The fund projected that Saudi Arabia would swing to a deficit in 2023 on lower oil revenue
The Ballon d’Or winner was with Real Madrid for 14-years before agreeing to move to the Saudi Pro League club on an initial three-year contract
TMF Group will open a new office in Riyadh, and build on the existing Saudi clients
The merged entity will implement a plan to grow the combined commercial businesses, drive greater fan engagement and accelerate growth initiatives
The visit by the US State Secretary builds on President Biden’s visit to Saudi Arabia in 2022
It will operate thrice-weekly nonstop services from Riyadh and Jeddah
The sustainable guarantee issued by the bank will see L&T receive the necessary financial support for the development of wind and solar farms to support green hydrogen generation
The scope of the agreement will cover elements of design, finance, build, operations and maintenance of the housing communities
Partanna, which uses recycled ocean water brine in its carbon-negative concrete, will supply Red Sea Global with 11,000 carbon-negative pavers initially for its landscape nursery
Six Senses Amaala is set to open as part of the first phase of the Triple Bay development
The project seeks to raise Saudi Pro League’s commercial revenues from SAR450m in 2022 to over SAR1.8bn annually
The 23-nation group offered no additional action to buttress the market, but pledged to maintain their existing oil production cuts until the end of 2024
The airline describes it as a “perfect blend of cutting-edge technology and timeless elegance”
The Saudi Industrial Development Fund supported over 100 beneficiaries through the industrial fund’s academic and advisory programmes
Two feature films and one series which are currently under development at NEOM’s media hub, will be included in the overall deal
The deal is aimed at supporting Tamimi Markets’ growth plans including a potential initial public offering
The facility spans 390,000 square feet across five floors – approximately the size of five football fields
The automaker plans to use the proceeds for general corporate purposes including capital expenditures and working capital
This comes as part of the firm’s broader commitment to the region to create 6,000 new jobs and continued investment in digital technology and ESG
By mid-2024, Neom will be making hydrogen for vehicles such as buses and trucks, Dave Edmondson, CEO of Neom Green Hydrogen, said in Dubai
The company will continue to pursue the IPO of Olam Agri at the next practical window without providing any approximate time frame
These developments follow the $32m Series A fundraise and partnership with Visa aimed at strengthening its presence in the Saudi market
This is the sixth tranche under SRC’s upsized SAR20bn sukuk programme
The Saudi Space Commission announced the successful separation of the SpaceX spacecraft carrying the two Saudi astronauts from the ISS
The milling company said big investors placed orders worth SAR68.8bn, almost 69 times more than was available to them
The 7th generation satellite successfully lifted off from launch complex 40 at Cape Canaveral air force station
The Saudi SEZs offer competitive corporate tax rates, exemption from customs duties on imports, production inputs, machinery and raw materials, and 100 per cent foreign ownership of companies
The central bank said the net foreign assets dropped to SAR1.54tn in April from SAR1.57tn the previous month
The kingdom has also invested in esports and video games and committed billions of dollars of spending on football stars, teams and tour sponsorships
The UK and Saudi Arabia signed a declaration of intent to jointly develop resilient and responsible critical mineral supply chains