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Mada

Saudi E-commerce Sales via Mada Cards Reach $4.65 Billion in November Signaling Robust Growth

Prime Highlights: Saudi e-commerce sales via Mada cards hit $4.65

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Halo AI

Saudi Firm Halo AI Secures $6M Seed Funding to Revolutionize Creator Economy

Prime Highlights: Halo AI, a Saudi-based firm specializing in AI-driven

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MoU

Saudi Arabia and Japan Strengthen Investment Relations with Strategic MoU

Prime Highlights: Saudi Investment Promotion Authority (SIPA) signs MoU with

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PIF

Saudi PIF on Track to Reach $2 Trillion in Assets Under Management by 2030

Prime Highlights: Saudi Arabia’s Public Investment Fund (PIF) aims to

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Industrial Production Index

Saudi Industrial Production Index Rises 3.4% in November, Driven by Strong Manufacturing Growth

Prime Highlights: Industrial Production Index increased by 3.4% year on

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Licenses

Saudi Arabia Issues 36,000 Investment Licenses Since Vision 2030 Launch

Prime Highlights: Saudi Arabia has issued over 36,000 investment licenses

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Riyad Bank

Riyad Bank Launches SR-Denominated Tier 1 Sukuk Offering

Prime Highlights: Riyad Bank has launched SR-denominated additional Tier 1

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Aramco

Saudi Aramco to Build Oil Refinery in Bangladesh, Announces Ambassador

Prime Highlights: Saudi Arabia’s Aramco is contemplating a decision to

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Diesel

Saudi Aramco Increases Diesel Prices to $0.44 per Liter Effective January 2025

Prime Highlights: Saudi Aramco hiked the price of diesel to

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Saudi Arabia

Saudi Arabia’s Entrepreneurial Surge: A Catalyst for Economic Growth and Global Competitiveness

Prime Highlights: 42 percent of Saudi adult’s plan to start

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Foreign Direct Investment

Saudi Arabia’s Net Foreign Direct Investment Sees 37% Increase, Reaching Over $4 Billion in Q3 2024

Prime Highlights: The country’s net foreign direct investment surged by

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Payment

Buy Now, Pay Later Gains Popularity as Preferred Payment Option Among Saudi Consumers

Prime Highlights:  BNPL services are now used by 77% of

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CIO Arab Magazine is focused on capturing the heartbeat of innovation in the Arab world. Visionary leaders, innovators and disruptors come together to shape the future of leadership across the region…Read More

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