Tag: Saudi Arabia Business News
Saudi Islamic fintech market expected to hit $47.5bn by 2025: Report
The Saudi Islamic fintech market is predicted to grow up to $47.5 billion by 2025 with a transaction volume worth $17.8 billion, according to...
Saudi Aramco’s contribution to the Kingdom dropped by 30% in 2020
The world’s biggest oil producer, Saudi Aramco saw its payments to the Kingdom's government drop by 30 percent in 2020 as crude oil prices...
PIF-backed US startup Magic Leap in talks with Aramco for innovation...
US-based augmented reality startup Magic Leap CEO Peggy Johnson has stated that the company is in talks with the world’s largest oil-exporting company Saudi...
Saudi Stock Exchange Tadawul opens up short-selling to all investors
Saudi Arabia’s national stock exchange, Tadawul has opened up short-selling and stock-lending options further to all eligible investors in the Kingdom.
The new provisions came...
Saudi’s Alhokair plans to open 57 new F&B outlets
Leading Saudi retail conglomerate Fawaz Abdulaziz Alhokair Co. (Alhokair) is going ahead with an ambitious expansion plan, aiming to open about 57 food and...
Saudi PIF transfers food and agro project stakes to SALIC
Saudi Arabia's sovereign wealth fund, The Public Investment Fund (PIF) has transferred its stake in leading dairy firm Almarai, one of the largest agricultural...
Saudi contractors exhibited $160bn worth expansion plans in Future Projects Forum
On the final day of the Future Projects Forum, hosted by the Saudi Contractors Authority, several companies in the country from multiple sectors unveiled...
Saudi Arabia strives for $420bn foreign investments in infrastructure, transportation
Saudi Investment Minister Mr. Khalid al-Falih stated that Kingdom’s infrastructure and transportation sectors are aiming for $420 billion in foreign investment over the next...
