Accor Charts Growth Path After Beating Profit Expectations
Prime Highlights Accor plans to expand its global network and strengthen its loyalty program to drive future growth. The company will sell its stake in Essendi and use the proceeds…
Saudi POS Spending Stays Above $4 Billion as Home Retail Gains Ahead of Ramadan
Prime Highlights Saudi Arabia’s POS transactions remained above $4 billion in the week ending Feb. 14, reflecting steady consumer activity despite a slight weekly decline. Spending on furniture, electronics, and…
Saudi Steel Pipe Posts Strong Profit Growth, Boosts Financial Strength
Prime Highlights Saudi Steel Pipe Co. reported a net profit of SR192 million ($51.19 million) in 2025, up 6.08% from 2024, driven by land settlement compensation, lower finance costs, and…
S&P Global Predicts $20–25 Billion Middle East Sustainable Bond Market in 2026
Prime Highlights Sustainable bond issuance in the Middle East is expected to reach $20–25 billion in 2026, showing strong regional demand despite a global slowdown. Saudi Arabia and the UAE…
Saudi Arabia Expands Industrial and Minerals Ties with European Partners
Prime Highlights Saudi Arabia is boosting cooperation with European partners in pharmaceuticals, trade, and critical minerals. The initiative supports Vision 2030 goals to localise high-tech manufacturing and build resilient supply…
Saudi Arabia Raises $2.09 Billion Through February Sukuk Issuance, Marking 248% Jump from January
Prime Highlights Saudi Arabia raised 86 billion ($2.09 billion)in February via a domestic sukuk issuance, a sharp increase from January’s SR2.26 billion, reflecting a growing focus on Shariah-compliant funding. The…
PwC Expands in Saudi Arabia, Strengthening Local Talent and Economic Growth
Prime Highlights: PwC is boosting its presence in Saudi Arabia, providing consulting and auditing services while supporting Vision 2030. The company resumed consulting for the Public Investment Fund, reinforcing its…
Egypt’s Exports Shine as Trade Gap Narrows in 2025
Prime Highlights: Egypt’s non-oil exports posted strong growth in 2025, reflecting improved global demand and stronger trade performance. The country’s trade deficit continued to narrow, supporting economic stability and long-term…
Saudi Arabia Launches National Skills Framework to Boost Mining and Industrial Workforce
Prime Highlights: Saudi Arabia introduced the Industry & Mining Occupations & Skills Framework to standardise job roles and skill requirements in the mining and industrial sectors. The framework aims to…
Saudi Arabia Sees 5% Revenue Growth as Non-Oil Sectors Drive Economy Forward
Prime Highlights: Saudi Arabia’s Operating Revenue Index rose 5% year on year in November, led by strong growth in manufacturing, trade, and construction. Rising wages and non-oil sector expansion show…
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