Skip to content
News Beats
- Boeing executive sees sustainable aviation fuel as ‘key to airline industry’s decarbonization’
- Binance to form industry recovery fund after FTX collapse: CEO
- Global annual green financing demands set to reach $3tn by 2030: G20 official
- Saudi Aramco inks hydrogen agreement as Bezos, Musk and Blair address B20 gathering
- OPEC cuts oil demand growth forecast again as economic challenges mount
- Saudi energy minister says Kingdom hosting MENA climate week in 2023
- Saudi Arabia launches 3 climate projects, carbon credit scheme at COP27
- Saudi PIF’s 10% stake sale in Tadawul Group priced at $51 as offering oversubscribed
- Saudi Water and Electricity Regulatory Authority approves framework for self-consumption renewable energy systems
- Green group offers help to plant 450m trees in Saudi Arabia
- Riyadh warehouse rentals rise 22% amid Saudi push to develop industrial hub
- Saudi Aramco partners with energy ministry to establish carbon capture and storage hub
- Saudi PIF to sell 10% of its stake in Saudi Tadawul Group
- Speed of Saudi Arabia’s mining approval process contrasts with ‘ridiculous’ slow global pace: Minister
- Interpol’s cybercrime chief eyes Middle East duty station as he steps up battle against hackers
- COP27: Biden says the climate crisis is about the ‘very life of the planet’
- Saudi Arabia targets carbon capture of 44m tons by 2035: Energy Minister
- World must take cyberattacks as seriously as terrorism, Saudi energy minister warns
- Oil Updates — Crude falls for the fourth day; Saudi Aramco to ship full oil contract volumes to Asia in December
- GCF2022: Inclusion of women in cybersecurity workforce is the need of the hour
- Saudi Arabia’s industrial production rises 15.7% in September: GASTAT
- Musk sells Tesla shares worth $3.95bn days after Twitter takeover
- Saudi Arabia is well positioned to lead the world on green hydrogen: PwC
- World needs over 8m cyber police to battle online crime: Nigerian Minister
- COP27: UAE and Egypt agree to build one of world’s biggest wind farms
- Saudis are increasingly worried about their devices being hacked: Cisco
- Global leaders set to discuss ways to safeguard cyberspace at GCF 2022
- COP27: Arab countries’ development undermined by climate change, leaders tell UN
- Humanity’s shared long-term future doesn’t lie in fossil fuels: Top official at COP27
- Egypt seeks shift to green economy, President El-Sisi tells COP27
- ‘The future looks safer’: MGI summit lauded as turning point in region’s climate change fight
- How Saudi Arabia is laying the groundwork for an environmentally sustainable future
- Saudi Arabia considers new mining index in diversification push
- Mideast’s first RO membrane plant expected to contribute $1.14bn to Saudi GDP
- Egypt will spare no effort in leading global climate change action, says foreign minister
- Emissions are not coming down at the required speed, says top UN official
- Saudi Capital Market Authority approves over $26.6bn capital increase in 5 years
- Saudi Aramco lowers December Arab Light crude prices to Asia
- Seamless conference sees 6,000 e-commerce industry players descend on Riyadh
- Saudi Arabia GDP highest among G20 in Q3
- SAMA among Gulf central banks to raise interest rates following US Fed’s move
- Bank of England makes historic rate hike as UK faces recession
- Saudi ACWA Power’s assets expected to reach $230bn by 2030: CEO
- Cement sales up across Saudi Arabia as mega construction projects kick in
- Saudi Arabia’s PMI hits 57.2 fueled by strong non-oil sector growth: S&P
- UAE records highest employment growth since 2016: S&P Global
- Saudi-Turkey trade relations deepen as Turkish contractor wins Jeddah air base work
- Saudi ACWA Power signs MoU to build 10GW wind project in Egypt
- Saudi Arabia highlights environmental action after rise up prestigious global green index
- Five new mining licenses up for grabs as Saudi Arabia continues economic diversification push
- Saudi miner Amak’s shares in red as it suffers 22% profit drop amid $333m IPO
- Apple first major investor in Riyadh’s new integrated logistics airport zone
- Saudi Arabia reports budget surplus of $40bn in first 9 months of 2022
- Saudi Arabia sees 88% rise in contract awards as Vision 2030 ‘bears fruit’: US Saudi Business Council
- Aramco beats expectations with record quarterly profit of $42bn
- Euro inflation to reach 10.7% in October fueled by energy prices
- Turkey seeks Saudi partnership cooperation as it plans to be an energy hub to Europe, minister tells Arab News
- Countries need to share knowledge to break energy transition problems: Saudi energy minister
- OPEC raises long-term oil demand view, calls for investment
- Saudi Arabia’s GDP grows 8.6 percent in Q3 driven by increase in oil activities
- Saudi stock exchange Tadawul sees profit declining 23% as revenue falls
- Ma’aden led consortium to spend over $12.5m on exploration of Umm Al-Damar site in Saudi Arabia
- Industrial cities to be home for 4IR as Saudi Arabia diversifies away from oil
- SNB has no plans to take board seats in Credit Suisse following stake buy of $1.5bn
- SABIC Q3 earnings surprise analysts as it miss estimates
- Saudi Arabia affirms its investment prowess as 6th Future Investment Initiative forum closes
- Saudi Arabia’s SNB’s shares dip as it seeks to own 10% stake in Credit Suisse worth $1.5bn
- PIF to launch 5 regional investment firms to draw $24bn: Saudi Crown Prince
- ‘This will be a breakthrough’: Saudia buys 100 electric planes to revolutionize domestic travel
- Saudi energy minister, French counterpart discuss bilateral relations
- Saudi Arabia's SNB’s shares dip as it seeks to own 10% stake in Credit Suisse worth $1.5bn
- AS IT HAPPENED: Future Investment Initiative – Day Three
- Saudi PIF launches Local Content Growth Program to grow private sector competition and innovation
- LIVE: Future Investment Initiative – Day Three
- Booming Saudi Arabia cannot be ignored by global investors: BNY Mellon executive
- Next 6 months to be difficult for global economy but Gulf to stay strong, says Saudi finance minister
- Aramco announces $1.5bn global sustainability fund
- LIVE: Future Investment Initiative - Day Two
- World is in its ‘first truly global energy crisis’ — IEA’s Birol
- TRSDC rebrands to Red Sea Global as it eyes expansion beyond the Kingdom
- Data-driven approach required to curb 40-year high inflation: PIF’s Al-Rumayyan
- Saudi Arabia’s non-oil exports increase by 16.6% to $7bn in August: GASTAT
- LIVE: Future Investment Initiative - Day One
- Shares of Saudi Kayan in red as it suffers largest loss since listing in Q3
- Ma’aden’s share prices surge over 100%, hit highest level since listing
- Saudi PIF launches new firm to localize halal production industry
- Saudi Riyad Bank’s shares jump after reporting 13% profit hike to $1.3bn
- Al Rajhi Bank’s shares in red despite 19% profits jump to $3b in first 9 months
- Saudi Arabia's largest lender SNB posts 42% surge propelling stock gains
- Saudi top banks start earning season with profit surge, to continue rising: analyst
- Airbus eyes Saudi deal for almost 40 A350 jets — sources
- Black sand reserves promise a shining future for Egypt
- ‘Emotional dialogue’, not science, dominating climate change debate, warns Saudi envoy of climate affairs
- UAE fintech Pemo to spare no expense in its Saudi launch next year
- Lenovo targets remote classrooms, esports to grow in Saudi Arabia
- Frankfurt-based fintech to launch Shariah-compliant crypto token
- Emirates NBD revives equities business with Dubai IPOs
- Saudi Green Initiative Forum and Middle East Green Initiative Summit to be held alongside COP27 in Egypt: Crown Prince
- Saudi Arabia energy minister, China’s national energy administrator discuss cooperation
- NDMC announces dollar-denominated sukuk, bond issuance of $27bn
- Lamar Holding pledges funds and expertise to back Aramco’s SME-boosting initiative
- Saudi Aramco kicks off Taleed Program to boost the Kingdom’s SME sector
- Saudi Arabia aims to automate 4,000 factories to meet demand of 4IR: Vice Minister
- Saudi Arabia’s real estate price index up 1.5% in Q3 due to rise in residential rates
- Petrochemicals maker Sipchem’s shares ends lower despite 37% profits jump
- Saudi Arabia to issue new US dollar-denominated bonds and sukuk
- Saudi crude oil exports hit 2-year high of 7.6m bpd in August: JODI
- OECD latest body to project Saudi Arabia GDP growth to top G20 nations
- Saudi Arabia’s NDMC closes October issuance of sukuk program at $832m
- Saudi Arabia launches initiative to develop supply chains for industrial products
- Gaza offshore gas project: Agreement expected by year-end
- Oil Updates — Crude rises; King Salman says Saudi Arabia seeks stability and balance in oil markets
- Saudi petroleum retailing service provider Aldrees’s shares jump after 39% profit surge
- SABIC’s shares in green as it starts commercial operations at 3rd United Ethylene Glycol Plant
- Tadawul All Share Index dips as investors worry about inflation
- Saudi Arabia partners with South Africa to grow communication and IT sectors
- Zain’s shares rise after selling its unit to PIF ahead of $807m deal to buy Zain’s towers
- Saudi EXIM Bank issues $100m worth of insurance policies to support exports to South Africa
- Algerian energy minister hails OPEC+ output cut decision, calls the move 'historic'
- Pound slides as UK PM sacks finance minister, scraps tax plan in fight to survive
- Green hydrogen could reduce carbon transition risk but GCC will remain exposed: Moody’s
- ‘We don’t use oil as a weapon’: Saudi Arabia hits back at US in OPEC+ cuts row
- Saudi Arabia still fastest growing G20 economy despite economic headwinds: IMF
- OPEC cuts oil demand growth for 2022 and 2023 in latest report
- OPEC+ oil supply cuts could tip world into recession, IEA says
- Saudi inflation climbs to 15-month high of 3.1% in September: GASTAT
- IMF downgrades global economy forecast amid ‘storm clouds’ warning
- Saudi POS transactions plummet by $530m: SAMA
- Putin says Russia could increase gas supplies to Europe
- Saudi Aramco’s JV to manufacture drilling rigs in Kingdom for first time
- Oil Updates — Crude edges down; Kuwait’s Mina Al-Ahmadi oil refinery malfunctioned
- Nissan takes $687m loss as sells Russian business for €1
- Dubai’s non-oil economy remains robust, shows PMI figure: S&P Global
- Construction contributes 11.6% to Saudi’s non-oil economy in Q2: Minister
- OPEC+ oil production cut will have muted impact on market: Fitch
- Saudi Arabia’s increased spending could reduce saving but drive economic diversification: Moody’s
- There will be 100 new public-private health projects by 2027: Saudi Minister
- Oil Updates — Crude takes a breather; Aramco to keep full oil supplies to North Asia
- Saudi Ports Authority signs $170m contracts to establish new berths at Jeddah Islamic port
- Saudi Arabia spends $503m on water projects in Northern Borders region
- Oil Updates — Crude up; US says OPEC oil cuts bad for global economy
- PIF-backed utility firm Marafiq opens IPO at up to $11 per share
- Saudi hospital operator Dr Sulaiman Al Habib appoints acting CEO
- Hospitality firm Alhokair’s shareholders approve 52% capital reduction
- Saudi Almarai's shares dip at the end of Sunday trading despite announcing 10% profits for Q3
- OPEC+ output cut decision to sustain markets, not raise prices: Saudi Energy Minister
- Saudi FDI to touch 2011 peak of $16.3bn this year: Lumina Capital
- Saudi economic growth projected at 8.3% in 2022: World Bank
- Biden says he is surveying options after OPEC+ decision to cut output
- Oil target cuts free up capacity in case of crises, OPEC head says
- Oil heads for weekly gain after OPEC+ cut despite economic headwinds
- OPEC+ agrees output cut of 2 million barrels per day despite US concerns
- Qatar’s non-oil private sector growth continues in September
- MENA region economy expected to grow 5.5% in 2022 — fastest in six years: World Bank
- ‘Hold back emissions, not progress’ says ADNOC chief in energy security warning
- Saudi Arabia’s non-oil economy maintains growth: S&P
- UAE healthcare provider Burjeel's IPO 29 times oversubscribed, final price set at $0.54
- Gulf region a ‘bright spot’ as global economic crisis continues: IMF director-general
- UAE non-oil economy strengthens as PMI stays over 56 mark in Sept: S&P Global
- PIF-backed Marafiq eyes 80% dividend by 2024 as it plans listing on TASI
- Saudi PIF subsidiary SEIC acquires 34% of Egypt’s B.TECH for $150m
- Japan energy minister emphasizes importance of Saudi and Arab suppliers
- Strong growth primarily driven by economic reforms, says Saudi finance minister
- China reopening will wipe out meagre spare oil production capacity, warns Aramco CEO
- TASI rise on investor optimism as market cap jumps to $2.8tn by the Q3: Closing bell
- Saudi Paper’s shares decline after it signs $44m deal with Italy’s Toscotec
- Saudi Arabia to host ICAO Air Services Negotiation conference in 2023
- IMF plans regional office in Saudi Arabia
- PIF’s green bond issuance to bolster market, says London bourse official
- Saudi digital transformation strategy enters the final phase
- Oil settles lower after hitting $90/bbl as OPEC+ considers output cut
- Goldman cuts 2023 oil price forecast due to weakening demand outlook
