#Saudi Arabia

Saudi Arabia’s CMA proposes rules to boost secondary share offerings

Saudi Arabia’s CMA proposes rules to boost secondary share offerings

The market regulator invited participants in the capital market as well as relevant and interested persons to participate in a 30-day public consultation

IHG signs two properties in Saudi Arabia’s Taif (Image: Supplied by IHG Hotels and Resorts)

IHG signs two properties in Saudi Arabia’s Taif

Holiday Inn and Suites Taif and Staybridge Suites Taif will both open in 2025

Saudi Arabia introduces new airline compensation rules in Nov 2023

Saudi Arabia: New airline compensation rules come into effect

Compensation provisions for flight delays, cancellations, overbooking and unexpected stopovers have been bolstered and extended

Riyadh Season

Riyadh Season attracts 2 million visitors in opening weeks

The Saudi Tourism authorities hope to match visitor numbers to previous years which saw between 12 to 15 million tourists visit the annual festival

Daily Insider: Saudi’s 300% foreign investment surge success

Foreign investment levels in Saudi Arabia’s capital markets are on a tear, with demand rising dramatically over the last eight years since regulators started opening up trading.

Saudi Arabia discovers two new natural gas fields

Saudi Arabia discovers new natural gas fields in Empty Quarter

The Minister of Energy said the discovery of the Al-Hiran natural gas field was confirmed after gas flowed from the Hanifa reservoir in the Al-Hiran

Saudi Arabia: Image: Getty Images

Saudi among world’s fastest growing economies in 2024: Moody’s

The Gulf’s biggest economy will be among the three top fastest growing countries in the world next year, with only India and Indonesia set to expand faster

Daily Insider: Saudi Arabia takes to the skies and the ‘cloud’

Not only is Saudi Arabia making waves with Riyadh Air, but it’s also attracting the world’s biggest tech players as Google unveils its new cloud region in the kingdom.

RIYADH AIR COO PETER BELLEW

100 cities by 2030: Riyadh Air COO underlines ambitious goal

Riyadh Air COO Peter Bellew on being the region’s youngest airline, the national carrier’s ambitions, its current challenges, and being a digital native

Google switches on cloud region in Saudi Arabia

The search engine giant has officially activated its newest cloud region in Saudi Arabia, opening a host of new digital opportunities for the country’s economy

Saudia x Riyadh Air ink landmark agreement at Dubai AIrshow to strengthen Saudi Aviation

Saudia, Riyadh Air ink landmark deal to boost kingdom’s aviation ecosystem

Benefits that would be available for guests booking flights on Saudia or Riyadh Air will be announced when Riyadh Air launches in 2025

Dr Wijdan of King Faisal Specialist Hospital & Research on Space medicine

Interview: How KFSH&RC is supporting Saudi Arabia’s space ambitions

King Faisal Specialist Hospital & Research Centre’s Dr Wijdan Alahmadi shares the centre’s work in advancing astronaut safety and biomedical discovery

Masdar consortium wins bid for $1bn solar plant in Saudi Arabia

UAE’s Masdar consortium wins bid for $1bn solar plant in Saudi Arabia

The solar facility is expected to reach financial close early next year and connect to the grid in 2025

Aramco Q3 profit falls 23% on lower crude oil prices, volumes

Saudi Aramco Q3 profit falls 23% on lower crude oil prices, volumes

Net profit declined to $32.6bn for the quarter to September 30 from $42.4bn a year earlier

Riyadh Air

Riyadh Air to announce narrowbody plane order in coming weeks

The PIF-owned airline has previously placed an order for 72 Boeing 787 widebody jets in anticipation of its launch date

Saudi Arabia expands ‘visiting investor’ visa offering to all countries

Saudi Arabia expands investor e-visa to all countries

The list includes individuals who have a valid tourist or commercial visa from the US, the UK or any Schengen country

IHG opens Makkah’s largest hotel (Image: Supplied by IHG Hotels and Resorts)

IHG opens Makkah’s largest hotel

The voco Makkah hotel is a 4,321-key property with 20,000 sqm of dining facilities

oil

Saudi to continue voluntary cut of one million oil barrels a day in December

Based on the voluntary cut, the kingdom’s production in December will be approximately nine million barrels per day

The Helicopter Company and GIB sign loan facility deal_Image Supplied

PIF’s The Helicopter Company, GIB-Saudi Arabia ink SAR800m Murabaha loan facility deal

The funds from this loan facility will support The Helicopter Company’s ongoing investments in cutting-edge aircraft and infrastructure

Arabian Drilling posts SAR920m on higher rig activity

Arabian Drilling’s Q3 revenue surges by 16% on higher rig activity

The company’s Q3 2023 net income remained flat QoQ, with the increase in operating profit mostly offset by higher finance costs

Lucid slashes prices amid EV price wars

Lucid cuts prices of electric sedans for limited time amid EV price wars

The automaker slashed the price of its Air Touring model to $87,500 and the more powerful Grand Touring by $10,000 to $115,600

saudi-india-meet cricket

Saudi Arabia looking to invest billions in Indian Premier League: Report

Talks were held when Saudi Arabia’s crown prince visited India in September for the G20 Summit

Middle East alternative asset manager Investcorp sets IPO price range for vehicle

Middle East alternative asset manager Investcorp sets IPO price range for vehicle

The vehicle plans to offer 643 million ordinary shares and wants to list on the Abu Dhabi Securities Exchange

Flynas acquires four new Airbus A320neo aircraft (Image: Supplied by flynas)

Flynas acquires four new Airbus A320 neo aircraft

It now has 60 aircraft, with the A320 neo variant making up 70 per cent its overall fleet

Saudi Arabia’s stc Group 9.9% Telefonica stake

stc Group sticks to plan for 9.9% Telefonica stake, sources say

The telecoms operator amassed a EUR2.1bn ($2.23bn) stake, consisting of 4.9 per cent of Telefonica’s shares and financial instruments in September

Six Senses to open property in AlUla (Image: Supplied by Six Senses)

Six Senses AlUla to open by 2027 in Saudi Arabia

The property will feature 100 guest villas and 25 residences

Democrance Expands Presence in Saudi Arabia Image Supplied

Global insurtech firm Democrance expands footprint in Saudi Arabia

Democrance helps insurers increase their digital sales and access new customer segments

Red Sea Global unveils Thuwal Private Retreat – a new luxury private island destination Image RSG

Red Sea Global unveils new luxury private island destination in Saudi Arabia

The buy-out only island resort will offer travellers premium luxury and hyper-personalised private experiences from early 2024

ACWA Power and Dutch Companies sign MoU Image Acwa Power

ACWA Power, Dutch entities to explore green hydrogen export corridor

The parties will collaboratively explore the establishment of a green hydrogen export corridor between ACWA Power’s hydrogen production sites and the port of Amsterdam

 

Saudi Arabia esports

Saudi Arabia launches Esports World Cup 2024

This ambitious undertaking underscores Saudi Arabia’s commitment to becoming a global leader in the esports arena