Author: Steven Sahiounie

The Forum sought to expand the two nations’ trade and commercial relations in high-growth sectors such as energy, ICT, logistics and manufacturing

RIYADH: The Saudi healthcare system is set to advance as two of the country’s major companies partner to leverage digital technologies to enhance the Kingdom’s capabilities.

RIYADH: Saudi Arabia’s point-of-sale spending reached SR11.2 billion ($2.98 billion) in the fourth week of May, official figures showed.

TOKYO: While many perceive Saudi Arabia solely as an oil exporter, the truth is that its economy is already diversified and will further diversify under the Saudi Vision 2030 plan of Crown Prince Mohammed bin Salman. Johnson Controls Arabia, a joint venture company with Johnson Controls International — a US Fortune 500 company — and Al Salem Group of Companies, is not just a local player. It is a prime example of how Saudi companies aspire to expand beyond the Kingdom and substantially affect the global stage, demonstrating the country’s growing influence in the international business arena. CEO Dr. Mohanad…

RIYADH: Saudi Arabia has started selling its triple-tranche benchmark-sized Islamic bonds, or sukuk, with tenors of 3, 6 and 10 years, fixed-income news service IFR reported on Tuesday.

RIYADH: Egypt’s private and investment sector experienced an annual increase of 30.2 percent in the number of foreigners acquiring work licenses in 2023. 

RIYADH: Saudi tech firm Al-Moammar Information Systems Co. plans to invest $1 million in a controlling stake in Elon Musk’s artificial intelligence company, xAI Corp., according to Al-Ekhbairya. 

The value of the healthcare sector in the Gulf Cooperation region is projected to reach $135 billion by 2027 driven by rising investor confidence, an analysis showed. 

RIYADH: Citizens will have easier access to home loans as the Saudi Real Estate Refinance Co. extends its refinancing agreement with Arab National Bank (ANB), adding SR500 million ($133 million). 

RIYADH: Saudi Arabia will lead the initial public offerings in the Middle East and North Africa region in 2024, with 27 companies eyeing to list on the Kingdom’s main market, an analysis showed.