Startup Wrap — Saudi firms continue to raise funding ahead of LEAP25

Fasanara Capital CEO Francesco Filia (L) with Forus Founder and CEO Nosaibah Al-Rajhi. Supplied

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Updated 08 February 2025

Nour El-Shaeri

February 08, 2025 13:54

Startup Wrap — Saudi firms continue to raise funding ahead of LEAP25

Updated 08 February 2025

Nour El-Shaeri

February 08, 2025 13:54

RIYADH: Saudi Arabia’s startup ecosystem continues to gain momentum ahead of the Kingdom’s flagship technology conference, LEAP 2025, fintech, artificial intelligence, and industrial technology companies securing major funding rounds.

Key investments include Saudi-based peer-to-peer lending platform Forus securing a $60 million credit facility from Fasanara Capital.

The funding will enable Forus to provide over $150 million in working capital loans to Saudi small and medium-sized enterprises.

Founded in 2019 by Nosaibah Al-Rajhi, Forus has facilitated more than $390 million in working capital financing for over 400 Saudi SMEs.

The company aims to address financing gaps for businesses that struggle with access to traditional banking services.

Vminds.ai raises six-figure pre-seed investment

Founded by Ahmed Al-Mashhadi, vminds.ai is an intelligent, self-learning platform. Supplied

Saudi-based AI startup vminds.ai has closed a six-figure pre-seed funding round from undisclosed angel investors. The company plans to use the funds to support its platform’s official launch for individuals and its enterprise rollout in the third quarter of 2025.

Founded by Ahmed Al-Mashhadi, vminds.ai is an intelligent, self-learning platform that integrates more than 150 AI tools from global companies into a unified system. The startup aims to simplify AI adoption by businesses and individuals in the region.

Khazna closes $16m pre-series B round

Egyptian fintech Khazna has secured a $16 million pre-series B funding round, with participation from new and existing investors, including SANAD Fund for MSME, anb Seed Fund, and Aljazira Capital, as well as Khwarizmi Ventures, Nclude, ICU Ventures, and Quona, Speedinvest, and Disruptech Ventures.

Launched in 2020 by Omar Saleh, Ahmed Wagueeh, and Fatimah El-Shenawy, Khazna focuses on serving Egypt’s underbanked population by providing access to financial services such as general-purpose credit, buy now, pay later, and bill payments.

The company plans to use the fresh funding to apply for a digital banking license in Egypt and expand into the Saudi market.

Simplex secures $13m to build CNC factory in Riyadh

Founded in 2013 by Ahmed Shaaban, Mohamed Mansour, and Amr Mahmoud, Simplex provides industrial manufacturing solutions across various sectors. Supplied

Egypt-based CNC machine manufacturer Simplex has raised $13 million in funding, led by Saudi Arabia’s National Industrial Development Center.

The investment will be used to establish a factory in Riyadh dedicated to producing advanced CNC machines.

Founded in 2013 by Ahmed Shaaban, Mohamed Mansour, and Amr Mahmoud, Simplex provides industrial manufacturing solutions across various sectors.

The company’s expansion into Saudi Arabia aligns with the Kingdom’s efforts to localize industrial production.

Myne raises $2m pre-seed round

Founded in 2024 by Karim Chouman, Myne (R) is a wealth management platform offering asset tracking, real-time market integration, budgeting tools, and digital estate planning. Supplied

UAE-based fintech startup Myne has secured a $2 million pre-seed funding round led by Scene Holding, with participation from Raz Holding, Plus VC, Annex Investments, and angel investors.

Founded in 2024 by Karim Chouman, Myne is a wealth management platform offering asset tracking, real-time market integration, budgeting tools, and digital estate planning.

The funding will be used to scale operations, enhance the platform’s technology infrastructure, accelerate user acquisition, and expand regionally.

Qeen.ai secures $10m seed round

qeen.ai Founders Morteza Ibrahimi, Ahmad Khwileh, and Dina Alsamhan. Supplied

UAE-based AI startup qeen.ai has closed a $10 million seed funding round, marking one of the largest early-stage investments in the MENA region.

The round was led by Prosus Ventures, with participation from Wamda Capital, 10x Founders, and Dara Holdings.

Founded in 2023 by Dina Al-Samhan, Ahmad Khwileh, and Morteza Ibrahimi, qeen.ai offers AI-driven solutions for e-commerce businesses.

