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Saudi Arabia’s PIF, SEC set up EV infrastructure company

Saudi Arabia’s PIF, SEC set up EV infrastructure company

The wealth fund will hold a 75 per cent shareholding in the company, while the SEC will own the remaining 25 per cent stake

MUNJZ SME facilities management

Munjz: Embracing digital transformation of facilities management in Saudi Arabia

Saudi startup Munjz takes on the mantle of digitalising the facilities management industry in the kingdom as it races to compete in the built industry on a global scale

Qatar Airways expands network in Saudi Arabia (Image: Sourced from Qatar Airways Media Newsroom)

Qatar Airways expands network in Saudi Arabia

The airline will launch services to AlUla and Tabuk, and resume flights to Yanbu

Jisr closes $30m investment round led by Merak Capital

Saudi Jisr successfully closes $30m investment round by Merak Capital

Jisr, founded in 2016, caters to 16 sectors and operates from its offices in Riyadh and Hadhramaut

SNB and Mastercard launch UEFA Champions League cards

Saudi National Bank, Mastercard launch UEFA Champions League cards

The cards, the first of their kind in the kingdom, include a cashback credit card and prepaid card without annual fees

Saudi’s flynas acquires five additional A320 neo aircraft (Image: Supplied by flynas)

Saudi’s flynas acquires five additional A320 neo aircraft

It has received a total of 11 A320 neo aircraft this year, with eight more expected to arrive before the end of 2023

Saudi Arabia launches bid to host FIFA World Cup 2034

Saudi Arabia launches bid to host FIFA World Cup 2034

The kingdom has qualified for the iconic tournament on six occasions since 1994 – most recently in 2022

oil production cuts

OPEC+ panel holds oil policy steady as Saudi Arabia, Russia keep cuts

Saudi Arabia, Russia will continue with their respective production cuts in a bid to “balance the global oil market”

Hajj 2024

UAE announces Hajj 2024 registration dates

The annual pilgrimage to the holiest city in Islam takes place during the Islamic calendar month of Dhu Al Hijja which is expected to fall in June next year

China grants Saudi Arabia Approved Destination Status

China grants Saudi Arabia Approved Destination Status

Saudi Arabia aims to attract three million Chinese travellers by 2030

PIF launches Al Balad Development Company to develop Jeddha Historic District Image courtesy PIF X

Saudi’s PIF sets up Al Balad Development Company to transform Jeddah’s historic district

The company will follow leading urban planning and environmental sustainability standards to preserve the area’s unique heritage

Saudia rebrands

Saudia rebrands for a ‘tech-driven future’: Take a look at the new colours, logo

The new colours hold deep symbolism representing the authenticity of the Saudi identity

Saudi Arabia

Saudi Arabia forecasts slower growth, budget deficit for 2023

The largest Arab economy expects real gross domestic product to grow by 0.03 per cent this year

Saudi unemployment plunges to 4.9% in Q2 2023

Saudi unemployment plunges to 4.9% in Q2 2023

The unemployment rate for female citizens fell to 15.7 per cent, from 19.3 per cent a year ago

Aramco acquires stake in EIG’s MidOcean Energy

Aramco enters global LNG market with stake in MidOcean Energy

The energy firm has the option to increase its shareholding and associated rights in the future

InterContinental Durrat Al Riyadh Resort and Spa (Image: Supplied by IHG Hotels and Resorts) 

InterContinental unveils first Riyadh resort

InterContinental Durrat Al Riyadh Resort and Spa recently underwent a SAR45 million refurbishment

Saudia Airlines

Saudia resumes services to Canada in December: Restarts Jeddah-Toronto route

The flights to Toronto Pearson International Airport will commence operations on December 2

Lucid opens Saudi Arabia’s first car production facility

Lucid opens Saudi Arabia’s first car production facility

The new facility will assemble Lucid Airs, with an initial capacity to produce 5,000 units a year

EFG Hermes concludes advisory on Lumi Rental’s $290m IPO

EFG Hermes concludes advisory on Lumi Rental’s $290m IPO

The offering marks EFG Hermes’ fifth IPO this year and is the latest in a series of transactions the investment bank has advised on in the GCC region

SOUDAH PEAKS

Soudah Peaks: Saudi Arabia launches new luxury destination masterplan

The masterplan is designed to offer unparalleled living experience while safeguarding the region’s ecological and cultural treasures

Saudi Arabia’s SAL Logistics IPO could fetch $678m

Saudi Arabia’s SAL Logistics seeks to raise $678m from IPO

The logistics firm set the price range at SAR98 and SAR106 per share, implying a market capitalisation on listing of as much as SAR8.5bn

Marriott announces two new properties in NEOM’s Trojena (Image: Supplied by NEOM)

Marriott announces two new properties in NEOM’s Trojena

It will include Saudi Arabia’s first W Hotel and a JW Marriott property too

Value of MENA’s hotel, residential projects top $1.9tn

Value of MENA’s hotel, residential projects top $1.9tn

The influx of new hospitality and tourism-related projects in the region is fostering new trends that add value and efficiency

IMF on Saudi Arabia economy

Saudi economy enters trillion dollar club: report

According to the IMF, the Saudi economy was the fastest growing among the Group of Twenty (G20) member states in 2022

Saudi National Day

Saudi Arabia National Day celebrations: Google Doodle, fireworks and air show

Saudi National Day, celebrated annually on September 23, marks the unification of the kingdom

Al Nassr Club presents Ronaldo at a ceremenoy in Marsool Park, Riyadh courtesy SPA

Saudi National Day: Cristiano Ronaldo dons thobe in new Al Nassr video

The video released by his football club features Cristiano Ronaldo and his teammates taking part in the national celebrations

Saudi Arabia

Saudi Arabia to mark National Day 2023: Date, theme, significance and celebrations

Saudi National Day is celebrated to mark the unification of Hejaz and Najd into  one unified kingdom

UNGA78 climate ambition summit

UNGA78: Dr Sultan Al Jaber at Climate Ambition Summit

The summit was convened by the UN secretary-general Antonio Guterres, and was attended by world leaders, the private sector and civil society

Red Sea International

Red Sea Global celebrates first flight to new airport

The airport, assigned the code RSI, witnessed the arrival of its first flight by Saudia Airlines.

Mohammed bin Salman

Saudi Crown Prince Mohammed bin Salman’s interview with Fox News: US, Israel, golf and more

The interview conducted by TV host Bret Baier touched upon a range of international issues