Financiers will gather in Riyadh from October 29 to 31 for Saudi Arabia's 8th Future Investment Initiative. Vision 2030 needs urgent foreign investment amidst tighter budgets, as Saudi eyes foreign investment.
Saudi Arabia raises SAR 7.8 billion from a multi-tranche sukuk issuance, continuing its commitment to Islamic finance. The issuance spans five tranches with the largest maturing in 2039.
Saudi Arabia is in talks to acquire Qatari broadcaster BeIN Sports, marking a significant potential shift in Middle East sports media. The deal is in line with the Kingdom's growing investment in sports, both regionally and globally.
Saudi Aramco CEO Amin Nasser remains optimistic about China’s oil demand amid ongoing energy transition challenges, citing growth in liquid-to-chemical projects. Nasser emphasised the importance of a balanced energy mix for developing countries, where oil demand remains strong.
GCC IPOs raised $1.7 billion in Q3 2024, led by NMDC Energy in Abu Dhabi and several key offerings in Saudi Arabia. Q4 promises more activity with Lulu Hypermarket and Talabat set to list.
Neom, the new Saudi mega-city, is utilising 20% of the world’s steel supply to drive construction, becoming a major power-buyer in global construction and logistics. This $500 billion Saudi project is set to redefine future cities.
Riyadh Air, launched in 2023, is set to revolutionise Saudi Arabia's aviation industry with a tech-driven, sustainable approach and plans to connect Riyadh to over 100 global destinations by 2030, in accordance with the Government's Vision 2030 initative.
Universities in the UAE and Saudi Arabia have emerged as the top institutions in the Arab world, led by King Fahd University, with a focus on AI and inclusivity.
Putin expresses openness to Saudi Arabia hosting peace talks with Ukraine but insists negotiations must resume based on the 2022 Istanbul agreement. The talks depend on Ukraine lifting its ban on dealing with Russia.
Padel has become a social and athletic sensation among both men and women in Saudi Arabia, with the sport booming thanks to Vision 2030 and the rise of community-driven clubs.
