Abeer Hommadi

Abeer Hommadi
Business  The Saudi capital, Riyadh 

IMF Forecasts Saudi Economy to Grow 5.5% in 2027

The International Monetary Fund (IMF) expects Saudi Arabia’s economy to expand by 5.5 percent in 2027, driven by a recovery in both the oil and non-oil sectors…

Abeer Hommadi (Riyadh)
Business Engineers are seen at a Petro Rabigh facility. (Petro Rabigh on X)

A Year After Restructuring, Petro Rabigh Posts $709 Million Profit

Just one year after facing financial challenges that forced a capital restructuring, the Rabigh Refining and Petrochemical Company (Petro Rabigh) has returned…

Abeer Hommadi (Riyadh)
Business The Saudi Tadawul Group tower in Riyadh’s financial district. (Hamah Holding)

What Saudi Stocks Need to Regain Momentum After Years Near 11,000 Points

Saudi Arabia’s economy is changing rapidly. Its stock market is not. Despite years of sweeping reforms, strong non-oil growth and heavy investment under…

Abeer Hommadi (Riyadh)
Business Riyadh, Saudi Arabia (Reuters)

Saudi Arabia Restructures Debt Maturities to Bolster Fiscal Sustainability, Develop the Sukuk Market

Saudi Arabia is continuing to enhance the management of its public debt by restructuring the maturities of government sukuk, a move that experts say will…

Abeer Hommadi (Riyadh)
Business The NEOM Green Hydrogen Project (NEOM) 

ACWA Power to Lead Saudi Arabia’s Green Hydrogen Export Drive

Saudi Arabia is opening a new chapter in its energy export strategy by entrusting ACWA Power with exporting green hydrogen and its derivatives, while also…

Abeer Hommadi (Riyadh)
Business The Saudi capital, Riyadh. Reuters

State Revenue System Shifts Saudi Arabia to Governance and Sustainability

Saudi Arabia's financial system has entered a new phase of structured governance following the Cabinet's approval of the updated State Revenue System during…

Abeer Hommadi (Riyadh)
Business Embraer E195-E2 aircraft parked at the company’s headquarters (EPA)

Embraer Presses Ahead with Saudi Aviation, Defense Partnerships

Brazilian aircraft manufacturer Embraer is pressing ahead with strategic memoranda of understanding signed with Saudi Arabia in 2023, company officials said,…

Abeer Hommadi (Brazil)
Business Kamil Al-Awadhi, Regional Vice President of the International Air Transport Association (IATA) for Africa and the Middle East, speaks to Asharq Al-Awsat. (Asharq Al-Awsat)

IATA to Asharq Al-Awsat: Saudi Airlines Lead Gulf Aviation Resilience in Absorbing Shocks

Despite Gulf airlines incurring billions of dollars in losses due to recent geopolitical tensions, Saudi carriers have demonstrated exceptional resilience and…

Abeer Hommadi (Rio de Janeiro)