Browsing Category
Business
Saudi Arabia, Romania sign deal to propel logistics services
Saudi Arabia and Romania have signed a memorandum of understanding to promote logistics services between the two countries.
The agreement, inked by the Kingdom’s Minister of Transport and Logistics Services Saleh Al-Jasser and the…
Read More...
Read More...
PIF-backed Lucid exceeds quarterly delivery estimates
Lucid Motors, majority-owned by Saudi Arabia’s sovereign wealth fund, delivered 2,394 electric vehicles in the second quarter of this year, a 21.70 percent increase compared to the first quarter.
In a statement, the company said it also…
Read More...
Read More...
Qatar’s real estate trading volume hits $302m in June: official data
Qatar’s real estate trading volume totaled 1.11 billion Qatari riyals ($302 million) in June, showing an 11.90 percent decline from the previous month, official data showed.
Data from the Ministry of Justice revealed that the property…
Read More...
Read More...
Riyadh Air and Delta sign MoU to boost Saudi Arabia, North America connectivity
Saudi airline Riyadh Air and American carrier Delta Air Lines have signed a memorandum of understanding to expand route options for customers traveling between North America, Saudi Arabia and onward destinations.
The agreement, which is…
Read More...
Read More...
MENA VC landscape sees 33% increase in investors: MAGNiTT
Investor numbers in the Middle East and North Africa’s venture capital ecosystem saw an annual increase of 33 percent in the first half of 2024, new data shows.
According to a report from venture data platform MAGNiTT, rising sentiment…
Read More...
Read More...
Iraq to put forward new law to safeguard Saudi investments as bilateral trade surges 12%
A new law will protect Saudi investments in Iraq, with trade between the two countries witnessing an annual growth rate of 12 percent, according to an official in Baghdad.
Mohammed Al-Khareef, chairperson of the Saudi Iraqi Business…
Read More...
Read More...
Saudi banks’ money supply surges over 8% in May to reach record high
Saudi banks’ money supply hit record levels in May, reaching SR2.825 trillion ($753.31 billion) after seeing an annual increase of 8.56 percent, official data showed.
According to the analysis released by the Saudi Central Bank, also…
Read More...
Read More...
MENA startups raise $116m in June, pushing first half of 2024 to $882m: Wamda
Investment activity in the Middle East and North Africa region’s startup space slowed in June with 38 tech startups raising $116 million, bringing the half-year total to $882 million, according to the latest data.
The amount raised in…
Read More...
Read More...
Saudi-China housing partnerships to enhance as officials meet in Riyadh
Strategic partnerships between Saudi Arabia and China across the municipal and housing sectors are set to be enhanced following a high-level meeting in Riyadh.
The Kingdom’s Minister of Municipal, Rural Affairs, and Housing Majid…
Read More...
Read More...
Saudi Arabia’s non-profit sector organizations reach over 4,900 in June
Saudi Arabia’s non-profit sector’s efforts during the Hajj season led to the registration of 61 new organizations in June, bringing the total number of establishments to 4,942.
Data issued by the National Center for Non-Profit Sector…
Read More...
Read More...