Neo Space Group (NSG), a PIF company and Saudi Arabia’s leading commercial space services provider, has launched one of the region’s advanced in-flight connectivity (IFC) services in partnership with Saudia, the Kingdom’s national flag carrier.
Saudi Arabia reported strong domestic tourism growth in Q1 2026, with 28.9 million tourists, up 16% year-on-year, and spending reaching SAR34.7 billion ($9 billion), an 8% increase, highlighting sustained demand supporting the tourism sector.
Attacks on Saudi energy facilities have cut the kingdom's oil production capacity by around 600,000 barrels per day and throughput on its East-West Pipeline by about 700,000 bpd, Saudi Press Agency reported, citing an official source at the Ministry of Energy.
Careem Pay, the digital payments platform within the Careem app, expands its remittance service to include Türkiye and Saudi Arabia, enabling residents of the United Arab Emirates to transfer money directly to bank accounts in both countries at competitive rates.
Elsewedy Electric Power Systems Projects said it is implementing a portfolio of six high voltage power substations across various the kingdom in collaboration with Saudi Electricity Company and National Grid Company. These projects have a voltage levels ranging between 110 and 115 kilovolts.
Saudi Arabia's banking sector saw a slowing of credit growth in February to +0.5% month-on-month (+9.6% y-o-y), vs 0.7% m-o-m in January 2026 and average 0.9% m-o-m in 2025.
Saudi Arabia's Ministry of Municipalities and Housing (MOMAH) and the National Center for Privatization & PPP (NCP), have announced the launch of the Expression of Interest (EOI) for the Municipal Food Safety Labs Operation Project under a PPP framework (equip-operate-maintain-transfer).
Saudi Arabia’s real gross domestic product (GDP) grew by 4.5% in 2025 compared with 2024, driven by growth across all economic activities, with oil activities rising 5.7%. The total GDP at current prices reached SAR4,789 billion ($1275.70 billion) in the year.
A military projectile fell on a residential area in Al-Kharj Governorate, resulting in two fatalities and the injury of 12 residents, said a Saudi Arabia's Defence ministry spokesperson.
Saudi Arabia has told Tehran that continued Iranian attacks on the kingdom and its energy sector could push Riyadh to respond in kind, Reuters said quoting people familiar with the matter.