The funding will support the expansion of its agentic AI platform, team growth, and customer acquisition.

With this investment, qeen.ai has raised a total of $12.2 million, following a $2.2 million pre-seed round in June.

VISARUN.AI raises $700k in pre-seed funding

UAE-based visa-as-a-service platform VISARUN.AI has secured $700,000 in pre-seed funding from undisclosed angel investors.

The company plans to use the funds to enhance platform development, expand its sales team, and extend its footprint in the UAE, Saudi Arabia, Qatar, India, and China.

Founded in 2024 by Vladimir Indjikian and Alena Iakina, VISARUN.AI streamlines visa processing by reducing manual labor by up to 70 percent.

The platform aims to simplify and expedite visa applications for businesses and individuals.

Rasmal Ventures secures backing from QIA

Qatar-based venture capital firm Rasmal Ventures LLC has received funding from the Qatar Investment Authority under its $1 billion Fund of Funds program.

The investment will support Rasmal Ventures’ inaugural fund, Rasmal Innovation Fund I LLC, which focuses on high-growth startups across fintech, B2B Software-as-a-Service, health tech, and AI.

The fund, which launched in June with an initial $30 million from institutional investors and family offices, is targeting a $100 million close.

Rasmal Innovation Fund I is the first VC fund to join QIA’s initiative to boost Qatar’s startup ecosystem.

Beltone Venture Capital invests in Morocco’s LNKO

Ali Mokhtar, CEO of Beltone Venture Capital. Supplied

Egypt-based Beltone Venture Capital, the investment arm of Beltone Holding, has invested an undisclosed amount in Moroccan eyewear startup LNKO.

Founded in 2020 by Maha Bennani, LNKO operates a direct-to-consumer model, offering sunglasses and optical frames.

The company claims to have served over 100,000 customers. The investment will support LNKO’s expansion across Africa. In 2021, the startup raised $335,000 from CDG Invest.

Foundation Ventures announces first close of $25m fund

Founded in 2018 by Mazen Nadim, Omar Barakat, and Ziyad Hamdy, Foundation Ventures focuses on early-stage and growth-stage startups. Supplied

Egypt-based venture capital firm Foundation Ventures has reached the first close of its $25 million fund, FVFII.

The fund is backed by the Egyptian American Enterprise Fund, the Micro, Small, and Medium Enterprise Development Agency, and Onsi Sawiris.

Founded in 2018 by Mazen Nadim, Omar Barakat, and Ziyad Hamdy, Foundation Ventures focuses on early-stage and growth-stage startups.

The new fund aims to support Egyptian startups from their initial development to regional and global expansion, with a portion allocated for investment in African early-stage businesses.

EasyBank secures $370k for expansion

Tunisia-based fintech EasyBank has raised $370,000 from undisclosed investors. The company plans to use the funds to expand operations across the Middle East, North Africa, and France.

Founded in 2023 by Mohamed Khelifi, EasyBank provides digital banking solutions, including access to loans and other financial services.

The startup aims to bridge financial inclusion gaps across emerging markets.

Topics: Start-up of the Week Investment Saudi

Global oil demand rose 1.5% in 2024 despite production dip: OPEC report

Updated 02 July 2025

Arab News

July 02, 2025 19:15

Global oil demand rose 1.5% in 2024 despite production dip: OPEC report

Updated 02 July 2025

Arab News

July 02, 2025 19:15

RIYADH: Global oil demand climbed by 1.49 million barrels per day, or 1.5 percent, year on year in 2024 to reach an average of 103.84 million bpd, according to newly released data from the Organization of the Petroleum Exporting Countries.

Demand rose across nearly all regions, with the strongest gains recorded in non-OECD Asia, particularly China and India, followed by the Middle East, Africa, Latin America and OECD Europe. Within OPEC member countries, oil demand rose by 0.12 million bpd, or 1.3 percent, year on year.

However, total world crude oil production declined for the first time since 2020, falling by 0.77 million bpd, or 1 percent, to average 72.58 million bpd in 2024. OPEC attributed the drop to lower output from both its members and non-OPEC producers participating in the Declaration of Cooperation.

OPEC nations cut production by 0.57 million bpd, or 2.1 percent, while non-OPEC DoC participants saw a steeper decline of 0.78 million bpd, or 5.2 percent. In contrast, crude production from countries not involved in the DoC rose by 0.58 million bpd, or 1.8 percent.

