Shares of Lumi soared as much as 30% on Monday at the Saudi Arabian auto rental firm debuted on the Riyadh stock exchange.
The Report: Saudi Arabia 2023
Saudi Arabia’s dynamic economy is poised for growth, driven by its Vision 2030 diversification agenda. The Kingdom aims to transform its industries, stimulate innovation and solidify its global …
Hana Financial signs MOU with Saudi Arabia’s EXIM bank to expand cooperation
Hana Financial Group said Tuesday it has signed a preliminary agreement with Saudi Arabia’s Export-Import Bank (EXIM) to expand financial cooperation and support South Korean companies participating …
Houthis blamed for Bahraini soldiers’ deaths on Yemen border
Two Bahraini soldiers were killed in a drone attack launched by rebels on the Yemeni border with Saudi Arabia, Bahrain said on Monday. The strike by the Iran-backed Houthi movement against a Saudi-led …
First W Hotel to open on Saudi Arabia’s snow-capped Trojena in Neom
The first W Hotel in Saudi Arabia is set to open in Trojena, Neom’s snow-capped mountain district, which will be home to the first outdoor ski resort in the Gulf. On Monday, the megacity announced it …
Gigaproject NEOM to weclome Saudi Arabia’s first W hotel at Trojena
Trojena will have the first W hotel in Saudi Arabia and a JW Marriott property. Gigaproject NEOM to weclome Saudi Arabia’s first W hotel at Trojena. . Saudi Arabia.
Marriott International to launch 2 luxury hotels in Trojena in Saudi Arabia
the $500 billion gigaproject’s mountain destination in the northwest region of Saudi Arabia. The agreement includes opening the Kingdom’s first W Hotel and a JW Marriott property. The W Hotel in …
Iran’s Raisi says Israeli normalization deals will fail -CNN interview
Iran’s President Ebrahim Raisi said in a U.S. television interview on Sunday that U.S.-sponsored efforts to normalize Israeli relations with Gulf Arab states, including Saudi Arabia, “will see no …
Saudi Arabia and the UAE are battling to become the Middle East’s economic superpower
The rivalry between Saudi Arabia and the United Arab Emirates has deep roots, and the relationship is more fraught than ever as they prepare for a post-oil future.
Relationship between Saudi Arabia and U.S. becomes cold
Saudi Arabia’s decision to reduce its oil supply has played a significant role in firming oil prices globally, and it has been in direct conflict with the wishes of President Joe Biden. …