The volume of spending on information technology (IT) in the Kingdom is expected to hit $7.5bn (SR28bn) in the current year
Growth in Saudi Arabia's non-oil private sector accelerated to its fastest rate for 17 months in January as the government injected cash into the economy after a long period of austerity, a survey of companies showed on Sunday.
Oil and gas giant Saudi Aramco has invited banks to pitch for an advisory position on what is expected to be the world's biggest initial public offering, sources familiar with the matter told Reuters on Tuesday.
audi Arabia will launch in coming weeks a renewable energy program that is expected to involve investment of between $30 billion and $50 billion by 2023
Saudi Arabian Monetary Authority (SAMA) issued sixth edition banknotes and coins under the motto, “Confidence and security.” The new notes incorporate security print features that make them less prone to forgery.
Saudi Arabia is likely to attract significant foreign capital via direct foreign investments (FDI) and foreign portfolio investments (FPI) in the months ahead, according to analysts. The recently announced OPEC production cut will also reduce the downside risks for oil prices, enhancing the government’s fiscal flexibility and overall investor sentiment, said the analysts from Al-Rajhi [...]
According to The Boston Consulting Group’s (BCG) report, Unlocking e-Commerce Opportunity in the Kingdom of Saudi Arabia, the growth of e-Commerce largely outpaces the growth of traditional retail—a trend that is expected to further accelerate in the coming years.
Saudi Arabia’s far-reaching long-term development plan, Vision 2030, takes center stage in a new report just produced by Oxford Business Group (OBG). The Report: Saudi Arabia 2016 provides in-depth analysis of the Kingdom’s ambitious plans to boost non-hydrocarbons growth, modernize the public sector and attract higher levels of foreign investment. Targets include raising non-oil [...]
Sale is biggest-ever emerging-market debt issue; comes as kingdom works to wean economy off oil. Banks and investors flocked to buy Saudi Arabia’s first global bonds, a milestone in the giant oil producer’s efforts to diversify its economy and embrace global financial markets. The $17.5 billion sale, the largest-ever debt sale by a developing country, [...]
Riyadh, Saudi Arabia: Ministry of Foreign Affairs has issued the following visa structure, clarifying the clause "New Saudi Visa Fees shall not affect the bilateral agreements between the Kingdom and other countries" in the recently announced new visa regime; amid mass confusion. Visa Fee for USA & Schengen states remain unchanged. Britain and Turkey got a new 1 year and 2 [...]