Saudi Arabia's Ministry of Finance has announced the commencement of the Financial Control Law, issued by the Council of Ministers under Resolution No. (M/122), on December 1, 2025.
Saudi Arabia's Ministry of Finance has announced the commencement of the Financial Control Law, issued by the Council of Ministers under Resolution No. (M/122), on December 1, 2025.
The average hotel room occupancy rate in Saudi Arabia stood at 57.3% in the fourth quarter of 2025, marking an increase of 1.3 percentage points compared to 56% during the same period in 2024.
Saudi Arabia awarded over SR15.6 billion ($4.2 billion) in contracts in March, up about 458 percent from February, marking the sector's strongest activity this year.
For more than a decade, the telecommunications industry has been defined by a single metric: speed. In Saudi Arabia’s rapid digital transformation, speed served as the initial catalyst - connecting cities, enabling services, and laying the foundation for a modern, connected economy.
flyadeal, Saudi Arabia’s low-cost airline, is launching scheduled flights between Jeddah and Dubai, and reinstating services between the Saudi capital and Dubai, effective 15 April 2026.
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.
