Business

The Gulf region’s luxury sector is growing twice as fast as the global industry, reaching $12.5 billion in 2023, driven by strong macroeconomics and flourishing tourism, a new report revealed. According to the findings by luxury goods…
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Saudi Arabia has completed its riyal-denominated sukuk issuance for June at SR4.4 billion ($1.17 billion), according to the National Debt Management Center. The Kingdom issued sukuk amounting to SR3.23 billion in May, while it was SR7.39…
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Airbus softened key industrial and financial targets and took a hefty €900-million ($965 million) charge for its troubled space activities as Europe’s largest aerospace group sought a clean slate approach to supply disruptions and…
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Saudi Arabia’s construction output value is projected to hit $181.5 billion by the end of 2028 — a 28 percent rise over five years, according to global property consultancy Knight Frank, An analysis by the firm found that output value…
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The world’s largest renewable energy survey will take place in Saudi Arabia, it has been announced – with the installation of 1,200 measuring stations. The Kingdom’s Energy Minister Prince Abdulaziz Al-Saud inaugurated the Geographic…
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Collaborations in city development, green technologies, and infrastructure financing were discussed by officials from Saudi Arabia and the UK at a special event in London. The UK-Saudi Sustainable Infrastructure Summit, held on June 24,…
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Agriculture, healthcare, and education are among the sectors that will benefit from a new conference aiming to boost partnership deals between Saudi Arabia and Australia. Set to be held from Oct. 21 to 22 at the KAFD Conference Centre in…
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Saudi Arabia’s flynas has been named the Best Low-Cost Airline in the Middle East for the seventh time in a row by a leading industry body. The carrier was also ranked in the top three low-cost airlines in the world by the International…
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The World Bank has approved $700 million in financing to support Egypt’s private sector, economic resilience and green growth. The Development Policy Financing operation is designed to help Egypt address short-term economic challenges…
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Chinese tourist groups will now find it easier to visit Saudi Arabia following the implementation of the Approved Destination Status arrangement, effective July 1. This initiative marks a key step toward the Kingdom’s goal of positioning…
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