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…
ROSHN, the new multi-asset real estate developer backed by Saudi Arabia's Public Investment Fund, is launched with a brand and strategic positioning that seeks to make the company the preeminent…
Qiddiya Investment Co, the flagship project under the Public Investment Fund (PIF) of Saudi Arabia has recently launched an executive office, which is focused on enhancing partnerships of the Company…
Saudi Aramco has reported a net income of SR103.37 billion which translates to $27.52 billion for its third quarter of the year 2024, surpassing the predicted earnings of equity analysts…
Saudi Arabia will invest $25 billion in Africa's private sector in the next ten years as a result of economic and trade cooperation improvements between the Kingdom and the continent,…
Saudi Arabia's National Debt Management Center issued its second riyal-denominated sukuks for October with a record issuance worth SR7.83 billion or around $2.09 billion, representing a whopping 201 percent increase…
Saudi Arabia's POS spending has reached SR58.51 billion equivalents to $15.6 billion in August 2024, while increasing by 9.67 percent over the same period last year, according to data published…
On October 16, 2024, a memorandum of understanding was signed between GAMI and GACA. The development of advanced air mobility technologies will be further emphasized through this memorandum. The agreement…