- Saudi Arabia scores record leap in UN’s E-Government Development Index ranking
- Goods exports fuel 18% rise in Saudi Arabia’s current account balance: SAMA
- Saudi Social Development Bank allocates $3.5bn to freelancers and 'productive' families
- TASI gains momentum as economic fears subside: Closing bell
- Saudi Arabia leading G20 nations in tourist inflow numbers for 2022: WTO report
- Big insurance firms needed in Saudi Arabia to invigorate sector: Minister of Finance
- Gas from Russia’s Nord Stream 2 pipeline leaks into Baltic Sea
- War in Ukraine drags on global economy into 2023, OECD says
- OPEC+ supply cut essential to buoy oil prices, UBS says
- Saudi Capital Market Authority approves three new IPOs as listing wave continues
- Saudi Arabia developing national capabilities in nuclear technology: Minister
- TASI drops below 11k for the first time in over 9 months as the market trembles: Closing bell
- Saudi hospitality giant Alhokair secures $25m contracts to operate entertainment sites
- Riyadh’s real estate sector continues to witness demand, investment opportunities: KPMG
- PIF’s Jada signs MoU with Invest Seoul to boost startups, SMEs
- AlBabtain Food launches IPO at $18-21 per share today
- Arabian Pipes’s shares drop following the award of $41m contract from Saudi Aramco
- Qassim signs MoU to acquire Hail Cement as Saudi megaprojects set to drive demand
- TotalEnergies signs $1.5bn deal with QatarEnergy to increase LNG production
- Saudi Arabia launches 5 renewable projects to produce 3,300 MW energy
- Central Bank of Egypt keeps interest rates unchanged despite US hike
- Oil plunges to eight-month low on strong dollar, recession fears
- PIF has created 500k jobs, aims to hit 1.8m: Governor Al-Rumayyan
- GCC banks returning to pre-COVID-19 levels amid higher oil prices: S&P Global
- US stocks fall broadly as global central banks raise rates
- Saudi holdings of US Treasuries rise by $2.4bn in July
- Fed hikes rates again, says inflation fight can't be 'painless'
- Saudi Arabia, UAE update interest rates after Fed hike
- Saudi crude oil exports hit 7.38 million bpd in July: JODI
- Spain, UK making headway on renewable energy, says climate report
- Saudi insurer Enaya gets CMA nod to reduce capital by $13m to recoup losses
- Jadwa Investment revises Saudi Arabia’s overall GDP growth to 8.7%
- Russia’s surging oil exports to China in Aug fail to keep Saudis down: data
- Taxing oil companies will not solve global energy crisis: Aramco CEO
- Scholz to sign LNG deals with UAE: German minister
- Egypt’s Suez Canal raises transit fees for ships by 15% in 2023 as inflation bites
- Shares of Hospitality giant Alhokair rise as it gets CMA’s approval for 46% capital cut
- Saudi Arabia’s 2022 GDP to grow at highest rate in 10 years: S&P
- Saudi Arabia wants green hydrogen commitment from EU, says European Council President
- Bitcoin once again slips 1.54% below $20,000
- Inflation in Kingdom still within a reasonable rate, says central bank chief
- Saudi Aramco inks $250m deal with US-based Beyond Limits to build global AI corridor
- Dubai’s toll operator Salik’s IPO size up to 24.9% after strong investor demand
- SAMA licenses two fintech payment firms, bringing total to 21
- SMEs to benefit from dozens of new factories built in Riyadh Third Industrial City
- AI helping to predict and solve supply chain issues: Saudi logistic program CEO
- Saudi AI authority launches SMARTATHON as government eyes 200 smart cities
- Al Jubail water desalination plant to become the world’s largest: Metito MD
- Saudi Ministry signs $6.6bn agreements with local banks for infrastructure projects
- Rising interest rates pose no challenge to Saudi banking sector: SABB CEO
- Saudi Arabia launches program to automate 4,000 factories
- Saudi Aramco launches ‘Global AI Corridor’ to boost local ecosystem
- NEOM’s The Line will ‘go live fully’ on AI: CEO
- State-backed digital bank Wio launches in UAE
- Saudi PIF mulls $1bn stake in Seera’s travel unit Almosafer
- OPEC sticks to upbeat view on oil demand growth: Saudi Arabia raises output to over 11m bpd in August
- Saudi PIF’s SCAI to invest $776m to boost AI in Kingdom
- World Bank lauds Saudi National Water Strategy, recommends other nations follow suit
- Africa’s first hydrogen plant seen producing electricity in 2024
- World oil demand to reach 100.6m bpd in Q3: OAPEC
- Saudi Arabia produces 20% of global desalinated water, official says
- Saudi POS transactions up, led by surge in sales of food, beverages
- Saudi Arabia to explore uncharted waters in the desalination sector
- Tabby goes full deck to fix low credit card access in Saudi Arabia
- Saudi Arabia’s desalination projects eye sustainability and energy
- A private equity fund to incubate business ideas in school
- Cadillac Lyriq to charge up Saudi EV space with 2023 launch
- Oil supported by supply threats yet still set for weekly drop on demand fears
- Aramco is most profitable company in the world: Companies Market Cap
- Energy price cap will be your undoing: Russia’s foreign ministry spokeswoman
- Saudi wealth fund to issue green bonds as soon as next week
- Nesma & Partners sign MoU to support Saudi Arabia’s ‘local content’ efforts
- Local content to carve out stronger role for Saudi Arabia in global supply chain, says minister
- KSA companies dominate Forbes Middle East’s family business rankings
- Saudi banks’ mortgages jump to $170bn in Q2: Housing Minister
- Saudi Jazan City holds $23bn in investment opportunities: RCJY chairman
- Saudi Fund for Development finances $18.4bn worth of projects in developing countries
- Tadawul raises $4.7bn through 27 new listings in H1 amid healthy pipeline
- Saudi Arabia to highlight sustainability successes during G20 Development Ministerial Meeting
- Saudi esports market to grow 250% in next eight years: CITC Governor
- Saudi Arabia ready to enter global esports’ stage with 21m gamers: Prince Faisal bin Bandar
- Saudi non-oil growth shows economy rebounding strongly post-COVID-19: Minister
- Saudi Local Content Forum sees series of cooperation agreements on second day
- Arab oil provides nearly 98% of Japan’s July crude imports
- Oil Updates — Crude slides; Shell, Exxon launch sale of Dutch gas venture
- Saudi Arabia’s Dammam port sets new record of handling containers in August
- Oil Updates — Crude climbs ahead of OPEC+ meeting; Germany to use windfall tax income to reduce energy prices
- Saudi Arabia to invest $24bn to boost domestic economy ‘content’: Minister
- Saudi Arabia working to localize 18 professions over the next year: Minister
- Saudi Industrial Development Fund approves $20bn loans since Vision 2030 launch
- Saudi insurance rivals Amana, ACIG unveil initial plans for possible merger
- Oil Updates — Crude climbs; Pyrenees pipeline not a priority for France; Indonesia hikes fuel prices
- AlBabtain Food to proceed with IPO for 16% stake on Saudi parallel market
- A cap on Russian oil prices? G7 eyes untried, risky plan
- Foodics to dish out microlending products, plans to go public soon
- Saudi Arabia to become world’s fastest-growing economy in 2022 as GDP likely to grow 7.5%: Report
- Aramco’s Wa’ed Ventures co-leads a $13m series A funding round for OQ Technology
- Egypt bourse’s market cap rises $2.7bn in August despite monetary tightening
- Saudi Arabia's mineral wealth set to double as prices of gold, copper, zinc rise
- PIF-backed TAQA to acquire Abu Dhabi’s AlMansoori Petroleum Services
- Saudi ice cream maker FADECO’s profits wiped out despite rising revenue
- Egypt issues first Islamic micro-financing license
- Saudi TDF signs MoU with Jahez to finance business activities of restaurants, cafes
- Saudi telecom major stc shareholders approve 150% capital hike to $13bn
- Tibbiyah buys 51% stake in Saudi medical rival Innovative Care for $57m
- Foreign ownership in Saudi-listed stocks drops to $94bn in Q2
- High oil prices drive record $77.3bn quarterly profit for GCC-listed firms
- Al-Khunayqiyah mining site’s exploration license to be awarded next week: Top official
- KSA to issue exploration licenses for Umm Ad Damar project in November
- Agthia saves $26.4 million in 18 months using cost optimization measures
- The Waste Lab onboards corporate titans to fight food waste
- Saudi Arabia’s food and beverage sector books 6.3% growth in H1 2022: Monsha’at
- Female workforce participation rises to 33.6% in Saudi Arabia in Q1 2022: Report
- Hospitality group Alhokair’s shares slip as it trims H1 losses by 49%
- Investors line up ahead of Porsche’s planned IPO at up to $85bn valuation
- Saudi developer Jabal Omar to settle $1.4bn debt owed to Alinma RE fund
- Saudi largest lender SNB announces start of SR-denominated sukuk offering
- Sudan and UAE latest OPEC+ countries to back Saudi statement on oil market
- Wizz Air launches 20 new routes to KSA, considering a Saudi operating license
- Oil prices fall after US Fed chair warns of economic pain ahead
- KSA records 21% growth in residential real estate transactions in Q2: CBRE
- Prince Mohammed Bin Salman Nonprofit City signs deal with muvi Cinemas for new theater in Al Mishraq
- Oil prices ease on possible Iran oil exports, rising interest rates
- Oil prices edge up on signs of improving demand
- Kingdom Holding shares climb on massive first-half profit surge to $1.7bn
- Dubai-based developer URB unveils plans for massive net-zero community in Kuwait
- Amazon to shutter virtual health care service Amazon Care
- Saudi retailer BinDawood’s shares decline after 31% fall in H1 profits
- Qatar announces new solar projects to more than double its energy output from renewable sources within 2 years
- Moody’s downgrades ACWA Power's senior secured debt rating to Ba1
- Shares of Saudi developer Al Akaria end higher as it bounces back to profit
- Hail Cement’s share decline after it swings to loss of $4m in H1
- Oil Updates — Crude climbs as Saudi Arabia warns of output cuts; Turkey doubles Russian imports
- Energy security at risk due to climate change ‘misconceptions’: KAPSARC
- OPEC+ missed output targets by 2.9m bpd in July, sources say
- Saudi Fisheries’ shares slump after losses widened by 21% in H1
- State-owned utility SEC’s shares dip after profit slightly drops to $1.9bn
- Saudi developer Sumou signs $144m contract to develop residential units
- Middle East ranks 2nd in data breach losses after the US, IBM study finds
- Italian manufacturers cut output to save energy, govt official says
- UAE investments in Egypt rise by more than 169% in 6 months
- Aramco to complete Valvoline Global Products acquisition by early 2023
- Dresscode rolls up its sleeves to widen its Gen Z footprint
- The Middle East and North Africa’s 10 most funded e-commerce startups
- Saudi Arabia, Uzbekistan bolster ties with 10 investment deals worth $12bn
- President Sisi names veteran banker as caretaker head of Egypt’s central bank
- UK’s Liz Truss says defining mission will be reviving the economy
- Private sector can bolster Saudi-Uzbek economic ties, says minister
- Saudi Arabia's crude oil exports increase to 7.2 million bpd in June: JODI
- OPEC not to blame for soaring inflation, says secretary-general
- ACWA Power to sign $2.4bn deal for 1,500MW wind project in Uzbekistan
- Saudi-Uzbekistan council signs 10 investment agreements worth $12bn
- IMF sees Saudi inflation contained at 2.8% as GDP growth hits decade-high
- 87,467 families benefit from Saudi housing program in 2022
- American Airlines bets on supersonic travel with Boom jet deal
- Saudi Qassim Cement shares fall after H1 profits slip 73%
- Saudi Dallah Health’s stock recovers to end higher after 52% profit growth
- Aramco CEO on potential production hikes, global oil demand growth: Key takeaways
- Digital payments exceed cash for first time in Saudi Arabia with 94% transaction value
- Saudi Aramco shares close 0.9% lower despite record profit
- Saudi Aramco currently studying its portfolio for potential IPOs: CEO
- Saudi Aramco prepared to increase output to 12m bpd if government asks for, says CEO
- Aramco to add significant output capacity from 2025 as global spare oil gets thinner
- Saudi Electricity secures $568m funding for interconnection project with Egypt
- Acciona rejects carbon-intensive projects to meet environmental commitments
- MENA’s 10 most funded fintech startups
- Saudi HR market makes up just 0.4% of global sector, business federation reveals
- SISCO sticking to expansion plans despite huge profit drop: CEO
- Oil set for weekly gain despite price dip on demand concerns
- PIF-owned SEIC acquires minority stakes in 4 Egyptian companies for $1.3bn
- Shares of PIF-owned ACWA Power rise after H1 profits jump 21%
- Saudi miner Ma’aden’s shares up 10% as profit more than triples
- OPEC forecasts lower oil demand growth in 2022
- Biden signs bill to boost US chips, compete with China
- Shares of Saudi BinDawood rise after launching express stores in Jeddah, Makkah
- PIF-owned SEIC acquires majority stakes in 4 Egyptian companies for $1.3bn
- Saudi Arabian Mining Co. emerges as TASI’s 5th-best performer
- Emirates airline invests over $2bn to boost customer experience
- Saudi Cabinet authorizes ministers to discuss agreements with Thailand in energy, tourism sectors
- Saudi government completes nationalization of Saudi Power Procurement Co.
