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
The energy firm declared dividends of $31.1bn for the second quarter, including $10.8bn in performance-linked payouts
The deal comes just ahead of Lucid’s planned production of its much-awaited Gravity SUV later this year
Brent crude oil futures inched down 4 cents, or 0.1 per cent, to $76.77 a barrel
The government is considering helping pay off dues to banks, lending to the firm, and even potentially increasing its stake
Blinken has spoken to his counterparts in Saudi Arabia, the UAE and Qatar as tensions have ratched up in the region, in recent days
The kingdom’s capital city Riyadh will host eight stadiums, including the new King Salman Stadium, which will accommodate over 92,000 spectators
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said OPEC+ could pause or reverse the production hikes if it decided the market is not strong enough
The company said its long-term focus would remain on “strategic portfolio optimisation” and restructuring underperforming assets
24 Fintech is closely aligned with Saudi Arabia’s Vision 2030 which positions the industry as a crucial element in achieving economic transformation
PIF signed the MoUs with key Chinese financial institutions, including the Agricultural Bank of China and Bank of China
Oil has fallen from a 2024 high, above $92 a barrel in April to trade around $81, on July 30
RPM CEO Dr Rohil Raghavan shares how the medical services provider continues to enhance the quality of healthcare services in the UAE, Saudi Arabia and beyond
The kingdom’s total public debt stood at SAR1.149tn at the end of June, up from SAR1.05tn at the end of last year
The kingdom’s GDP decreased by 1.7 per cent in Q1 2024, as cuts to oil production have continued to weigh on the country’s economy.
In addition to international sporting events, the new stadium will host other entertainment, cultural, and social events
The listing will become active three months after the first warehouse company has been approved in the new location
The kingdom is working to secure access to lithium and other minerals as part of its goal to turn itself into a hub for battery and EV manufacturing
The talks, if successful, would create one of the world’s largest free trade areas worth $2.4tn
Covering more than 660,000 square meters, the stadium will serve as the home ground for Saudi Arabia’s national soccer team