Archives

Saudi Arabia

Thu, 03 Feb 2022 08:21:30 GMT
Dubai switches from clean coal to gas for its 2.5-gigawatt Hassyan power project
The independent power project is being developed by a consortium of Saudi's ACWA Power and China's Harbin Electric

Thu, 03 Feb 2022 07:48:21 GMT
Saudi's Advanced Petrochemical posts 37% jump in 2021 profit on higher sales
Polypropylene sales prices jumped by more than 50% in 2021

Thu, 03 Feb 2022 07:42:22 GMT
Saudi SABIC Q4 net profit rises to $1.32bln on higher prices, sales
Warns new capacity and higher costs will hit earning in 2022

Thu, 03 Feb 2022 05:30:22 GMT
Saudi non-oil sector growth slows in January on Omicron concerns: PMI
Export sales decreased for the first time since last March

Wed, 02 Feb 2022 15:49:28 GMT
Saudi's Seera Holding to develop a 215-room hotel in AlUla
The $45mln project would be developed as a joint venture with AlUla Development Company 

Wed, 02 Feb 2022 14:03:00 GMT
Saudi Shoura Council approves draft law to ‘protect flag, emblem and national anthem’
Misuse of Saudi Arabia’s flag, emblem or national anthem will be targeted under a draft law

Wed, 02 Feb 2022 13:06:02 GMT
Dubai-based Depa bags Saudi giga project fit-out contract
Company awarded $27mln hospitality package within Saudi giga project

Wed, 02 Feb 2022 12:33:23 GMT
SNB's profits jump 11% in 2021
Meanwhile, the bank's assets hiked by 52.5%

Wed, 02 Feb 2022 12:30:04 GMT
Saudi Arabia & Kuwait to raise oil output in Neutral Zone
Currently, production of both fields combined stands below the pre-shutdown levels at 300,000 to 320,000 bpd

Wed, 02 Feb 2022 12:27:17 GMT
Saudi Arabia will lead the way in green energy tech, vows minister at LEAP
Al Saud argued that technological developments could see Saudi Arabia hitting that target ahead of schedule

Wed, 02 Feb 2022 11:00:04 GMT
Jadwa Investment sees Saudi oil production rising by 13% in 2022
Saudi Arabia’s crude oil production is set to lift by 13% in 2022

Wed, 02 Feb 2022 11:00:04 GMT
SABIC purchases Clariant’s 50% share in their JV Scientific Design
The company is a 50/50 joint-venture between SABIC and Clariant

Wed, 02 Feb 2022 11:00:04 GMT
The Future of Real Estate Forum to tackle Kingdom’s urban landscape
It is expected to showcase the results of in-depth studies of the sector

Wed, 02 Feb 2022 10:23:37 GMT
J&T Express to set up its Mena regional headquarters in Saudi Arabia
The announcement was made at the LEAP Summit

Wed, 02 Feb 2022 10:00:04 GMT
Aramco announces Prosperity7 Ventures
Prosperity7 is designed as a global financial VC

Wed, 02 Feb 2022 10:00:04 GMT
Saudi and Spanish foreign ministers discuss development opportunities
During the call, the two sides reviewed bilateral relations and opportunities for development in various fields, and discussed a number of regional and international issues

Wed, 02 Feb 2022 09:00:04 GMT
Jubail Port plans initiatives to boost petchem exports
Jubail Commercial Port is equipped with state-of-the-art facilities to receive vessels of all types and sizes

Wed, 02 Feb 2022 08:30:03 GMT
Saudi Arabia launches Digital Tourism Strategy
The Ministry of Tourism is pioneering nine innovative programmes consisting of 31 core initiatives by 2025

Wed, 02 Feb 2022 08:03:37 GMT
Saudi Aramco acquires stake in Norway's industrial software firm Cognite
Oil giant takes over stake held by European oil company Aker BP

Wed, 02 Feb 2022 07:43:40 GMT
Saudi Telecom to set up data connectivity company with $1bln investment
Move comes as part of plans to establish kingdom as region's digital hub

Wed, 02 Feb 2022 06:09:24 GMT
Saudi issues 80 industrial project permits in Dec
Total industrial units exceed 10,000

Wed, 02 Feb 2022 04:18:12 GMT
Saudi Arabia to develop cooperation in digital economy with Bahrain, Finland
They also discussed ways to support digital entrepreneurship and develop sustainable and green technology

Tue, 01 Feb 2022 13:00:04 GMT
Retailo raises $36mln in landmark Series A round
The Series A funding will help Retailo move into the next phase of expansion into new geographies

Tue, 01 Feb 2022 13:00:04 GMT
RCU launches autonomous pod vehicle service in AlUla
Fully autonomous pod vehicle service providing passengers with a quick and easy link to AlUla’s Old Town from the south car park

Tue, 01 Feb 2022 12:51:48 GMT
Beez Logistics partners with Naif Alrajhi Investment to boost operations
The move will provide more options to integrate technology and digital innovation with logistic services across Saudi Arabia

