A.M. Best Special Report: Stability Returns to Saudi Insurers but Growth Prospects Remain Cloudy

The Saudi insurance market appears to have finally turned the corner following a period of underwriting volatility, according to analysis by A.M. Best. A review of preliminary disclosures by national … [Read more...]

Saudi Arabian Government to Address Cyber Security at the National Level

Saudi Arabia climbed 4 spots to become the 16th biggest economy in the world in 2016, fueled by their commitment to sustainable growth through economic diversification and technological … [Read more...]

Lulu Group has opened its latest hypermarket in Hail

LuLu Group has opened its latest hypermarkets in the city of Hail, Saudi Arabia. The Hypermarket was inaugurated at a ceremony here by Dr. Saud Hamood Al Bugami, Under Secretary of Hail province along … [Read more...]

Saudi Aramco hires Moelis & Co.to advise on its IPO

Saudi Aramco picked Moelis & Co. to advise on its initial public offering, according to people familiar with the matter. The New York-based boutique investment bank had been shortlisted along … [Read more...]

GIQ Industry Survey: Oil to Average in the $50s/bl in 2017

The average Brent oil price will be in the $50s/bl this year, according to 49% of respondents to a GIQ Industry Survey of 250 energy national and international industry professionals. Comparatively, … [Read more...]

BMW Group sales continue to grow through October

Sales of BMW Group vehicles were higher than ever before in October, with total sales of 196,002 units, an increase of 2.3% on the same month last year. This result brings the year-to-date sales total … [Read more...]

Saudi Aramco: large IPO announced in 2018

The oil giant Saudi Aramco announced going public with the release of IPO in 2018. Despite the drop of oil prices in the last two years, the CEO Amin Nasser is optimistic: "The market has started to … [Read more...]

For Responsive and Responsible Leadership, Get Back to the Basics

Leaders are losing people’s confidence because they are lacking in values and motivated by personal goals and not by the common good, said business, government and civil society experts in a session … [Read more...]

Jumeirah Group takes iconic brands in Riyadh and Jeddah roadshows

Jumeirah Group, the global luxury hotel company, has announced its annual GCC roadshow across key markets in the region, which will include two stops in the Kingdom of Saudi Arabia – at Al Faisaliah … [Read more...]

Forward Thinking: 700 Global Experts Converge on Dubai to Shape a New Global Future

The inaugural Annual Meeting of the Global Future Councils opens Sunday in Dubai, bringing together more than 700 experts from around the world to generate ideas and solutions to prepare the world for … [Read more...]

Oil and gas industry can achieve resilience by focusing on being more Efficient, Value Driven and Agile

ADNOC CEO Says Oil and Gas Industry Can Achieve Resilience by focusing on Being More Efficient, Value Driven and Agile “In new energy era cost and price are the only variables and the rules are being … [Read more...]

Natural gas is fastest growing fossil fuel globally

Natural Gas is Fastest Growing Fossil Fuel Globally, with 50% Increase in Consumption by 2040: World Energy Outlook Oil and gas companies must demonstrate agility in their approach to business and … [Read more...]

Small retailers transact $19 trillion in cash annually

A new study from the World Bank Group and the World Economic Forum estimates the global value of micro, small and medium retailers’ transactions. The total value of these transactions is estimated at … [Read more...]

Airport Modernization Summit 2016

Airport Modernization Summit 2016, co-hosted by GACA (General Authority of Civil Aviation), began at the Four Seasons Hotel in Riyadh. The premier event is being held under the patronage of His Royal … [Read more...]

Ministry of Infrastructure Development & Federal Transport Authority announce dates for Middle East Rail 2017 edition

Under the patronage and in presence of H.E. Dr. Abdulla Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Federal Transport Authority, Federal Transport Authority (FTA) and … [Read more...]

OPEC Needs to Cut Oil Supplies to Push Prices Above $50 Barrel: GIQ Survey

The Organization of Petroleum Exporting Countries, which pumps about one third of the world’s oil supply, needs to cut production to sustain a rise in crude prices above $50 a barrel, according to the … [Read more...]

Saudi Arabia looks to fast-track capital market reforms

Proposed changes to Saudi Arabia’s capital markets regulations could be fast-tracked by authorities, paving the way for increased participation from international investors. In May the Capital Market … [Read more...]

Saudi officials visiting Silicon Valley’s tech elite

Image: Prince Mohammed testing a virtual reality headset at the Facebook ofice A delegation of Saudi Arabia officials visited Silicon Valley’s tech elite. They met with the likes of Facebook’s Mark … [Read more...]

Saudi Arabia Seeks Investors to Finance Two Solar Power Plants

Saudi Arabia is seeking international investors to finance two solar power plants 50 megawatts of capacity  each. Each plant might cost approximately $100 million to build. State-owned utility Saudi … [Read more...]

Disclosed: Saudi Arabia Owns USD$ 117 of US Debt

Saudi Arabia owned US$ 116.8 billion of US Treasuries bils as of March this year, according to the the Treasury Department announcement on Monday - after four decades of secrecy. It makes Saudi Arabia … [Read more...]