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…
The move by Crown Prince Mohammed bin Salman in Saudi Arabia into unveiling the National Red Sea Sustainability Strategy is an ambitious effort put out to protect marine ecosystems as…
On Tuesday, Saudi Arabia's Cabinet, headed by Crown Prince Mohammed bin Salman, approved the Kingdom's state budget for the fiscal year 2025. The budget projects revenues of SR1.18 trillion ($315.73…
Saudi Arabia's mega-project NEOM will be presented as a generational investment with a long-term horizon, Minister of Investment Khalid Al-Falih said. "This is not for a short period of time,"…
Saudi Arabia's economy is likely to be accelerated by 1.7% in 2024, as its growth would considerably accelerate to 4.7% in 2025 and 2026, Moody's says. The Saudi government itself…
Saudi licensed endowment investment funds have recorded a new peak in net assets at SR1 billion, or $266.67 million, as of 2024, which was a 29.3% rise from last year.…
Al-Shuaibah 1 Solar Photovoltaic Project is one of ACWA Power's notable 600-megawatt renewable energy facilities. It has signed the commercial operation certificate with Saudi Power Procurement Co., which will clear…
