Saudi Arabia May Ease Tax Rules To Boost Appeal Of Bonds To Foreigners
Saudi Arabia has announced a series of strategic steps to enhance its debt capital market, including potential tax reductions aimed at making local corporate bonds more attractive to foreign investors...
June 13, 2024603Category: Business
Arabian Mills To List 30% Stake On Saudi Stock Exchange
Arabian Mills for Food Products plans to list 15.4 million shares, representing a 30 percent stake, on the Saudi stock exchange, according to the country’s market regulator.
The Capital Marke...
June 26, 2024594Category: Business
Saudi Non-Oil Exports Surge To $27.11 Billion In April
Saudi Arabia experienced significant growth in its non-oil exports, including re-exports, which surged by 12.4 percent to reach $27 billion (Dh99 billion) in April compared to the same period in 2023,...
June 26, 2024536Category: Business
Saudi Arabia And Siemens Energy Ink $1.5 Billion Deal For Gas-Powered Plants
Saudi Arabia has signed a $1.5 billion (Dh5.5 billion) deal with German company Siemens Energy to supply technology for two upcoming gas-fired power plants.
These plants, Taiba 2 and Qassim 2, loca...
June 27, 2024533Category: Business
Economic Developments In Saudi Arabia: Trends And Implications
Saudi Arabia, the largest economy in the Middle East, has been undergoing significant economic transformations in recent years. These changes are part of the Kingdom's Vision 2030 initiative, aime...
June 27, 2024589Category: Business
Saudi Aramco: World's Largest Oil Company By Proven Reserves
Saudi Aramco has secured its position as the world's largest oil company by proven reserves, boasting figures 15 times higher than its closest competitor, according to newly released data.
St...
June 28, 2024670Category: Business
Saudi PIF Ranks As Top State-Owned Investor
Saudi Arabia’s Public Investment Fund (PIF) has emerged as the top state-owned investor, spending $10.2 billion (Dh37.4 billion) in the first half of 2024.
The PIF, which holds stakes in majo...
July 03, 2024778Category: Business
Saudi Arabia And NASA Sign Landmark Space Cooperation Agreement
Introduction of the Agreement
Saudi Arabia and the United States' space agency, NASA, have entered into a strategic cooperation agreement focused on civilian space exploration and research, acc...
July 17, 2024887Category: Business
Saudi Arabia Boosts Crude Exports To 6.12 Million Bpd In May, JODI Reports
Saudi Arabia's crude exports increased to 6.12 million barrels per day (bpd) in May, marking a 2.51 per cent increase from the previous month, according to the Joint Organisations Data Initiative ...
July 19, 2024672Category: Business
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July 27, 20241950Category: Business
Saudi Arabia Boosts Export Financing As Non-Oil Trade Deficit Widens In 2024
Saudi Arabia has seen a significant increase in export financing in the first half of 2024 as the country intensifies efforts to reduce its non-oil trade deficit.
Export Financing and Insurance Sur...
August 20, 2024743Category: Business
Saudi STC Approves Three-Year Dividend Policy
Saudi Telecom Company (STC) Group has announced a new three-year dividend policy, committing to a quarterly payout of $0.15 (equivalent to Dh0.55) per share, starting from Q4 2024 and extending throug...
August 27, 2024945Category: Business
Saudi Arabia Launches Tender For Aquaponics Fish Farms To Boost Food Security
Saudi Arabia has announced a tender for a fish farming project on its north-eastern coast as part of its efforts to promote healthier eating habits and enhance food security.
Project Overview
Th...
August 31, 2024721Category: Business
Revolutionizing Middle Eastern Real Estate With Advanced CRM Technology
The real estate market in the Middle East is rapidly evolving, driven by cutting-edge technology and innovative solutions. Advanced CRM technology is transforming how real estate professionals manage ...
September 03, 2024271Category: Business
Saudi Arabia Unveils Tourist Tax Refund Scheme To Boost Tourism
Saudi Arabia’s New Initiative to Enhance Tourism
In a move to attract more visitors and enhance its global competitiveness, Saudi Arabia has launched a tourist tax refund scheme. The initiati...
September 11, 2024957Category: Business