Saudi Arabia sailed to a victory over Uzbekistan on a final, decisive day of the Asia region's Round 2 qualifying matches to march on to Round 3 in hopes of qualifying for the World Cup in 2022.
Saudi Arabia's venture capital scene continues to grow at an impressive clip as new deals and investments into Saudi companies - or by Saudi venture firms - builds on early growth so far in 2021.
Saudi Arabia saw a significant increase in non-oil PMI in April 2021 as both business activity and new orders grew at a faster rate, Jadwa Investment's recently-released Chartbook for the month said.
Saudi-based ACWA Power has announced the start of construction on the 100MW Redstone solar thermal project in South Africa following financial close of the deal, according to reports.
Saudi Arabia saw a surge in total foreign investment into the Kingdom despite a global economic slowdown in 2020, official data from the Saudi central bank confirmed.
A recently-released report on the Saudi labor market, using figures from Q4 2020, showed a sizable drop in unemployment among Saudis from the previous quarter, according to Jadwa Investment, citing official government data.
The London-based Financial Times reports that Saudi Arabia and Iran have held direct talks in Iraq on easing tensions, with the process being facilitated by Iraqi prime minister Mustafa al-Kadhimi, who held talks with Prince Mohammed in Riyadh last month.
A new report in the London-based Asharq Alawsat revealed an under-consideration initiative within a larger national strategy new regulations enabling non-Saudis’ ownership of real estate in the Kingdom, a move that hopes to attract foreign capital and increase investments in the sector.
Unemployment among Saudi nationals fell to 12.6% in the fourth quarter, "moving closer to pre-pandemic levels as coronavirus cases in the kingdom declined and business picked up," Bloomberg reports, citing data from the General Authority for Statistics.
