The country’s top trading partner during June was China with exports reaching SAR21bn riyals
The wealth fund is boosting its investments in equities as Saudi Arabia’s income from oil almost doubled in the second quarter
The decision coincides with the start of the Umrah season for the current year
Aramco posted a 90 per cent year-on-year increase in net income in Q2 2022 to 48.4bn and declared a dividend of $18.8bn to be paid in Q3
The mining company reported that sales rose 95 per cent quarter-on-quarter to SAR11.9bn, bringing H1 2022 sales to SAR20.8bn, an 80 per cent improvement on H1 2021
Saudi Aramco plans to begin permanently storing carbon dioxide from 2026 in one of the largest facilities of its kind, as the state oil giant seeks to reach its goal of net-zero emissions by 2050
The company will invest in swathes of Egypt’s economy from infrastructure and real estate to pharmaceuticals
The MoU aims to explore the future of sustainable transport in the kingdom and identify investment opportunities in railway infrastructure
State producer Saudi Aramco increased its Arab Light grade for next month’s shipments to Asia to $9.80 a barrel
Aramco will benefit from VGP’s robust manufacturing and distribution network, significant R&D capabilities, strong partnerships with major OEMs
The OPEC+ alliance will meet via video conference on August 3 to decide on future production policy
Saudi Arabia’s Crown Prince Mohammed bin Salman is on a two-day official visit to Greece
The design showcases how urban communities in the future will run on 100 per cent renewable energy, free from roads, cars and emissions
Ykone is an influencer marketing agency focused on travel, beauty, fashion and luxury brands
The report highlights emerging opportunities for brands and marketers to connect with audiences
According to the ‘H1 2022 Saudi Arabia Venture Capital Report,’ this figure surpassed the total amount deployed in 2021
Shipments for June were the lowest since September
The move by Saudi Arabia marks a win for Joe Biden as he uses his visit to the region this week to advance US strategic interests
Eid Al Adha will fall on July 9
Saudi Arabia sends more than 60 per cent of its crude exports to Asia
NEOM will be able to increase agility across business processes and accelerate innovation by accessing new cloud services on-premises
Oil has started the third quarter in strong form after dropping in June
Flynas will connect the cities with two weekly flights, starting October 6
Shihana Alazzaz has been named the first female Deputy Secretary General of the Saudi Cabinet
Abdullah Al Othaim Investment Company decided to cancel the listing of a 30 per cent stake on the Saudi stock exchange
Citizen unemployment peaked at over 15 per cent at the height of the pandemic in mid-2020 and has since fallen almost every quarter
Oil is still up around 45 per cent this year as the global economic recovery coincided with upended trade flows
IBM will work with KSU to support AI education and awareness while maximising partnerships with academia, the public, and private sector
The new contracts mark the second derivatives product to be introduced in the exchange
The Crown Prince left Turkey on Wednesday, June 22, bringing an end to his regional tour that also took him to Egypt and Jordan