Spot premiums for Middle East crude fell last month as the Asia market was well supplied
The fund inked MoUs with Mizuho Bank, Sumitomo Mitsui Financial Group, MUFG Bank, Japan Bank for International Cooperation, and Nippon Export and Investment Insurance
The fund will target buyouts, structured solutions, and other investment opportunities across a range of strategic sectors, including technology and healthcare
Uzbekistan remains ACWA Power’s second-largest market, with a robust portfolio that includes 11.4GW of power capacity
The new private equity fund will target buyouts, structured solutions and other investment opportunities across a range of strategic sectors
The deal, signed at the Future Investment Initiative forum in Riyadh, brings to 132 the total number of jets ordered by Riyadh Air
The kingdom unveiled its Vision 2030 plan in 2016, which involves hundreds of billions of dollars of investments to wean the country’s economy off oil
The agreements cover a range of projects across the GCC, China, Central Asia and North Africa, focusing on financing, renewable energy, storage projects, and research and development initiatives.
The sovereign wealth fund is driving economic diversification by investing billions in new sectors to reduce oil dependency
The indicative price range was set between SAR120 and SAR132 per share, implying a market capitalisation of between SAR3bn and SAR3.3bn
The CEO says the firm is collaborating with partners in the ecosystem to provide drivers with a seamless transition from internal combustion engine
Last year, deals worth $17.9bn were agreed at the forum and organisers say they expect $28bn in deals to be announced this year.
This initiative aligns with Saudi Arabia’s National Transport and Logistics Strategy, aiming to promote the use of modern technologies in transportation
Lucid said it expected the offering to raise $1.67bn, but on Monday, the company said the offering had raised nearly $1.75bn
SARCC will revolutionise the accommodation market by developing and operating complexes for staff in Saudi Arabia
Saudi Arabia is the number two oil exporter to China behind Russia and holds stakes in some Chinese refiners
The entire amount raised will be distributed to United Electronics Company (eXtra), the selling shareholder
Cityscape Global 2024 offers a comprehensive platform for international city experts that addresses the future of urban development, real estate, and infrastructure, says the Tahaluf group director
First Quantum owns the Kansanshi and Sentinel copper mines in Zambia, which have become key to future output after Cobre Panama’s shutdown
Lucid expects to report a loss from operations in the range of $765m to $790m for the quarter ended September 30
Khalid Albdah was appointed as managing director and chief executive for Goldman’s Saudi operations in 2015
Egypt’s prime minister said last month that Saudi Arabia was planning to invest $5bn in Egyp
Russia has invited Saudi Crown Prince Mohammed bin Salman to attend the summit, foreign minister Sergei Lavrov said last month
The fund aims to accelerate development in the Qassim region, including the facilitation of a land sale programme and development of the U Walk Qassim Mall
Rawabi will fast-track sustainability performance and financing especially in hard to abate sectors in Saudi Arabia and wider MENA region
The deal includes new investment by both PIF and Central to strengthen Selfridges Group’s position and support future development
The streaming platform is a broadcasting partner for Italy’s Serie A, Spain’s LaLiga, Germany’s Bundesliga and France’s Ligue 1
Once completed, the Jeddah Economic Company (JEC) tower will rise over 1,000 metres and feature 157 floors, making it the tallest structure globally.
PIF currently owns 8.58 per cent of Nintendo and has stakes in video game companies Nexon, Capcom, and Koei Tecmo
Delta customers will gain access to nine destinations in Saudi Arabia and the Middle East, while Saudia flyers will gain access to 12 destinations in the US