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Flynas takes delivery of 53rd A320neo from Airbus
Saudi Arabia’s budget airline flynas has received its 53rd A320neo aircraft out of an order of 120 from Airbus as part of its strategic expansion plan.
The next-generation model airplane touched down at King Khalid International Airport…
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Saudi banking sector set for 9% Q2 earnings growth, analyst forecasts
The Saudi banking sector is poised to witness an earnings rise in the second quarter of 2024, with an anticipated 9 percent annual growth, a financial analyst has forecast.
In an interview with Al Ekhbariya, Hussein Al-Attas voiced…
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Saudi Arabia’s annual inflation rate rises to 1.5%: GASTAT
Saudi Arabia’s annual inflation rate reached 1.5 percent in June compared to the same month last year, driven primarily by rising housing costs, according to the latest data.
The report from the General Authority for Statistics…
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China’s envoy to KSA meets with Saudi finance vice minister
China’s newly appointed ambassador to the Kingdom met with Saudi Arabia’s finance vice minister in Riyadh, signaling that relations between the two countries are set to flourish.
Abdulmuhsen Al-Khalaf welcomed Chang Hua on July 15 at the…
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Global sukuk issuance hits $91.9bn in H1: S&P Global
Global sukuk issuances reached $91.9 billion in the first half of 2024, marking a marginal year-on-year increase of 0.87 percent, driven by issuers from Saudi Arabia and the UAE.
According to the latest report from S&P Global,…
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Aramco to acquire 50% stake in Air Products Qudra’s Blue Hydrogen Industrial Gases Co.
Energy giant Saudi Aramco is set to acquire a 50 percent stake interest in the Jubail-based Blue Hydrogen Industrial Gases Co.
The deal, pending standard closing conditions, will also grant the firm options to purchase hydrogen and…
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Saudi minister holds talks with Qatar, Hungary, and Solomon Islands on sustainable growth
A Saudi minister held high-level meetings with officials from Qatar, Hungary, and the Solomon Islands to discuss using sustainable development goals as a key driver of growth.
On the sidelines of the annual High-Level Political Forum…
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PIF’s New Murabba Development Co. unveils design of new multi-use stadium
A new 45,000-capacity stadium is set to enhance Saudi Arabia’s sports and entertainment landscape as New Murabba Development Co. unveiled its design as part of its mixed-use project.
In a post on X, formerly known as Twitter, the…
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Saudi Arabia, Thailand to enhance opportunities in energy fields amid top ministerial meeting
Saudi Arabia and Thailand are on track to enhance opportunities in various energy fields thanks to a top ministerial meeting between officials from both countries.
The gathering, attended by the Kingdom’s Minister of Energy Prince…
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Saudi Arabia leads GCC IPO market with $2.1bn raised in first half of 2024: Markaz
Saudi Arabia led the Gulf Cooperation Council’s initial public offering market in the first half of 2024, raising $2.1 billion in what was an annual increase of 141 percent, an analysis has revealed.
In its latest report, Kuwait…
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