- Saudi Railways records 121% jump in number of passengers in H1
- Chemical giant SABIC’s Q2 earnings beat estimates as profit soars to $2.1bn
- Heathrow owner Ferrovial studies options for stake in Britain’s biggest airport: Sources
- Apple to open distribution center at Riyadh airport, says minister
- Saudi Arabia closes 49 investment deals worth $925m in Q2
- Saudi Transport Ministry pushes for electrification with EV charging stations for staff
- DIFC launches first global family business and private wealth center
- Saudi hospital operator Sulaiman Al Habib's shares fall despite 22% profit growth in H1
- Saudi companies to export supply chain prowess to GCC countries
- Saudi Arabia posts $20.8bn budget surplus in Q2, the highest at least since 2019
- PIF-owned Elm’s stock slips despite 59% profit surge in H1
- Oil sector needs investments worth $12tr in coming years, says OPEC chief
- Saudi education, health represents 39% of budget expenditures in H1
- Saudi oil revenues leap 89% year-on-year to fuel Kingdom’s budget surplus
- Oil prices climb as supply shortage concerns outweigh demand worries
- Saudi PIF unveils new Egyptian investment company
- TRSP 5th anniversary: Five years of firsts at The Red Sea Project
- Al Mutlaq Group eyes further collaboration with TRSP
- TRSDC’s pioneers quietly turn a master plan into a mega brand
- NEOM’s ENOWA partners with AutoGrid to design digital energy platform
- Aramco, Sinopec sign initial agreement to collaborate on projects in Saudi Arabia
- Oil prices rebound after dropping to lowest in months on weak US demand
- Squeezed global spare oil capacity limits OPEC+ output hike
- Saudi Arabia launches new investment marketing authority to support $3.2 trillion plan
- Saudi Cabinet approves establishment of roads authority to achieve goals of national logistics strategy
- Telecom giant stc’s shares close higher after H1 profits surge to $1.6bn
- PIF-owned ACWA Power leads Saudi stock market with 106% YTD gain
- Saudi job numbers in non-oil sector rise at fastest rate in 3 years: S&P Global
- Saudi mining firm Ma’aden’s shares close higher as Ammonia 3 plant starts operation
- OPEC+ sees slightly smaller oil market surplus this year, sources say
- Uber gains momentum in 2nd quarter, investors look past loss
- Aramco’s Wa’ed allocates $60m for startups in 2022: CEO
- Saudi Central Bank approves SABB Takaful’s merger with Walaa Insurance
- Saudi real estate prices inch up in Q2 due to rise in residential rates
- Aramco to acquire Valvoline’s Global Products Business in a $2.65bn deal
- Dubai Electricity and Water Authority boss lauds utility’s AI use
- Al Rajhi Bank’s shares close lower even as profit surges to $2.2bn in H1
- Saudi Q2 GDP grows at fastest pace in 11 years driven by oil sector
- Saudi Arabia and UAE supplied 80 percent of Japan’s crude oil needs in June
- Saudi Arabia, France discuss stabilizing global energy markets, food supplies
- Al Rajhi Bank posts 21% profit surge to $2.2bn for H1
- GCC central banks follow US Fed to hike interest rates as inflation bites
- Saudi energy minister meets with Russia’s Novak ahead of OPEC+ meeting
- Eurozone inflation hits yet another record high after big jump
- Saudi IPOs set for record year as H1 listings surpass entire of 2021: CMA chairman
- Saudi stock exchange to overshadow global peers as Crown Prince expects NEOM’s IPO to add $266bn
- Saudi-Greek Investment Forum sees $3.7bn deals on energy, economy and technology
- Green hydrogen gets a push during Saudi Crown Prince’s visit to Greece
- Tobacco majors spent $9.6 billion on R&D of risk-free smoking options since 2008, says exec
- 100 Saudi Brands to take fashion initiative sustainability to the next level
- IPOs in GCC gather momentum amid global volatility
- Ajlan & Bros signs $200m deals during Saudi-Kazakhstan Summit
- Saudi Arabia closes two trenches of SR-dominated sukuk totaling $771m in July
- IMF raises Saudi economy growth forecast for 2023 to 3.7%
- Financing NEOM is the next big move
- Saudi largest lender SNB sees 59% profit jump to $2.4bn in H1
- TASI drops as oil prices continue to fluctuate: Closing bell
- PIF-owned JCDC, Cruise Saudi to design luxury cruise terminal at Jeddah Central Project
- NRG Matters - Saudi Arabia set to double capacity in renewables tenders
- Saudi non-oil exports rise 27% to $7.4bn in May
- Saudi Central Bank launches Joint Operations Center to combat financial fraud
- TRSDC inks deal with ZeroAvia to develop zero-emission flights
- Saudi Investment Bank shares jump 2% as it declares $80m dividends for H1
- Saudi Arabia plans $5bn investment to become self-sufficient in poultry meat production
- TASI ends in red as investors monitor the market: Closing bell
- EU looks to replace gas from Russia with Nigerian supplies
- UAE platform forays into Saudi Arabia, to ramp up staff strength
- Lebanese venture capital firms face uncertain future as economy collapses
- Farnborough Airshow Updates: Saudi plans air-cargo roadshows; Airbus mulls fighter options
- Saudi construction spending reaches $12.3bn in Q1 2022: US Saudi Business Council
- Saudi Arabia announces plan to automate 4,000 factories
- SAMI and BAE Systems announcement to boost Saudi defense industry ‘soon’: CEO
- Saudi finance companies’ total assets rise 26% to $17.8bn in 2021: SAMA
- Saudi economy to grow an average of 3.9 percent for next four years: Moody’s
- Saudi station network Aldrees sees 44% profit surge in H1 on higher sales
- Saudi Kingdom Holding’s shares surge as it invests $268m in UK’s M&G
- Libya says oil exports resumed after monthslong hiatus
- Organizers of sustainable tourism summit RESET 2022 promise a bold agenda
- Saudi Arabia leads GCC with 77% growth in project contract awards in Q2
- Saudi stocks continue to rebound tracking crude prices: Closing bell
- Saudi venture capital investments up 244% to a record high of $548m
- Saudi FM says no adequate oil supplies without OPEC+ cooperation
- ‘World’s largest’ vertical farm officially opens in Dubai
- Saudi insurance sector stays afloat despite Q1 net loss
- Saudi Arabia’s May oil exports fell 4.5% in biggest decline in last 15 months
- Saudi Almunajem Foods sees 225% profit surge in H1 2022
- Middle East investors revisiting asset allocation amid inflation concerns
- Petronas says taking steps to protect global assets after seizure of Luxembourg units
- Telecom operator Zain KSA’s shares up 4.3% as profit more than doubles
- TASI rebounds after hitting lowest level since late-December: Opening bell
- Saudi dairy giant Almarai’s shares fall despite a rise in H1 profits
- GCCIA signs a contract to interconnect GCC grids with Iraq
- Saudi Arabia, US ink 18 agreements, including on space, investment, energy
- Saudi Arabia is among the highest performing venture capital markets in the region in 2022
- Europe gas prices edge lower as Norwegian exports rise
- Oil rises on prospects of less aggressive US rate hike
- Saudi sovereign fund to become Aston Martin’s no.2 shareholder
- Saudi inflation edges up to 2.3% in June as food and beverages prices rise
- NEOM scouts for project managers to build mega hotels in the Gulf of Aqaba: MEED
- Commodities Update — Gold prices slip; corn rises; industrial metals sink on demand concerns
- Oil Updates — Crude up; Libyan oil chief rejects removal; US official says Russian oil price cap can fight inflation
- Saudi Naval Base in Jubail prepares tender for infrastructure buildup: MEED
- Saudi Arabia highlights progress made in efforts to achieve UN’s Sustainable Development Goals
- Dubai PMI climbs to three-year high driven by upswing in travel and tourism: S&P Global
- UAE’s president, Sheikh Mohamed, shares his vision for future of the country
- Saudi ports cargo volumes jump 16.1% to 27m tons: Mawani
- Saudi Arabia’s industrial output sees third-highest rise in three years: GASTAT
- North Asian refiners to receive full Saudi crude allocation in August
- Saudi Arabia’s Q1 current account hits 8-year high thanks to oil sales
- OPEC forecasts slower oil demand growth in 2023
- Failure to implement Russian oil price cap could jack up oil prices, says US treasury chief
- Saudi says data volume traffic increases by 40% in Arafat, compared to 2019
- Virtual realty metamorphoses into islands of opportunity
- SGBF to find solutions to drive UN development goals in the region
- Leaked Uber docs reveal bare-knuckle expansion tactics: investigation
- Who is Ruja Ignatova? The self-styled ‘cryptoqueen’ who conned millions
- Pfizer to provide medicines to 1.2bn people in 45 countries on not-for-profit basis
- Asian stocks rise ahead of US payrolls but Abe shooting jolts sentiment
- China ambassador praises Saudi firms for aiding Chinese businesses expansion plans
- ECB climate stress test flags $71bn risk to euro zone banks
- Saudi non-oil sector sees robust improvement in business conditions in June: S&P Global
- Aramco sets for $44bn profit amid mixed Q2 earnings of Saudi firms: Al-Rajhi Capital
- Saudi Aramco signs 55 deals in a major expansion of its industrial investment program
- MENA startups raise $1.8bn in first half of 2022
- Saudi stocks finish down for 3rd time in a week amid fears of economic instability: Closing bell
- King Salman approves $5.32bn to help citizens affected by rise in global commodity prices
- TASI finishes H1 5% higher despite recent losses, market fears
- Saudi Aramco becomes first-ever MENA firm in Clarivate’s top 100 global innovators list
- Saudi Exchange kicks off single-stock futures trading, led by Aramco, stc
- REVIEW: Circlys - saving platform
- GCC stocks down for second straight month in June amid recession fears
- TRSDC signs first JV worth $400m with Al Mutlaq Group
- Al-Dhaher appointed SAMA’s deputy governor for control and technology
- Fuel, feedstock prices for Saudi industrial sector to be adjusted from Q4 of 2023
- Argentina government crises build as Economy Minister Guzman resigns
- Oil prices up 2 percent on supply outages
- Russia seizes control of partly foreign-owned energy project
- Saudi minister meets US investors ahead of Biden visit
- Biden says will see Saudi’s crown prince, won’t push directly on oil
- OPEC+ sticks to policy, avoids September oil output debate
- Luxury hotel brand JW Marriott makes Saudi debut with Riyad Capital
- Growth in Saudi Arabia’s liquidity slows to 7.8% year-on-year in May
- OPEC meeting ends without making any policy decisions
- SAMA’s net foreign assets remain virtually unchanged at $435.5bn
- Tabby’s app achieves a record 26m clicks to retail partners in a year
- QIA CEO says exploring opportunities in blockchain
- NEOM awards London-based Keller major piling contract for ‘The Line’
- UAE producing near to its maximum oil production capacity: Energy minister
- Saudi Exchange to allow single-stock futures trading on selected shares in July
- Hydrogen driving net-zero transition in UAE: Energy Minister
- Saudi-Italian forum to explore opportunities to boost bilateral trade
- US aims to raise $200bn as part of G7 rival to China’s Belt & Road
- France urges producers to cap oil price over Ukraine
- Oil trades sideways as OPEC+ to keep output hike steady before Biden visit
- Pylon targets emerging markets, aims to be the first MENA gigacorn
- Global supply chain impairs even as Saudi logistics industry shows signs of recovery
- Boeing expects demand to be back to pre-pandemic levels by 2024, says top official
- Inflation sparks global wave of protests for higher pay
- G7 considering ways of capping Russian oil price — German official
- Saudi Arabia Finance Minister calls on OPEC to fund green transformation
- UK-GCC trade deal could be finished in a year: Minister
- Saudi Makkah, Madinah to see 110,000 new hotel rooms by 2030: Colliers
- Saudi Arabia strengthens position as largest Arab economy: Report
- Wall Street set for gains as traders scale back rate hike expectations
- Kuwait Airways expecting 4x passenger rise in 2022 than 2021: CEO
- Aviation industry will start making profit by 2023, predicts IATA economist
- Oil prices dive $2 per barrel on fear Fed rate hikes will hurt demand
- EXPLAINER: Why Sri Lanka’s economy collapsed and what’s next
- Saudi Arabia’s non-oil exports increase 37% to $7.3bn in April
- NEOM appoints founding president of its flagship university
- Full Brexit yet to play out on British finance, lawmakers say
- Saudi Cabinet gives green light to Bank of Jordan to open branches in the Kingdom
- Talks begin on GCC-UK deal to boost trade by at least 16%
- SWCC head expects water assets transfer to PIF-owned WSC to take up to 3 years
- Value of Saudi-Egyptian trade up 62% last year
- Lebanon, Syria, Egypt sign gas import agreement
