Saudi carrier flynas to expand operations across 4 hubs, official says
Saudi Arabia’s low-cost carrier flynas is set to expand operations across its four main hubs — Riyadh, Jeddah, Madinah, and Dammam — as part of an ambitious growth plan, according […]
Non-oil sector drives Saudi Arabia’s GDP growth to 3.4% in Q1: GASTAT
Saudi Arabia’s economy expanded by 3.4 percent year on year in the first quarter of 2025, propelled by robust growth in non-oil activities, according to official data. The estimates released […]
Saudi Aramco secures $5bn in bond sale to bolster financial flexibility
Saudi Aramco has raised $5 billion through a three-tranche bond issuance under its Global Medium-Term Note Program, the company said. The senior notes, which were priced on May 27 and […]
Saudi Arabia’s economic growth to outstrip US, UK, France in 2026: OECD
Saudi Arabia’s real gross domestic product is projected to grow by 2.5 percent in 2026, a rate that surpasses forecasts for the US, Germany, the UK, and France, according to an […]
Saudi airline flynas’ IPO oversubscribed by nearly 350%
Saudi low-cost carrier flynas finalized its initial public offering share allocation at SR80 ($21) per share, the top of its indicated range, following robust demand from institutional and retail investors. […]
PIF-backed D360 bank eyes global investors for Series A round
Saudi Arabia’s Public Investment Fund-backed digital bank D360 is in early talks with potential global investors as it prepares for a Series A funding round planned for the second half […]
Mining, entertainment sectors eye 100bn in investments by 2030
Saudi Arabia is steadily progressing in its journey to attract $100 billion in foreign direct investments by the end of this decade, with the Kingdom heavily focusing on securing funds […]
Saudi Arabia and Qatar to provide financial support for Syrian state employees
Saudi Foreign Minister Prince Faisal bin Farhan Al Saud and Syrian Foreign Minister Asaad Hassan al-Shibani attend a press conference in Damascus, Syria May 31, 2025. (Reuters) Syria’s interim […]
UAE, China, India among top destinations for Saudi Arabia’s non-oil goods: GASTAT
The UAE emerged as the leading destination for Saudi Arabia’s non-oil exports during the first quarter of 2025, with shipments valued at SR21.32 billion ($5.68 billion), marking a 33.91 percent […]
Eco-friendly and safer walkways expanded to 33% in Makkah Hajj sites
Muslims performing Hajj this year will be seeing better quality and safer walkways in Makkah, thanks to the increased use of a new road construction solution. Saudi authorities have announced […]