Prime Highlights: Foreigners can now invest in Saudi-listed companies owning real estate in Makkah and Madinah, opening new avenues for investment in the Kingdom's capital market. Foreign investors can acquire…
Prime Highlights: Saudi Arabia’s non-oil exports surged 19.7% year-on-year in November, totaling SR26.92 billion ($7.18 billion), reflecting progress in economic diversification. Chemical products led export growth, making up 24% of…
Prime Highlights: Saudi Arabia's education sector saw a 91.5% increase in spending, reaching SR220.76 million ($58.8 million) between January 12-18, 2025, driven by students returning to school after the midyear…
Prime Highlights: Saudi Arabia's reserves at the central bank, SAMA, reached SR1.69 trillion ($450.31 billion) in November 2024, marking a 2.8% year-on-year increase. Foreign assets, including currency deposits and foreign…
Highlights: Cloud adoption critical to the future of Saudi Arabia’s mining industry. Ma'aden aims for a tenfold growth by 2040, leveraging advanced technologies. Saudi Arabia focuses on integrating AI, cloud,…
Prime Highlights: Saudi Arabia’s bank loans reached SR2.93 trillion ($782 billion) in November 2024, reflecting a 13.33% year-on-year growth—the highest in 22 months. Corporate loans increased by 17.28% to SR1.58…
Prime Highlights: Saudi Arabia’s inflation rate rose by 1.7% in 2024, with housing rents rising by 10.6%. The housing, water, electricity, gas, and fuel sector saw an 8.8% price increase.…
Prime Highlights: Saudi Aramco secures 145 agreements valued at $9 billion on the first day of the iktva Forum 2025. These agreements will boost local content in Saudi Arabia’s energy…
Prime Highlights: Saudi Arabia accounted for 42 of 53 IPOs in the GCC in 2024. The Kingdom raised $4.1 billion, representing 31.6% of total GCC IPO proceeds. Key Background: Saudi…
Prime Highlights: Lenovo to manufacture millions of PCs and servers annually in Saudi Arabia by 2026. The deal follows the completion of a $2 billion investment partnership with Alat, a…
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