Tag: Saudi Arabia

COP16: Saudi Arabia urges private sector to bridge land restoration funding gap

RIYADH: Saudi Arabia’s UN Convention to Combat Desertification COP16 Presidency has called on the private sector to increase funding for land restoration efforts, highlighting...

Saudi Arabia to boost ICT sector with multi-billion-dollar firms in 2025

RIYADH: Saudi Arabia is set to launch two multi-billion-dollar companies by the end of 2025 as part of plans to boost its communications and...

Saudi corporate lending fuels bank loans growth to near-2 year high of 12.46%

RIYADH: Saudi Arabia’s bank loans reached SR2.88 trillion ($768.93 billion) in October, a 12.46 percent annual growth and the highest in 20 months, official...

Saudi Arabia’s Diriyah Co. set to attract new wave of investors with $500m ticket sizes

RIYADH: Saudi Arabia’s Diriyah Co. is attracting a new wave of global investors with potential ticket sizes of $500 million or more, according to the...

Saudi Arabia reveals 33.8% annual spending boost on Vision 2030 projects

RIYADH: Spending on Vision 2030 programs by Saudi Arabia has increased by an annual rate of 33.8 percent since the launch of the Kingdom’s...

Saudi Arabia boosts R&D spending to $6bn in 2023 amid Vision 2030 push 

Saudi Arabia ramped up its research and development spending to SR22.61 billion ($6.02 billion) in 2023, marking a 17.4 percent increase from the previous...

Saudi Arabia approves FY2025 budget, forecasts $27bn deficit amid expansionary spending

RIYADH: Saudi Arabia on Tuesday approved the state budget for fiscal year 2025 with revenues projected at SR1.18 trillion ($315.73 billion) and expenditure at...

Saudi Arabia’s non-oil exports surge 16.8% in Q3: GASTAT 

RIYADH: Saudi Arabia’s non-oil exports reached SR79.48 billion ($21.17 billion) in the third quarter of 2024, a rise of 16.76 percent compared to the same...

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Emirati startup founders unveil AI-powered innovations at Hub71 Impact 2026

Emirati startup founders showcased AI-powered and advanced technology solutions...

Groww and Zerodha AMCs post nearly 3x growth in AUM over last year

Entry of discount broking firms -- Groww and Zerodha...

Apple launches AI-powered Siri upgrade

Apple has launched an artificial intelligence-powered version of its...

Cloudflare highlights emerging risks and realities of frontier AI models in cybersecurity research

Cloudflare shared new insights into the evolving role of...

Dubai unveils new $410m economic support package for businesses 

Dubai approved a new 1.5 billion dirham ($410 million)...