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Saudi Non-Oil Private Sector Credit Growth Reaches Ten Percent as Vision 2030 Investment Expands

Saudi Central Bank data shows commercial lending to private companies increased ten percent year on year, supported by investment in manufacturing, construction, tourism and small-business modernization in Riyadh and Jeddah.
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Saudi Arabia Extends Riyadh Entertainment and Cultural Festival Calendar

The General Entertainment Authority has announced an expanded schedule of concerts, sporting exhibitions and cultural events in Riyadh designed to sustain domestic consumer acti...

Aramco Digital and Global Technology Firms Launch Cybersecurity Academy in Dammam

Aramco Digital is partnering with international cybersecurity companies to establish a specialist training academy in Saudi Arabia’s Eastern Province, with the goal of developin...

Red Sea Global Launches Autonomous Electric Transit Network at Coastal Resorts

Red Sea Global has introduced an electric autonomous transport network linking airports, luxury resorts and marine conservation centers as part of its sustainable tourism develo...

Saudi Electricity Company Expands Smart Grid and Renewable Integration in Southern Provinces

Saudi Electricity Company is investing heavily in transmission upgrades and grid infrastructure across Asir, Jazan and Najran to accommodate new utility-scale solar projects and...

Diriyah Gate Signs Agreements for Fifteen New Five-Star Hotels

The Diriyah Gate Development Authority has signed contracts with international hotel operators for fifteen luxury properties in Diriyah, expanding Saudi Arabia’s high-end touris...

Saudi Arabia Launches National Generative AI Initiative Focused on Arabic Language Models

The Saudi Data and Artificial Intelligence Authority has unveiled a national program to develop advanced large language models tailored to Arabic, with the aim of supporting dom...

King Salman Energy Park Completes Major Infrastructure Phase for Global Manufacturers

The King Salman Energy Park has completed core infrastructure across its large industrial zone in Saudi Arabia’s Eastern Province, with dozens of international energy and manufa...

SABIC Reports Strong Second-Quarter Earnings Recovery on Specialty Chemicals Demand

Saudi Basic Industries Corporation reported a significant rebound in second-quarter net income, helped by stronger demand for high-performance polymers and specialty chemical ex...

Saudi Arabia Records More Than Thirty Million International Tourist Arrivals Year to Date

Saudi Tourism Authority data shows international arrivals have surpassed thirty million in the first half of the year, supporting hospitality activity around AlUla, Red Sea reso...

Riyadh Air Finalizes Widebody Aircraft Order Ahead of Global Launch

Riyadh Air has signed a major aircraft procurement agreement for a fleet of widebody jets intended to connect the Saudi capital with major financial and tourism centers across N...

Saudi Arabia Maintains Voluntary Oil Production Cuts Through Third Quarter

The Saudi Ministry of Energy says the Kingdom will continue its voluntary crude production cuts in coordination with OPEC Plus members, seeking to balance global supply with unc...
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