- Wall Street sees higher probability of US recession next year
- Brexit will cost UK workers £470 a year, study predicts
- Saudi Arabia’s open banking program fuels fintech growth in the region
- Mideast aviation sector’s net losses to narrow to $1.9bn in 2022, IATA forecasts
- TASI ends in green, remains at one of lowest levels since January: Closing bell
- Saudi entrepreneurs get $27b funding as SMEs grow by 15% in Q1
- Flights from Gulf countries have surpassed pre-COVID levels in some destinations, says IATA VP
- NRG Matters — Italy’s Eni wins stake in $29b Qatari gas project; Egypt plans small nuclear reactors to produce energy
- Saudi Arabia signs $133m deal with DP World to create region's largest logistics hub at Jeddah port
- Aramco, Cognite launch joint venture to support digital industries in Middle East
- Russia overtakes Saudi as top oil supplier to China in May after 19-month gap
- How Saudi Arabia’s $18bn logistics industry is reaching out to the rest of the world
- Bitcoin drops below $20,000 as crypto selloff quickens
- TRSDC employs marine spatial planning tool to enhance biodiversity
- SpaceX reported to fire employees critical of CEO Elon Musk
- Saudi flyadeal launches its first flight to Jordan as it seeks expansion
- Saudi-US business forum discusses enhancing cooperation
- SAMA lifts key interest rate in less aggressive way than regional counterparts
- NEOM’s unit ENOWA to build first desalination plant powered by renewable energy
- Gazprom reduces gas flows to Italy by 15%, Eni says
- Sudan signed MoU with UAE for farm project, port, says minister
- Egypt’s Khazenly startup raises $2.5m in seed funding round
- NEOM awards two contracts for transportation project
- Telecom Egypt partners with Aqua Comms on EMIC-1 cable landing
- Tourist businesses given $80m funding injection amid Saudi plans to grow sector
- Goats, fish, and vegetables face import taxes as Saudi Arabia seeks to promote domestic production
- Saudi government-owned tourism fund launches $80m program to finance sector’s SMEs
- Saudi telecom giant stc shares up 6.6% as it proposes capital hike to $13bn
- China Renaissance eyes investments in the Middle East to fund startups: CEO
- Saudi government-owned tourism fund launches $80m program to finance sector's SMEs
- Iran currency drops to lowest value ever amid US sanctions
- SMEs need to innovate to keep logistics on the move: NIDLP’s Al-Mazroua
- Amadeus partners with Saudi Tourism Authority to develop destination management in the Kingdom
- Saudi Arabia’s TRSDC nursery to plant 2 million saplings this year as part of its green drive
- Saudi tourism ministry to invest $100m on one of the largest training programs in the sector: top official
- NRG matters: ACWA Power’s unit signs $107m deal to set up solar plant in Saudi Arabia; UAE, South Korea boost energy ties
- Saudi Arabia’s Savola acquires Egybelg amid plans to invest $91m in Egypt
- Irish universities explore investment opportunities in Saudi Arabia’s King Abdullah Economic City
- Moody’s affirms credit rating of ‘A1’ to Saudi Arabia with stable outlook
- Saudi industrial activities hit three-year high in April
- AlUla project takes sustainability highway to revive lost glory
- Japan’s Sumitomo to establish its largest factory in Egypt
- Moody’s affirms credit rating of ‘A’ to Saudi Arabia with stable outlook
- Saudi tourism ministry leads digitization wave, offers NFTs to UNWTO delegates
- Dubai can help boost UK trade in the post-Brexit era, experts say
- Crypto meltdown is wake-up call for many, including lawmakers
- PIF-backed Saudi Jordanian Investment Fund aims to invest $3bn in Jordan
- ‘Our ambition is enormous’ — UN World Tourism council kicks off two-day event in Saudi Arabia
- Saudi Arabia revises up Q1 GDP to highest rate since 2011 on oil activities
- PIF-backed investment fund invests $400m in healthcare facility in Jordan
- Apple offers glimpse at upcoming changes to iPhone software
- Saudi Arabia raises oil prices more than expected as Asia recovers: Bloomberg
- Saudi, Spain to strengthen global tourism as Kingdom prepares to host UNWTO summit
- Diriyah to become Saudi Arabia’s gateway to sustainable tourism
- US mulls lifting some China tariffs to fight inflation
- PIF takes 24% stake in Capital Bank Group with $185m subscription deal
- Electromin eyes more charging stations Kingdomwide as CEO wants to end Saudis’ reluctance to EVs
- Germany faces $5.4bn a year hit from Russian gas sanctions: Report
- Oman announces new oil discoveries, gas and oil deals with Iran
- Ancient city of AlUla welcomes modernity to encourage future tourism
- Red Sea Farms hopes to hit 30 hectares of desert farm operations by end of 2022
- Saudi water companies bet on hydrogen to beat climate change: IDA CEO
- Kerzner International adds to its ultra-luxury resort portfolio in MENA
- Up to 25% of tobacco sales in Saudi Arabia are illicit, says Philip Morris executive
- Saudi EXIM to boost average annual export financing to $7bn by 2026
- Personal finance loans drive Saudi finance companies’ total lending to $19bn in Q1
- Real estate lending in Saudi banks jumps 6.8% in Q1, as demand in retail segment grows
- US welcomes OPEC+ move to boost oil supply, recognizes Saudi role in achieving consensus
- ACWA Power to open world’s largest reverse osmosis plant in October
- Russia, Saudi foreign ministers praise cooperation within OPEC+, says Moscow
- Saudi government pushes for unified travel measures, platforms to ease air travel
- Royal Commission for Jubail and Yanbu to establish $1bn rubber tires factory
- Tech champions can help GCC to add $255bn to regional GDP by 2030, says report
- SWCC to open six desalination plants in Saudi Arabia by 2024: Governor
- Israel-UAE trade to exceed $2bn in 2022 as nations sign first free trade deal
- Saudi central bank net foreign assets grew by $1bn in April
- Saudi stock market suffers its biggest monthly decline in 2022: Monthly recap
- Microsoft reinforces startup revolution in Saudi Arabia
- NEOM prepares tender to build infra corridor connecting OXAGON with other projects: MEED
- UAE, China remain Saudi Arabia’s top non-oil export destinations
- Tourism direct contribution to Saudi GDP fell 61 percent in 2020, official data showed
- Key acquisitions have broadened Agthia Group’s profits, says CEO
- India's L&T ahead for NEOM $6.4-bn hydrogen renewables facilities: MEED
- UAE, China remain KSA’s top non-oil export destinations
- KAEC gears up to become the automotive capital of the region, CEO says
- Saudi investment minister heads Greece delegation to bolster strategic, trade relations
- Green startup to raise funds via NFT to clear plastics off the oceans
- Hilton to open 59 more hotels in Saudi Arabia in the next 10 years
- Dur Hospitality plans to open Rixos Jeddah Resort by 2023
- Saudi Aramco could swallow Shell and BP, says Brand Finance CEO
- Saudi Arabia’s NDMC closes funding activities for 2022 debt repayments at $11bn
- Inspired by Vision 2030, Taj Holding focuses on retail expansion
- Investment firm Amanat wants to revolutionize education in the Middle East
- Qatar Airways to revisit IPO plans after World Cup 2022
- ACWA Power, Air Products to develop another NEOM-like green ammonia plant in Oman
- Saudi stock exchange approves listing of $4bn government debt
- Big projects need to open doors for SMEs to drive tourism, says official
- Three more join impressive list of Red Sea resort operators
- World’s largest asset manager BlackRock appoints Suliman Algwaiz as chairman for Saudi unit
- Saudi Arabia to witness ‘a golden era of hospitality’ in next 10 years
- Fintech gains importance in Saudi as Cabinet approves sector's first national strategy
- BNY Mellon slapped with $1.5m fines in ESG case
- Google drives digital business worth $3.5 billion in Saudi Arabia in 2021
- Rotana Hotels to triple Saudi Arabia presence to 6,000 rooms by 2026, says president & CEO
- Kingdom Holding shares up 20% after Alwaleed bin Talal’s $1.5bn deal with PIF
- Riyadh hopes to ‘work out an agreement with OPEC+ which includes Russia,’ says energy minister
- Future Hospitality Summit begins in Riyadh on May 24 to discuss ‘reimagined horizons’
- Global ESG assets to hit $50tr by 2025: PIF Governor
- MENA’s first animal vaccine facility in Saudi aimed at reducing cattle diseases to start in 2024
- Billionaire Alwaleed bin Talal to sell $1.5bn stake in Kingdom Holding to Saudi sovereign fund
- Saudi cement sector performance slumps amid soaring energy prices
- Flash Entertainment plans a KSA office as sector booms
- China’s April Saudi oil imports soar 38 percent on year, Russian oil up 4 percent
- Saudi sovereign wealth fund considers new hydrogen company; developing 70% of vision 2030 renewable target
- PIF governor and BlackRock’s CEO leads discussions on ESG in emerging markets in FII’s first regional summit
- FII Institute unveils new inclusive ESG framework and scoring methodology
- PIF-backed Lucid Motors to set up first overseas production factory in Saudi Arabia
- Centennial, Colgate Energy combine to create $7bn oil producer
- China In-Focus: Electricity generation slips 4.3% in April amid Covid-19 repercussions
- Venture capital and microfinance firms should focus on startups, says Al Ahli Holding Group CEO
- Business leaders discuss post-pandemic inflation, SPACs, Metaverse at Top CEO forum
- Saudi Electromin rolls out 100 charging stations for electric vehicles across the Kingdom
- Oil falls 2% as US refiners ramp up output
- Investing in Metaverse is a waste of time: Futurist-in-Chief at Dubai Future Foundation
- Education, reskilling and upskilling driving Saudi Arabia’s growth, says Al-Tamimi
- Digital transformation, women participation are the need of the hour, says VP Visa CEMEA
- Bank of England official warns of tough times for crypto
- Bahrain state oil firm to appoint financial adviser, CEO says
- Egypt lowers its expected GDP growth to 4.5%
- NEOM ‘fully under Saudi sovereignty, regulations,’ says government official refuting inaccurate media reports
- No grain supply crisis in Saudi Arabia, SAGO deputy governor says
- Saudi crude oil exports in March see biggest monthly decline in a year
- Top CEO Conference and Awards to recognize industry leaders in GCC
- SAEI’s new MRO village in Jeddah projected to bring $2.7bn in revenues in 10 years
- Aramco beats analyst forecasts with $40bn profit; highest quarterly since listing
- PIF seeks global footing as it launches Saudi Coffee Co. with $320m investment
- Saudi annual inflation rises to 2.3% in April as costs of food & beverages bite
- Madina airport to revisit expansion to 12m passengers as pandemic wanes
- TRSDC takes AMAALA under its wings, springs distinct wellness flavor
- Saudi chemical giant SABIC achieves higher Q1 profit as sales hit $14bn
- Pagano sees contribution of TRSDC-AMAALA tourism projects to Saudi GDP at $9bn
- Saudi Arabia, US continue to explore cooperation in space sector
- Aramco profit estimates at $38bn, eyes world’s top-valued firm spot
- ICAO President encourages countries to echo Saudi challenging aviation targets
- Saudi flight academy expands domestic training sites to accommodate 1000 Chinese students: CEO
- Saudi finance ministry appoints Rothschild to supervise Binladin Group reconstruction: Bloomberg
- Saudi delegation reviews opportunities for cooperation in the Netherlands
- NEOM seeks to regenerate the area, offer ‘guilt-free’ vacations
- Aramco explores hydrogen energy cooperation with Thailand's PTT
- Saudi Space Commission and NASA’s Kennedy Center cooperate to exchange expertise, technologies
- Cryptocurrencies crash with Bitcoin falling to 16-month low
- Dubai airline Emirates embraces digital currencies and metaverse to attract new customers
- International airlines invest $1tr in fuel-efficient planes, says Boeing executive
- Bitcoin falls below $30,000 as US monetary tightening, surging inflation spook investors
- Saudi Arabia gives wings to urban air mobility
- Saudi Aramco briefly becomes world’s top-valued company as shares surge
- Airbus to manufacture brand new zero-emission aircraft by 2035
- Saudi Arabia announces new global air travel policy at Future Aviation Forum
- Arabian Travel Market: COVID-19 concerns to be key focus of four-day event
- Future Aviation Forum: Industry leaders gather for inaugural global event
- Jeddah’s King Abdulaziz International Airport gets new acting CEO
- Saudi Arabia’s mining sector achieved record revenues of $194m in 2021
- Saudi ministry studying steps to increase private sector’s role in urban development
- G7 leaders pledge further economic isolation of Russia
- Can sustainable aviation fuel provide the green alternative airlines need?
