Why tech startups should choose Riyadh as their MENA launchpad
Riyadh is becoming a leading destination for tech startups in the Middle East, fueled by Saudi Arabia’s Vision 2030 reforms, an advanced infrastructure, and robust government-backed incentives. The Saudi information […]
Industrial cities in Saudi Arabia’s Qassim region hit 77% occupancy rate, official reveals
Saudi Arabia’s Deputy Minister of Industry and Mineral Resources for Industrial Affairs Khalil Ibrahim bin Salamah. Industrial cities in Saudi Arabia’s Qassim region are performing at occupancy rates of up […]
Saudi CMA approves 3 parallel market listings in a single day
Three Saudi firms received regulatory approval to list on Nomu in a single day, underscoring growing investor appetite for the Kingdom’s bourses. Zahr Al Khuzama Aluminum, Sahat Almajd Trading, and […]
Saudi Arabia ranks 17th globally in competitiveness index as it outshines economic heavyweights
Saudi Arabia has maintained its spot in the top 20 of the World Competitiveness Ranking, ahead of global heavyweights like the UK, Germany and France. The Kingdom secured 17th position […]
Saudi Arabia, France discuss $2.6bn aviation sector investment potential amid flurry of deals
Investment opportunities worth more than SR10 billion ($2.6 billion) were set out at a high-level Saudi-French meeting amid a flurry of deals aimed at strengthening the aviation sector. Airport infrastructure, […]
Oil and gas important in times of conflict, Saudi Aramco CEO says
The importance of oil and gas can’t be underestimated at times when conflicts occur, something that was currently being seen, the head of Saudi oil giant Aramco told an energy […]
Saudi crown prince, Greek PM discuss Iran-Israel tensions in phone call
Saudi Crown Prince Mohammed bin Salman spoke on the phone on Sunday with Greek Prime Minister Kyriakos Mitsotakis to discuss the escalating situation between Israel and Iran, the Saudi Press Agency reported. […]
Saudi inflation holds steady at 2.2% in May
Saudi Arabia’s annual consumer inflation edged up to 2.2 percent in May, with rental prices emerging as the principal driver behind the increase. The uptick was fueled by an 8.1 […]
Manufacturing, mining sectors drive Saudi industrial growth to 3.1%: GASTAT
Saudi Arabia’s Industrial Production Index expanded by 3.1 percent year on year in April, driven by strong growth in the manufacturing, mining, and quarrying industries, official data showed. According to […]
Saudi commercial bank profits jump 16% in April, topping $2bn before zakat, tax
Saudi Arabia’s banking sector extended its winning streak in April, posting SR7.77 billion ($2.07 billion) in pre-zakat and tax profits, a 16 percent increase compared to the same month last […]