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Agility opens data centre sites

Kuwait’s Agility launches data centre sites across Middle East and Africa

The company plans to build additional sites in other rapidly growing data centre markets including Nairobi, Casablanca and Lagos

Tamakani milestones showcased by Aamer Sheikh PepsiCo CEO Middle East

How PepsiCo’s Tamakani initiative is empowering Saudi women

Aamer Sheikh, PepsiCo CEO Middle East, shares how the company’s women empowerment platform aims to support one million Saudi women by 2030

Saudi Coffee Company Chairman Fahad Alnuhait photo supllied

From bean to brew: How Saudi Coffee Company is powering the kingdom’s coffee industry

Saudi Coffee Company‘s chairman Fahad Alnuhait tell us how the company is protecting the legacy of the kingdom’s coffee farmers

UAE corporate tax exemptions.

MENA M&A activity smashes record to top 700 deals in 2022

Domestic deals represented 34 per cent of the total M&A value at $28.4bn while outbound deals led in value at $40.1bn

Saudi oil Europe

Saudi Arabia raises oil prices for Asia and Europe for April

Prices for US customers were left unchanged

Shareek programme to suppport Saudi Arabia's private sector

Aramco, ACWA Power, SABIC to receive support from Saudi’s Shareek programme

The first wave of supported projects, which will have strategic impact on several economic sectors, will benefit from investments worth SAR192.4bn

Renewable energy in Saudi Arabia and UAE

UAE, Saudi Arabia lead GCC renewable energy investments: S&P Global

The Gulf states are accelerating the decarbonisation of their energy sectors by investing heavily in renewable energy

Aramco, Geely and Renault venture

Saudi Aramco plans to set up powertrain JV with Renault, Geely

Aramco will be a minority stakeholder in the venture while Geely and Renault are expected to retain equal equity stakes

Saudi Aramco

Aramco completes acquisition of Valvoline’s global products business

The transaction expands Aramco’s lubricants business globally

Leap23

How LEAP is positioning Saudi Arabia as a technology hub

Public and private sector enterprises are setting standards for digital excellence with the support of events such as LEAP2023

SABIC projects tight industry margins

Saudi Arabia’s SABIC sees industry margins staying tight

SABIC, which is majority-owned by Saudi Aramco, said average sale prices dropped 9 per cent from the previous quarter.

Saudi Arabia's PIF backs emkan capital

Saudi wealth fund unit backs Emkan Capital’s technology fund

Emkan Capital’s technology fund will invest in pre-seed and seed-stage companies with high-growth potential

Saudi’s Mawani, Jeddah Chamber to jointly build $267m integrated logistics park

Mawani said the logistics park is expected to further boost its role as a key player in the national transportation ecosystem

Netflix

Netflix launches programme to upskill television producers in Saudi

The seven-week programme will be available exclusively through the University of Southern California

Oman, Israel

Oman opens airspace to all airlines

The sultanate’s historic decision is expected to shorten flights to some Asian destinations by more than two hours

Saudi

Saudi oil revenue drop rounds off year of $326bn windfall

The kingdom wants to use its energy windfall to accelerate projects that contribute to weaning it off a reliance on oil

Almarai

Saudi’s Almarai completes acquisition of International Dairy and Juice for $68m

The purchase was funded from Almarai’s internal cash flows

China grants Saudi Arabia Approved Destination Status

Saudi launches company to develop world’s largest downtown in Riyadh

The new Murabba project will feature a museum, a technology and design university, a multipurpose immersive theater, and more than 80 entertainment and culture venues

Saudi Arabia to host FIFA Club World Cup in 2023

Saudi Arabia to host FIFA Club World Cup in 2023

The tournament will be held from December 12-22

ADNOC delivers first Middle East LNG cargo to Germany

The shipment of 137,000 cubic meters of LNG can produce enough electricity to supply approximately a quarter million German homes for a year

Saudi’s PIF invests $1.3bn in four local construction companies

The transactions are part of the fund’s strategy to enable the kingdom’s strategic sectors

PIF acquires 30 % stake in Saudi tabreed-800x533-1

Public Investment Fund acquires 30% stake in Saudi Tabreed

Saudi Tabreed currently manages 779,000 tonnes of refrigeration (TR) via contracts with major companies in Saudi Arabia

Saudi to send its first female astronaut to space this year

Saudi to send its first female astronaut to space this year

Rayyanah Barnawi and Ali Al Qarni will travel to the International Space Station during the second quarter of 2023

PIF second green bond issue _ pexels-pixabay-356036

Saudi Arabia’s PIF raises $5.5bn from sale of second green bond

The fund will allocate an amount equalling the net proceeds of the issuance to fund eligible green projects in line with its Green Finance Framework

KPMG launces CoE for metaverse at LEAP 2023

KPMG launches Centre of Excellence for metaverse and digital twins at LEAP23

KPMG has allocated a dedicated co-investment fund for metaverse use-cases in Saudi Arabia to work together with public and private partners on expediting the technology for practical use

Nana

Alwaleed’s Kingdom Holding leads $133m funding for Saudi delivery app Nana

Started in 2016, Nana raised $18m from investors including venture capital fund STV and Middle East Venture Partners

Aramco’s venture capital arm expands investment fund to $500m

Aramco’s venture capital arm expands investment fund to $500m

Aramco has allocated $300m in additional funds to Wa’ed Ventures

Burjeel Holding enters Saudi market via agreement to establish 60 clinics

Burjeel Holding enters Saudi market via agreement to establish 60 clinics

The ADX-listed healthcare services provider signed a MoU with Leejam Sports Company to create a joint venture

Oil

Oil extends gain as Saudi Arabia bets on demand rebound in Asia

Saudi Aramco increased most of its prices for crude that will be shipped to its main market of Asia in March

Leap saudi

LEAP23: Second edition of technology event opens today in Riyadh

The Riyadh Front Exhibition & Conference Centre is set to host around 100,000 tech innovators