UAE’s Presight Expands AI Push with New Startup Investments
Prime Highlights : ⦁ Presight unveils first investments under its AI Innovation Ecosystem. ⦁ Investments target early-stage AI startups across the US and UAE. Key Facts : ⦁ Presight is…
Saudi Art Gains Global Spotlight as Binzagr’s $2.1M Sale Sets Record
Prime Highlights- Saudi Arabia’s art scene is gaining global attention as local artists achieve record sales. Under Vision 2030, cultural projects are expected to contribute SR180 billion ($48 billion) to…
ACWA Power Raises Stake in Shuaibah Water and Electricity Co. to 62% With $224.8M Deal
Prime Highlights- ACWA Power acquired a 32% stake in Shuaibah Water and Electricity Co. from Badeel for SR843.3 million, raising its ownership to 62%. The deal strengthens ACWA Power’s position…
SVC Drives Saudi Arabia’s Venture Capital Boom, Backing 800+ Startups
Prime Highlights: Saudi Venture Capital Co. (SVC) has committed $1.2 billion since 2018, attracting $5.9 billion from partners, keeping Saudi Arabia as the top venture capital market in MENA. SVC…
Saudi Industrial Output Jumps 10.4% in January as Oil and Manufacturing Drive Growth
Prime Highlights: Saudi Arabia’s industrial production rose 10.4% year-on-year in January, supported by stronger mining and oil activity. The growth highlights continued momentum in the Kingdom’s industrial sector as it…
Dar Al Arkan Profit Surges 41% to $301M as Property Sales Drive Strong 2025 Growth
Prime Highlights: Dar Al Arkan Real Estate Development Co. reported a 41% rise in annual net profit to $301 million in 2025, supported by stronger property sales across its developments.…
SAL Expands into Europe with $30M Aviapartner Liege Acquisition
Prime Highlights: SAL Saudi Logistics Services acquires Aviapartner Liege for $30.3 million, marking its first operational presence in Europe. The move will help SAL grow its revenue, improve operations, and…
Saudi Non-Oil Sector Stays Strong Despite Regional Tensions, PMI Shows Steady Expansion
Prime Highlights: Saudi Arabia’s non-oil private sector remained in growth territory in February, supported by strong domestic demand and steady project approvals. Businesses expanded hiring and reported rising new orders,…
Fertilizer Gains Lift SABIC Agri-Nutrients Profit by Nearly 30% in 2025
Prime Highlights: SABIC Agri-Nutrients Co. reported a strong rise in profit, supported by higher fertilizer prices and better income from its associate and joint venture. The company also announced a…
Economic Review Highlights Saudi Arabia’s Financial Strength
Prime Highlights- Saudi Arabia’s economy remains stable, showing continued growth even amid global challenges. The Ministry of Economy and Planning report confirms that the Kingdom is maintaining financial resilience and…
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