黑料社区

黑料社区 signs 5 agreements with Vietnamese firms to expand investment footprint聽

黑料社区 signs 5 agreements with Vietnamese firms to expand investment footprint聽
The deals were signed in the presence of Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef. SPA
Short Url
Updated 9 min 23 sec ago

黑料社区 signs 5 agreements with Vietnamese firms to expand investment footprint聽

黑料社区 signs 5 agreements with Vietnamese firms to expand investment footprint聽

RIYADH: 黑料社区 has聽signed five agreements with Vietnamese firms spanning construction, tourism, and infrastructure, expanding its investment footprint in the Southeast Asian nation.聽

The deals also included advanced furniture manufacturing and workforce training, aimed at strengthening the Kingdom鈥檚 industrial sector and attracting foreign investment, the Saudi Press Agency reported.聽

They were signed in the presence of Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef during the Saudi-Vietnamese Business Forum in Hanoi, part of the minister鈥檚 official visit to deepen economic ties and attract quality investments in line with Vision 2030.

The forum was hosted at the Hanoi Chamber of Commerce and Industry and co-organized with the Federation of Saudi Chambers.聽

It aligns with 黑料社区鈥檚 National Industrial Development Program, launched in 2019, which aims to integrate strategic sectors and leverage local content alongside Fourth Industrial Revolution technologies to build a diversified, value-driven economy.聽

The development reflects the Kingdom鈥檚 growing focus on international partnerships, underpinned by its $1.92 billion investment in Vietnam across energy, industry, and technology sectors.聽

Alkhorayef emphasized the strong bilateral economic relations and the Saudi-Vietnamese Business Council鈥檚 role in boosting cooperation, particularly in industry and mining, according to a statement by the Ministry of Industry and Mineral Resources.聽

In a post on his X account, Alkhorayef said: 鈥淚 held bilateral meetings with several investors and leaders of Vietnamese companies to discuss the Kingdom鈥檚 competitive investment advantages, enabling mechanisms and incentives that facilitate foreign investment, and measures to streamline the investor journey.鈥澛

He added that the talks explored promising opportunities for industrial and mining cooperation between the two countries.聽

The minister emphasized the Kingdom鈥檚 keenness to attract quality foreign investments in industry and mining, outlining the most promising investment opportunities these sectors offer, as well as the enablers and incentives provided by the industrial and mineral resources system to facilitate the journey of international investors.聽

These include, he added, financing solutions offered by the Saudi Industrial Development Fund and the Saudi Export鈥揑mport Bank.聽

He also shed light on the Kingdom鈥檚 local content policies, which encourage industrial localization and give domestic manufacturers a competitive edge in government procurement, according to the press release.聽

Regarding mining, he highlighted its transformation into a key pillar of the national industry under Vision 2030, with the Comprehensive Mining and Mineral Industries Strategy and the National Geological Survey Program increasing 黑料社区鈥檚 estimated mineral wealth from $1.3 trillion to $2.5 trillion.聽

The event was attended by Saudi Ambassador to Vietnam Mohammed Dahlawi, CEO of the National Industrial Development Center Saleh Al-Sulami, Chairman of the Saudi-Vietnamese Business Council Ahmed Al-Theeb, and senior government and private-sector representatives from both countries.聽

The forum offered a platform to explore cooperation in advanced industries, research, innovation, and artificial intelligence.


Saudi asset management industry to surpass $400bn by 2026: Fitch Ratings聽

Saudi asset management industry to surpass $400bn by 2026: Fitch Ratings聽
Updated 19 sec ago

Saudi asset management industry to surpass $400bn by 2026: Fitch Ratings聽

Saudi asset management industry to surpass $400bn by 2026: Fitch Ratings聽

RIYADH: 黑料社区鈥檚 asset management industry is on track to surpass $400 billion by 2026, cementing the Kingdom鈥檚 position as the largest in the Gulf Cooperation Council, according to a new report. 

Fitch Ratings said Islamic funds are expected to remain dominant, though the industry remains exposed to oil price sensitivity, as well as local, regional, and global market volatility and geopolitical risks. 

Despite market turbulence 鈥 with Tadawul鈥檚 equity market capitalization down around 13 percent year on year by the end of August 鈥 the sector continues to be supported by strong fundamentals. 

