More than 60 per cent of Saudi Arabia’s oil shipments go to Asia, with China, Japan, South Korea and India
The JV agreement is part of PIF’s and stc’s efforts to drive rapid growth of Internet of Things across Saudi Arabia
It is part of the kingdom’s efforts to support Egypt’s economy
Armani Hotel Diriyah will include 70 rooms and two restaurants, with its suites featuring their own spa and swimming pool
The Organization of Petroleum Exporting Countries and its partners have resisted calls to raise output faster
Foreign direct investment in 2021 totalled $19.3bn, the most since 2010
Brent futures briefly surged to a 13-year peak near $139 a barrel earlier this month
SAP’s suite of solutions to deliver initial steps into wider digitalisation strategy
Talks between Public Investment Fund and the four contractors are at an early stage
The deal is expected to close in the second half of the year
The kingdom’s sovereign wealth fund signed non-binding memorandums of understanding with five companies
Discussions are ongoing, but no advisers have been hired
Nahdi’s IPO is the largest listing in the kingdom since Saudi Aramco raised almost $30bn in 2019
The US-based company recently exhibited their solutions and shared their expertise at the World Defense Show in the kingdom
OPEC+ is reviving supplies after its deep cuts at the start of the pandemic in 2020
Aramco declared a dividend of $18.8bn for the fourth quarter, to be paid in Q1 2022
The visas will be extended without any fees charged and will be done so automatically
The NEOM project, called Helios, is led by a consortium including Air Products and ACWA Power International
The kingdom’s real GDP grew by 6.7 per cent in the fourth quarter of 2021
E& offered SAR47 a share for a higher stake in Mobily, a 22.2 per cent premium to its Tuesday’s closing price
Saudi Arabia and the UAE pump more than 13 million barrels a day of oil between them
The shares surged as much as 18 per cent to SAR86.1
The kingdom recently announced over $6.4bn of investments in future technologies and entrepreneurship at LEAP, the largest tech event in Saudi Arabia
The strike on the facility in Riyadh on Thursday morning did not result in any injuries, while the supply of oil from it remained unaffected too
The facility will be built in the city of Panjin, in China’s Liaoning Province
The MoU aims to develop cooperation in digital transformation and explore ways to accelerate digital health services to patients
Muvi Cinemas is Saudi Arabia’s first homegrown cinema brand
Trojena which will include the GCC first outdoor ski resort is expected to create more than 10,000 jobs and add SAR3bn to the kingdom’s GDP by 2030
The Tadawul introduced index futures in August 2020
Invitations were sent to private equity firms, bankers and construction suppliers for the gathering