The Biden administration briefed Congress on the decision with reports indicating that weapons sales could resume as early as this month
The milling is offering the shares in two tranches — to institutional investors and retail investors — between September 1-19
Dallah will issue 3.89 million shares to Ayyan as part of the capital increase, valued at SAR660m
The discount is available for international flights departing from Jeddah and Riyadh
The wealth fund is said to discussions with both aircraft manufacturers and lessors to acquire Boeing 777 and Airbus A350 freighters
The perfume retailer is offering 7,500,000 shares to investors—equivalent to 30 per cent of the company’s paid-up capital
The mediating countries – Qatar, the US, and Egypt – have so far failed to narrow enough differences to reach an agreement in months of on-off negotiations
The multi-year sponsorship deal with Concacaf complements the airline’s existing agreement with Spain’s Atlético de Madrid
SEDCO Capital’s new fund is expected to attract both local and international investors, offering them a vehicle to tap into the growing Saudi market
The Red Sea project is poised to be the world’s first fully clean energy-powered destination
Initially, Riyadh Metro is expected to carry 1.2 million passengers daily, with the capacity to expand to 3.6 million at full scale
Sectors such as clean energy, metals and minerals, transport and logistics, and digitalisation are expected to see significant funding as part of the kingdom’s economic diversification efforts
Oil majors have complained that the terms of Iraq’s traditional oil service contracts meant they could not benefit from rising oil prices and lost out when production costs rose
The Concacaf partnership adds to PIF’s growing portfolio of partnerships across tennis, golf, football, and electric motorsports
Saudi Arabia plans to award more than 30 additional mining exploration licences to foreign investors in 2024
The hydrogen-powered tower will feature advanced cybersecurity systems, two ultra-fast VIP elevators, and a helipad
Saudi Arabia’s facilities have so far been inspected under the SQP agreement with the IAEA, which offers limited international oversight
The agreement, effective from September 1, spans 4.5 years with an option to extend for an additional two years
A Pentagon statement said the USS Georgia, a nuclear-powered vessel, is being deployed to the Middle East
The updated law fosters a level playing field for both domestic and international investors
The funds have been allocated for a wide range of initiatives, from essential research to applied technologies
Rise in aluminium and gold sales volume boost Saudi mining giant’s earnings
The US has an estimated 30,000 to 45,000 military troops stationed across the Middle East, spread over more than a dozen countries
Saudi Aramco’s recent acquisition of additional stake in Japan’s Sumitomo Chemical is a sign of consolidation in the petrochemical industry
Both Brent and WTI were set to gain more than 3 per cent on a weekly basis
Market watchers called worries of a recession in the US economy “not in line with economic fundamentals”
The sale aligns with Aramco’s downstream expansion and Sumitomo Chemical’s move away from commodity chemicals
ACWA Power continued its expansion through the period, adding a record 10.5GW of renewable power generation capacity to its portfolio
Amin Nasser said he expects global oil demand of 104.7 million bpd in 2024
Oracle’s footprint expands to eight cloud regions in the Middle East and North Africa region