Business

Updates on Oil Prices: A Second Consecutive Weekly Drop is Anticipated

Due to a strong dollar and conflicting economic signals, investor mood was negatively impacted by oil prices on Friday, setting…

Startup Wrap: As MENA Activity Picks Up, Cross-Border Finance and Acquisitions Thrive

In recent weeks, there have been a lot of acquisitions and funding rounds related to regional startup activity; the most…

Saudi Arabia’s House Ownership Rate Surpasses 63% and Approaches the Vision 2030 Goal

According to a recent estimate, the proportion of Saudi households with a home by the end of 2023 was 63.74…

Suez Canal’s Earnings Declines as Some Tankers Avoid the Red Sea

In the most recent fiscal year, the Suez Canal’s yearly revenue decreased by over 25% as some merchants chose to…

Watchdog Chief Reports that Saudi Property Transactions have Increased by 17% as a Result of the Real Estate Brokerage Law

According to a senior official, new safeguards in the real estate sector of Saudi Arabia contributed to a 17 percent…

Saudi Aramco has Finished Issuing $6 Billion Worth of Foreign Bonds

After a three-year break, the state oil company Saudi Aramco has returned to the debt market with the completion of…

CEO: Saudi Arabia’s Tharwah will Increase its Reach with $13 Million from the Nomu Offering

Tharwah, a Saudi human resources company, intends to fund its expansion plans with the expected SR50 million ($13 million) raised…

Lilium Signs Agreement to Provide Saudi with Electric Vertical Takeoff and Landing Aircraft

With a ground-breaking agreement to sell up to 100 electric vertical take-off and landing jets to Saudia, the Kingdom’s first…

In 2024, the IEA Projects a 2.5% Increase in Global Gas Demand

An study predicts that this year’s global gas demand will increase by more than 100 billion cubic meters, or 2.5…

“A Fantastic Day for Relations Between Saudi Arabia and Germany” A Delegation from Saudia Visits Airbus in Hamburg to Commemorate a Historic Agreement

In order to personally witness the development of the biggest aircraft transaction in the history of the Kingdom’s aviation industry,…