Prime Highlights: Saudi Arabia has issued over 36,000 investment licenses since the launch of Vision 2030, marking a five-fold increase compared to the pre-Vision 2030 period. In 2024, there was…
Prime Highlights: Riyad Bank has launched SR-denominated additional Tier 1 sukuk under its SR10 billion program. The offering started on January 7, 2025, and will run through January 16, 2025.…
Prime Highlights: Saudi Arabia's Aramco is contemplating a decision to establish a large oil refinery in Bangladesh with which to support the country's growing demand for petroleum products and regional…
Prime Highlights: Saudi Aramco hiked the price of diesel to SR1.66 ($0.44) per liter, effective January 1, 2025 which is an increase of 44.3% from January 2024. Gasoline 91 and…
Prime Highlights: 42 percent of Saudi adult’s plan to start a business within the next three years, a record level since 2016. Saudi Arabia aims at increasing the contribution of…
Prime Highlights: The country's net foreign direct investment surged by 37% to SR16 billion ($4.27 billion) in Q3 2024. Outflows of FDI stand at 74.36% year on year with respect…
Prime Highlights: BNPL services are now used by 77% of Saudi consumers to pay for essential purchases, according to a report published by Tabby recently. First-time BNPL use tends to…
Saudi Arabia's insurance industry is likely to be buoyant in 2025 with top-line revenue growth ranging between 10 percent and 15 percent, said a report by S&P Global this week.…
US companies now hope to draw into this swiftly growing market in Saudi, to be discussing new prospects there like energy transport, tourism, healthcare, Saudi-US Business Forum held recently in…
The members of OPEC+ agreed to extend the voluntary cuts by three more months for an attempt to stabilize the world oil market. The resolution came after a virtual meeting…
