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RIYADH: In the face of worldwide economic uncertainty, Saudi Arabia stands out for its robust diversification efforts driven by Vision 2030 strategies, resulting in a surge of business activities despite prevailing concerns over inflation and geopolitical tensions. The International Monetary Fund’s latest World Economic Outlook report forecasts a deceleration in global economic growth, dropping from … Read more

LuLu Hypermarket opened on Monday its 33rd Saudi outlet in the historic city of Hafar Al-Batin in the Eastern Province. The store is spread across one level of more than 120,000 square feet in Al-Othaim Mall and promises to be a shoppers’ delight, complete with all the popular LuLu shopping touch-points such as grocery, fresh … Read more

BEIJING: In another major step toward strengthening bilateral relations between Saudi Arabia and China, the Kingdom’s flag carrier Saudia launched its first direct flight between Jeddah and Beijing last week.     This move falls in line with Saudi Aviation Strategy, which recognizes the need to increase air connectivity with key markets such as China while accommodating increasing … Read more