Saudi Arabia

Abu Dhabi Rotana Group Ready for IPO, Awaits Shareholder Nod Amid Aggressive Expansion

Rotana Group is preparing to enter public markets soon. The company is almost ready...

Oman boosts food self-sufficiency across key sectors

Oman continues to strengthen its food self-sufficiency as domestic production meets demand in major...

Kuwait Cuts Life Imprisonment to 20 Years in Landmark Decision

In a groundbreaking move, Kuwait has reduced the life imprisonment sentence to twenty years...

UAE Tourism Set to Rebound Swiftly Despite Regional Conflict

The Gulf faces immediate challenges, but UAE tourism recovery is expected to be swift...

Saudi Trade Data Shows Decline in Oil Dependence, Rise in Non-Oil Sectors

Saudi Arabia reported strong trade performance in January, highlighting Saudi non-oil exports growth as a key economic driver. Moreover, fresh data shows a significant...

MEDLOG Launches 100,000 Square Meters Logistics Hub in Dammam to Support Vision 2030 Goals

Saudi logistics expansion project advanced further as MEDLOG inaugurated a large integrated logistics park at King Abdulaziz Port in Dammam. The project strengthens Saudi...

Saudi Energy Unveils Riyadh Expo 2030 Power Infrastructure Plan

Saudi Energy has launched a tender for Riyadh Expo 2030 power infrastructure to support the upcoming global event. The project includes the construction of...

S&P Affirms Saudi Arabia’s A+ Credit Rating with Stable Outlook

S&P Global has affirmed Saudi Arabia’s credit rating at A+ with a stable outlook. The decision highlights the Kingdom’s robust economic policies and resilience...

Saudi Red Sea Plans $74.6M Rights Issue to Fund Expansion Projects

Saudi Red Sea International Company has proposed a capital increase of 280 million riyals ($74.6 million) through a rights issue. The plan represents 58%...

Saudi Arabia Oil Output Cuts Shake Global Markets

Saudi Arabia oil output cut by 2 million barrels per day amid the Iran conflict has stunned global markets. Sources report the kingdom now...

Aramco Warns of Global Oil Crisis if Strait of Hormuz Remains Blocked

The Aramco oil warning comes as the company highlights serious risks to global markets if the Strait of Hormuz remains disrupted. Saudi Aramco, the...

Saudi Ports See 21% Surge in Container Handling, Boosting Logistics Sector

Saudi Arabia’s container handling soared in February, marking a strong boost for the Kingdom’s ports and logistics sector. According to the Saudi Ports Authority...

Strait of Hormuz Crisis Threatens Global AI Chip Supply Chains

The Strait of Hormuz crisis has heightened global concern over energy and technology sectors. Analysts warn that disruptions in this key shipping corridor directly...

Saudi Arabia Opens Government Contracts to Foreign Projects, Boosting Investment

Saudi Arabia has lifted previous restrictions, allowing Saudi Arabian foreign projects to participate in government contracts under controlled conditions. Authorities now permit exceptions for projects requiring specialized...

Saudi Arabia Secures Seat at Global AI Table in Major Digital Leap

Saudi Arabia has taken a major step to expand its global technology influence. The country joined a major international artificial intelligence initiative. Therefore, this decision...

Saudi Real Estate Booms as Vision 2030 Drives Investment

Saudi Arabia is transforming its real estate market under Vision 2030, creating opportunities for both local and international investors. Moreover, massive infrastructure investments, urban...

Saudi Arabia Humain xAI Invests $3 Billion to Expand AI Influence

Saudi Arabia’s state-backed AI firm Humain announced a $3 billion investment in Elon Musk’s xAI. This move makes Humain a significant minority shareholder, giving...

Qatar and Saudi Ports Strengthen Cooperation to Boost Regional Trade

Qatar and Saudi Ports strengthen regional trade through a landmark maritime cooperation agreement. The pact aims to enhance efficiency, connectivity, and investment across the...

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