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IMF Says Saudi Non-Oil Economy Shows Strong Momentum but Flags Regional Risk Exposure

The International Monetary Fund says Saudi Arabia’s non-oil economy continues to grow steadily, supported by domestic demand and private sector activity, while warning that prolonged regional conflict could weigh on medium-term investment prospects.
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Saudi Logistics Strategy Advances with New Neom Port Agreements for Global Trade Routes

Neom’s logistics operations have secured new international shipping partnerships aimed at strengthening its position as a regional trade hub and improving supply chain connectiv...

Saudi Arabia Reviews Sports Investment Strategy and Slows Funding for Global Golf Projects

The Public Investment Fund is reassessing capital allocation to international sports ventures, including LIV Golf, as it shifts focus toward domestic economic development and jo...

Saudi Arabia Establishes Al Waha Duty-Free Company to Capture Airport Retail Revenue

The Public Investment Fund is launching Al Waha, a fully state-owned duty-free operator, as part of efforts to capture higher retail revenues across Saudi Arabia’s expanding int...

Saudi Tourism Authority Expands Global Campaigns to Support Tourism During Project Delays

Saudi Arabia is increasing international tourism promotion efforts, highlighting cultural sites such as AlUla and major events including esports and conferences to sustain visit...

Saudi Ministry of Finance Defends Spending Strategy Despite Rising Fiscal Deficit

Saudi Arabia’s finance ministry says it will continue adjusting or delaying selected projects as needed to manage the budget deficit, while maintaining core spending commitments...

Saudi Arabia Signs AI Partnership Between Magna Artificial Intelligence and South Korea’s Naver

Saudi Arabia’s Magna Artificial Intelligence has entered a strategic partnership with South Korea’s Naver to develop sovereign large language models and secure data systems for ...

Riyadh Air Expands Global Branding Through Atlético Madrid Partnership and Spain Routes

Riyadh Air has strengthened its European strategy through an expanded partnership with Atlético de Madrid, coinciding with new direct flight routes between Riyadh, Madrid, and M...

Saudi Football Federation President Resigns After World Cup Group Stage Exit

Saudi Football Federation President Yasser al-Misehal has resigned following the national team’s group-stage exit at the 2026 World Cup in North America, where Saudi Arabia fini...

Saudi Arabia Halts Mukaab Superstructure Construction Amid Gigaproject Spending Review

Saudi authorities have paused early-stage work on the Mukaab skyscraper project in Riyadh as part of a wider review of major infrastructure spending, prioritising financially vi...

Saudi Arabia Begins Neom Cargo Port Expansion with New European Shipping Partnerships

Neom’s industrial and logistics zones have secured new agreements with European freight operators to strengthen maritime and land-based supply chains, supporting Saudi efforts t...

Women’s Tennis Association Ends Riyadh Finals Agreement Early and Moves Tournament to the US

The Women’s Tennis Association has terminated its hosting deal in Saudi Arabia ahead of schedule and will relocate its season-ending finals to Indian Wells, following sustained ...

Saudi Aramco Cuts Asian Oil Prices and Boosts Shipments from Ras Tanura

Saudi Aramco has reduced its selling prices to Asian buyers and increased shipments from Ras Tanura amid weaker global oil prices and oversupply conditions, aiming to maintain c...
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