Riyadh Season is an entertainment festival held in Riyadh, the Kingdom’s capital city
Vision 2030
Red Sea
ACWA Power closes $1.33bn in financing for Red Sea Development
The giant tourism project falls in line with Saudi Arabia’s Vision 2030 plan that seeks to diversify the country’s economy away from oil
Investment
Saudi Arabia considers free zones for cloud computing and manufacturing
Saudi Crown Prince Mohammed bin Salman is trying to turn the conservative Islamic kingdom into an investment powerhouse and a global hub for business as part of his Vision 2030 plan to diversify away from oil
Education
Saudi prince plans schools revamp to boost tolerance, employment
Program aims to better align the kingdom’s educational outcomes with the labour market’s needs as unemployment hovers at 11.7 percent
Accounting and Auditing Organisation for Islamic Financial Institutions
Standardisation critical to the sustainable growth of Islamic finance
A unified global legal and regulatory framework could make the industry more attractive to new players
Arabnet Riyadh
‘I’m a techno-optimist. I believe that technology has the power to enhance human lives’
Arabnet Riyadh, the kingdom’s largest technology event, is expected to attract over 6,000 attendees, 150-plus investors and 300-plus exhibiting start-ups. Ahead of the event on December 10-11 at the Riyadh International Convention and Exhibition Center, we speak to the CEO of Arabnet, Omar Christidis
energy sector
Saudi Arabia expands mandate of $28bn fund to energy, mining projects
The Saudi Industrial Development Fund previously only provided financing to local manufacturing businesses
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Ali Al Shaikhi
How Crown Prince Mohammed aims to transform Saudi dietary habits
Saudi Arabia aims to tap the Scottish Highlands to change dietary habits in a place where lamb dominates and hypertension, heart problems and diabetes affect one in five people
Abu Dhabi Commercial Bank
OPEC oil output cuts curb Saudi Arabia’s economic growth
Gross domestic product expanded an annual 1.7% in the first quarter – down from 3.6% in the previous three month
Emirates NBD
Saudi private sector growth hits 15-month high
New survey shows Saudi Arabian private sector’s new order growth accelerates to fastest since April 2015
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GulfTalent
Saudi job market set to be transformed by female drivers
82% of women in Saudi Arabia plan to take up driving this year according to survey
Saudi Arabia Crown Prince
Saudi Arabia to announce 2018 budget next week
The new budget comes as the kingdom undergoes economic diversification reforms
driving license
Saudi women in the driving seat
Opinion: Women driving establishes a foundation for equal rights and opportunities for men and women, writes Dr. Mona AlMunajjed
Expo 2020
GCC corporate and sovereign bond issues to remain high in Q4 2017
Large-scale economic programs such as Saudi Vision 2030 and Dubai Expo 2020 will boost infrastructure and real estate
energy projects
Russia and Saudi to set up $1bn energy fund
Fund will invest in energy projects, technology and equipment
Kingdom’s Vision 2030
Third of new Saudi startups owned by women
SMEs to create 500,000 to 700,000 job in the Kingdom by 2030
Madain Saleh
Richard Branson to turn 50 Saudi islands into luxury tourism destinations
Red Sea project is expected to generate 35,000 jobs, according to the Saudi government