Mohammed al-Mutairi
Business The resources at Jafurah are now estimated at 229 trillion standard cu ft of gas and 75 billion barrels of condensates. (Saudi Aramco)

Saudi Jafurah Field Discovery Boosts Kingdom’s Gas Production Status

Saudi Aramco, the Saudi Arabian oil giant, has made a groundbreaking discovery in its unconventional Jafurah Field, adding 15 trillion standard cubic feet of…

Mohammed al-Mutairi (Riyadh)
Business Saudi trader monitors stocks at the Saudi stock market in Riyadh (Reuters)

Saudi Index Records Highest Close Since August 2022

Saudi Arabia's benchmark Tadawul All Share Index (TASI) closed 0.1%, or 17 points, higher at 12,502 points today, Feb. 18, recording the highest close since…

Mohammed al-Mutairi (Riyadh)
Business AlUla Governorate is one of the most attractive places for tourists in Saudi Arabia. (Asharq Al-Awsat)

How Did Saudi Arabia Achieve the 100 Million Visitors Target in 2023?

Recent statements by Saudi Minister of Tourism Ahmed Al-Khatib, who said that the Kingdom attained the objectives of Vision 2030 by receiving more than 100…

Mohammed al-Mutairi (Riyadh)
Business Saudi Arabia is driving a major shift in the transportation sector to address the rising challenges of climate change.  (AFP)

Saudi Arabia Accelerates Shift to Modern Transport for Carbon Emission Reduction

Saudi Arabia is driving a major shift in the transportation sector to address the rising challenges of climate change. The Kingdom’s plans in this area…

Mohammed al-Mutairi (Riyadh)
Business The real estate market is likely to grow in 2024 until it reaches $100 billion in 2030. (SPA)

Three Factors Contributed to Saudi Real Estate Market’s Solidity in 2023

The Saudi real estate market recorded deals with a total value of about SAR 277 billion ($74 billion), compared to SAR 223.5 billion in 2022. Market…

Mohammed al-Mutairi (Riyadh)
Business A trader follows the stocks on a giant screen in the Saudi stock market (AFP)

Saudi Financial Market in 2023: Milestones That Positively Affected Traders

The year 2023 may be one of the strangest years ever in financial markets with some recording sharp fluctuations and others achieving unexpected gains, all…

Mohammed al-Mutairi (Riyadh)
Business Saudi Arabia allocated a sum of 7.8 billion dollars to host the global fair (AFP)

Expo 2030 to Boost Vital Sectors in Saudi Arabia

Economic analysts anticipate that Riyadh’s successful bid to host the Expo 2030 world fair will catalyze a significant boost in Saudi Arabia’s economy,…

Mohammed al-Mutairi (Riyadh)
Business Saudi Exchange (Tadawul) announced that Single Stock Options (SSOs) contracts will be available to trade as of Monday. (SPA)

Single Stock Options Contracts Help in Developing Saudi Market, Attracting Investors

The Saudi Exchange (Tadawul) launched on Monday single stock options (SSOs) contracts, the newest offering in its derivatives market. The new offerings…

Mohammed al-Mutairi (Riyadh)