RIYADH: With assets worth $607.42 billion, Saudi Arabia’s Public Investment Fund has maintained the sixth spot in the list of top sovereign wealth funds in the world, according to the latest data. Data released by the Sovereign Wealth Fund Institute suggested that China Investment Corp. topped the list with $1.350 trillion in assets, followed by Norway Government Pension Fund
Drawing from centuries-old coffee traditions and boosted by one of the largest state-backed economic programmes on the planet, Saudi Arabia’s coffee shop market is booming. 5THWAVE speaks to some of the operators riding high in the Kingdom’s rapidly growing branded café segment to find out why coffee has become Saudi Arabia’s new black gold
Saudi Arabia’s flynas, a leading low-cost airline in the region, has doubled annual growth in operation and performance during 2022, increasing passengers by 91% to 8.7 million; flights by 45% to 66,000 and seat capacity by 46%.
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