreement includes the activation of a female training programme specialised in the field of engineering and maintenance

Saudi Arabia SPARK logistics zone to open in 2024 Image SPARK

Saudi Arabia: King Salman Energy Park’s Logistics Zone to begin operations in 2024

The zone will be operated by SPARK Logistics, a JV between SPARK and Hutchison Ports and will handle ten million metric tonnes of cargo

Saudi Arabia’s foreign reserves plunge to 2009 low

Saudi foreign reserves plunge by most since pandemic to 2009 low

The decline in July was the biggest since the government transferred $40bn to its wealth fund from the central bank to invest abroad

AviLease buys StanChart’s aircraft leasing business

Saudi PIF’s AviLease to acquire StanChart’s aircraft leasing business

The jet lessor will acquire a portfolio of 100 narrowbody aircraft and become a servicer for another 22 jets

Saudi PIF, holders to offer 30% stake in oil driller ADES IPO

Saudi PIF, holders to offer 30% stake in oil driller ADES IPO

The offering will consist of 338.7 million shares, which will include the issuance of 237.1 million new shares through a capital increase

Saudi Arabia launches new real estate market platform Image courtesy Ministry of Justice

Saudi Arabia launches real estate platform to support owners, buyers

The platform allows users to access reliable information about the value of real estate transactions in any geographical area they choose

Saudi Arabia economy growth

Saudi Arabia unveils master plan for logistics centres

The kingdom will build 59 logistics centres with a total area of more than 100 million square meters

Champions League - Manchester City

Saudi Arabia in Champions League? SPL outlines ambitions

UEFA members include a few non-European countries, including Kazakhstan, whose clubs can participate in the Champions League

BRICS SUMMIT-SOUTH AFRICA

UAE, Saudi Arabia to join BRICS; President Sheikh Mohamed welcomes membership

The BRICS grouping has announced an expansion in its ranks with six new members, including UAE, Saudi Arabia, Ethiopia and Egypt

How Tonomus is transforming NEOM

Exclusive: Joseph Bradley on transforming NEOM into an epicentre of innovation

Tonomus CEO explains how NEOM’s first digital communications facility will connect the city to the world by rolling out and using cutting-edge telecommunications

Hilton has confirmed its first airport hotel in Saudi Arabia (Image: Supplied by Hilton)

Hilton to open airport hotel in Dammam

The 273-key property will have direct skywalk access to the terminal building at King Fahd International airport