Saudi Arabia committed to embracing sustainability-driven growth in tourism sector, minister says at WEF
The tourism sector in Saudi Arabia, which has undergone a transformative shift in recent years, must continue to grow with sustainable practices front and center, according to the country’s tourism minister. Speaking at a media briefing on Monday attended by Arab News at the World Economic Forum’s annual meeting in Davos, Ahmed Al-Khateeb said it […]
‘Unlock the full potential of human capital by making healthcare an utmost priority,’ Saudi minister tells WEF
Healthy, resilient, and productive human capital is the backbone of economic vitality, Faisal Alibrahim, the Saudi minister of economy and planning, told a panel discussion at the World Economic Forum in Davos on Monday. “However, we see an interesting story where we invest billions in energy, education and other solutions, but the investments in healthcare […]
Saudi banking sector poised for stability with 10% lending growth: S&P Global
Saudi Arabia’s banking sector is set to maintain profitability this year, with lending projected to grow by 10 percent, driven by corporate loans linked to Vision 2030 projects, according to a new analysis. In its latest report, S&P Global said that stable credit growth, fueled by lower interest rates and a supportive economic environment, will […]
Saudi rent now, pay later firm Rize closes $35m in equity and debt funding
Saudi real estate technology company Rize has closed an SR132 million ($35 million) “Series A” funding round to expand its presence beyond the nation’s capital. The round included a mix of equity and debt. funding and was led by Raed Ventures, with participation from SEEDRA Ventures, Aqar Platform, JOA Capital, Nama Ventures, and HALA Ventures. […]