Mohammed al-Mutairi
Business A general view of Riyadh, Saudi Arabia. (Asharq Al-Awsat)

Riyadh’s Population Rise to 15 Million Helps Shift City towards Independent Economy

Real estate experts said that Riyadh’s goal to increase its population by about 15 million people in 2030 will contribute to its transformation into a city…

Mohammed al-Mutairi (Riyadh)
Business Tech companies will continue to see their profits grow thanks to their efforts to raise their operational efficiency. (SPA)

Digital Transformation, Technical Development Boost Profitability of Saudi Tech Firms in 2023

Financial analysts have linked the growth of net profits of Saudi application and technology services companies by 22 percent during 2023 with the Kingdom’s…

Mohammed al-Mutairi (Riyadh)
Business The real estate sector in Saudi Arabia is heading towards recovery. (Photo: SPA)

Expansion Plans, High Returns Raise Profits of Saudi Real Estate Companies

Experts said that the real estate sector in Saudi Arabia is heading towards recovery thanks to the implementation of expansion plans, improved operating…

Mohammed al-Mutairi (Riyadh)
Business SABIC recorded the highest loss among companies in the sector. (SABIC website)

Saudi Oil Companies Incur Losses in 2023 Due to Slow Global Demand, Falling Product Prices

Analysts said that the large losses recorded by oil companies listed on the Saudi Stock Exchange (Tadawul) were due to the slowdown in the global economy,…

Mohammed al-Mutairi (Riyadh)
Business Saudis are seen at the Saudi financial market in the capital, Riyadh (Asharq Al-Awsat)

Revenue Growth, Service Expansion Raise Profits of Saudi Telecom Companies in 2023

Telecommunications companies listed on the Saudi Stock Exchange (Tadawul) achieved a 16.8 percent growth in their net profits by the end of 2023, bringing…

Mohammed al-Mutairi (Riyadh)
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)