The growth reflects a broader regional trend, with total GCC assets rising 9 percent to $2.2 trillion by the end of 2024, according to a report released last month by Boston Consulting Group. 

Bashar Al-Natoor, global head of Islamic Finance at Fitch Ratings, said: 鈥満诹仙缜檚 AMI is on a steady growth path, supported by ongoing reforms and deeper local capital markets.鈥 

He added: 鈥淪hariah-compliant funds remain the majority, with product breadth widening across areas such as new IPOs, sukuk and bonds, ETFs and private credit.鈥 

Al-Natoor also noted that new initiatives, including voluntary pension and savings schemes, should enhance access and liquidity. 

鈥淎lthough market volatility and oil-price sensitivity pose near-term risks, foreign participation is rising, and Saudi sukuk largely carry investment-grade ratings, supporting resilience.鈥 

Investor confidence is rising, with the Public Investment Fund forming strategic partnerships with global asset managers, including BlackRock and Franklin Templeton, representing roughly $12 billion in potential inflows. 

Fitch noted that international and regional institutions accounted for about 15 percent of industry revenue in the first half of 2024, while Saudi bank-affiliated managers retained 63.5 percent. 

鈥淭he industry AUM grew 21 percent yoy at end-1H25 to $306.1 billion with roughly half in private funds, followed by discretionary portfolio management, and public funds,鈥 the report added. 

While Saudi bank-affiliated managers still control the majority of revenue, Fitch said the government鈥檚 strategic vision aims to grow the industry鈥檚 AUM from 23 percent of the gross domestic product in the first half of 2025 to 40 percent by 2030, signaling a profound deepening of the Kingdom鈥檚 capital markets.

This projected growth is the latest milestone in a decade-long expansion. The Kingdom鈥檚 asset management industry grew 12 percent annually from 2015 to 2024, with total assets reaching nearly $295 billion by the first quarter of 2025, according to S&P Global. 

This sustained upward trajectory, supported by robust growth in local capital markets, has been actively fostered by regulators working to boost the sector鈥檚 appeal. 


Middle Eastern airlines see 8.4% passenger growth in August: IATA聽

Middle Eastern airlines see 8.4% passenger growth in August: IATA聽
Updated 01 October 2025

Middle Eastern airlines see 8.4% passenger growth in August: IATA聽

Middle Eastern airlines see 8.4% passenger growth in August: IATA聽

JEDDAH: Middle Eastern airlines recorded the second-highest passenger traffic growth globally in August, rising 8.4 percent year on year, underscoring the sector鈥檚 resilience despite geopolitical tensions, the International Air Transport Association said. 

According to IATA鈥檚 latest Air Passenger Monthly Analysis, global traffic measured in revenue passenger kilometers, or RPK, rose 4.6 percent year on year in August, slightly above July鈥檚 4.1 percent, bringing total RPK to 896 billion. 

The growth in Middle Eastern airlines reflects broader regional efforts to bolster aviation as a key pillar of economic diversification, particularly in countries such as 黑料社区 and the UAE. 

IATA noted that the August performance closely matched its forecast of 8.7 percent growth presented at the association鈥檚 81st Annual General Meeting in New Delhi, where airlines in the Middle East were also projected to generate a net profit of $6.2 billion in 2025, slightly up from $6.1 billion in 2024. Revenue per passenger was expected at $27.20. 

鈥淢iddle Eastern airlines saw international traffic rise by 8.2 percent YoY in August. Capacity grew 6.9 percent YoY and PLF edged up one percentage point to 83.9 percent,鈥 the IATA report said. 

It added: 鈥淎frican airlines recorded the highest YoY growth in passenger traffic among all regions, rising 8.9 percent in August.鈥 

IATA added that industry-wide international traffic for August remained strong and rose by 6.6 percent year on year, with international capacity increasing by 6.5 percent. 

鈥淭his slightly slower growth in capacity meant that PLF in the international sector inched up 0.1 percentage points YoY to 85.8 percent, the highest international PLF recorded for the month of August,鈥 IATA report noted. 

It highlighted that domestic passenger traffic, on the other hand, grew only 1.5 percent year on year in August, matching the pace of the previous month. 

鈥淭his marked the third consecutive month with YoY gains below 2 percent. Capacity rose by 1.3 percent YoY, pushing the domestic PLF up 0.1 percentage points to 86.3 percent 鈥 the highest domestic PLF ever recorded for any month,鈥 the report added. 

