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Saudi Arabia mulls selling additional shares in Aramco to raise SR40 billion, Bloomberg reports
Saudi Arabia is considering reviving plans for a follow-on share offering in Saudi Aramco to raise at least SR40 billion ($10 billion) as early as February, Bloomberg News reported on […]
FDI inflow to Saudi Arabia jumps 20% to SR762 billion during 2022
The balance of foreign direct investment (FDI) in Saudi Arabia jumped to SR762 billion ($203.2 billion) by the end of 2022, compared to 2021 when it reached SR659 billion ($175.7 […]
Council of Economic and Development Affairs reports over 98% performance increase
The Council of Economic and Development Affairs (CEDA) has reported a increase in performance indicators of over 98% during its recent virtual meeting. The Council discussed several reports and agenda […]
Saudi Arabia launches ‘GenAI for All’ initiative at Digital Cooperation Organization
In a move to bolster digital cooperation and artificial intelligence (AI) capabilities, Saudi Minister of Communications and Information Technology Abdullah Al-Swaha announced the launch of the ‘Generative Artificial Intelligence for […]
Crown Prince and Cameron discuss regional security
Crown Prince and Prime Minister Mohammed bin Salman met with UK Secretary of State for Foreign, Commonwealth and Development Affairs David Cameron in Riyadh on Wednesday. During the meeting, the […]
Saudi Arabia and Kuwait assert ownership of Durra field
Saudi Arabia and Kuwait underscored their unequivocal stance regarding the Durra field, asserting its location entirely within Kuwait’s exclusive maritime areas. They emphasized that the natural resources in the […]
Saudi EXIM Bank strikes agreement with ITFC
Saudi EXIM Bank has signed an agreement with the International Islamic Trade Finance Corporation (ITFC) to implement a $25 million financing line for Habib Bank Limited (HBL) in the Islamic […]
Riyadh Cables wins big supply contract for Dubai solar project
Saudi-based Riyadh Cables Group said it has entered into a deal with India’s top engineering and construction conglomerate Larsen & Toubro (L&T) to supply high voltage alternating current (HVAC) cable […]
Alucor wins contract for landmark Saudi desalination project
Alucor, a leading EPC contractor in the Middle East region, has announced a strategic collaboration with Doosan, a South Korean multinational conglomerate corporation, for the Shuaibah 3 IWP, a landmark […]
Acwa Power to set up new tech centre for clean energy at KACST
Acwa Power, a leading Saudi developer of power and desalination projects, has signed an agreement with King Abdulaziz City for Science and Technology (KACST) for the establishment of a new […]
