The first of two home-and-away Olympic qualifying matches in women’s soccer between Japan and North Korea has been moved from North Korea to Jeddah, Saudi Arabia, the Asian Football Confederation has …
Megaprojects in the Desert Sap Saudi Arabia’s Cash
Saudi Arabia has been a conveyor belt of flashy spending plans over the past year: a $48 billion property development anchored by a quarter-mile-tall cube; a global airline to rival aviation giants; a …
Mohammed Bin Salman’s 2030 Vision Hits Economic Roadblock: Saudi Arabia Contemplates Unprecedented Borrowing, Weighs Aramco Stake Sale
The ambitious development projects in Saudi Arabia are straining the country’s finances, leading to unprecedented borrowing and potential stock sales in its crown jewel, Saudi Aramco.
Kearney’s 2023 GRDI: Saudi Arabia surges forward as MENA markets show retail resilience
The entry of international brands and the expansion of entertainment and lifestyle sectors indicate a thriving retail environment.
Vessel Suspiciously Approached by Drones West of Saudi Arabia’s Jizan; Ship and Crew Safe – UKMTO
CAIRO (Reuters) – Two drones followed a merchant vessel in the Red Sea, west of Saudi Arabia’s Jizan, in a suspicious approach, but the ship continued its journey safely, the United Kingdom Maritime …
‘Strings attached’: Saudi Arabia steps up demands in tech deals with China
Alibaba and SenseTime secure huge joint ventures in Gulf kingdom but agreements come with stringent requirements …
UPDATE 2-Saudi Arabia sees medium-term non-oil growth at over 5%, below previous estimate
By Alexander Cornwell and Pesha Magid RIYADH, Feb 19 (Reuters) – Saudi Arabia’s non-oil growth is expected to come in above 5% in the medium term, Finance Minister Mohammed Al Jadaan said on Monday, …
ROSHN participates at the GFC MENA Capital Markets & ESG Finance event as Gold Sponsor
RIYADH: ROSHN Group, Saudi Arabia’s leading real estate developer and a PIF-owned giga-project, was a gold sponsor and participant at the GFC MENA – Capital Markets & ESG Finance Event, which took …
Finance in place for 4.5GW Saudi solar schemes
The three projects, located in the central and northern regions of Saudi Arabia, include: The projects together cost an estimated SR12.8bn ($3.4bn). According to Acwa Power’s recent bourse filing, the …
Saudi Arabia exempts global firms from 30 years of income tax
In a new step towards attracting foreign investments and global companies, the Saudi Arabian official Gazette has announced the kingdom’s pla …