The company signs Power Purchase agreement for 15GW with ACWA Power, PIF’s Badeel and Saudi Aramco’s Aramco Power
Saudi Arabia
Latest in Saudi Arabia
Saudi ministry of tourism
Saudi Arabia shuts down 10 offices in crackdown on travel operators
Fines ranging from $13,333 to $270,000 to be imposed for operating without licenses and organising unauthorised Umrah and visitation packages
Saudi Tourism
Saudi Arabia tops global ranking for tourism spending growth in Q1 2025
Saudi Arabia sees 102 percent surge in international tourist arrivals in Q1 2025 compared to 2019
PIF
PIF launches Tasama to boost Saudi entrepreneurship and tech ecosystem
New PIF-owned entity Tasama aims to transform Saudi Arabia’s business services sector, support startups, attract global firms, and accelerate economic diversification
GCC population
GCC population hits 61.2m in 2024, rising by 2.1m in one year
GCC population made up of 38.5m males and 22.7m females
Crypto.com
UAE holiday dates; Commission-free Dubai real estate apps; 2025 visa-free travel ideas; Major Saudi property news – 10 things you missed this week
From UAE long weekend forecasts and visa-free travel tips to crypto-backed property deals and Saudi Arabia’s latest labour reforms, this week’s must-read stories capture the shifts driving business, real estate, and mobility across the Gulf
cruise business
Saudi Arabia launches first national cruise ship framework to boost Red Sea tourism and marine sustainability
Saudi Arabia introduces national cruise ship framework to boost Red Sea tourism
eSports
Saudi Arabia hosts Esports World Cup with $70m prize pool, Kingdom targets $13.3bn GDP boost and 39,000 gaming jobs
More than 2,000 players from over 100 countries descend on Riyadh for Saudi gaming event
gcc trade
Saudi Arabia’s non-oil trade surplus with GCC nations soars 203 per cent to $937m in April 2025
Saudi Arabia’s total non-oil trade with GCC hits $4.2bn, driven by booming re-exports and growing ties with UAE, Bahrain, and Oman
Lucid Air
Saudi Arabia’s Lucid Air sets world record with 1,205km drive on a single charge
Lucid Air Grand Touring sets new Guinness World Record with 1,205km electric drive on a single charge
saudi tax
Saudi Arabia warns businesses to file excise tax returns by July 15 to avoid fines
ZATCA urges Saudi excise taxpayers to file May–June 2025 returns by July 15 to avoid penalties
delivery services
Saudi’s Jahez to acquire 76.56% stake in Qatar’s Snoonu for $245mn
The deal values Snoonu at $320mn, making it Qatar’s first startup to surpass the QAR1 billion valuation
eSports
Saudi Arabia launches Esports World Cup 2025: “This is a legacy that is going to last for decades”
“We did something amazing in 2024 with the Esports World Cup,” Saudi Esports Federation president Prince Faisal said
Aviation
Saudia to launch direct Dammam to London Heathrow flights from November 2025
Three weekly flights to connect King Fahd International Airport with Heathrow as Saudi Arabia boosts European air links and inbound tourism
mineral resources in saudi arabia
Saudi Arabia highlights $2.5tn mineral wealth and industrial roadmap at INNOPROM 2025 in Russia
Minister Bandar Alkhorayef outlines Saudi Arabia’s advanced manufacturing ambitions and Fourth Industrial Revolution goals amid soaring trade with Russia
Amazon
Amazon Payment Services partners with Tamara BNPL to expand UAE, Saudi Arabia market
The partnership responds to rising demand for flexible payment options in both the UAE and Saudi Arabia
Real Estate General Authority
Saudi cabinet approves law on property ownership by non-citizens
Comes into effect from January 2026; Real Estate General Authority to propose areas where non-Saudis can own property; special requirements for the Holy Cities