- Commercial airline passengers still apprehensive about flying in 2022, global survey warns
- Saudi banks boost retail real estate lending at a record pace
- Saudi Energy Minister among key speakers lined up for Future Aviation Forum
- Boosting productivity and developing supply chain excellence
- Global cooperation on climate is vital to drive sustainable tourism, Saudi minister tells UN
- Striving to be a partner of choice and a catalyst for success
- Saudi Arabia announces $6bn investments in steel complex, EV metals plant
- Alwaleed bin Talal not cashing out from Twitter; calling Musk ‘excellent leader’
- Supporting the industry’s emergence from COVID-19 crisis
- US Senate committee passes antitrust bill pressuring OPEC
- Saudi central bank raises interest rates in line with US Fed's decision
- Jeddah's landmark airport witnesses chaos amid flight delays and luggage woes during Eid holiday
- OPEC+ sticks to production targets; agrees modest output rise
- ADCB sees risks of global recession on the rise; not hitting worrying levels yet
- FlapKap charts an AI-based roadmap to fund startups
- Saudi banks embrace digital future with more closure of branches
- Gulf central banks raise rates as Fed hikes by 50 bps
- US Federal Reserve raises key rate by a half-point in bid to tame inflation
- Macro Snapshot — South Korea inflation hits over 13-yr high; German unemployment sinks as pandemic measures ease
- Saudi economy to witness 10% growth in 2022: Capital Economics
- Arib puts digital financing on fast track, raises $2.3m
- Online platform Zamzam puts Umrah pilgrims few clicks away
- US stocks gain, Treasury yields hit multi-year highs ahead of expected Fed rate hike: Reuters
- Oil falls on China growth worries as EU weighs Russian crude ban: Reuters
- Chinese EV company CH-AUTO to go public via $1.7 bn SPAC deal: Reuters
- Squadio teams up to expedite talent on cloud
- As crypto gains credence, car-hailing app covers the territory
- Saudi March bank credit to private sector sees highest increase in year: SAMA
- Residential, retail, office stock boost in Saudi Arabia in Q1: JLL
- Foreign ownership in Saudi stock market soars to $70bn in 2021: CMA report
- Oil extends gains as supply fears outweigh China lockdowns: Reuters
- Growth in Saudi Arabia’s net foreign assets resumed in March
- UAE’s DEWA launches next phase of its $1.9bn smart grid strategy
- Saudi Arabia issues 5,319 commercial registers for entertainment sector in 2022: Al-Eqtisadiah
- Saudi Energy Ministry plans pre-qualification for Yanbu project by Q3: MEED
- Mauritius supports Saudi Arabia’s hosting of Expo 2030 as it’s the best candidate: Minister
- UAE’s Aldar Properties targets $2bn in sales this year, says CEO
- Standoff with Lebanon banks could derail IMF deal, minister says
- Turkish, Saudi finance ministers discuss economic cooperation
- Russia halts gas to Poland, Bulgaria, demands payment in rubles
- Cloud computing helps power strong Microsoft quarter
- Russia suspending gas supplies to Poland, Bulgaria
- Saudi aviation authority steps in to calm angry travelers as ticket prices skyrocket
- Aramco's top technology officer says oil giant leads global innovation wave amid surge in patents
- Umrah resumption boosts sales of clothing and textile retailer Thob Al Aseel: CEO
- Dubai issues 18,013 e-Trader licenses in five years
- Saudi lender Bank AlJazira reports a 17% rise in net profit in Q1
- Saudi non-oil exports averaged $6.5bn over the past 12 months
- Saudi agri-tech startup Red Sea Farms raises $18.5m
- David Henry is named CEO of the Prince Mohammed Bin Salman Nonprofit City
- Former Nissan boss Carlos Ghosn: ‘Am I guilty or innocent? Let’s finish this ordeal’
- Saudi non-oil exports averaged $6.5 billion over the past 12 months
- Saudi Arabia issued 260 new industrial licenses in Q1 2022: Ministry
- How changing geopolitical scenario is impacting investment opportunities
- Energy-hungry Bitcoin moves into sights of US environmental movement: Reuters
- NEOM pitches investment opportunities to more than 700 US business leaders
- TRSDC, AMAALA look into EVs, hydrogen cars as part of sustainable mobility solutions
- Saudi Green Initiative developing creative solution to tackle climate change
- Health, transport and social media: Top 15 innovative startups in the Middle East
- The Red Sea Project bets on biofuels to back-up its solar energy system
- How PepsiCo is helping Saudi Arabia improve irrigation, cut water use
- Saudi Arabia to invest $100m in Tourism Support Fund alongside World Bank: Minister
- Saudi Arabia’s The Red Sea Project to use biofuels to run all tourist facilities
- Saudi Home Loans shares close 30% higher on TASI trading debut
- Egypt cloud kitchen service The Food Lab raises $4.5m pre-seed round
- Saudi economy to witness fastest growth in over a decade in 2022: Capital Economics
- Saudi Arabia issues $2.6bn worth of riyals-denominated Sukuk in April
- Saudi Aramco gets CMA approval for capital increase to $20bn
- Saudi Arabia launches a new program to support SMEs exports
- Foreign investment in Saudi Arabia’s Tadawul surges to $93bn
- Saudi transport authority, TRSDC sign deal to enhance transport in Red Sea region
- High debt could slow countries’ economic recoveries, says IMF
- World Bank planning new $170bn crisis fund, says Malpass
- Number of Saudi females in ICT sector rises significantly in five years: Minister
- Shares in Saudi Arabia’s Al Rajhi Bank close at highest level since debut
- Tamimi forms JV with Italian, Japanese firms to offer smart farms in Saudi Arabia
- Saudi Arabia to continue blocking calls on apps not cooperating with regulations: Minister
- Oil Updates — Crude above $110 a barrel; Fire under control at Mexican refinery; EU targeting Russian crude
- Saudi billionaire Alwaleed bin Talal rejects Elon Musk’s offer to buy Twitter
- Dubai takes a big swing at crypto business, steps up game
- Saudi-based TruKKer plans global expansion
- Saudi SASCO adds another $530m loan for gas station operator acquisition
- SABIC fully owns Scientific Design after Clariant's 50% stake acquisition
- Ferrero to stop buying palm oil from Malaysia’s Sime Darby over labor concerns
- Oil prices up, Asian shares fall, trading muted with Good Friday holidays
- IMF chief calls inflation ‘present danger’ to world; economic growth expected to slow down — Macro Snapshot
- Dubai Investments earns $258m profit from the Emicool deal, says CEO
- Fitch revises Saudi Arabia’s outlook to positive, affirms rating at A
- Saudi annual inflation accelerated to 2% in March on higher gasoline; food & drink prices
- Oil Updates — Oil edges lower; traders to cut Russian purchases; Shell wins Brazilian auction
- Crypto rises, content creators invest in MoonPay, crypto expert jailed for helping North Korea: Crypto Moves
- Saudi realty financing firm SRC closes $2.7bn domestic sukuk program
- Shares in Saudi Arabia's largest lender SNB hit record high
- Drivers using ride-hailing apps earn $3,750 a month, says a Saudi transport official
- UAE approves digital economy strategy to boost sector's contribution to GDP
- PIF-backed world’s first electric racing boat officially hits the water
- TRSDC bags another international certification as contracts awarded hit $5.33bn
- Dubai’s PMI hits 33-month high in March
- Italy PM signs Algeria gas deals to reduce Russia reliance
- Saudi Arabia’s SIIG to fully acquire Petrochem shares
- SABIC shares drop even as shareholders approve $3.2bn half-year dividends
- Profits of Saudi dairy giant Almarai climb 9% to $112m in Q1
- Lending to Saudi micro and small businesses to grow in 2022
- PIF-owned SAMI, Boeing partner in bid to scale up Saudi aviation sector
- Work starts at world’s largest green hydrogen project in NEOM
- Tadawul implements largest enhancements in Saudi capital market’s history
- Saudi finance minister calls Arab financial institutions to review strategies
- Saudi housing ministry to levy fines on non-fenced vacant land from July 1
- Oil Updates — Crude falls; Indian refiners to cut Saudi oil, Russian exit to cost Shell up to $5bn
- Arabian Drilling Co. hires banks for $1.4bn-plus IPO
- Jadwa Investment revises Saudi Arabia’s 2022 inflation forecast higher to 2.4 percent
- Work starts at world’s largest green hydrogen project in NEOM with a $900m EPC contract
- Al Moammar, Fransi Capital launch a $40m VC fund to invest in Saudi technology startups
- Global sovereign debt to hit new high; Italy cuts growth forecasts — Macro Snapshot
- Mideast’s air traffic up 215.3% in February: IATA
- 2% of households in Saudis use solar energy: GASTAT
- Rehla CR spots new opportunity in mobility space
- Fintech Lendo to launch new financing products for Saudi SMEs
- PIF push to propel Saudi construction market to pre-pandemic levels
- Saudi Arabia’s non-oil private sector activity records fastest growth in 4 years
- Swvl raises $8m in latest funding round following Nasdaq market debut
- Oil exports help Saudi Arabia’s current account touch $26bn in 4Q of 2021
- Saudi Arabia's solutions by stc to buy controlling stake in Egypt's Giza System for $158m
- Oil Updates – Crude falls, climate activists arrested, Mexico suspends gasoline subsidy
- Saudi economy to grow 7.7% in 2022: Jadwa Investment
- Egyptian startup Trella blazes the trail in trucking business
- Dubai’s DEWA boosts retail size in IPO amid strong demand
- Saudi Arabia, Middle East invest heavily in solar power, says Nextracker executive
- GCC not at risk of food insecurity but inflation as Ukraine crisis disrupts supply
- Israel and UAE agree ‘milestone’ free trade deal
- Moscow says firms’ foreign-listed depositary receipts will be forced to return to Russia: Reuters
- OPEC+ sticks to current oil output plan despite consumers’ pressures
- Swvl to begin trading on US’s Nasdaq at $10 per share
- Unemployment among Saudis falls to 11.0% in Q4 as economy strengthens
- OPEC+ ministerial committee recommends sticking to current oil output plan