Refining capacity

Global refining capacity increased by 1.04 million bpd in 2024 to reach 103.80 million bpd. Most of this expansion came from the non-OECD region, notably China, India, and the Middle East.

For the first time since 2019, members of the Organisation for Economic Co-operation and Development also saw a modest increase in refining capacity—up by 0.16 million bpd—driven by additions in the Americas, although partially offset by closures in Europe and Asia Pacific.

Refinery throughput also saw a modest rise, growing by 0.52 million bpd, or 0.6 percent, to 85.97 million bpd. This was largely due to increased run rates in OECD Americas and non-OECD regions, including the Middle East, Africa, India, and Other Asia.

Exports down, product shipments up

OPEC’s crude oil exports declined by 0.70 million bpd, or 3.5 percent, in 2024 to average 19.01 million bpd. Asia continued to be the primary destination for OPEC crude, receiving 13.67 million bpd, or 71.9 percent of total exports.

In contrast, exports of petroleum products from OPEC members rose by 0.29 million bpd, or 6.1 percent, reaching an average of 5.07 million bpd during the year.

Global proven crude oil reserves stood at 1,567 billion barrels at the end of 2024, marking a slight increase of 2 billion barrels, or 0.1 percent, from the previous year. Proven reserves in OPEC members remained unchanged at 1,241 billion barrels.

Topics: OPEC

Gulf bourses end mixed on US tariff uncertainty

Updated 02 July 2025

Reuters

July 02, 2025 17:18

Gulf bourses end mixed on US tariff uncertainty

Saudi Arabia’s benchmark index edged 0.1% higher
Dubai’s main share index dropped 0.4%

Updated 02 July 2025

Reuters

July 02, 2025 17:18

LONDON: Stock markets in the Gulf ended mixed on Wednesday as investors monitored global trade developments ahead of the US’ potential re-imposition of sweeping tariffs on July 9.

President Donald Trump said on Tuesday he was not thinking of extending the July 9 deadline for countries to negotiate trade deals with the US, and continued to express doubt that an agreement could be reached with Japan.

Saudi Arabia’s benchmark index edged 0.1 percent higher, after two consecutive sessions of losses, helped by 1.7 percent rise in Saudi Arabian Mining Company.

The cautious mood dominating the region contributed to mixed sector performances, said Joseph Dahrieh, managing principal at Tickmill.

“Investors are awaiting further developments to gain more clarity, while low oil prices continue to pose a risk, despite a positive economic outlook,” he said.

Among gainers, oil giant Saudi Aramco rose 0.8 percent.

Oil futures edged up as Iran suspended cooperation with the UN nuclear watchdog and markets weighed expectations of more supply from major producers next month, while the US dollar softened further.

Dubai’s main share index dropped 0.4 percent, hit by a 1.3 percent fall in toll operator Salik Company.

Separately, Dubai commuters may soon have a new way to beat traffic, as Joby Aviation successfully completed the first test flight of its fully-electric air taxi in the emirate this week — a significant step toward the city’s goal of integrating airborne transport into its mobility network as early as next year.

In Abu Dhabi, the index eased 0.1 percent, while the Qatari index closed flat.

A report on Tuesday suggested that the US labor market stayed resilient in May, sharpening the focus on US nonfarm payrolls figures due on Thursday as investors try to gauge when the Federal Reserve is likely to cut interest rates next.

Fed Chair Jerome Powell on Tuesday reiterated the US central bank’s plans to “wait and learn more” before lowering rates.

Outside the Gulf, Egypt’s blue-chip index added 0.4 percent, with Talaat Moustafa Holding rising 0.9 percent.

Topics: Gulf Stock Markets

Closing Bell: Saudi main index inches up to close at 11,129

Updated 02 July 2025

Nadin Hassan

July 02, 2025 17:16

Closing Bell: Saudi main index inches up to close at 11,129

MSCI Tadawul 30 Index gained 0.24% to finish at 1,423.94
Parallel market Nomu increased 0.48% to settle at 27,375.84

Updated 02 July 2025

Nadin Hassan

July 02, 2025 17:16

RIYADH: Saudi Arabia’s Tadawul All Share Index gained 8.04 points, or 0.07, to close at 11,129.64 on Wednesday.

Total trading turnover reached SR5.41 billion ($1.44 billion), with 103 stocks posting gains and 140 declining.

