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Friday, Jun 12, 2026
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IMF Highlights Saudi Economic Strength as Non-Oil Growth Gains Momentum

The International Monetary Fund said Saudi Arabia recorded 4.5% GDP growth last year, supported by domestic demand and diversification efforts that helped cushion the economy from regional geopolitical disruptions and shipping challenges.
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Saudi Arabia Expands Renewable-Powered Tourism and Sustainability Initiatives

A series of new environmental, tourism and technology projects continues to support Vision 2030 goals aimed at broadening economic activity beyond the oil sector.

Red Sea Global Launches In-House Music Label for Tourism Projects

The developer released its second proprietary music album, creating original soundtracks intended for use across its luxury resorts and electric vehicle fleets.

Public Investment Fund Reduces Financial Support for LIV Golf

The sovereign wealth fund has reportedly scaled back funding commitments to LIV Golf, prompting the league to seek new investors and adjust its long-term operating model.

KAUST Develops Dust-Resistant Solar Technology for Desert Environments

Researchers at King Abdullah University of Science and Technology successfully tested a new solar panel coating designed to improve efficiency and reduce maintenance costs in ha...

Saudi Wildlife Authority Expands Protected Nature Reserves

New wildlife sanctuaries have been established to preserve native species while supporting eco-tourism development as part of the Kingdom’s economic diversification plans.

Gallagher Acquires Majority Stake in Saudi Reinsurance Business

The global insurance broker increased its presence in Saudi Arabia by taking control of ACE Gallagher, positioning itself to benefit from growing demand for risk management and ...

Red Sea Global Achieves Major Carbon Emissions Reduction Milestone

Independent audits found the flagship Red Sea tourism destination avoided more than 100,000 tonnes of carbon emissions over the past year by operating entirely on solar energy a...

Saudi Arabia Secures Expanded Cooperation With UN World Food Programme

Officials from the King Salman Humanitarian Aid and Relief Centre held high-level talks with the World Food Programme to reinforce cooperation on food assistance and humanitaria...

Red Sea Global Reopens Expanded AlWajh International Airport

The upgraded airport in Tabuk has increased passenger capacity fivefold, supporting the rollout of luxury tourism destinations and the Kingdom’s broader tourism growth strategy.

Saudi Arabia Extends Corporate Tax Amnesty Program Through June

The Zakat, Tax and Customs Authority prolonged its penalty exemption initiative, giving businesses and investors additional time to resolve outstanding tax obligations without f...

King Faisal Specialist Hospital Expands Artificial Intelligence Use in Healthcare

The hospital announced the deployment of a large-scale AI and predictive analytics platform that has reduced emergency waiting times and improved patient care management across ...

Saudi Arabia Strengthens Global Space Role Through United Nations Leadership Appointment

The Kingdom secured a senior position within a key UN space governance body, expanding its influence in international discussions on satellite regulation and future lunar explor...
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