- Putin tells Scholz gas payments can continue in euros: Berlin
- OPEC+ likely to stick to existing oil output deal as Barkindo calls members to be vigilant
- Saudi Arabia deposits $5bn in Egypt to help with attracting investments in foreign currencies
- PIF-backed Dussur signs 4 joint ventures, global acquisition deal
- GCC banking sector sees a good year after profits surge 40% to hit $35bn
- GEC witnesses $8bn investment on second day
- Saudi Central Bank’s net foreign assets fall for third month in a row
- Saudi Arabia sees number of Umrah performers increasing by 11.61% in 2021
- GEC sees deals worth more than $4bn struck on first day
- GEC 2022: Business licenses issued that could create 2,400 new jobs in Saudi Arabia
- Capital growth in Saudi Arabia at $3.2bn, says CMA Chairman
- Nahdi's profit drop comes as a surprise following strong debut on TASI
- Saudi Arabia to develop technologies to limit risk to planet, says energy minister
- ACWA Power’s IPO grant to staff brings down 2021 profits: CEO
- Saudi Arabia supported SMEs with $80bn: Monshaat governor
- Saudi Arabia is interested in developing small nuclear reactors: Energy Minister
- Saudi companies vie to make a mark in global export market
- How Saudi Arabia is nurturing its small and medium entrepreneurs
- Wärtsilä president says GCC should focus on hydrogen-energy potential
- PIF’s SALIC acquires 35% of Olam Agri for $1.24bn
- S&P revises Saudi Arabia’s outlook to positive; affirms credit rating ‘A-/A-2’
- Saudi Arabia’s rise as global startup hub attracts Egyptian entrepreneurs
- UAE women entrepreneurs break the glass ceiling
- Qatar stands in solidarity with Europe and will not divert gas supplies, says energy minister
- DEWA eyes $2.2bn in Dubai’s first-ever IPO of a state-owned entity
- Gulf stocks to outperform international markets in 2022: Morgan Stanley
- Saudi non-oil exports increase by 27.5% in January
- OPEC officials tell EU of unease about proposed ban on Russian oil, sources say
- Euro weakens as Biden carries new sanction plans to Europe — Macro Snapshot
- Saudi corporations join PIF, Tadawul carbon market initiative to lower emissions
- Saudi Arabian land bridge project costs could reach $26 billion
- Masar Makkah invests $160m to build hotel for visitors and pilgrims to city
- How a Saudi luxury tourism site uses underground water to lure visitors
- Saudi Arabia says it isn’t responsible for oil supply shortage from attacks on its facilities
- Transport minister doesn't rule out future Riyadh road fees; City metro to start by end of 2022
- Nahdi hits $5.2bn market cap as shares soar in top Saudi debut since Aramco
- Saudi Aramco aims to launch 140 energy projects in 3 years
- Fed prepared to raise interest rates ‘aggressively,’ says Powell
- $214m King’s College Hospital to launch in Jeddah by the end of 2023
- NEOM launches ENOWA to ensure sustainable energy and water systems
- Saudi Arabia, Kuwait agree to develop joint Dorra gas field
- Aramco CEO says news on Saudi oil sale in Yuan is speculation as Capital Economics rules it out
- Aramco CEO on Russia-Ukraine crisis, post-pandemic market fundamentals — Key takeaways
- Amin Nasser on renewables, chemicals, oil & gas plans — Aramco earnings
- Three of Egypt’s largest national banks launch an $85m fund to accelerate the fintech sector
- Around 100 firms plan listing on Saudi stock markets: El Kuwaiz
- Saudi pharma operator Nahdi attracts $1.8bn in IPO from retail investors
- Moody’s affirms the ratings of Saudi Telecom and Saudi Electricity, withdraws BCAs
- Saudi Arabia’s networking platform Playbook nurtures female ambitions
- Capital Economics rules out complete Saudi shift to yuan in oil deals
- SADAFCO eyes market domination with launch of $34m ice cream factory in Jeddah
- US, Russia step up crypto war; Facebook sued: Crypto Moves
- Saudi Exports Authority organizes a trade mission to Jordan
- Private equity hits record high with buyout deal value reaching $1.1tn in 2021
- World to miss carbon zero target on current trajectory: BP
- Oil heads for weekly loss as prices stay above $100 a barrel
- PIF-owned ACWA Power’s shares rise despite lower profits
- Fed hikes interest rates; Russian inflation accelerates to highest rate since 2015 — Macro Snapshot
- Saudi Public Investment Fund to invest in Egypt
- British PM’s visit to Saudi Arabia to pave way for a free trade deal, more business ties
- IEA cuts oil demand outlook, fears Russia supply ‘shock’
- State-owned SEC’s profits jump fourfold to $3.8bn on Saudi energy sector reforms
- Saudi GDP in 2021 rose by the highest rate in six years thanks to non-oil activities
- Fed hikes interest rates; Russia's inflation accelerates to highest rate since 2015 — Macro Snapshot
- GCC central banks raise interest rates in line with US Fed's move to tackle inflation
- Insuring against SoftBank’s debt default rises to 2-year high as value of its holdings slumps
- DEWA becomes Dubai’s 1st state-owned entity going public in biggest ever IPO
- Long-term sukuk remains well placed to face global headwinds, says Franklin Templeton CIO
- Saudi National Development Fund to inject $152bn in local economy by 2030, Crown Prince says
- Saudi Al-Dawaa tops TASI with $1.8bn market cap on market debut
- Saudi-US chemical JV Sadara turns into profit, erasing $853m in losses
- Austria assures support to Saudi Arabia in digital and climate transformation
- GCC better positioned to sail through challenging waters of Ukraine war
- PIF-owned Elm reports a 85%-profit hike in its first Post-IPO earnings
- Zamil partners with Spain’s Navantia to build interceptors for Royal Saudi Navy
- SAMI to add 1,500 jobs in 2022 with focus on hiring more women, says CEO
- Biden’s crypto order kicks the can down the road on digital assets: Crypto Moves
- Filteroff brings event dating to Art Dubai fair
- How GCC, China can strengthen their trade relations
- Zamil partners with Spain’s Navantia for RSNF Avante 2200 corvette project
- Saudi Arabia startups secure more than half of MENA funding in February 2022
- Saudi Arabia to host 180-country Global Entrepreneurship Congress
- Deutsche Bank rebuked over remaining in Russia as others quit: Reuters
- Oil update — Putin says Russia is meeting energy supply obligations, calls sanctions illegitimate
- Saudi January industrial output sees third highest rise in 3 years
- Aramco’s JV to develop 300k bpd refinery, petrochemical complex in North China
- PIF-owned TAQNIA ETS plans 30% rise in workforce with focus on Saudis
- CERAWeek — Industry leaders say scarcity of gas a greater worry
- Saudi Arabia hits female labor force target almost 10 years early: Uber report
- Why female CEOs can be just as corrupt as men
- NEOM gets its first-ever deputy CEO as its financial needs advance
- Apple’s new budget iPhone will be faster and more expensive
- Nickel prices surge, leading to trading suspension
- CERAWeek: Aramco CEO says Ukraine invasion has accelerated global energy crisis
- International women's day: How female entrepreneurs are impacting GCC business
- International women's day: From train drivers to ice cream parlors — Saudi women take new jobs
- World Defense Show: SAMI spending set out on second day of global event
- Saudi Arabia’s Crown Prince inaugurates World Defense Show in Riyadh
- Saudi stocks rise slightly as oil prices soar: closing bell
- Profits of Saudi Yanbu Cement drop 43% in 2021 as selling prices fall
- CMN Naval launches the world’s fastest autonomous interceptor during WDS in Saudi Arabia
- Top defense topics ranging from interoperability, electronic warfare to sustainability dominate WDS on Day 1
- Misk reveals details on the masterplan for Prince Mohammed Bin Salman Nonprofit City
- SAMI aims to become one of the top-25 defense companies by 2030, says CEO
- AMAALA project's first phase to be completed by the end of 2024, says TRSDC CFO
- The Red Sea project secured capital for 1st phase; moving into operations: CFO
- KSA, UAE lead military R&D spending in GCC to build domestic capacity
- Asian shares fall as Russian troops gain ground in Ukraine: AP
- Ukraine Crisis: Markets react to Russian assault on nuclear power station; oil prices rise
- Oil rises as Biden pressured to ban Russian crude imports
- Ukraine adds Dogecoin to list of accepted cryptocurrencies: Crypto Moves
- OPEC+ agrees to stick to existing plan
- Oil hits almost decade high before Iran throttles the rally
- Aramco shares up 3.4% to another record high in early trading on Thursday
- Ukraine Crisis: Fitch and Moody’s slash Russia’s rating to junk; Ruble collapses
- OPEC+ agrees to stick to existing plan: Reuters
- Saudi Aramco’s market cap hits $2.3tn after another record share rise
- Ukraine Crisis: European gas prices hit record high; Boeing, Apple & Exxon cut business ties with Russia
- World’s exciting startups to chase Saudi Arabia's massive defense market
- Nations agree to release 60 million barrels of oil amid war: IEA
- All eyes on Wednesday's OPEC+ meeting amid rising geopolitical tensions
- Riyadh to see its 30% EVs target possible with Kingdom's 1st Lucid plant
- Bahrain-based GFH plans listing on Tadawul, ADX
- Saudi miner Ma’aden shares hit record high after earnings beat; capital boost
- TASI regains momentum, amid retreating oil prices and positive earnings: Closing bell
- Saudi Arabia discovers new gas fields in four areas
- Ukraine Conflict Day 2: Asian, US stocks rebound; oil prices jump; cryptos are on the rise
- BNPL culture on the rise among GCC Millennials, Gen Z
- Red Sea resort to keep tourist numbers at environment-friendly levels: Official
- Demand for posh houses and offices in Saudi Arabia and UAE to trigger real estate demand
- Ukraine Conflict Day 1: Gold Up; Oil breaches $100; Cryptos sinking; Rouble suspended
- Oil pushes back above $100 as Russian troops close in on Kyiv
- Saudi Aramco close to catching Apple with $2.24tn market cap
