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Day: August 11, 2024

Startup Wrap – Saudi and Egyptian startups lead funding activity

Funding activity flourished in the Middle East and North Africa region, driven largely by Saudi and Egyptian startups. The region experienced a variety of funding rounds across diverse sectors, alongside […]

Saudi Arabia makes significant moves in semiconductor sector with strategic investments

Saudi Arabia is rapidly emerging as a key player in the global semiconductor industry, driven by ambitious initiatives aimed at establishing a strong foothold in this crucial sector. Semiconductors, which […]

Expat remittances from Saudi Arabia hits $3.2bn in June

Expatriate remittances from Saudi Arabia reached $3.2 billion in June, reflecting an annual increase of 11.32 percent, according to the latest data from the Saudi Central Bank, also known as […]

Saudi Arabia’s non-oil activities increase by 2.2% in June: GASTAT

Saudi Arabia’s non-oil activities saw a 2.2 percent increase in June compared to the previous month, signaling ongoing growth in the Kingdom’s efforts to diversify its economy. According to the […]

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