Overall, international traffic accounted for 87 percent of the net growth in global RPK, underscoring its dominant role, while domestic traffic contributed only 13 percent, down from 25 percent a year earlier. 

The US was the only major domestic market that contracted, down 0.2 percent year on year after July鈥檚 brief rebound of 0.5 percent 鈥 revised from 1.5 percent in July鈥檚 report, according to IATA release, which added that US domestic PLF fell 1.1 percentage points, marking the eighth consecutive month of year-on-year declines in 2025. 


Gulf funds lead global deals as MENA sovereign assets head to $8.8tn by 2030聽鈥 report

Gulf funds lead global deals as MENA sovereign assets head to $8.8tn by 2030聽鈥 report
Updated 01 October 2025

Gulf funds lead global deals as MENA sovereign assets head to $8.8tn by 2030聽鈥 report

Gulf funds lead global deals as MENA sovereign assets head to $8.8tn by 2030聽鈥 report

RIYADH: Sovereign investors across the Middle East and North Africa are on track to lift their combined assets to around $8.8 trillion by 2030, a jump of more than 57 percent in five years. 

According to the latest Global SWF report, MENA state-owned investors deployed $56.3 billion across 97 deals in the first nine months of 2025, with the US emerging as the top destination. 

Inbound sovereign flows into the region, however, remained limited. 

The surge comes as Gulf funds intensify efforts to diversify beyond oil. 

鈥淭he MENA region continues its transition to a sustainable, diversified, and resilient model. While oil and gas still play a central role 鈥 particularly in the Gulf 鈥 diversification is gaining ground,鈥 Global SWF said. 

It added: 鈥淐ountries are increasingly investing in emerging sectors such as renewable energy, digital technology, artificial intelligence and tourism, seeking to position themselves as regional innovation hubs and global economic players.鈥

According to the report, the most active investors were the 鈥淥il Five鈥: Mubadala with $17.4 billion, Abu Dhabi Investment Authority with $9.6 billion, Qatar Investment Authority with $7.6 billion, the Saudi Public Investment Fund with $6.2 billion, and Abu Dhabi Developmental Holding Co., or ADQ, with $4.8 billion. 

Beyond the league tables, the report pointed to three broad themes shaping flows. First, Gulf funds remain the global engine of state-owned investment, accounting for about 40 percent of sovereign investor deals year-to-date, despite lower oil prices. 

Second, North America continued to attract the largest ticket sizes, particularly in technology, infrastructure, and real assets. 

Third, inbound flows to MENA remained comparatively modest, suggesting scope for more co-investment and on-shoring of capital as regional projects scale. 

Global SWF, a research firm monitoring sovereign wealth and public pensions, covers state-owned investors 鈥 including central banks, and pension schemes 鈥 offering data, analysis, and insights on their capital flows, strategies, and governance. 

The post-pandemic upswing in hydrocarbon receipts, asset transfers from governments to funds, and deepening capital-market access have all expanded the firepower of Gulf sovereign investors. 

Many funds have also formalized domestic development mandates, allocating more capital to in-country projects that crowd in private investment while maintaining significant international portfolios for returns, hedging and strategic partnerships. 

Global SWF鈥檚 outlook to $8.8 trillion by 2030 reflects this dual track: building at home while investing abroad, with the Gulf as the region鈥檚 growth driver. 

PIF illustrates the model: as an enabler of national projects, the fund channels capital, sets standards, and de-risks early-stage ventures so private investors can follow.

As a global investor, it secures partnerships and technologies that feed back into the domestic economy, consistent with its 2030 ambition and mandate. 

PIF鈥檚 domestic footprint spans giga-projects such as Neom, the Red Sea, Qiddiya, Diriyah, ROSHN, Soudah and New Murabba, as well as platforms in gaming and esports, tourism, transport, and renewables.

PIF spotlight 

黑料社区鈥檚 sovereign wealth fund sits at the heart of the Kingdom鈥檚 Vision 2030 transformation, tasked with deploying capital both at home, into giga-projects and new industries, and abroad, into strategic stakes that can transfer know-how and supply chains back to the Kingdom. 

Global SWF鈥檚 profile of PIF notes its ambition to become one of the world鈥檚 largest sovereign investors, with a long-stated goal of reaching around $2 trillion in assets. Recent upgrades and affirmations from rating agencies have reinforced its capacity to raise and deploy capital at scale. 