- Saudi PIF opens New York, London, Hong Kong offices as part of global expansion
- Saudi stocks plummet as oil prices rise following Russian invasion of Ukraine: Closing bell
- NEOM tops wish-list for Saudi home buyers, TRSDC is 2nd, survey shows
- ACWA Power led consortium close financing for $1.59bn loan to supply TRSDC with clean energy
- Qiddiya awards $750m contract to build Kingdom’s first, region’s largest water theme park
- Aramco closes $15.5bn gas pipeline deal with BlackRock, Hassana, other global investors
- Saudi Aramco hits $2.2 trillion market cap on record-high share prices
- PIF-owned ADES secures $1.6bn syndicated loan from banks
- Germany’s Scholz halts Nord Stream 2 certification amid Russia/Ukraine tensions
- Oil likely to hit $100 as worries of supply disruptions, limited spare capacity rise
- Aramco in talks with Chinese companies for new investments, confirms CEO
- Profits of Saudi telecom giant stc climb 3% to $3bn in 2021
- High-carbon intensity producers won't be part of future oil market: Aramco chairman
- Indian industrialists hope for ‘free flow’ of trade after landmark deal with UAE
- Going green saved us $191bn, says UAE energy minister
- Saudi pharmacy chain Nahdi posts $226m net profit in 2020 ahead of planned IPO
- NEOM project has been fast tracked to meet deadline, says top executive
- When it comes to oil prices, bank on demand not Iran
- Saudi pharmacy chain Al-Dawaa targets to exceed 1000 stores after $500m IPO
- Luxury global hospitality brands open up on Saudi Red Sea coastline in flurry of announcements
- PwC AlUla seeks to invest in local talent
- AlUla aims to draw 250,000 visitors in 2023, CEO says
- Expo 2020 Dubai participation boosts Kosovo’s ‘chances of getting UN membership,’ says minister
- Bitcoin no safe haven as Ukraine tensions ramp up; FBI launches crypto unit: Crypto moves
- Saudi stock exchange to start options trading on single stocks for more liquidity: Bloomberg
- SEDCO Holding completes sale of Arabian Entertainment Co. to US firm
- Saudis see long-term job stability in tourism, government study shows
- Football club Ghazl El Mahalla shifts stock exchange listing to April
- UAE prepares national crypto licensing: Bloomberg
- Saudi Arabia sees a 770% growth in venture capital investments
- India and UAE to sign trade deal worth $100bn
- IAEA helping Saudi Arabia to develop nuclear power, says its chief
- Moody’s sees Aramco-PIF $80bn transaction as credit positive
- Saudi Arabia’s PIF among bidders for stake in Starbucks franchise: Bloomberg
- Saudi Arabia issues $3.5 bn in SAR-denominated sukuk program for February
- Saudi workforce rate hits 50%, reveals minister
- TASI edges higher as oil prices rise: Opening bell
- Elm to make TASI debut on Wednesday after $820m IPO
- PwC Middle East expands operations in Saudi Arabia with new office in AlUla
- Saudi PIF held nearly $56bn of US-listed stocks in December 2021
- Geopolitics raising oil prices, but Russia won’t invade Ukraine: UAE energy minister
- South Korea’s Doosan to build $834m steel casting plant in Saudi Arabia
- Trade between Brazil and Arab region up 44% last year: Brazilian Chamber of Commerce
- Ireland plans €100m food exports to Saudi Arabia, eyes more shipments to Middle East
- Saudi big pharma Al-Dawaa sets IPO price range, begins book-building
- SPACs may reshape Gulf financial markets
- As SNB celebrates fastest and biggest merger, some clients struggled to find their way
- Aramco shares slip after $80bn stake transfer to Saudi wealth fund
- Al Rajhi Capital sees Saudi oil revenues jumping following Aramco's share transfer to PIF
- Tech-savvy Saudi youth key to Kingdom's leap into digital economy: Huawei exec
- Saudi economy back to growth in 2021 as non-oil activities lead pandemic recovery
- Saudi ports cargo up 5% in January
- TASI recovers slightly as oil prices rise: Closing bell
- Saudi NEOM, MBC Group to create first regional AAA games studio
- Abu Dhabi's ADNOC Drilling Co. net profit up 6.1% in 2021
- Strong oil output pushes Saudi industrial production index to highest since June
- Maersk expects supply chain chaos to continue in 2022
- Feds arrest New York couple, seize $3.6bn in stolen cryptocurrency
- stc unit enters Pakistani market with AWAL Telecom acquisition
- Saudi Arabia’s Elm IPO 1,311% oversubscribed to reach $3.2bn
- Saudi workers lead Central Jeddah project, says CEO
- Fitch downgrades 11 Kuwaiti banks and keeps outlook stable
- Algae the key as KAUST seaweed biotech aims to boost Kingdom’s fisheries
- Saudi Arabia targets a 13.5m bpd capacity energy minister tells Time magazine
- Saudi Arabia to convert 4,000 factories to use 4IR technology: Minister
- Saudi Arabia’s first international military fair sells out all exhibition space
- Central Bank of Kuwait net foreign assets suffer biggest fall in at least 30 years
- Bahrain introduces “golden” permanent residency visas to attract talent
- Saudi fisheries program CEO lays out $4bn investment plan
- Australia-based Avass Group inks MoU with Saudi Prince to manufacture electric vehicles, lithium batteries
- Bids for Saudi new large mining site to close in Q2, says mining official
- Saudi mining law ‘inspired by Canada, Australia, and Africa’, says international lawyer
- Saudi strategy will make KSA a mining hub, industry pundits believe
- Saudi Arabia launches national military academy to meet 800 needed skills
- With hundreds of millions in deals LEAP shows Saudi momentum in tech advances is paying off
- Bids for Saudi new large mining site to close in Q2, says mine official
- Saudi mining law ‘inspired by Canada, Australia, and Africa’
- Egypt adds 3,000 hotel rooms through 19 new hotels in 2021
- Middle East AI firm Mozn raises $10m to enhance Natural Language Understanding engine
- Kingdom kicks off its dream of a Saudi Silicon Valley with an Apple-inspired Garage
- Oil rises further above $90, headed for seventh weekly gain as freezing weather strikes
- Saudi Arabia's PIF holds $1.2bn stake in Japanese gaming firms Capcom, Nexon: Bloomberg
- ‘Come and find us’: Red Sea Company calls for tech start-ups to get in touch
- Saudi Arabia will lead the way in green energy tech, vows minister at LEAP
- SABIC's CEO sees headwinds to petrochemical demand growth in 2022
- SABIC shares down 1.62% despite significant 2021 earnings beat
- Saudi chemical giant SABIC reports a massive rise in 2021 profit
- Dell plans to spend over $20bn in 5 years as data is the world’s new oil
- Saudi Arabia to become a top global tech hub, Lenovo manager says
- Access to ‘competent’ talent one of the world’s most pressing issues, Cisco executive says
- NEOM’s tech arm moves from spending to luring investors as it plans “world's first truly metaverse platform”
- With fear of $100 oil back, OPEC+ is heading into a tough meeting
- Saudi Arabia to develop cooperation in digital economy with Bahrain, Finland
- AI can solve supply chain crisis, says SAP chief at LEAP
- Aramco launches $1bn venture capital fund at LEAP after a year in operation
- Saudi Arabia ploughs $6.4bn into future tech, Minister tells LEAP
- UAE announces 9% corporation tax
- Saudi Arabia aims to create regional center for fisheries: minister
- Small-scale fisheries critical to food security goals in Saudi Arabia: FAO expert
- PIF-owned digital security firm Elm plans to collect $816m in IPO
- Technology key to unlocking region’s aquaculture potential: UAE minister
- Egypt ‘spent billions’ on lake restoration: minister
- Electric car construction will drive aluminum prices to 30 year high: Mining company CEO
- SIMEC: Saudi Arabia prepares to tap resource rich seas for fishing bounty
- KAUST leading Saudi Arabia’s progress in aquaculture
- SNB board recommends dividends of over $1bn for the second half of 2021
- Retail e-payments exceed Saudi Vision target in 2021, Central Bank says
- Saudi Arabia to host the 14th edition of global oil and gas conference
- End of Facebook’s cryptocurrency dreams points to challenges for stablecoins
- NAFT to increase to 500 gas stations in Saudi Arabia thanks to $300m Saudi Automotive Services deal
- Commerce Minister bets on Saudi to be among top 10 global competitive economies by 2030
- Who’s coming to Saudi Arabia’s LEAP conference
- French construction design firm Clestra Hauserman opens regional HQ in Riyadh
- Saudi Arabia gaming consumption expected to hit $6.8bn by 2030: BCG report
- Saudi Arabia, Iraq sign electrical interconnection agreement
- Dairy giant Saudia to ‘grow as fast as Saudi GDP’ as it delights customers, CEO says
- Saudi Arabia to host LEAP tech conference to address future challenges
- Oil demand will exceed pre-pandemic levels by the end of this year, Aramco’s CEO says
- Saudi Arabia, Iraq work on data center, annual economic forum to promote trade
- IKTVA contributed $100bn to Saudi Arabia economy: Aramco Chairman
- Saudi dairy giant Almarai posts 21% profit drop amid pandemic challenges
- Brace for the trading week on Tadawul as earnings season comes into play
- Cyber security jobs top list of fastest-growing roles in Saudi Arabia, LinkedIn study shows
- Saudi Crown Prince launches Boutique Group to develop Kingdom’s historical palaces
- World’s first hydrogen tanker to ship test cargo to Japan from Australia
- Lebanon’s 2022 draft budget forecasts 20.8% deficit amid financial crisis
- Twitter offers NFT profile pics; Bitcoin falls below $40,000: Crypto moves
- Oil falls from 7-year high after US inventory build
- US 5G rollout: Emirates to resume Boeing 777 flights to US
- Saudi energy ministry signs hydrogen projects with NEOM, TRSDC, other ministries
- Saudi Arabia will dominate the hydrogen market, energy minister says
- South Korea, GCC expect free trade deal within 6 months as negotiations resume
- TRSDC closes financing for $3.76bn loan from four Saudi banks
- Saudi IPO market leads the GCC in 2021: Kamco Invest report
- Why airlines fear 5G will upend travel this week?