The Kingdom’s parallel market, Nomu, also recorded an increase, gaining 130.72 points, or 0.48 percent, to settle at 27,375.84, as 32 stocks advanced and 41 retreated.

The MSCI Tadawul 30 Index also gained 3.34 points, or 0.24 percent, to finish at 1,423.94.

BAAN Holding Group Co. was the best-performing stock of the session, with its share price rising 9.73 percent to SR2.48. Saudi Industrial Export Co. followed with a 7.66 percent increase to SR2.39.

Other gainers included Almunajem Foods Co., which rose to a fresh year high on Wednesday, closing at SR77 with a 5.77 percent increase.

On the losing side, Buruj Cooperative Insurance Co. saw the steepest decline, falling 3.24 percent to SR17.92. Saudi Industrial Development Co. dropped 3.07 percent to SR30.9, and National Shipping Co. of Saudi Arabia declined 3.06 percent to SR23.75.

On the announcements front, Saudi Arabian Mining Co., also known as Ma’aden, finalized its acquisition of all shares owned by AWA Saudi and Alcoa Saudi in two of its major subsidiaries, according to a statement on the Saudi Stock Exchange.

The move follows the approval by Ma’aden’s extraordinary general assembly on June 25 to increase the company’s capital through a share issuance as consideration for acquiring the remaining stakes in Ma’aden Bauxite and Alumina Co. and Ma’aden Aluminium Co.

According to Ma’aden, the acquisition was made effective, and share allocation procedures were completed on July 1. The newly issued shares were deposited in favor of AWA Saudi and Alcoa Saudi, with the holdings officially listed on the same day.

The acquisition involved Ma’aden purchasing AWA Saudi’s entire stake in Ma’aden Bauxite and Alumina Co., totaling 128,010,000 ordinary shares — equivalent to 25.1 percent of the company’s issued capital.

It also included Alcoa Saudi’s full shareholding in Ma’aden Aluminium Co., amounting to 165,001,125 ordinary shares, or 25.1 percent of the company’s issued capital.

To execute the transaction, Ma’aden increased its capital from SR38.03 billion to SR38.89 billion — a 2.26 percent rise. As a result, the total number of its ordinary shares grew from 3.80 billion to 3.89 billion.

Under the new share distribution, Alcoa Saudi received 67,612,162 new ordinary shares, representing 1.74 percent of Ma’aden’s post-acquisition capital, while AWA Saudi received 18,365,385, or 0.47 percent of the capital.

Additionally, Ma’aden paid AWA Saudi SR562.5 million in cash as part of the transaction. The company emphasized that the acquisition does not involve any related parties.

The financial implications of the deal will be reflected in Ma’aden’s consolidated financial statements for the fiscal year ending June 30.

Ma’aden’s share price closed 1.72 percent higher to reach SR53.25.

Saudi National Bank announced its plan to redeem its SR2 billion tier-1 capital sukuk in full on July 15, marking the 10th anniversary of the instrument’s issuance.

The sukuk, which was launched on July 15, 2015, will be redeemed at face value — 100 percent of the issue price — in accordance with the terms and conditions set at issuance, the bank stated in a press release published on Tadawul.

The move follows Saudi National Bank’s securing of the necessary regulatory approval to proceed with the redemption. The full principal amount, along with any accrued but unpaid periodic distributions, will be paid to sukuk holders on the redemption date.

The SR2 billion sukuk issuance comprised 2,000 certificates, each with a face value of SR1 million. It represented 100 percent of the issued sukuk under this offering. Following the redemption, the total value of the sukuk issuance will be reduced to zero.

This redemption reflects the bank’s capital management strategy and its ongoing commitment to optimizing its financial structure.

The bank’s share price closed 0.34 percent higher on Wednesday’s session to SR35.84.

Topics: TASI NOMU

International visitor spending in Saudi Arabia hits $13bn in Q1

Updated 02 July 2025

Dayan Abou Tine

July 02, 2025 16:28

International visitor spending in Saudi Arabia hits $13bn in Q1

Rise pushed Kingdom’s travel account surplus to SR26.78 billion
Saudi Arabia welcomed 115.9 million tourists in 2024

Updated 02 July 2025

Dayan Abou Tine

July 02, 2025 16:28

RIYADH: International tourists spent SR49.37 billion ($13.16 billion) in Saudi Arabia during the first quarter of 2025, a 10 percent increase compared to the same period last year, recent data showed.