On the funding side, PIF has diversified well beyond government transfers. It has tapped international debt markets through sukuk and bond programs and maintains multiple channels for capital raising. In February 2024, PIF priced a $2 billion international sukuk that was eight times oversubscribed, part of an ongoing program to broaden its investor base. 

The fund also completed its inaugural international sukuk in 2023, and subsequent communications emphasize four main funding sources: retained earnings, asset monetization/transfer, bank and capital-market debt, and government capital. 

Credit quality has strengthened in parallel with 黑料社区鈥檚 sovereign standing. Moody鈥檚 upgraded the Kingdom to Aa3 in late 2024 and later raised PIF鈥檚 rating to Aa3 as well, while Fitch has affirmed PIF at A+ with a stable outlook 鈥 actions that reduce borrowing costs and support the fund鈥檚 global issuance plans. 

Ratings agencies tie PIF鈥檚 credit to the sovereign鈥檚 strength and to the fund鈥檚 strategic importance and extraordinary support assessment as a government-related entity. 

Moody鈥檚 cited alignment with the state鈥檚 rating trajectory and robust credit links, while Fitch equalized PIF鈥檚 rating with the sovereign under its government-related entity criteria. These views, combined with the fund鈥檚 demonstrated market access, including multiple oversubscribed international sukuk, suggest ample capacity to fund its pipeline.


Global Cybersecurity Forum launches initiatives to scale cohesive advances in cyberspace

Global Cybersecurity Forum launches initiatives to scale cohesive advances in cyberspace
Updated 01 October 2025

Global Cybersecurity Forum launches initiatives to scale cohesive advances in cyberspace

Global Cybersecurity Forum launches initiatives to scale cohesive advances in cyberspace
  • Riyadh鈥檚 governor opens two-day event

RIYADH: The fifth Global Cybersecurity Forum opened in Riyadh on Wednesday and announced major initiatives to scale cohesive advances in cyberspace as well as strengthen online resilience.

Majed bin Mohammed Al-Mazyed, the governor of the National Cybersecurity Authority, spoke of the annual forum鈥檚 focus on advancing collective action, and the road map set by previous editions over the five years.

He said the GCF and the World Economic Forum had established the Centre for Cyber Economics to work together for inclusive and secure cyberspace.

The GCF and the WEF in January this year signed an agreement to establish the CCE in Riyadh, aimed at increasing knowledge and understanding of the economic challenges and opportunities emerging in the rapidly evolving cyber landscape. The agreement was signed at the WEF Annual Meeting 2025 in Davos.

Al-Mazyed said: 鈥淭he global economy depends on cyberspace, yet our collective understanding of the economic dimensions of cybersecurity remains limited.鈥

The CCE will focus on the economic dimension of cybersecurity, driving research, fostering cross-sector collaboration, and developing robust, evidence-based frameworks to enhance global cyber resilience, economic stability, and prosperity.

鈥淚n this spirit, I am pleased to announce that the Kingdom is launching a global initiative for capacity building in cyberspace in partnership with the UN,鈥 said the NCA鈥檚 governor.

By harnessing the expertise of a wide range of international stakeholders, this initiative will deliver accelerated capacity development in the areas of greatest need, from training and education to research and development, he added.

The UN Secretary-General Antonio Guterres delivered a video address to the GCF community at GCF 2025, emphasizing how working together will secure cyberspace.

He said: 鈥淲e must act together to ensure cyberspace serves the common good.

鈥淭he United Nations remains committed to advancing a vision of cyberspace that is open, secure and anchored in international law. To achieve this vision, we are working to ensure all countries have the capacity to maximize digital opportunities while minimizing risks.鈥

Opening the annual forum, Riyadh Gov. Prince Faisal bin Bandar expressed positivity, saying: 鈥淲e are quite confident that global experts and specialists who are attending the forum will contribute in scaling cohesive advancement in cyberspace and together we will achieve cybersecurity.鈥

The opening session emphasized scaling progress in cyberspace. Key initiatives announced included the Child Protection and Cyberspace Initiative, launched with DQ Institute, to safeguard children online, and the CPC Index framework.

The Child Protection in Cyberspace Index at the GCF marks a groundbreaking milestone in the global effort to safeguard children online. The CPC initiative, instated by Crown Prince Mohammed bin Salman, underscores a global commitment to promoting the digital well-being of children worldwide.

