Featured FintechSaudi Arabia occupies third position in Global Retail Development IndexIFM CorrespondentMarch 11, 2024 by IFM CorrespondentMarch 11, 2024 Saudi Arabia’s retail sector is contributing 23% to the non-oil economy, and is aiming to exceed SR460 billion by 2024 end... Read more
Magazine TechnologyGaming gold rush in GulfIFM CorrespondentDecember 29, 2023January 9, 2024 by IFM CorrespondentDecember 29, 2023January 9, 2024 The fact that mobile games are primarily supported by advertising is one reason why the MENA prefers them to PC and console gaming... Read more
Cover Story Logistics MagazineSAL: Bridging Local & Global LogisticsIFM CorrespondentDecember 29, 2023January 8, 2024 by IFM CorrespondentDecember 29, 2023January 8, 2024 SAL plays a crucial role in supporting one of the key pillars of Vision 2030—economic diversification... Read more
Featured Oil & GasChina oil prices fall scepticism on OPEC+ cutsIFM CorrespondentDecember 12, 2023December 11, 2023 by IFM CorrespondentDecember 12, 2023December 11, 2023 Fears regarding the state of China's economy have also contributed to the bearish sentiment... Read more
Featured TransportStart-up of the Week: eKar, an alternative option to traditional car ownershipIFM CorrespondentDecember 6, 2023December 6, 2023 by IFM CorrespondentDecember 6, 2023December 6, 2023 The eKar mobile app was created to provide a flawless user experience, making it simple to browse and book cars as well as process payments... Read more
Featured Oil & GasSaudi Arabia’s Q3 2023 budget deficit reaches USD 9.54 billion as oil revenue fallsIFM CorrespondentNovember 10, 2023November 9, 2023 by IFM CorrespondentNovember 10, 2023November 9, 2023 The largest oil exporter in the world reported a nearly USD 30 billion budget surplus in 2022 as increased oil prices caused a 31% increase in government revenue... Read more
Aviation FeaturedSaudi Arabia’s E-Visa system gets South Africa’s thumbs-upIFM CorrespondentNovember 9, 2023 by IFM CorrespondentNovember 9, 2023 The one-year multi-entry e-visa permits visitors to stay in the Kingdom for up to ninety days at a time... Read more
Featured FintechMobile & card payments rise as Saudi Arabia transitions to a cashless societyIFM CorrespondentNovember 1, 2023November 1, 2023 by IFM CorrespondentNovember 1, 2023November 1, 2023 According to the Fintech Saudi report for the financial year 2021-22, there were 147 active fintech ventures in Saudi Arabia... Read more
Economy FeaturedUnited Kingdom-Saudi Arabia trade in goods & services surges by 65.8%IFM CorrespondentOctober 31, 2023 by IFM CorrespondentOctober 31, 2023 Saudi Arabia was the source of the United Kingdom's imports of refined oil, crude oil, non-ferrous metals, and basic plastics, among other things... Read more
Featured MarketsUAE IPOs shine despite global setbacksIFM CorrespondentOctober 30, 2023October 30, 2023 by IFM CorrespondentOctober 30, 2023October 30, 2023 The UAE and Saudi Arabia are now playing a significant role in the IPO market, thereby collectively raising USD 7.35 billion from 35 IPOs... Read more