According to figures released by the Saudi Central Bank, also known as SAMA, the rise pushed the Kingdom’s travel account surplus to SR26.78 billion, up 11.7 percent year on year, underlining the sector’s growing contribution to the country’s non-oil economy.

This comes as Saudi Arabia accelerates its Vision 2030 push to position tourism as a pillar of economic diversification, raising its target to 150 million annual visitors by 2030 after surpassing the 100 million mark ahead of schedule.

In 2024, the sector hit a milestone, with international tourism revenue soaring 148 percent from 2019 — the fastest growth among G20 nations.

Domestic trips almost doubled, according to the annual report figures, rising from 47.8 million to 86.2 million. Shuttertsock

Saudi Tourism Minister Ahmed Al-Khateeb, commenting on the sector’s performance following the release of the Ministry of Tourism’s 2024 Annual Statistical Report in June, said the document “showcases the sector’s remarkable growth and its role in enabling Saudi Vision 2030, a record performance achieved with the support and guidance of the Kingdom’s visionary leadership.”

The report said that Saudi Arabia welcomed 115.9 million tourists in 2024 — 29.7 million inbound and 86.2 million domestic trips — easily surpassing the Vision 2030 milestone of 100 million visits, five years ahead of schedule.

Total visitor spending reached SR283.8 billion, of which SR168.5 billion came from international travelers and SR115.3 billion from domestic tourists.

Since Vision 2030’s launch, Saudi tourism has expanded at breakneck speed. Inbound arrivals have climbed from 17.5 million in 2019 to 29.7 million in 2024, a 70 percent jump, while their spending ballooned by 63 percent, from SR103.4 billion to SR168.5 billion over the same period.

Domestic trips almost doubled, according to the annual report figures, rising from 47.8 million to 86.2 million over the same period.

The sector’s success is underpinned by multibillion-riyal investments in destination infrastructure. The first island resorts of the Red Sea Project will open later this year, while construction races ahead at NEOM’s Trojena mountain resort and Riyadh’s heritage-rich Diriyah Gate.

The Saudi Central Bank, also known as SAMA. Wikipedia

Developers are lining up more than 320,000 hotel rooms, and Red Sea International Airport is expected to start commercial flights in 2025, sharpening long-haul connectivity for high-end travelers.

Global recognition has followed, with UN Tourism data, cited in the Annual Statistical Report, showing Saudi Arabia ranked first among G20 nations for growth in international tourist numbers in 2024 and second globally compared to pre-pandemic levels.

Speaking in April 2024, Ahmad Arab, founder of tourism and hospitality firm DRB Arabia and former deputy minister at the Ministry of Tourism, told GLG Insights the industry is on track to create 1 million related jobs by 2030, solidifying its place as a cornerstone of the Kingdom’s diversifying non-oil economy.

A notable trend, according to the Ministry of Tourism’s annual report, is the shift toward leisure travel. Non-religious visits accounted for 59 percent of inbound arrivals in 2024, up from 44 percent in 2019, as streamlined e-visas, entertainment seasons, and high-profile sporting events broadened the Kingdom’s appeal.

Egypt remained the top source market with 3.2 million visitors, followed by Pakistan with 2.8 million and Bahrain with 2.6 million. Makkah Al-Mukarramah led all destinations with 17.4 million overnight foreign visitors, while Riyadh and Jeddah also attracted millions.

Domestic tourism is expanding in parallel: trips rose 5 percent to 86.2 million in 2024, fueling record domestic outlays of SR115.3 billion. Leisure remained the top purpose, helped by school-holiday campaigns and new regional festivals.

With first-quarter spending at an all-time high and visitor volumes already outpacing long-term targets, Riyadh’s next challenge is to sustain capacity growth while maintaining service quality.

Topics: tourism saudi tourism

Saudi Arabia, Morocco set to boost economic ties with focus on trade, sustainable development

Updated 02 July 2025

MOHAMMED AL-KINANI

July 02, 2025 15:33

Saudi Arabia, Morocco set to boost economic ties with focus on trade, sustainable development

Saudi delegation held several meetings with ministers to discuss strategic trade and investment issues
Morocco ranks as the Kingdom’s 57th largest trading partner in terms of exports

Updated 02 July 2025

MOHAMMED AL-KINANI

July 02, 2025 15:33

JEDDAH: Saudi Arabia and Morocco are set to enhance economic ties by expanding trade and cooperation in agriculture, renewable energy, and sustainable development following a Saudi business delegation’s visit to Rabat.

