Category: Saudi Arabia Market

Instantly update and podcast Saudi Arabia Market News and Analysis from varies financial media and provide a sitemap with financial news summary & link to latest Saudi Arabia Market News for the one who wanted to catch up Saudi Arabia Market change in timely manner.

Analysis: U.S. seeks to put Saudi crown prince in his place – for now

By Aziz El Yaakoubi, Marwa Rashad5 Min ReadDUBAI (Reuters) – Saudi Crown Prince Mohammed bin Salman may have been spared direct punishment after a U.S. intelligence report implicated him in the killing of dissident journalist Jamal Khashoggi, but he has not emerged unscathed.FILE PHOTO: Saudi Arabia’s Crown Prince Mohammed bin Salman attends a graduation…

Saudi Arabia offers Europe ‘green’ hydrogen by pipeline

DUBAI: Saudi Arabia is offering to transport “green” hydrogen by pipeline to Europe in the next stage of the Kingdom’s strategy to combat climate change.“If Europe would like to buy more hydrogen, Saudi green hydrogen, we would be more than happy, and even, if the economics allow for it, even piping it all the way to somewhere in Europe,”…

KSA sees rising demand for PC devices

RIYADH: The personal computing devices (PCD) market, which is made up of desktops, notebooks, workstations and tablets, recorded strong growth in Saudi Arabia and the Middle East in the final quarter of 2020, according to a new industry report.“The Saudi Arabian market experienced an overall 7.1 percent growth in shipments of PCs and notebooks…

Saudi PIF’s developer to hand over Riyadh homes in 2022

RIYADH: Roshn, Saudi Arabia’s national community developer, is planning to start off-plan sales at its flagship project in Riyadh later this year, with the handover of the first homes to tenants likely in early 2022, a senior executive said.The Kingdom’s state-owned Public Investment Fund (PIF) launched Roshn as a real estate company last year. The…

24% reduced demand for gasoline during the curfew

RIYADH — Anwar Gasim, a researcher in the Climate and Environment Program at the King Abdullah Petroleum Studies and Research Center (KAPSARC), revealed that the demand for kerosene decreased by 46% and gasoline by 24% in March 2020 compared with the same month in 2019, due to the COVID-19 restriction measures that Saudi Arabia had taken in that month.He…

Saudi Arabia “Completely Rejects” Khashoggi Murder Report As US Mulls Curbing Arms Sales

update: Things are about to finally get more interesting for the decades-long ‘unbreakable’ US-Saudi relationship. Or perhaps it’s also the clearest confirmation yet on who is really in charge in the kingdom (it’s long been assumed that despite the sickly King Salman still being officially ruler of Saudi Arabia, in reality his son MbS maintains…

U.S. president, Saudi king have phone call ahead of expected Khashoggi report release

By Jarrett Renshaw, Jonathan Landay4 Min ReadWASHINGTON (Reuters) – U.S. President Joe Biden on Thursday told Saudi King Salman he would work for bilateral ties “as strong and transparent as possible,” the White House said, ahead of the expected release of a sensitive U.S. intelligence report on the 2018 murder of Saudi journalist Jamal Khashoggi.FILE…

Saudi Arabia’s euro bond 3 times oversubscribed

RIYADH: The Saudi National Debt Management Center (NDMC) has announced the receipt of subscriptions from investors for its second international issuance under the Kingdom’s Global Medium-Term Note Program in Euro.The bond issuance was more than three times oversubscribed, with total orders in excess of 5 billion euros ($6.11 billion).Saudi Arabia…

Saudi elevator and escalator market set for post-COVID recovery

RIYADH: Activity in Saudi Arabia’s elevator and escalator market went down by 8.40 percent in 2020 due to the pandemic slowing down construction, but experts believe it will rebound quickly as delayed projects restart and the megaprojects announced as part of Vision 2030 come to fruition.According to the latest report by global consultancy firm…

Safarway: The only guide you will need on your trip

JEDDAH — Saudi Arabia opened its doors to tourism on September 27 last year to let the world experience its hidden beauty. From scenic valleys in Asir to breathtaking beaches in Umluj, from ancient historical sites in Al Ula to museums in Riyadh and Jeddah. Saudi Arabia is also an adventure junkie’s paradise. Over the last few years, Saudi Arabia…

Saudi women-owned companies jump 60 percent

RIYADH: Saudi Arabia was the top reformer and improver among 190 economies in the World Bank’s Women, Business and the Law 2021 report, achieving a score of 80 out of 100, ahead of last year’s 70.6 rankings.The report places the Kingdom first among leading countries in the Middle East and North Africa region (MENA).Saudi Arabia will achieve…

COVID-19 pandemic has ‘permanently affected’ Saudi shopping habits, says expert

RIYADH: Shopping habits have changed permanently for 42 percent of Saudi consumers during the pandemic, according to a new report by global consultancy firm Simon-Kucher & Partners. Only 6 percent of respondents of the survey in Saudi Arabia said that their shopping habits had not changed at all while 52 percent said that their habits had…

Pfizer eyes investment, recruitment, R&D in Kingdom

RIYADH: Pfizer is one of the world’s largest pharmaceutical companies and has been operating in Saudi Arabia for six decades, but many people in the Kingdom will have come to know the brand only as a result of its work developing a coronavirus (COVID-19) vaccine.Patrick van der Loo, regional president for Africa and the Middle East, has worked…

U.S. report on Khashoggi death expected to single out Saudi crown prince: sources

By Reuters Staff2 Min ReadFILE PHOTO: The Committee to Protect Journalists and other press freedom activists hold a candlelight vigil in front of the Saudi Embassy to mark the anniversary of the killing of journalist Jamal Khashoggi at the kingdom’s consulate in Istanbul, Wednesday evening in Washington, U.S., October 2, 2019. REUTERS/Sarah SilbigerWASHINGTON…

Biden call with Saudi King Salman, Khashoggi report expected soon: White House

By Reuters Staff2 Min ReadFILE PHOTO: The Committee to Protect Journalists and other press freedom activists hold a candlelight vigil in front of the Saudi Embassy to mark the anniversary of the killing of journalist Jamal Khashoggi at the kingdom’s consulate in Istanbul, Wednesday evening in Washington, U.S., October 2, 2019. REUTERS/Sarah SilbigerWASHINGTON…

Saudi Arabia’s PIF bets on startups with Hambro Perks Investment

RIYADH: Saudi Arabia’s sovereign wealth fund is backing a Middle East venture-capital fund run by Hambro Perks Ltd., joining the trend for state investors in the region to put money into early-stage companies, according to Al Arabiya citing Bloomberg.The Public Investment Fund (PIF) of Saudi Arabia is an anchor investor in the $50 million Oryx Fund,…

Saudi Arabia sees 227% surge in wealthy individuals in last 5 years

RIYADH: The number of ultra-high-net-worth individuals (UHNWIs) — those with $30 million or more — in Saudi Arabia surged 227 percent over the last five years, the fastest growth rate in the world.According to The Wealth Report by real estate consultancy firm Knight Frank, the number of UHNWIs worldwide will increase by 27 percent in the next five…

SOC as a Service to enable more secured digital transformation journey in Saudi Arabia

RIYADH — Sherif Shaltout, Vice President of Operations for Cysiv Middle East and Africa, sheds light on the current cyber security landscape and how can organizations better protect their digital estates in the kingdom• How critical is cyber security in these times, and how will SOC as a service address the challenges for organizations? Cyber security…

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