Jeddah by jet ski: How the Red Sea is powering Saudi Arabia’s new tourism economy
Once a trading port and gateway to holy cities, Jeddah’s Red Sea coast has transformed into a lively center for marine leisure, luxury tourism, and major yachting and water sports […]
Saudi Exchange unveils new instrument to trade global shares locally
Saudi Arabia has introduced a new financial instrument that gives investors in the Kingdom direct access to shares of foreign companies listed on global markets. The Saudi Exchange on July […]
Saudi Arabia’s construction output to hit $191bn in 2029: Knight Frank
Saudi Arabia’s construction output value is expected to reach $191 billion in 2029, representing a rise of 29.05 percent compared to 2024, according to an analysis. In its latest […]
Saudi Arabia’s National Development Fund secures $1.3bn in credit facilities to boost development projects
Saudi Arabia’s National Development Fund has secured SR5 billion ($1.3 billion) in credit facilities through two agreements with Al-Rajhi Bank and Arab National Bank. The deals are designed to enhance […]
Saudi Aramco raises August Arab light crude OSP for Asia
Saudi Aramco has raised its official selling price for its flagship Arab Light crude oil destined for Asia in August, the company confirmed in an official statement on Sunday. The […]
ACWA Power plans selective mergers to boost profits, secures $15.4bn in financing over 2 years
Saudi Arabia’s energy and water desalination giant ACWA Power has drawn investor attention regarding its expansion strategy, following the approval of its shareholders for a SR7.1 billion ($1.8 billion) rights […]
Saudi Arabia’s top 10 listed firms hit $2.1tn valuation, led by Aramco
Saudi Arabia’s top 10 publicly listed companies reached a combined market capitalization of $2.1 trillion as of April 25, highlighting their dominant role in the Kingdom’s capital markets, according […]
Saudi Arabia opens July Sah sukuk subscription with 4.88% annual return
Saudi Arabia has launched the July subscription window for its government-backed savings sukuk, “Sah,” offering an annual return of 4.88 percent—slightly up from June’s 4.76 percent. Part of the 2025 […]
Saudi PIF enters ‘post-trillion’ era with pivot from scale to substance
Saudi Arabia’s Public Investment Fund has surpassed $1 trillion in assets, marking a global milestone — but the organization is now pivoting from rapid expansion to a focus on solvency, […]
Ericsson to scale up graduate hiring, internships in Saudi Arabia, senior official reveals
l Telecoms firm Ericsson is expanding its graduate hiring and internship programs in Saudi Arabia as it seeks to strengthen its regional footprint, a senior executive told Arab News. In […]
