At the Saudi–US Investment Forum in Riyadh, ACWA Power deepens ties with American firms in clean energy, hydrogen, and desalination technologies
Saudi Arabia
Latest in Saudi Arabia
Ministry of Hajj and Umrah
Saudi Arabia announces upcoming Umrah season calendar
Saudi Arabia will welcome foreign Umrah pilgrims from June 11
BlackRock
PIF strikes deals with BlackRock and Neuberger Berman to boost Saudi capital markets
PIF unveils $5 billion anchor investment in BlackRock infrastructure fund and a $6 billion partnership with Neuberger Berman to deepen Saudi capital markets and boost asset management
E-commerce
Trendyol, Zid join forces to grow revenue for SMEs in Saudi Arabia and UAE
Trendyol and Zid’s partnership provides Saudi and UAE merchants with tools to scale operations, reach new customers, and grow online
Aviation
Parsons wins key contracts for Saudi Arabia’s King Salman International Airport
Infrastructure specialist to oversee airfield and landside development at King Salman International Airport, spanning 57 square kilometers
Crown Prince Mohammed bin Salman
Trump in Saudi: The Art of the ‘Gulf’ Deal
After decades of complicated Middle East diplomacy that promised much and delivered little, perhaps there’s something refreshingly honest about a president who cuts straight to the deal
AI infrastructure
Saudi Arabia’s HUMAIN and AWS forge $5bn-plus AI Zone partnership
AWS and HUMAIN will launch a high-performance AI Zone to scale Arabic LLMs, genAI use cases, and startup innovation
aircraft leasing
Saudi aircraft lessor AviLease orders 30 Boeing 737-8 jets
The deal is reinforcing AviLease’s goal of becoming a top 10 global leasing company
Crown Prince Mohammed bin Salman
Trump in Saudi: U.S. President kicks off Gulf tour with lavish reception as he seeks trillion-dollar deals
The visit, which will also include stops in Qatar and the UAE, focuses heavily on securing massive investment commitments for the U.S.
Saudi Arabia
Wyndham to launch 100 Super 8 hotels in Saudi Arabia
Wyndham Hotels & Resorts partners with Le Park Concord to introduce its Super 8 brand in Saudi Arabia, starting in 2026
Saudi Arabia
New stores propel Spinneys’ Q1 revenue to all-time high of $246.7mn, up 11.3%
Growth driven by increase in like-for-like sales, new store openings, increase in online sales and higher Fresh and Private Label sales
Artificial intelligence
Saudi Arabia’s PIF launches HUMAIN to develop AI ecosystem
The Saudi Crown Prince, who will chair the company’s board of directors, stated that HUMAIN will provide a range of AI services, products and tools
gen z
Saudi Gen Z drive domestic tourism surge: Report
The report’s findings align with Saudi Vision 2030 goals to increase domestic tourism to 55 million trips annually
domestic workers
Saudi Arabia launches 6-month grace period for runaway domestic workers to legalise status
The initiative is part of the Saudi Ministry of Human Resources and Social Development’s efforts to regulate the labour market
Aramco
Lower crude price drags Aramco profits down to $26.01bn
Q1 profit down 4.6% YoY as average realised crude oil price falls over 8%; Result beats median estimate; $21.36bn in dividends announced
Riyadh Metro
Riyadh Metro opens three new orange line stations
The Riyadh Metro system comprises six main lines spanning 176 kilometres and includes 85 stations
Amaala
Saudi Arabia’s Red Sea Global to open two ‘world-class’ schools in September
Turtle Bay International School at The Red Sea and Daraah International School at AMAALA will provide education for up to 726 students, with an initial intake of 120 expected