The development of the Jafurah field is expected to cost $100bn and boost the state energy firm’s gas production by more than 60 per cent by 2030
Renault CEO Luca de Meo described the deal as creating a “dream team” that would “reinvent” the future of combustion-engine and hybrid technologies
Dar Global hopes to sell at least half of the homes in its US developments to non-US buyers
The energy giant signed a letter of intent in March 2023 with a view to possibly becoming a minority shareholder in the JV
The development of Saudi Arabia’s renewable energy sector is a core objective of Vision 2030, the kingdom’s blueprint for a modern, diversified economy
The investment will accelerate the Gulf Mercantile Exchange’s growth as a regional commodities leader well-positioned to capture global commodity demand
The company was part of a wider privatisation programme under Saudi Arabia’s Vision 2030 strategy aimed at diversifying the oil-dominated economy
Rivian will form an equally controlled joint venture with Volkswagen to share EV architecture and software
London Metal Exchange will undertake consulting on the final rulemaking around the Jeddah expansion, but said it remains positive on that initiative
Aramco and Sempra expect to execute binding LNG and definitive equity agreements with terms substantially equivalent to those in the heads of agreement
Valiant joins the ranks of Valkyrie, Vantage and upcoming mid-engine supercar Valhalla as collectible specials
Water supply is a major challenge for the lithium industry, following persistent drought in the South American country
The ongoing transformation is being driven by Vision 2030, which aims to deliver more than 660,000 residential units and over 320,000 hotel keys
As the geopolitical situation continues to evolve in the MENA region, the frequency and intensity of DDoS attacks by hacktivists as well as malicious actors, are expected to persist
The power plants will be operational in a phased approach
The supermarket chain plans to expand its presence in Saudi Arabia, with up to 12 new stores scheduled to open in the kingdom by 2028
Saudi Aramco’s chairman Yasir Al Rumayyan, who heads Saudi Arabia’s Public Investment Fund, was initially appointed to RIL’s board in 2021 for a three-year term
Through regulatory frameworks and policy initiatives, Saudi Arabia has emerged as a burgeoning hub for digital advancement, writes Tech Mahindra’s COO
EV startups are lowering manufacturing costs, laying off workforce, and racing to develop cheaper models to navigate a slump in demand
The world’s largest oil firm has been expanding its trading activity
Through the ETF, investors in China will be able to trade Saudi stocks including Saudi Aramco and Saudi National Bank
International naval forces have been deployed to provide defensive support for ships sailing through the Red Sea, but the attacks have increased significantly
The autonomous flight was conducted by EHang Holdings in collaboration with Saudi-based Front End
A potential Saudi purchase could involve 25 units, and the planemaker expects the country to make a decision in two to four years
Inventories of both gasoline and diesel have been rising relative to the seasonal trend in the US, and consumption growth for oil remains tepid across major markets
Chile is the world’s second-largest producer of lithium
OPEC+ members are cutting output by a total of 5.86 million bpd, or about 5.7% of global demand
The platform could help Saudi Arabia with its vast Vision 2030 plan
With the addition of the latest Airbus A320neo, the carrier has increased its fleet size to 33 narrowbody jets
The summit is due to kick off on June 13 with a discussion about Africa, climate change, and development