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flynas A320neo aircraft

Saudi Arabia’s flynas orders 30 A320neo family aircraft

The order is expected to support the carrier’s growth plans as it continues to expand its international routes and destinations network

PIF sets up Lifera to boost biopharma industry growth

Saudi Arabia’s PIF sets up Lifera to boost biopharma industry growth

The biopharma investment firm seeks to advance formulation development, medicine development and manufacturing

eid al adha

Saudi Arabia confirms dates for Hajj, Eid Al Adha 2023

Saudi Arabia’s Supreme Court announced that June 19, will mark the first day of Dhul Hijjah, after sighting the new crescent moon in the kingdom

Mashaaer metro

Saudi’s Mashaaer metro line ready to transport over 2 million pilgrims

The high-speed electric train was specifically designed to cater to the needs of pilgrims during the annual Hajj season

Massar Solutions

UAE-based fleet management firm Massar Solutions launches operations in Saudi Arabia

The decision to expand into Riyadh aligns with the company’s vision of providing vehicle leasing, rental, logistics and automotive technologies to government and consumer markets

Anantara resort to open in Trojena NTR Lake Knoll image supplied by Minor Group image Minor Group

Minor Hotels announces new Anantara resort in Trojena, NEOM

The 270-key resort will offer a selection of guest rooms and suites, including some with private pools, and all with spectacular lake or mountain views

Saudi cost of living

Saudi cost of living in line with swift economic progress: Mercer

The driver behind the changes in Saudi Arabia’s cost of living is an increase in the cost of groceries and personal care items

PwC Middle East training in KSA

PwC Middle East to train next-generation Saudi talent in AlUla

The programme allows the young graduates to advance their digital capabilities while acquiring skills and experience

Jeddah port - Maersk

Maersk expands operations at Jeddah Port with AE7, AE12 services

The service links Jeddah to over a dozen global shipping hubs across Southern Europe, Africa, and East Asia

Arab China Conference

Arab-China Business Conference underscores strengthening ties

The forum concluded with the signing of the Riyadh Declaration, underscoring continued collaboration between the China and Arab countries.

Arab-China Business Conference image Saudi Ministry of Investment

Arab-China Business Conference: Deals worth $10bn inked on opening day

Trade between China and Saudi Arabia alone exceeded $106bn last year, representing a 30 per cent growth rate during 2021

e-visa

Saudi Arabia introduces new instant e-visa

The introduction of the e-visa is one of several initiatives launched by the kingdom in the past year to enhance the visitor experience

Saudi Arabia signs deal with China EV maker

Saudi Arabia inks $5.6bn deal with Chinese EV brand Human Horizons

The deal accounts for more than half of the $10bn investment agreements that were signed on the first day of the Arab-China business conference

Riyadh air

Riyadh Air takes flight in Saudi skies ahead of air show debut: Watch

Riyadh Air will join the global aviation sector with “RX” as its Airline Designator Code which was approved by the International Air Transport Association

Saudi Arabia disburses $8bn

Saudi to invest more than $800bn in tourism sector by 2033

The ministry has developed comprehensive plans for the travel and tourism sector which comprises 3 per cent of the labour market

IMF trims Saudi Arabia growth forecast

IMF trims Saudi Arabia growth forecast to 2.1% in 2023

The fund projected that Saudi Arabia would swing to a deficit in 2023 on lower oil revenue

Karim Benzema at Ittihad Club

Karim Benzema, former Galactico descends on Saudi Arabia with Al Ittihad signing

The Ballon d’Or winner was with Real Madrid for 14-years before agreeing to move to the Saudi Pro League club on an initial three-year contract

Proven

TMF Group expands into Saudi by acquiring Proven’s corporate services business

TMF Group will open a new office in Riyadh, and build on the existing Saudi clients

PIF merges LIV Golf and PGA Tour

Saudi-backed LIV Golf merges with PGA Tour and DP World Tour

The merged entity will implement a plan to grow the combined commercial businesses, drive greater fan engagement and accelerate growth initiatives

Antony Blinken in Saudi Arabia

Antony Blinken meets Crown Prince Mohammad bin Salman in Saudi Arabia

The visit by the US State Secretary builds on President Biden’s visit to Saudi Arabia in 2022

Flynas (Image: Supplied by flynas)

Flynas to commence flights to Egypt’s Sphinx International airport

It will operate thrice-weekly nonstop services from Riyadh and Jeddah

NEOM's green hydrogen project by L&T

Standard Chartered issues first-ever green guarantee to Larsen & Toubro in Saudi Arabia

The sustainable guarantee issued by the bank will see L&T receive the necessary financial support for the development of wind and solar farms to support green hydrogen generation

NEOM construction progress

Saudi Arabia’s NEOM gets $5.6bn to build workforce housing

The scope of the agreement will cover elements of design, finance, build, operations and maintenance of the housing communities

Red Sea Global partanna image- Red Sea Global

Saudi’s Red Sea Global, Partanna project to use carbon-negative concrete

Partanna, which uses recycled ocean water brine in its carbon-negative concrete, will supply Red Sea Global with 11,000 carbon-negative pavers initially for its landscape nursery

Six Senses Amaala to launch in Saudi Arabia Image Six Senses Amaala

Six Senses to launch resort in Amaala, Saudi Arabia

Six Senses Amaala is set to open as part of the first phase of the Triple Bay development

Saudi Arabia sports clubs’ privatisation plan

Saudi Arabia kicks off sports clubs privatisation project

The project seeks to raise Saudi Pro League’s commercial revenues from SAR450m in 2022 to over SAR1.8bn annually

Oil production to be hit after Saudi Arabia announces cuts. Image: Getty Images

Saudi Arabia to cut additional one million barrels in oil production after OPEC+ talks

The 23-nation group offered no additional action to buttress the market, but pledged to maintain their existing oil production cuts until the end of 2024

Riyadh Air

Riyadh Air unveils new livery

The airline describes it as a “perfect blend of cutting-edge technology and timeless elegance”

Saudi Arabia disburses $8bn

Saudi Arabia’s National Development Fund disburses over $8bn in financing

The Saudi Industrial Development Fund supported over 100 beneficiaries through the industrial fund’s academic and advisory programmes

NEOM - TELFAZ11 Productions

NEOM, Telfaz11 sign partnership to produce nine shows and three films

Two feature films and one series which are currently under development at NEOM’s media hub, will be included in the overall deal