Bridging the gender gap, the GCF aims to bridge the 2.8 million workforce gap in cybersecurity, focusing on women鈥檚 participation, with joint research from Duke University and leadership training programs.

In addition, a new knowledge community on aviation cybersecurity was launched, in partnership with Riyadh Air.

The two-day GCF 2025, being held with the theme 鈥淪caling Cohesive Advancement in Cyberspace,鈥 and under the patronage of King Salman, brings together global leaders, senior decision-makers, policymakers, industry experts and other international stakeholders for action-oriented collaboration around key challenges and opportunities in cyberspace.

It aims to scale the cohesive advancements accomplished by the GCF community, elevating their scope, capacity, and impact to advance toward a more secure and resilient cyberspace for all.

It focuses on five sub-themes: 鈥淏eyond the Inflection Point,鈥 鈥淐yber Economics Redefined,鈥 鈥淪trengthening Cyber Inclusion,鈥 鈥淏ehavioral Lens in Cyberspace,鈥 and 鈥淥pportunities at the Cyber Horizon.鈥

Across the sub-themes, the GCF 2025 advances dialog toward building a secure and reliable cyberspace that supports economic growth, societal prosperity, individual security, and national stability.

Within this framework, it will address shared priorities such as fostering alignment in a rapidly evolving global landscape; advancing cyber economic cohesion to enable scalable growth and shared prosperity; strengthening collective action for a human-centered and inclusive cyberspace; leveraging behavioral insights to influence actions, counter manipulations, and foster safe cyber environments; and harnessing technological advancements to tackle fast-evolving challenges in cyberspace.

From its inception as an annual event in 2020, the GCF has evolved into a platform that works year-round to strengthen the safety and resilience of cyberspace.


Saudi POS transactions climb 3% to $3.4bn on strong consumer spending聽

Saudi POS transactions climb 3% to $3.4bn on strong consumer spending聽
Updated 6 min ago

Saudi POS transactions climb 3% to $3.4bn on strong consumer spending聽

Saudi POS transactions climb 3% to $3.4bn on strong consumer spending聽

RIYADH: Consumer spending in 黑料社区 accelerated last week, with point-of-sale transactions rising 3 percent to SR12.77 billion ($3.40 billion), driven by higher spending across most sectors, official data showed. 

According to figures from the Saudi Central Bank, also known as SAMA, the number of transactions edged up 1.7 percent to 221.43 million in the week ending Sept. 27. 

The sustained momentum highlights consumer confidence and the Kingdom鈥檚 ongoing digital payments transformation under Vision 2030 initiatives. 

Spending on recreation 鈥 the fastest-growing subsector 鈥 surged 16 percent during the week to SR255.27 million, with 2.77 million transactions, boosted by anticipation of Riyadh Season, the Kingdom鈥檚 flagship entertainment festival set to begin later this month. 

Telecommunication spending came second, rising 12 percent to SR155.73 million. Personal care rose by 10.3 percent to SR114.01 million, while the number of transactions increased by 7.2 percent to 2.37 million. 

Expenditure on apparel and clothing rose 7.9 percent to SR951.08 million, with transaction volumes climbing 9.5 percent to 8.63 million. 

On the downside, education posted the steepest drop, falling 34.3 percent to SR113.43 million. Freight transport, postal and courier services also declined, down 11.2 percent to SR28.23 million. 

Food and beverages 鈥 the sector with the biggest share of total POS value 鈥 recorded a 2.3 percent increase to SR1.85 billion, while the restaurants and cafes sector saw a 9.7 percent increase, totaling SR1.59 billion and claiming the second-biggest share of this week鈥檚 POS. 

Notably, spending in gas stations claimed the third biggest share at SR948.56 million despite a 0.7 percent decline. 

The top three categories accounted for approximately 34.37 percent of the week鈥檚 total spending, amounting to SR4.39 billion. 

Furniture and home supplies saw an 11.9 percent increase to SR682.05 million, expenditure on laundry services rose 2.5 percent to SR44.56 million. 

Geographically, Riyadh dominated POS transactions, with expenses in the capital reaching SR4.55 billion, a 1.5 percent increase from the previous week.  

Jeddah followed closely with a 1.9 percent rise to SR1.80 billion, while Dammam ranked third, up just 0.8 percent to SR640.83 million.