#Saudi Arabia

Saudi’s Mawani, Jeddah Chamber to jointly build $267m integrated logistics park

Mawani said the logistics park is expected to further boost its role as a key player in the national transportation ecosystem

Netflix

Netflix launches programme to upskill television producers in Saudi

The seven-week programme will be available exclusively through the University of Southern California

Web3 Delight

Saudi Arabia to host Web3 Delight in March

The event will take place on March 6 at Riyadh International Convention and Exhibition Center

Saudi

Saudi oil revenue drop rounds off year of $326bn windfall

The kingdom wants to use its energy windfall to accelerate projects that contribute to weaning it off a reliance on oil

OPEC

Saudi Arabia says OPEC flexible and can adjust policy if needed

The kingdom’s energy minister reiterated that the group’s policies are determined by technical studies of market balances

Premier Inn Ibn Battuta Mall

Premier Inn MENA plans foray into Saudi Arabia in 2023

Premier Inn plans to launch a new, higher-grade room category in the Middle East, as well as more enhancements at its existing properties this year

Dubai's DXB beats forecasts, welcomes over 66m passengers in 2022

DXB receives over 66 million passengers in 2022

December was the busiest month of the year, with 7.1 million passengers

Nintendo

Saudi Arabia becomes largest outside shareholder of Nintendo

The Public Investment Fund owns 8.3 per cent of the Kyoto-based company, according to its latest filing

China grants Saudi Arabia Approved Destination Status

Saudi launches company to develop world’s largest downtown in Riyadh

The new Murabba project will feature a museum, a technology and design university, a multipurpose immersive theater, and more than 80 entertainment and culture venues

Saudi Arabia to host FIFA Club World Cup in 2023

Saudi Arabia to host FIFA Club World Cup in 2023

The tournament will be held from December 12-22

Cleartax

ClearTax expands Saudi operations to offer cloud-based digital solutions

Expansion comes amid plans to invest up to $20m into the region over the next three years

Saudi’s PIF invests $1.3bn in four local construction companies

The transactions are part of the fund’s strategy to enable the kingdom’s strategic sectors

Saudi to send its first female astronaut to space this year

Saudi to send its first female astronaut to space this year

Rayyanah Barnawi and Ali Al Qarni will travel to the International Space Station during the second quarter of 2023

PIF second green bond issue _ pexels-pixabay-356036

Saudi Arabia’s PIF raises $5.5bn from sale of second green bond

The fund will allocate an amount equalling the net proceeds of the issuance to fund eligible green projects in line with its Green Finance Framework

Leap23

Saudi’s LEAP23 bags honour of world’s largest tech event based on visits

The second edition welcomed more than 172,000 attendees

HPE

HPE announces new Riyadh headquarters for Middle East region

UAE serves as the headquarters for Africa and is operated separately from the rest of the Middle East organisation

Alibaba

Alibaba, PIF-backed fund to raise $1bn for tech deals

The fund has already invested in 16 companies and plans to list three of them on the Saudi stock exchange and two in the US next year

Abu Dhabi's ADNOC Distribution reports 22% rise in net profit for 2022

Abu Dhabi’s ADNOC Distribution reports 22% rise in net profit for 2022

The ADX-listed company reported a 15 per cent year-on-year growth in EBITDA, totalling Dhs3.52bn in 2022

Starlinks

Starlinks to launch SAR100m hybrid logistics facility in Riyadh

Located in Agility Logistics Park, the facility is equipped with over 250 autonomous robots

Leap23

Saudi’s LEAP23 announces series of new investments, equalling $580m

New deals include the launch of a data centre and two dedicated academies for developing technical skills and unearthing homegrown talent

Alliance for Metaverse

Alliance for Metaverse and Web3 Empowerment launches at LEAP23

The inaugural meeting paves way for increased diversity, inclusion and safety in digital ecosystem

COP28

COP28 chief’s Sultan Al Jaber begins global tour

Nations should aim to raise spending on technologies including carbon capture, nuclear power and hydrogen, according to Al Jaber

Web3

How Web3 is becoming a more prominent part of today’s economy

Paul Lalovich, partner at Agile Dynamics shares how Web3 Delight Riyadh is connecting global and local Web3 players for enhanced cooperation opportunities

Tarabut

Tarabut Gateway partners with Saudi’s micro-lending firm Tamam

The partnership will make micro-loans easily accessible, resulting in more favourable loan arrangements for both fintechs and customers

Burjeel Holding enters Saudi market via agreement to establish 60 clinics

Burjeel Holding enters Saudi market via agreement to establish 60 clinics

The ADX-listed healthcare services provider signed a MoU with Leejam Sports Company to create a joint venture

Oil

Oil extends gain as Saudi Arabia bets on demand rebound in Asia

Saudi Aramco increased most of its prices for crude that will be shipped to its main market of Asia in March

UAE’s non-oil foreign trade grows 17% in 2022

UAE’s non-oil foreign trade grows 17% in 2022

This is the first time that the country’s non-oil foreign trade has surpassed the Dhs2tn mark

National Housing Company CEO

Saudi Arabia’s National Housing Company announces Al-Fursan Suburb project

The project will include more than 50,000 residential units for more than 250,000 people

LEAP23

LEAP23 announces investments of over $9bn to support future technology and startups

The event is running at Riyadh Front Exhibition & Conference Centre from today until February 9

Oracle

Oracle to open third public cloud region in Saudi Arabia

The new region in Riyadh is part of the company’s planned $1.5bn investment to expand cloud infrastructure in the kingdom