The authority signed the contracts with Zamil Marine Services and Naghi Marine Company to provide diverse maritime services
Countries in the GCC are ranking among the highest in the world when it comes to the state of their digital connectivity in 2023
Brent crude oil futures fell 32 cents, or 0.4 per cent, to settle at $79.07 a barrel
The kingdom has been studying setting up the trading platform in the second half of 2023 but a decision is not expected any time soon
More tourists than ever before are visiting the Kingdom of Saudi Arabia as inbound visitor numbers have more than doubled since 2022
The training is set to form part of an initiative called ‘Mostaqbali’ (My Future), and will be supervised by Saudi Arabia’s Ministry of Human Resources and Social Development.
The airline has taken delivery of 18 out of 19 new A320neo aircraft scheduled for delivery in 2023
With this transaction, the BNPL platform will have raised a total of $500m in equity funding, and well above $400m in debt financing
The Middle East crisis is already raising shipping and insurance costs through the critical Red Sea area
Production restraint by OPEC+ allies has been more than offset by output growth from US shale firms and other sources
Set to be built along the Gulf of Aqaba, Utamo, is crafted as an immersive destination for art and entertainment
The state-energy firm said the transaction is subject to certain customary conditions, including regulatory approvals
The pricing of SAR25 per share implies a market valuation of around SAR8.3bn at listing
Looking ahead to 2024, Saxo Bank sees a world at an inflection point, with the familiar road of the last decade coming to an end
The company will spearhead the kingdom’s efforts to ensure food security, mitigate climate change and achieve net-zero emissions by 2060
Qiddiya City expects to attract an anticipated 48 million visits per year with its never-built-before array of world-class attractions and venues
The budget estimates expenditures of SAR1.3tn in 2024 and total revenues of SAR1.2tn
The Russian President is due to hold talks with UAE President Sheikh Mohammed bin Zayed Al Nahyan and Saudi Arabia’s Crown Prince Mohammed bin Salman
The targetting of cloud infrastructure among corporates in these two countries is on the rise, according to a new survey.
Situated on the Gulf of Aqaba coastline, this ultra-luxurious destination will be home to a 65-key hotel, as well as 35 exclusive residences
The Saudi Green Initiative aims to improve the quality of life and protect future generations by increasing reliance on clean energy
The wealth fund’s investment will include an element of primary equity, and the completion of the deal is subject to regulatory approval
The broadcaster plans to use the proceeds to repay debt, enhance its financial flexibility and invest in new content for Shahid
The deal is the first export credit agency financing by the sovereign fund and will help finance exports from Korea to Saudi Arabia
The transaction is subject to regulatory conditions and must comply with the right of first offer
OPEC+ is due to hold an online ministerial meeting to discuss 2024 production targets
ENVI Al Sifah will open in late 2025 and will feature 40 luxury tents
UNWTO’s members include more than 500 companies, educational and research institutions, and NGOs
The entertainment destination is centrally located between the cities of Abha and Khamis Mushait, and will be developed with an investment of over SAR1.3bn
Oil production tends to vary month by month, making it difficult to fix on a permanent production target