UAE and Elon Musk Collaborate on Revolutionary Dubai Loop Project
Prime Highlights: The UAE partners with Elon Musk for the development of the innovative Dubai Loop project, aimed at transforming
Deloitte Launches AI Services in Saudi Arabia to Accelerate Digital Transformation
Prime Highlights: Deloitte aims to double its growth in Saudi Arabia over the next three years, with a focus on
GCC Grocery Market Shifts Towards Value-Centric Retail Strategies: A New Era of Consumer Priorities
Prime Highlights: The GCC grocery market is increasingly focusing on affordability, with consumers prioritizing price and promotions when selecting retailers.
GCC Equity Markets Record Strong Performance in January
Prime Highlights: GCC equity markets showed robust growth in January, with Kuwait’s All Share Index leading at a 5.7% gain,
Middle East Air Cargo Demand Grows 13% in 2024
Prime Highlights: Middle Eastern carriers saw a 13% increase in air cargo demand in 2024, driven by e-commerce and ocean
Saudi Telecom Firm stc Secures $8.7 Billion Contract for Telecommunications Infrastructure
Prime Highlights: The deal spans 18 months for preparation and execution, followed by 15 years of operational management. Revenue from
Saudi Crude Oil Production Increases by 1.21% in November Reaching 8.92 Million BPD
Prime Highlights: Saudi Arabia's crude oil output reached 8.92 million barrels per day (bpd) in November 2024, marking a 1.21%
PIF to Sell Thiqah to Elm in $907 Million Deal to Strengthen Saudi Arabia’s ICT Sector
Prime Highlights: Elm will acquire 45,000 shares of Thiqah, each valued at SR1,000 ($266.56), marking a full acquisition of Thiqah’s
Amman Stock Exchange to Boost Market with Bond Trading and Tax Reforms
Prime Highlights: The Amman Stock Exchange (ASE) will introduce government bond trading to enhance market liquidity and attract global investment,
Saudi Arabia’s Participation at WEF Bolsters Global Innovation and AI Agenda
Prime Highlights: The Kingdom’s participation in the World Economic Forum (WEF) reinforces its commitment to advancing the digital economy, innovation,
Saudi Ports Achieve 14.45% Growth in Cargo Handling Reaching 320.78 Million Tonnes in 2024
Prime Highlights: Saudi ports processed 320.78 million tonnes of cargo in 2024, marking a 14.45% year-on-year increase. Container exports rose
Saudi Arabia to Open 5,000 Sq. Km of Mining Exploration Opportunities in 2025
Prime Highlights: Saudi Arabia to offer 5,000 sq. km of mineral exploration sites in 2025. Mining sector valued at $2.5