Saudi Arabia sends more than 60 per cent of its crude exports to Asia
E-commerce represents a significant avenue through which the adoption of digital payments can expand growth opportunities
OPEC and its allies rubber-stamped the standard 432,000 barrel-a-day increase for June
Prince Alwaleed, chairman of the board at Kingdom Holding Company, has now agreed to roll over his current investment
The growth in GDP was driven by an increase in oil activities by 20.4 per cent, and a rise in non-oil activities by 3.7 per cent
The IMF said it expects the bonanza “to improve fiscal and external balances” in a region that includes 13 exporters in total
Americana operates restaurants for brands including Baskin Robbins, Costa Coffee and TGI Fridays as well as KFC and Pizza Hut, according to its website
Lucid said it would start delivering the vehicles by the second quarter of 2023
Deliberations are ongoing, and there’s no guarantee PIF will proceed with an investment
The airline will start flying to the four destinations from April 28
Establishing this new office in the kingdom is a milestone in the company’s roadmap to protect over 400 million users
The kingdom’s economy expanded 6.7 per cent on an annual basis during the fourth quarter of 2021
The markets it plans to exit made up about 1 per cent of total group income in 2021
The company’s digital peer-to-peer solution eliminates the requirement for the host and the renter to meet in person
Altassan was the head of investment banking for Bank of America in Saudi Arabia
The Copenhagen-based chain will open its first stores in Qatar and Dubai next quarter before setting up shop in Saudi Arabia, Kuwait, Bahrain and Oman by the end of the year
Saudi Arabia will also provide $1bn for the purchase of oil products and to support of development projects
The ‘Zatca’ app is designed to be more effective in providing fast, reliable and high-quality services
Luberef would be joining several Aramco subsidiaries already listed on the Saudi stock exchange
More than 60 per cent of Saudi Arabia’s oil shipments go to Asia, with China, Japan, South Korea and India
The JV agreement is part of PIF’s and stc’s efforts to drive rapid growth of Internet of Things across Saudi Arabia
It is part of the kingdom’s efforts to support Egypt’s economy
Armani Hotel Diriyah will include 70 rooms and two restaurants, with its suites featuring their own spa and swimming pool
The Organization of Petroleum Exporting Countries and its partners have resisted calls to raise output faster
Foreign direct investment in 2021 totalled $19.3bn, the most since 2010
Brent futures briefly surged to a 13-year peak near $139 a barrel earlier this month
SAP’s suite of solutions to deliver initial steps into wider digitalisation strategy
Talks between Public Investment Fund and the four contractors are at an early stage
The deal is expected to close in the second half of the year
The kingdom’s sovereign wealth fund signed non-binding memorandums of understanding with five companies