On August 7, Saudi Arabia’s Ministry of Industry and Mineral Resources announced a competitive bid for seven new mining exploration licenses, covering approximately 1,000 square kilometers. This initiative is aimed…
Lucid Group, a U.S. electric vehicle manufacturer, has secured $1.5 billion in new funding from its majority shareholder, Ayar Third Investment Co., an affiliate of Saudi Arabia’s Public Investment Fund…
Saudi Arabia has launched the sixth round of its subscription-based savings product, Sah, for August, offering a competitive return of 5.48 percent. The subscription period began on August 4 and…
Saudi Arabia’s real estate price index experienced a 1.7 percent increase in the second quarter of 2024 compared to the same period last year, largely driven by rising costs in…
In June, Qatar's inflation rate remained stable, with the Consumer Price Index (CPI) reaching 107.52 points, a slight decline from 107.59 in May. This represents a 0.98% year-on-year increase from…
The Saudi insurance sector is poised for consolidation as Buruj Cooperative Insurance Co. and the Mediterranean and Gulf Insurance and Reinsurance Co. (Med Gulf) have signed a non-binding memorandum of…
Saudi Arabia's financial technology sector is witnessing increased interest from artificial intelligence startups, aiming to capitalize on the industry's rapid growth. Singapore-based AI startup Dyna.Ai, currently operating in seven countries,…
Riyad Bank has marked a significant milestone in Saudi Arabia's digital banking landscape with the inauguration of the Center of Intelligence, the kingdom’s pioneering artificial intelligence (AI) hub within the…
Saudi Arabia’s growing business landscape has encouraged regional and global companies to establish a local presence in the burgeoning market. Egypt-born generative artificial intelligence startup DXwand is leaving no stone…
Saudi Arabia is embarking on an ambitious program to develop peaceful nuclear energy that will have profound positive impacts on the energy industry and wider economy. According to the Ministry…
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