SAUDI ARABIA – CEO Weekly

May 2, 2025

Ripple Secures Regulatory License in Dubai, Marking Major Milestone for Crypto Payments in the Middle East

In a bold step that signals the accelerating integration of blockchain technology into mainstream finance, Ripple has officially secured a full regulatory license to operate within the Dubai International Financial Centre (DIFC). This development not only solidifies Dubai’s status as a global fintech hub but also marks a significant milestone for Ripple as it continues […]

by CEO Editorial Team

May 1, 2025

BNY Mellon Establishes Regional Headquarters in Saudi Arabia: A Strategic Move into the Middle East

In a significant expansion of its global operations, Bank of New York Mellon (BNY Mellon) has secured a license to establish a regional headquarters (RHQ) in Riyadh, Saudi Arabia. This strategic move aligns with Saudi Arabia’s Vision 2030 initiative, aiming to diversify the nation’s economy and position it as a leading financial hub in the […]

by CEO Editorial Team

April 30, 2025

Saudi Arabia’s Public Investment Fund Signs $51 Billion MoUs with Japanese Financial Institutions

In a significant move to bolster international financial collaboration, Saudi Arabia’s Public Investment Fund (PIF) has signed five memorandums of understanding (MoUs) valued at up to $51 billion with leading Japanese financial institutions. The agreements, announced during the Future Investment Initiative (FII) conference in Riyadh, aim to enhance bilateral capital flows and support Saudi Arabia’s […]

by CEO Editorial Team

April 16, 2025

Abu Dhabi’s CYVN and Bahrain’s Mumtalakat Finalize Landmark Acquisition of McLaren Automotive and Stake in Racing

Abu Dhabi, UAE & Manama, Bahrain – In a move poised to reshape the future of the iconic British luxury automotive and motorsport brand, Abu Dhabi-based advanced mobility investment firm CYVN Holdings LLC and Bahrain Mumtalakat Holding Company BSC(c) (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, have officially announced the successful completion […]

by CEO Editorial Team

March 21, 2025

Riyadh vs. Dubai: Gulf Giants Clash in Battle for Regional Business Supremacy

A high-stakes economic rivalry is intensifying across the Arabian Peninsula, as Saudi Arabia and the United Arab Emirates (UAE) engage in a fierce competition to establish themselves as the undisputed business hub of the Middle East. For decades, the glittering skyline of Dubai has symbolized the region’s commercial prowess, attracting multinational corporations with its liberal […]

by Prerna

October 7, 2023

Saudi Arabia’s Tourism Sector Achieves Remarkable Milestone: Balance of Payments Surpasses $10 Billion in H1

Saudi Arabia’s flourishing tourism industry has reached a remarkable milestone, with the country’s balance of payments for tourism surging to an impressive $10.67 billion in the first half of 2023, reflecting a staggering 327 percent increase compared to the same period in the previous year. This extraordinary growth is a testament to Saudi Arabia’s commitment […]

by Swati Gupta

October 2, 2023

Saudi Arabia Boosts Coffee Production to Diversify Its Economy

Saudi Arabia is taking significant steps to diversify its economy away from its traditional dependence on oil. In an effort to achieve a more balanced economy with crops that offer higher economic returns, the country has set an ambitious target of planting 1.2 million coffee trees by 2026, as reported by the Saudi Press Agency. […]

by Swati Gupta

October 1, 2023

Saudi Arabia Revises Budget Estimates for 2023 and Pre-Budget Statement for 2024

Saudi Arabia has adjusted its growth projections and is now anticipating a budget deficit for this year, instead of the earlier expected surplus, as indicated in a preliminary budget statement released by the Ministry of Finance. The largest economy in the Arab world expects the real gross domestic product (GDP) to expand by a modest […]

by Swati Gupta

September 29, 2023

Saudi Arabia Sees Unemployment Rate Drop to 4.9% in Q2, Driven by Vision 2030 Initiatives

Riyadh, September 28, 2023 – Saudi Arabia’s relentless pursuit of Vision 2030 goals has begun to yield promising results, with the nation’s overall unemployment rate declining to 4.9 percent in the second quarter of this year. This marks a significant reduction of 0.2 percentage points compared to the previous quarter, according to official data released […]

by Swati Gupta

September 26, 2023

Saudi Arabia Reaffirms Commitment to Nuclear Energy at International Conference

In a significant declaration of its dedication to nuclear energy, Saudi Arabia has pledged to adhere to a comprehensive international safeguards framework, firmly upholding the Kingdom’s principles of transparency, reliability, and safety. The announcement was made by Saudi Minister of Energy, Prince Abdulaziz bin Salman, during his address at the 67th General Conference of the […]

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