Tag: Saudi Arabia

New Sharia standard could disrupt sukuk market: S&P

The adoption of the new Sharia Standard 62 could disrupt the sukuk market as soon as next year, S&P Global Ratings said as it...

Saudi Arabia’s Logistics Sector Continues to Thrive with 76% Growth in Second Quarter

The logistics sector showed the highest growth among ten promising sectors in the second quarter of this year. The number of active commercial registrations...

Saudi Arabia to acquire 4 Airbus A330 MRTTs to boost air capabilities

RIYADH: Saudi Arabia is set to bolster its air capabilities with four additional Airbus A330 MRTTs, aimed at enhancing the Royal Saudi Air Force’s...

Local Content and Government Procurement Authority Announces Addition of 205 National Products, With Spending Exceeding SAR 3.4 billion

The Local Content and Government Procurement Authority announced an update to the mandatory list by adding new national products across 11 vital sectors, in...

Saudi Arabia Sees Nearly 190 Million Weekly POS Transactions Totaling Over SAR12 Billion

The number of point-of-sale (POS) transactions in the Kingdom of Saudi Arabia during the week of June 23 to 29 reached 189,693,000, with a...

Shaping Tomorrow: Key Moments from the Fintech Future Summit 2024

The inaugural Fintech Future Summit 2024, takes place at the Riyadh Airport Marriott Hotel, and showcases groundbreaking advancements and innovative discussions set to redefine...

Kuwait’s wealth fund to open Saudi Arabia office to boost ties

Kuwait's wealth fund, which manages more than $800 billion in government funds, will open an office in Saudi Arabia to strengthen ties between the...

Saudi Arabia Ranks 16th in This Year IMD World Competitiveness Yearbook

The Kingdom of Saudi Arabia ranked 16th out of 67 of the world's most competitive countries, according to this year's Swiss-based Institute for Management...

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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)...