Browsing: Saudi Arabia

RIYADH: Saudi Arabia is set to elevate its tourism and services to a “world-class experience” through cloud-powered digital solutions by partnering with enterprise software developer Informatica Inc., said a senior executive.  

RIYADH: Innovation and entrepreneurship attracted diverse funding partners to Saudi Arabia resulting in the finalization of over 53 percent of investment deals in the first quarter of 2024, official data showed.

Saudi Arabia is selling a 0.64 percent stake in oil giant Aramco as the Kingdom pushes ahead with Saudi Crown Prince Mohammed bin Salman’s plan to diversify the economy.

RIYADH: Real estate development in the Eastern Province is set to receive a boost as two Saudi firms agree to launch a fund worth SR1.37 billion ($365 million) to drive investment in the sector.

RIYADH: Saudi companies have garnered SR659 billion ($176 billion) in orders for their initial public offerings, with investors eager to capitalize on the returns processed over the past two years. 

RIYADH: The Saudi economy has demonstrated resilience, marked by sustained growth in non-oil sectors and a globally low annual inflation…

RIYADH: Saudi Arabia’s pursuit of a sustainable manufacturing hub gains momentum as Alat partners with Lenovo Group to establish a facility and invest $2 billion through zero-coupon convertible bonds. 

RIYADH: Saudi banking sector’s loans increased to SR2.68 trillion ($715.56 billion) in April, marking an 11 percent increase compared to the same month in 2023, official data showed. 

The consumer price index (CPI) increase was primarily driven by an 8.7% year-on-year (YoY) rise in housing, water, electricity, gas, and other fuel prices

The Arab League secretary-general said in Brussels that Israel’s aggression in the Gaza Strip could undermine any chance for peace…