SEVEN to build $347m entertainment destination in Saudi Arabia’s Aseer
Riyadh, Saudi Arabia -- Saudi Entertainment Ventures (SEVEN), a PIF subsidiary, has announced the fifth entertainment destination in the Kingdom,...
Business
Saudi Aramco finance chief who steered listing steps down
Ziad al-Murshed named as the chief financial officer The IPO was a key part of the plans to open up...
BisB launches redesign with the Riffa Innovation Hub
The Hub has a digital floor with self-service machines and digital services Customers can do card-less cash withdrawals or deposits,...
White House frets anxious about high oil prices
Jen Psaki says there is enough production capacity globally US crude production peaked in Jan 2020 at nearly 13m bpd...
Emiratis can’t travel to 14 countries on UAE’s no-go list
Many individuals such as diplomatic missions exempted Cases of Delta variant have been found in many countries Seeking to keep...
Saudi forces shoot down Houthi armed drone
OIC condemns the militia's unending attacks as terrorism Iran accused of providing rockets and missiles to Houthis Saudi air defenses...
Saudi Arabia forbids travel to and from UAE, Ethiopia, Vietnam
Ban to ensure the variant is kept out of the kingdom All travelers to the kingdom will have to undergo...
Saudi Arabia set to launch new airline targeting international flyers
The new airline is expected to carry people between nations within the region like Emirates, Qatar Airways Saudi airlines mostly...
Iran fears Covid variant outbreak could hit it harder
Official data put Covid toll in Iran at 84,000 Tehran, nine other cities highest-risk places Iran has struggled to keep...
Emirates’ deal with Travelport could make flights cheaper
Emirates will distribute its NDC content via Travelport+ The firms also extended their longstanding IT agreement Dubai-based carrier Emirates was...
Lebanon army to offer tourists paid helicopter joyrides
Up to three people would be allowed aboard per flight Lebanon's economic crisis has hit its military hard The Lebanese...
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Company News
e& H1 net profit $1.27bn
Business
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SABIC AN profit slumps 71% in H1
Business
Tech’s carbon footprint: can AI revolutionize responsibly?
The planet's 8,000 or so data centers are the foundation of our online existence, and will grow ever further with...
Business
Estithmar opens new subsidiary in Jordan
The subsidiary was set up in partnership with a Jordanian company.
Business
Saudi first quarter travel balance of payments surplus $6 billion
Riyadh, Saudi Arabia -- Saudi Arabia achieved a surplus of SAR 22.8 billion ($6.07 billion) in the balance of payments...
Business
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Business
Saudi Arabia’s consumer spending hits $27bn in July: Central Bank
Riyadh, Saudi Arabia -- Consumer spending in Saudi Arabia increased 2 percent to SAR 104.6 billion ($27.88 billion) in July 2023, from...
- Data showed 745.9 million transactions were processed through 1.64 million POS devices in July.
- POS transactions represent what consumers spend using their ATM and credit cards in shopping malls, retail stores, pharmacies, etc.
Geostrategy
Constructive Saudi pledges made for Lebanon assistance: Iran FM
Tehran, Iran -- Iranian Foreign Minister Hossein Amirabdollahian said Thursday that discussions with Saudi authorities have resulted in constructive statements...
- Iran wants nothing but good, stability, peace, and development for Lebanon, Hossein Amirabdollahian told reporters in Beirut.
- "We expect all regional and international countries to contribute to improving Lebanon's economic situation," he said.
Business
Global construction industry projected to reach $12.9 trillion by 2028
Dubai, UAE -- The global construction industry is projected to reach a staggering $12.9 trillion by 2028, with a robust...
- The study says residential construction will continue to dominate, driven by rising per capita income and disposable income.
- The Asia Pacific region is poised to retain its leadership position, attributed to increasing urbanization and robust infrastructural development.