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…
Prime Highlights: The Hafr Al-Batin Investment Forum 2025 concluded with SR17 billion ($4.5 billion) in agreements. Key sectors such as agriculture, livestock, healthcare, logistics, and infrastructure were targeted. Key Background:…
Prime Highlights: Saudi public funds raise domestic money market investments by 82.4% year-on-year. The total assets held by these funds increase to SR160.1 billion ($42.6 billion). Key Background: Saudi Arabia’s…
Prime Highlights: Saudi Arabia successfully issued a $12 billion triple-tranche bond, comprising three-year, six-year, and ten-year maturities. The offering was significantly oversubscribed, with the total order book reaching $37 billion.…
Prime Highlights: Saudi Arabia's finance minister, Mohammed Al-Jadaan, has accepted the fiscal borrowing plan for the year 2025 at SR139 billion or $37 billion. The budget will meet two major…
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