As part of a business trip that began on June 29 to Mauritania and Morocco, a delegation from the Saudi Federation of Commerce, led by chairman Hassan Moejeb Al-Huwaizi and joined by 30 top investors and company officials, visited Rabat to explore investment opportunities and enhance cooperation between the public and private sectors.

The delegation held several meetings with ministers to discuss strategic trade and investment issues, according to the Saudi Press Agency.

The visit aligns with the SFC’s strategy to enhance economic cooperation and facilitate investment, reflecting the shared vision for the future between the Kingdom and Morocco. Their trade volume reached SR5 billion ($1.33 billion) in 2024, with exports from Saudi Arabia totaling SR4.3 billion and imports amounting to SR640 million.

According to the SFC, Morocco ranks as the Kingdom’s 57th largest trading partner in terms of exports and 51st in terms of imports. Saudi Arabia’s main exports to Morocco include cars and vehicles, insulated wires, chemical fertilizers, and women’s clothing. The primary imports from Morocco comprise refined petroleum, cars and vehicles, vehicle accessories, and wheat.

“The delegation began its meetings with the Minister of Industry and Trade, Ryad Mezzour, to discuss ways to enhance commercial cooperation and expand the volume of trade exchanges between the two countries,” SPA reported.

It added that the delegation also met with Minister of Agriculture, Maritime Fisheries, Rural Development, Water, and Forests Ahmed El-Bouari, who highlighted the significant potential in the agricultural and maritime sectors, opening new horizons for cooperation in production and export.

The meetings included a session with Karim Zaidan, the delegate-minister to the head of government in charge of investment, convergence, and the evaluation of public policies, during which investment opportunities and joint projects contributing to sustainable development were discussed, as per SPA.

The report said that the Saudi delegation also met with Minister of Energy Transition and Sustainable Development Leila Benali to explore cooperation in renewable energy, with a focus on exchanging experiences and expertise in this vital sector.

Morocco’s economy is demonstrating continued resilience and diversification, with the country’s foreign trade volume reaching $120 billion in 2024, according to data from the FSC.

The nation’s gross domestic product for the same year is estimated at $155 billion, underscoring sustained activity across key sectors. The country holds a BB+ credit rating and ranks 60th globally in terms of economic performance.

The services sector remains the backbone of the Moroccan economy, accounting for 54.2 percent of the nation’s GDP. It is followed by industry at 24.5 percent and agriculture at 11.06 percent, reflecting a balanced contribution from both modern and traditional economic drivers.

In terms of trade composition, Morocco’s top imported goods include fruits, textiles, and transport equipment. Meanwhile, the country’s main exports comprise chemical products, industrial goods, as well as leather and rubber.

Topics: Saudi Arabia Morocco Saudi Federation of Commerce

Startup Wrap — Saudi firms continue to raise funding ahead of LEAP25

Startup Wrap — Saudi firms continue to raise funding ahead of LEAP25

Social Development Bank, Jahez Group back startups with SR10m fund

Startup of the Week – Egypt’s Qara targets Saudi Arabia following $2.6m funding round

Global oil demand rose 1.5% in 2024 despite production dip: OPEC report

Global oil demand rose 1.5% in 2024 despite production dip: OPEC report

Gulf bourses end mixed on US tariff uncertainty

Gulf bourses end mixed on US tariff uncertainty

Most Gulf markets retreat ahead of vote on Trump’s tax bill

Closing Bell: Saudi main index inches up to close at 11,129

Closing Bell: Saudi main index inches up to close at 11,129

Closing Bell: Saudi main index inches up to close at 11,129

Closing Bell: TASI declines 0.38% to close at 11,121

Closing Bell: Saudi TASI closes lower at 11,163 amid mixed performance

International visitor spending in Saudi Arabia hits $13bn in Q1

International visitor spending in Saudi Arabia hits $13bn in Q1

FIFA World Cup 2034 a ‘game changer’ for Saudi tourism, experts say

Saudi tourism license applications up 390% after World Cup announcement: vice minister

Saudi Arabia, Morocco set to boost economic ties with focus on trade, sustainable development

Saudi Arabia, Morocco set to boost economic ties with focus on trade, sustainable development

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Startup Wrap — Saudi firms continue to raise funding ahead of LEAP25

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