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Tag: Business

S&P AFFIRMS SAUDI ARABIA’S RATING ON ‘ROBUST GDP GROWTH’ AS OIL PRICES TRADE HIGHER

With assets totaling 496 billion Saudi riyals ($132.26 billion), the National Development Fund also contributes to the kingdom’s economy through a number of funding initiatives. Through its affiliates, the
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KSA AVAITION INDUSTRY IS THE NEW DEAL

According to a Boeing official, Saudi Arabia, which is launching a plan to grow its aviation industry, has the potential to become a major force in the Middle Eastern
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CITC PUBLISHES SPECTRUM TRADING REGULATIONS

In an effort to implement its National Spectrum Strategy, the Communications and Information Technology Commission has just recently published the Spectrum Trading Regulations (2020-2025). These rules seek to implement
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UAE’S BURJEEL HOLDINGS TO ENTER SAUDI ARABIA WITH $1BN INVESTMENT

Burjeel Holdings, a leading healthcare company based in the United Arab Emirates, and the Saudi Arabian Ministry of Investment have signed a memorandum of understanding (MoU) to cohesively explore
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THE NEXT CONSTRUCTION HUB IS KSA: CLAIMS KNIGHT FRANK

By 2030, Saudi Arabia is expected to surpass all other countries as the largest construction site in the world, according to global real estate consulting firm Knight Frank. It
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E-COMMERCE LAWS: VIOLATORS TO FACE FINES UPTO 1 MILLION

The Ministry of Commerce issued a warning against utilizing various strategies to advertise products on social media. Any infractions of the E-Commerce Law’s provisions and its executive rules will
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KSA GIVES A GLIMPSE OF THE 2023 BUDGET REVENUE: A SR 9 BILLION SURPLUS

The Ministry of Finance has revealed in its 2023 pre-budget statement that Saudi Arabia assessed public revenue in the 2023 budget at SR1,123 trillion and expenditures at SR1,114 trillion,
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KSA SINGAPORE PONDER OVER GROWTH OF DIGITAL ECONOMY

On the sidelines of a trip to Singapore intended to highlight investment opportunities in the digital economy and innovation, Minister of Communications and Information Technology Eng. Abdullah Bin Amer
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5 NEW RENEWABLE ENERGY PROJECTS TO TAKE OFF SOON

The world’s largest oil exporter, Saudi Arabia, has recently commissioned five new renewable energy projects to generate electricity sustainably as it speeds up efforts towards achieving a net-zero emissions
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RITZ-CARLTON RESERVE OPENS IN 2023

It’s anticipated that the first visitors to the Red Sea’s Ummahat Islands of Saudi Arabia would be able to check in the following year. This project is one of
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