|
QUOTED
“The Gulf’s sovereign wealth funds controlled by governments of Abu Dhabi, Qatar and Saudi Arabia “invested a record” $82 billion in 2024, a rise of more than 10% from 2023.” Abu Dhabi’s Mubadala overtakes Saudi Arabia’s PIF as world’s top wealth fund spender [ Reuters]
|
|
|
|
TOP STORY
From the Regional HQ Program to KSA’s winning FIFA World Cup bid to new listings on TASI and Nomu, Argaam offers 45 economic milestones for Saudi Arabia in 2024. [more]
|
|
MORE TOP STORYLINES
Via Jonathan Gornall in arabnews.com: In 1924, Riyadh was a small oasis town, covering less than one square kilometer and home to no more than 30,000 people. One hundred years ago, the motor car had yet to displace the camel as the primary form of transport and the future capital of the Kingdom of Saudi Arabia was still contained within the defensive walls that had encircled it for 200 years. Today, Riyadh is a vast metropolis, the largest city on the Arabian Peninsula. Ever expanding, the capital is currently spread over 1,500 square kilometers and has a population close to eight million, largely reliant on the car.
|
Via Mark Lomas in alarabiya.net: After a memorable 2024 for many of Saudi Arabia’s athletes, attention is now turning to the new year and the talented young sportsmen and women who could enjoy a breakout 2025. From football to swimming, MMA to motorsport – Al Arabiya English highlights the Kingdom’s most promising athletes for 2025.
|
in saudigazette.com: The Ministry of Commerce has instructed all government and private entities that they should not use the term sponsor and should be satisfied with the term employer. The ministry emphasized that Article 2 of the Labor Law defines employer as any natural or legal person who employs one or more workers in return for a wage. The ministrys directive came in a letter sent by it to the Federation of Saudi Chambers. In turn, the federation has conveyed the ministrys directive through a circular sent to chambers of commerce and industry in various regions of the Kingdom. It was stated in the circular that the definition of worker is any natural person, male or female, who works for the benefit of the employer and under his management or supervision in return for a wage.
|
|
|
|
|
|
MORE ON THE KINGDOM AND BEYOND
|
|
|
|
|
Saudi Arabia has finalised an arrangement for securing a shariah-compliant revolving credit facility worth $2.5 billion, the...[By Enas Alashray and Ahmed Tolba via reuters.com]
|
|
|
| |
|
|
|
|
Dakar Rally drivers and riders recount Stage 2 of the event, where competitors took two days to traverse nearly 1000 km....[via youtube.com]
|
|
|
| |
|
|
|
|
Saudi Arabia's Public Investment Fund plans to raise $7 billion from its first murabaha credit facility, as the fund diversifies its funding...[By Aarti Nagraj via thenationalnews.com]
|
|
|
| |
|
|
|
|
Saudi Arabia raised $12 billion from global debt markets in a three-part bond sale, attracting strong investor...[By Rachna Uppal and Enas Alashray via reuters.com]
|
|
|
| |
|
|
|
|
Saudi Arabia’s Interior Ministry confirmed that the provisions of the “Use of Security Surveillance Cameras” law prohibit the transfer or publication of security surveillance camera...[via arabnews.com]
|
|
|
| |
|
|
|
|
Among the venues announced Tuesday for the 24-team regional competition were the 70,000-capacity King Fahd Sports City Stadium and King Saud University Stadium, both in...[via france24.com]
|
|
|
| |
|
|
|
|
That the Gulf’s various sovereign wealth funds have become some of the most dominant players in global dealmaking has rarely been in...[By Matthew Martin via bloomberg.com]
|
|
|
| |
|
|
|
|
Saudi Arabia’s water sector witnessed significant shifts in 2023, with a 31 percent increase in desalinated seawater production, now comprising 50 percent of the country’s...[via azernews.az]
|
|
|
| |
|
|
|
|
Saudi Arabia will need estimated funding of SAR139 billion ($37.02 billion) in 2025 to cover the potential budget deficit. Finance minister Mohammed Al Jadaan has approved...[By Pramod Kumar via agbi.com]
|
|
|
| |
|
|
|
|
Saudi Coffee Company has launched its second annual Saudi Sip of Excellence Competition in partnership with the global nonprofit Alliance for Coffee Excellence. Designed...[By April Hawksworth via gcrmag.com]
|
|
|
| |
|
|
|
|
Saudi Arabia, one of the largest bond issuers in emerging markets last year, has started 2025 with a funding spree as the country fuels its...[By Abeer Abu Omar and Matthew Martin via yahoo.com]
|
|
|
| |
|
|
|
|
Jeddah King Abdulaziz International Airport and Riyadh King Khalid International Airport each posted record passenger traffic in 2024, reflecting the continuing strong performance of aviation...[By Dermot Davitt via moodiedavittreport.com]
|
|
|
| |
|
|
|
|
The world’s top crude oil exporter, Saudi Arabia, has raised the price of its crude loading for Asia in February by more than expected...[By Tsvetana Paraskova via oilprice.com]
|
|
|
| |
|
|
|
|
The Communications, Space and Technology Commission (CST) and the Saudi Standards, Metrology and Quality Organization (SASO) have announced that the first mandatory phase of the...[By Aayushya Ranjan via techafricanews.com]
|
|
|
| |
|
|
|
|
|
|
Oman will impose a minimum top-up tax (DMTT) of 15 percent on multinational companies from January 1, according to a royal decree published by the ...[By Pramod Kumar via agbi.com]
|
|
|
| |
|
|
How UAE is Beating Saudi Arabia, Qatar, Oman, Bahrain, Jordan, Iran, Iraq, Kuwait, Israel, Lebanon, and Syria in Surging Tourism Growth Across the Middle East
|
|
|
But what truly sets the UAE apart isn’t just its attractions—it’s how the country consistently reinvents itself. While Saudi Arabia is still developing its Vision...[via travelandtourworld.com]
|
|
|
| |
|
|
|