- Emirates, ANA cancel some US flights over 5G rollout
- Egypt raises minimum wage to $172 for public sector employees
- Saudi PIF plans a green hydrogen project with Korea's Posco and Samsung C&T
- Aramco signs 10 agreements during Saudi-Korean Investment Forum
- Crude oil’s latest bull run puts spotlight on geopolitical events
- Two new firms to join Saudi Exchange’s parallel market on Tuesday
- PIF's new AI company launches operations
- Saudi pharmaceutical company SPIMACO to produce Swiss-firm’s medical treatment amid $64m deal
- Saudi energy minister: It's US prerogative to draw on strategic oil reserves
- Egypt completes a $3bn loan for green and Islamic financing
- Startup of the Week: Saudi fintech joins battle for US retail investors
- Bank of America analyst says Solana could take market share from Ethereum: Crypto Moves
- Government deposits with SAMA in biggest monthly drop since 2016
- Saudi’s Social Insurance office shakes-up stock market investments in 30 companies
- Souq founder remains MENA’s online guru at Amazon
- Mixed fortunes for startups during the financial crisis in Lebanon
- Stocks stumble, yields jump on rates outlook; oil rallies
- Brent crude approaches $85, heads for fourth weekly advance
- Batic to acquire stake in Smart Cities Solutions for $3.19m
- No external interference in OPEC+ decision, Saudi energy minister says
- Mining industry can earn the thanks of the world, says Saudi minister
- Foundation stone laid for wind power project implemented by ACWA Power worth SR1.1 billion
- World needs more copper if it wants to move away from fossil fuels: Ivanhoe Chairman
- Barrick Gold strengthens its partnership with Ma’aden to uncover gold, copper in Saudi Arabia
- Environmental protection key to getting investment, says Saudi minister
- Aramco acquires stakes in Polish refiner amid expansion efforts
- Saudi Arabia and Tunisia sign deal to develop renewable energy
- Saudi Arabia to triple size of its rail network
- AS IT HAPPENED: Future Minerals Forum, Day 2
- ‘Our uranium is key to achieving energy transformation’: Saudi minister
- Saudi Arabia to establish first private equity fund for $26m dedicated to tourism investing
- Oman and UK discuss cooperation in clean energy, investment
- France plans investment fund to secure minerals supply
- Two high-level ministerial meetings kick off Future Minerals Forum in Riyadh
- An ex-engineer at Saudi miner plans to fill a gap in Kingdom’s value chain
- South Africa seeks two-fold hike in mining sector investments
- Egypt unveils plans for investments in its mining sector
- Saudi fintech investment jumps as regulators set 2021 landscape: Year in Review
- ‘Neom Coin’ started trading on BitMart, but it’s not connected to Saudi Arabia’s NEOM
- Oil price rises as Kazakhstan turmoil adds to supply concerns
- Riyadh futures minerals forum to unearth potential of Saudi mining industry
- The rise of cryptocurrencies: Year in Review
- Saudi Arabia’s ‘unprecedented growth’ set to cement position as M&A leader in 2022
- New privatization rules signed off in Saudi Arabia to encourage investors
- Copper is offering renewable energy opportunities in minerals-rich Kazakhstan despite political turmoil
- Kazakhstan update: Oil market ‘jitters’ after unrest in central Asian country
- Qiddiya — a global tourism destination is in the making: Year in Review
- Kazakhstan update: Key oil field hit by protests; uranium output unaffected
- Soudah Development eyes 2 million annual visitors over 3,000 meters above sea level: Year in Review
- Farewell 2021, the year that put OPEC+ back in driving seat: Year in Review
- TRSDC — More than just a sustainable tourism site powered by green energy: Year in Review
- Farewell 2021, the years that put OPEC+ back in driving seat: Year in Review
- Dividends recover for Saudi Arabia’s 10 biggest companies after pandemic: Year in Review
- Saudi bourse sees positive start to new year despite omicron surge: Closing bell
- Farewell 2021, the years that put OPEC+ back in driving seat
- Global stocks end 2021 with losses after a strong year
- Goodbye to 2021’s loose money and hello to 2022’s inflation fighting: Year in Review
- How Saudi economy came out of the pandemic in 2021: Year in Review
- Saudi stock market ends 2021 with highest jump in 14 years despite omicron worries
- Saudi Central Bank to use Bloomberg auction system from January 2022
- Oil set for biggest annual advance since 2016 on producer restraint
- What does 2022 hold in store for crypto? Prediction roundup
- Murabaha, Tawarruq gain in importance as financing tools at Saudi Islamic banks
- Non-Saudi’s money transfers out of the Kingdom drop to lowest level since July
- King Salman calls for continued commitment to the OPEC+ agreement
- Saudi Arabia plans to generate over 15,000GW/h from renewables by 2024
- Saudi Central Bank extends deferred payment program for SMEs impacted by COVID-19
- Real estate is 2nd contributing sector to Saudi GDP, housing minister says
- Oil drives Saudi Arabia’s 3Q current account surplus up 149%
- Saudi CMA approves listing of Al Nahdi Medical, SHL in new wave of IPOs
- Saudi mining revenues hit highest level on record
- Brent nears $80 as market shrugs off Omicron
- Riyadh 2030 strategy to be finalized in 2022, SPA reports
- Saudi stocks stay in green, as TASI likely to record biggest annual leap in decade: Closing Bell
- Saudi Central Bank’s assets go up by 2% in November to hit $504bn
- Oil prices rise about 3% as omicron concern eases
- World’s largest crypto platform gets initial approval from Bahrain’s central bank: Crypto Moves
- Saudi bourse closes marginally lower on lingering omicron worries: Closing bell
- Saudi Arabia to fully employ locals in 3 sectors to create up to 10,000 jobs
- Saudi mineral potential is ‘enormous,’ Ivanhoe chairman says
- US government grants $1bn for Nebraska hydrogen project
- What you need to know as Tadawul approaches 2021’s trading season finale
- Saudi stock market close to hit its biggest annual leap since 2010: Opening bell
- Majority of young Saudis are interested in tourism than oil and gas careers: TRSDC Study
- Saudi national debt office completes $33.3bn borrowing plan for 2021
- 2021: the year crypto went mainstream
- Saudi Arabia’s National Building sets up unit of Ukrainian aerospace firm Yuzhmash
- World's largest cryptos platform moves Singapore chief to head Middle East from Dubai
- Saudi Arabia prepares 100 plants for the fourth industrial revolution
- Analysts expect Bitcoin to fall in 2022: crypto wrap
- Saudi grain organization will buy wheat with an exceptional increase from local farmers
- Europe may see further gas price rises after October record
- Saudi market regulator approves 70.3 million shares as this year’s IPO tsunami continues
- Saudi stocks end week higher on IPOs and dividends wave: Closing bell
- Saudi ACWA secures $1.33bn to power world's largest sustainable tourism site
- Marriott, Diriyah Gate sign deal to open Ritz-Carlton and Luxury Collection hotels
- TRSDC's international airport joins IATA's network of global terminals
- Jahez to start on Dec. 23 collecting $427m in Nomu’s biggest IPO in 2021
- Saudi state-owned KFSHRC turned into independent healthcare provider
- ACWA Power closes $1.33bn financing for world's largest sustainable tourism project TRSDC
- With Hejazi and Najdi dialects, Amazon’s Alexa goes hyperlocal in Saudi Arabia
- Saudi Arabia ends the year with local sukuk issuance of $110.5m
- BNY Mellon, SNB Capital data service to help investors in KSA manage big bets
- Women-led startups among finalists in PIF’s Sanabil, 500 Global accelerator program
- Dubai World Trade Centre to set up specialized crypto zone
- Saudi Arabia to privatize all its airports: GACA
- PIF's Sanabil leads $75m round for Sary as Saudi B2B platform plans GCC expansion
- ACWA Power won Uzbekistan's first public tender for a wind farm with lowest tariff of $2.57
- Saudi startups trail Egyptians in VC deals despite 400% increase in Q3 funding
- What to watch for on Tadawul Dec. 19, 2021
- Crown Prince launches Jeddah Downtown $20bn master development plan
- Saudi Fashion Professional Association to be launched before new year says president
- Forecasters see Saudi inflation in 2020 below 2%, given no change in VAT
- Oil prices slide toward weekly loss as COVID-19 uncertainty weighs
- Saudi holdings of US Treasuries drop to four-year low in October
- Riyadh starts campaign to host World Expo 2030
- ESG faces backlash as investment falls
- Saudi Arabia needs oil prices at $70-$75 to see a surplus: Jadwa
- Saudi oil exports and production hit highest level since April 2020
- Saudi bourse notches fourth day of gains, TECO hits eight-year high: Closing bell
- PIF raises $3.2bn from sale of 120m stc shares
- GCC states’ inflation is predicted at 2.1% in 2021 due to higher costs of raw materials
- Saudi inflation rate rises for 3rd consecutive month to highest level since June
- Gulf economies see 3.1% growth in 2021 on higher oil production: report
- Saudi Arabia sees spending on power and renewable projects to hit $293bn
- PIF, stc complete $3.2bn secondary public offering
- Saudi energy minister warns of a supply crisis due to lower energy investment
- Riyadh to host 42nd GCC summit today as economic ties grow
- PIF to exceed Q2 objective with assets under management of $480bn
- Saudi Arabia needs $75 oil price to achieve 2022 surplus: Al-Rajhi Capital
- Saudi economy to grow by 7.4% in 2022 to near $1tr, finance minister says
- Saudi Arabia predicts $24bn budget surplus in 2022
- Saudi finance minister says Kingdom is expected to record surplus in 2023 and 2024
- Saudi PIF to invest $40bn locally in 2022, says Crown Prince Mohammed bin Salman
- Saudi Arabia and Kuwait working on increasing oil production from Khafji and Wafra
- Saudi mining facilities hit 360 as Kingdom launches database for investors
- Saudi food delivery app Jahez plans to collect up to $428m from IPO
- Saudi Arabia, Bahrain study establishment of joint multidisciplinary holding company
- ‘Buy what you love and love what you buy’: Young buyers drive Saudi art market
- Saudi F1 Grand Prix helps Jeddah hotel rates to record
- Has omicron knocked the global supply chain back on its heels?
- Shipping prices rose 700% due to COVID-19: TASNEE CEO
- ‘With luck and pixie dust, you might find a gem’: Bahrain revives its pearl industry
- Chinese property giant Evergrande defaults for first time: Fitch
- NEOM to build Cognitive City security system to defend against cyber attacks
- Australia proposes central bank digital currency: Crypto Wrap
- Saudi Arabia and Greece sign cooperation agreement on maritime transport
- Biden order to make US government carbon neutral by 2050
- Saudi-Qatari business forum reviews economic, investment ties
- Saudi PIF aims to invest $5bn in Oman
- Over 170 companies delisted from major US stock exchanges in a year, says report
- Amazon launches Arabic-speaking Alexa in Saudi Arabia
- TASI up 0.79%, SADR hits an all-time high: Closing Bell
- Nissan says phasing out gas-powered cars depends on customer demand
- UAE shifts weekend to ‘align with global business hubs’
- Egypt reveals plans for electric cars, 3,000 charging stations
- Saudi eateries give tough competition to foreign outlets
- Aramco chief calls for a realistic approach to energy transition
- Aramco signs $15.5bn gas pipeline deal with global consortium led by BlackRock
- ACWA power to sign $7bn green hydrogen deal with Omanoil, Air Products
- Saudi Space Commission signs agreement with French counterpart
- Saudi stock markets bounce back after a tumultuous week: Market wrap
- Saudi, French firms sign 27 MoUs as Macron visits the Kingdom
- SAMI launches JV with French firm to build aerostructure components in Kingdom
- Aramco announces collaboration with French companies including hydrogen cars deal with Gaussin
- Saudi Competition Authority approves joint venture to sell, distribute Gucci products
- UAE financial literacy app raises $400,000 in pre-seed, prepares for $1.5m seed round
- Saudi Arabia to start mandatory e-invoicing first phase on Dec. 4
- Saudi economy to grow strongly in the fourth quarter, to rise 7.3 percent in 2022: Capital Economics
- Jeddah music center promotes Kingdom’s nascent entertainment sector
- Saudi Arabia, Foxconn eye an electric vehicle joint venture
- Russia gas no quick fix for European spot market: Analysts
- Tadawul’s TASI and Nomu wrap up a positive trading session, led by SADR, DWF: Market Close
- Saudi Arabia showcases NEOM in its first roadshow in London
- Saudi Arabia’s $100bn plan to become largest shale gas producer outside of the US
- OPEC+ sees little impact from SPR on market
- Discussions with India’s Reliance continuing: Aramco chief
- Saudi Arabia approves new authority for the Red Sea amid more steps to develop and protect it
- SMEs loans growth slows down in 3Q 2021
- Saudi government buys Saudi Electricity subsidiary
- Aramco to spend $68bn to develop its giant Jafurah gas field
- Saudi energy minister says too early to tell Omicron’s impact on oil demand
- Oil demand expected to reach pre-pandemic levels despite omicron fears: Aramco CEO
- OPEC+ likely to be cautious on oil demand at upcoming meeting, Vitol says
- TASI falls 4.5% to near 5 month-low: Market wrap
- How omicron is affecting Middle East markets
- Women comprise 50% of flyadeal’s staff as Saudi carrier to double its fleet
- Saudi stock market drops 5.3 as Omicron sparks global concern
- EFG Hermes fintech subsidiary to expand in Saudi Arabia in 2022 — CEO
- Sustainable fashion is not a trend, it’s a necessity, says e-commerce platform chief
- Saudi finance minister OKs amendments to unified GCC Customs Law
- Saudi financial sector remains resilient, more digital banks to enter market, says SAMA chief
- Bitcoin prices likely to double over the next 12 months
- Anghami to complete US merger ‘soon,’ CEO says
- Saudi Arabia applies spending cap despite oil revenues, says Minister
- Saudi egamers begin battle for $1.1m prize pot
- Saudi women seize startup culture with both hands
- World Travel & Tourism Council sees global spending on travel rising in 2022
- Retail, e-commerce lead record Saudi new foreign investment licenses
- Saudi finance minister says non-oil sector grows with economy gradually recovering from pandemic
- Saudi Arabia preparing for 160 privatization deals in 2022
- Foreign inflows in Saudi capital market have reached nearly $36bn, says CMA Chairman
- China says it will release oil reserves according to its needs
- India plans digital currency, to impose ban on unregulated cryptocoins
- Goldman Sachs says global oil reserves release ‘a drop in the ocean’
- US acts outside the IEA and releases oil from SPR to curb fuel prices amid analysts warnings
- Saudi economy to grow by 4.9% in 2022 on higher oil output, industry reports predict
- IMF warns El Salvador against using bitcoin as legal tender: Crypto wrap
- World’s largest computer chip enters Mideast to push AI adoption further
- Saudi Aramco VC arm invests in China’s NeuraMatrix
- Saudi Arabia’s TRSDC to deliver first underwater excavation on the Red Sea coast
- Oil prices rise to one-week high despite consuming nations' stocks release
- Egypt issues regulations for SPACs
- India's Reliance drops after slamming brakes on $15bn Aramco deal
- Saudi competition authority approves the acquisition of fast-food chain Kudu
- HungerStation’s partnership with AppGallery empowers customers
- Janssen, National Guard offer breakthrough genetic testing for leukemia patients
- Danube launches expansion drive with 3 new stores
- From farm to store: LuLu promotes local pomegranates
- SABB goes live with instant USD payments for corporates using Ripple technology
- TAQEEM grants real estate valuation license to LAND STERLING
United Arab Emirates