Tue, 01 Feb 2022 12:46:42 GMT
Gulf Cryo, IMI sign 20-year industrial gases supply deal
Operations and supply are expected to start in 2022

Tue, 01 Feb 2022 12:46:17 GMT
NEOM to produce over 600,000 tons of sustainable food to help achieve Saudi self-sufficiency
NEOM will focus on the development of innovative marine and land-based production systems

Tue, 01 Feb 2022 12:30:03 GMT
Savola Group's profits slip 76% in 2021; dividends proposed
The company's revenues rose by 13.63%

Tue, 01 Feb 2022 12:30:03 GMT
FORM Hotel offers 25% discount for Saudi nationals
The 25% discount is valid only through phone call or email

Tue, 01 Feb 2022 10:41:28 GMT
US restaurant brand Arby's to launch in Saudi Arabia
Agreement with Shahia Foods for significant expansion across Saudi Arabia

Tue, 01 Feb 2022 10:00:04 GMT
Saudi Culture Minister announces $30mln funding commitment for ALIPH Foundation
Commitment ill help the foundation to continue its vital work around the world

Tue, 01 Feb 2022 09:30:04 GMT
Saudi food giant Savola’s 2021 profit plummets 76% on tax pressure
Net profit dropped from $242.7mln to $59-17mln from a year ago

Tue, 01 Feb 2022 09:30:04 GMT
Saudi Gas Arabian Service to list next week on Nomu, CEO says
Having been a family business for 30 years, the firm aims to spend an average of 2 years on Nomu before moving to the main market

Tue, 01 Feb 2022 09:30:04 GMT
Saudi metal producer Maadaniyah narrows losses to 8.3% of capital
Maadaniyah, one of the largest metallurgic firms, saw its losses for 2021 standing at $7.84mln

Tue, 01 Feb 2022 09:30:04 GMT
All you need to know ahead of trading as Saudi market wraps up January
TASI ended 0.1% higher at 12,271 points to wrap up January with almost a 9% increase

Tue, 01 Feb 2022 09:30:04 GMT
PIF-owned Elm's IPO attracts $57bln from institutional investors
Fully owned by the Public Investment Fund, Elm has set its final offer price per share at $34, the top end of the proposed range

Tue, 01 Feb 2022 09:30:04 GMT
Saudi cable manufacturer Aslak sees 25% drop in 2021 profits
Profits slumped by over 25% year-on-year to reach $12.3mln

Tue, 01 Feb 2022 08:11:12 GMT
Saudi aims ten-fold boost for the metals sector
5,300 reserve sites located

Tue, 01 Feb 2022 07:24:35 GMT
Saudi Cable's losses mount to 63% of capital
Extraordinary general assembly to take up accumulated losses

Tue, 01 Feb 2022 07:00:04 GMT
Saudi Tour 2022 kicks off in AlUla
15 international teams are participating, covering a distance of 831.3 kilometers

Tue, 01 Feb 2022 06:30:07 GMT
Saudi Arabia donates $30mln for protection of international cultural heritage
The gift was announced during the second donors’ conference for the ALIPH Foundation in Paris

Tue, 01 Feb 2022 06:06:59 GMT
Saudi, Omani interior ministers inspect Empty Quarter border crossing
During the inspection tour, the ministers unveiled two commemorative plaques before inspecting the service facilities at the border crossing

Tue, 01 Feb 2022 06:05:10 GMT
Saudi Arabia, Iraq sign deal to support agricultural cooperation, livestock and fisheries
The agreement includes cooperation in a number of areas

Tue, 01 Feb 2022 05:39:20 GMT
Saudi's Shura Council backs amendment of flag, emblem, national anthem system
Amendment seeks to support goals of kingdom's Vision 2030

Tue, 01 Feb 2022 04:53:53 GMT
Saudi’s hospitality sector continued to recover in Q4 2021, helped by Riyadh Season and F1
In the fourth quarter, Riyadh Season — an entertainment festival — kicked-off in the capital which stimulated greater tourism activity

Tue, 01 Feb 2022 04:51:16 GMT
Gaming consumption in Saudi Arabia projected to reach $6.8bln by 2030
Saudi Arabia is currently home to 23.5mln gaming enthusiasts, equivalent to 67% of the national population

Tue, 01 Feb 2022 04:48:56 GMT
ACWA Power, Saudi EXIM sign MoU to develop and cooperate on knowledge sharing initiatives
The MoU will also bolster the growth of local content and Saudi exports in international projects and capital investments overseas, which will, in turn, create new jobs and foster economic growth within the Kingdom and beyond

Mon, 31 Jan 2022 15:00:04 GMT
Cirque du Soleil set to bring top shows to Saudi Arabia
Saudi Arabia may soon play host to a brand new Cirque du Soleil resident show unique to the Kingdom



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