The funds hold significant stakes in Saudi Arabian firms
Crude futures are trading at a two-year high above $70 a barrel
In the first quarter, Saudi Arabia’s non-oil economy grew at its fastest pace since 2019
Goldman banker Eyas AlDossari will head investment advisory within the MENA Investments Division of the fund
Assilah Investment is the top shareholder in both companies
Aberdeen and Investcorp announced the fund two years ago with a view to channel investment into the Middle East’s health care, education and utilities industries
The bus network consists of two stages and aims to serve pilgrims and residents of Makkah
The first phase of online registrations for Hajj will be open from June 13-23
The state-controlled company sold sukuk due in three, five and 10 years
The PIF has made several high-profile investments in recent years
The extension will be done automatically and at no cost to the visa holders
The firm is raising cash to help finance its plans to pay out $75bn in dividends
The firm is raising cash to help fund its commitment to pay out $75bn in dividends
The IPO could add to a string of listings in Saudi Arabia
The kingdom’s Purchasing Managers’ Index survey compiled by IHS Markit rose to the highest since January
Founded in November 2014, the company with operations in several countries including the UAE and Saudi Arabia is now valued at $2.1bn
It is aiming for its operations to become carbon neutral by the end of 2021
The price of oil has doubled since October to more than $70 a barrel
According to the agreement with ACWA Power, Neutral Fuels biofuel is set to power the site’s entire transportation network
Customers can book their flights on the carrier’s website or by calling the call centre or through travel agencies
The directive is effective from 1am, on Sunday, May 30
Saudi Arabia is the Philippines’ top destination for migrant labour
ACWA has proposed various projects in South Africa, from a coal-fired plant to a solar and battery project
Encouraging foreign tourism is a key factor in the kingdom’s efforts to reduce its reliance on oil
The Red Sea Gateway Terminal plans to invest in at least three international ports in the next five years
Saudi Arabia’s mega vision for its tourism industry is thoroughly embodied by way of two large-scale developments along its Red Sea coast, led by the far-sighted John Pagano
The General Directorate of Passports will extend the validity of visas of expatriates from countries where entry to the kingdom is currently banned
Manzo was most recently the CEO of the World Travel and Tourism Council (WTTC)
Gulf nations were once Lebanon’s main financial benefactors