Saudi Arabia is preparing for a significant presence at the BIO International Convention 2025, scheduled for June 16-19 at the Boston Convention and Exhibition Center. The Kingdom will host a national pavilion, lead spotlight sessions, and convene a high-level super session featuring influential leaders in the biotech sector. This initiative reflects Saudi Arabia’s commitment to...
Aspen Pharmacare Holdings Limited, a multinational pharmaceutical company specializing in branded and specialty medicines, has launched a new regional headquarters in Riyadh, Saudi Arabia. This expansion is part of a broader strategy to enhance its presence in the Middle East, following a series of investments in key therapeutic areas aimed at meeting market demands. The...
WeRide (Nasdaq: WRD), a global leader in autonomous driving technology, has announced its expansion into Saudi Arabia. This move is part of the company’s strategy for global growth, as it launches testing and deployment of its Robotaxis and other autonomous driving products in cities like Riyadh and AlUla. This initiative sets the foundation for a...
Saudi Arabia and Kuwait have revealed a notable oil discovery in the neutral zone between the two countries. The North Wafra Wara-Burgan field is reported to have an output exceeding 500 barrels per day. This discovery is being described as “highly significant” by both nations, highlighting its potential impact on their energy sectors. The announcement...
Saudi Arabia has successfully attracted 25 international startups that specialize in research, development, and innovation (RDI). This initiative is part of the Global Startup Attraction Program, which is a collaborative effort between the Ministry of Investment and the Research, Development, and Innovation Authority. The selected companies come from strategic sectors that include future health, energy...
D360 Bank, a Shariah-compliant digital bank based in Saudi Arabia, has announced that it has welcomed over one million customers within just four months of its official launch. This achievement sets a new global standard for digital banking adoption, demonstrating the increasing demand for efficient and secure digital financial solutions in the region. Since its...
Saudi Arabia has been recognized as the fastest-growing startup ecosystem in the world, according to the Global Startup Ecosystem Index 2025 released by StartupBlink. The country achieved an impressive growth rate exceeding 200%, making it the only nation in the global top 100 to reach such a milestone. This achievement has also earned Saudi Arabia...
In a significant policy shift aimed at transforming its tourism sector, Saudi Arabia will permit alcohol consumption in 600 designated tourist zones by 2026. This decision, confirmed by regional tourism authorities and reported by hospitality insiders, is part of the Kingdom’s Vision 2030 initiative, which seeks to enhance its appeal as an international travel destination....
Dubai’s stock index has reached new 17-year highs this week, driven by rising first-quarter earnings and a strong non-oil economy that has attracted investors to UAE stocks over the larger Saudi market. The Dubai Financial Market General Index has seen a notable increase, highlighting the growing investor confidence in the region. In contrast, Gulf markets,...
Saudi Arabia has officially launched TOURISE, a new initiative aimed at transforming the global tourism industry through innovation, sustainability, and investment. This visionary platform is designed to be a continuous engine for collaboration between public and private sectors, with the goal of creating resilient travel ecosystems worldwide. TOURISE aims to serve as a global hub...