Saudi Arabia is using smart tourism to achieve its goals of economic diversification, innovation, and sustained global relevance. Saudi Arabia is increasingly integrating artificial intelligence (AI), augmented reality (AR), and…
Lucid Group has set up its first-ever car manufacturing plant in Saudi Arabia, where it will produce its groundbreaking cars for the local market and export them to other markets.…
The UAE is trying hard to strengthen its trade ties to diversify its economy. Its economy rose by 4% last year, caused by a robust increase in its non-oil industry.…
The rise in reserves comes as Saudi Arabia navigates a shifting global economic landscape marked by fluctuating oil prices and increased project-driven imports. The official reserve assets of Saudi Arabia…
2023 was a remarkable year for Dubai with record figures, but 2024 was even better, with a 9% increase in visitation. Dubai seems confident about its ability to handle every…
Saudi banks play an important role in capital markets, contributing significantly to liquidity and investment activity. Saudi banks weathered the storm in 2024 with a lending hand from robust asset…
The Kingdom secured €2.25 billion through euro-denominated bond sale in February. It is a good day for Saudi Arabia as primary debt issuances of bonds and sukuk in the Gulf…
PIF has assets worth over $700 billion and helps to achieve Saudi Arabia’s Vision 2030 economic diversification. Saudi Arabia’s Public Investment Fund (PIF) gave SR40 billion ($10.67 billion) investment through…
Saudi Arabia will set spending limits to prevent an overheating economy that would increase government spending Saudi Arabia expects to widen the budget deficit this year and next as the…
The Kafalah program aims to provide funding by the end of the year of around SR22 billion to ensure that it is on track to meet its set target Kafalah…