Tag: Saudi Arabia Business News
Saudi Arabia’s IoT market set to expand in next five years;...
The Internet of Things (IoT) market of Saudi Arabia has made a promising growth in the historical years until 2019 and is projected to...
Saudi National Bank’s first-half income rises to $1.72bn amid economic rebound
The country’s biggest lender by assets, Saudi National Bank (SNB) has reported a rise of more than 12 percent in the first-half net profit...
Saudi SABIC reports $2bn Q2 profit as global chemical market recovers
Saudi Arabia Basic Industries Corp. (SABIC), the world's largest chemicals company by market value's profits jumped in the second quarter as the economy recovered...
Saudization in malls comes into effect
The resolution to execute total Saudization in closed commercial complexes (malls) has become law in all regions of the Kingdom.
This follows the declaration of...
Saudi Arabia’s CITC ranks Q2 2021 gaming performance of telecos
The Communications and Information Technology Commission (CITC) published the "Game Mode" report for the second quarter (Q2) of 2021, ranking Saudi Arabia’s telecom service...
Riyadh-based AI startup Intelmatix secures funding from STV & Sultan Holdings
Intelmatix, a deep-tech Artificial Intelligence (AI), company has closed its investment round for an undisclosed amount led by STV, Mena's largest venture capital fund,...
Saudi Arabia startups raised $168mn in H1 2021; Magnitt Report
Start-ups in Saudi Arabia, the Arab world's largest economy, received a record $168 million in venture capital funding through 54 deals in the first...
Saudi’s Red Sea Development to use HD project images by KASCT
The Red Sea Development Company (TRSDC) has inked an agreement with the King Abdulaziz Science and Technology City (KACST) to provide high-resolution satellite data and...
