GCC establish economic diversification amid Covid-19
Oil and gas production continues to represent over 40 percent of GDP in most of the economies...
Tag : Saudi Arabia
Saudi Arabia to attract $420 bn foreign investments in infrastructure and transportation
The Kindgom plans to attract the investments over the period of a decade...
Aramco China to co-operate to develop new tech, fight climate change
Saudi Aramco has pledged a 50-year partnership with China...
Oil demand to increase in 2021: Aramco CEO
He expects demand to grow as governments and authorities around the world reopen economies...
Saudi Arabia to digitalise real estate transactions
It is reported that 10 mn real estate ownership documents out of an estimated 100 mn had already been digitized...
Saudi increases its holding of US stocks to $12.8 bn
PIF bought a $1.07 bn stake in Electronic Arts Inc and a $1.4 bn stake in Activision Blizzard...
Saudi Arabia to launch new electronic instant payments system
The new payment system is designed to reduce the dependency on cash in the Kingdom...
Saudi Arabia’s economy shrank by 3.8% in Q4 2020
According to preliminary estimates, the Kingdom’s economy contracted by 4.1% last year...
Saudi Arabia to promote use of AI in healthcare
In this regard, the Saudi Data and Artificial Intelligence Authority (SDAIA) and Philips signed an memorandum of understanding (MoU)...
Irish fintech Global Shares sets up ME headquarter in Riyadh
The fintech has also partnered with NCB Capital, the investment arm of the National Commercial Bank...