Saudi restaurant and cafe sales boost August POS spending to $15.6bn
Saudi Arabia’s point-of-sale spending reached around SR58.51 billion ($15.6 billion) in August, marking a 9.67 percent rise compared to the same month last year, according to the latest data. Figures […]
Saudi hotel spending rises 2.4% amid broader POS decline: SAMA
Saudi hotel spending rose 2.4 percent in the week of Oct. 6—12 to SR270.7 million ($72.1 million), the only sector to grow amid an overall decline in point-of-sale transactions, official […]
Crown Prince to lead Saudi delegation at EU-GCC Summit in Brussels on Wednesday
Strength of the Saudi and Egyptian fraternal relations highlighted in cable of thanks Saudi Crown Prince and Prime Minister Mohammed bin Salman will lead the Saudi delegation attending the Summit […]
Saudi Crown Prince holds wide-ranging talks with President Sisi in Cairo
Saudi Crown Prince and Prime Minister Mohammed bin Salman held wide ranging talks with Egyptian President Abdel Fattah El-Sisi in Cairo on Tuesday. During their meeting, the Crown Prince and […]
Saudi Arabia leads Arab region in green building projects with 2k registrations
Saudi Arabia has made significant strides in sustainable construction, registering 2,000 of the 5,000 green building projects across the Arab world, according to a top official. Speaking at the opening […]
SRC inks MoU with Damanat to guarantee residential mortgage portfolios
The Saudi Real Estate Refinance Company (SRC), a PIF company, has inked a Memorandum of Understanding (MoU) with the Saudi Mortgage Guarantees Services Company, ‘Damanat’. The partnership aims to guarantee […]
Saudi Arabia sees 23.4% rise in FDI: GASTAT
Saudi Arabia experienced a 23.4 percent increase in foreign direct investment in the second quarter of this year compared to the previous three months, according to official data. The latest […]
FHS World 2024: Leading the charge for sustainable hospitality practices
The Future Hospitality Summit World is returning to Dubai from Sept. 30 to Oct. 2 at Madinat Jumeirah, promising three days filled with insights, networking, and announcements for the hospitality […]
Saudi Arabia’s non-oil exports climb 19% in July: GASTAT
Saudi Arabia’s non-oil exports surged by 19.04 percent to reach SR25.38 billion ($6.76 billion) in July, compared to the same month of the previous year, official data showed. According to […]
Saudi FM meets Vatican’s Secretary of State in New York
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan has met with the Vatican’s Secretary of State Cardinal Pietro Parolin on the sidelines of the 79th UN General Assembly in New […]
