Nassir Al-Naimi remains in charge of Aramco’s oil and gas production while Mohammed Al Qahtani will continue to run the refining and chemicals business
When completed, the port will operate at net carbon zero levels with 100 per cent renewable energy at source
It has signed a master development agreement with Tashyid for Hotel Operations to develop the hotels totaling 2,500 keys
Guests may expect to gain all the benefits of codeshare flights including connectivity, baggage transfer and the convenience of having their entire journey managed by one airline
The drilling company’s earnings before interest, taxes, depreciation and amortisation in Q1 2023 reached SAR323m, with a margin of 41.5 per cent
Moody’s Investor Services affirmed Saudi Real Estate Refinance Company’s ‘A2’ long-term issuer ratings and upgraded its outlooks to ‘positive’
The move comes as part of the kingdom’s efforts to organise Hajj effectively
The company plans to use the net proceeds from the share sale to strengthen its capital base to support future growth
The mission is part of the kingdom’s astronauts’ programme, which was launched on September 22 last year
Over 180,000 domestic and international attendees will attend the debut edition of Cityscape Global
The four-day event attracted 4,452 participants from 90 countries as well as 89 organisations working in the field of sustainable development
The energy provider said its net profit soared 19.4 per cent quarter-on-quarter and free cash flow stood at Dhs1.04bn
A Fairmont, Swissôtel and Novotel will cumulatively add over 1,000 keys to Accor’s portfolio in Saudi Arabia
The openings will cumulatively add 618 keys to its portfolio and includes four Edge by Rotana hotels as well as one Rayhaan by Rotana property
Set to open in mid-2025, the fulfillment centre located in the kingdom’s first special integrated logistics zone will serve as a flagship centre for the region
Spanning over 10,000 square metres, the indoor entertainment centre will open at Al Hamra district of Riyadh
The airline currently operates scheduled flights to 17 domestic destinations across Saudi Arabia and six in Europe, Middle East and Africa
New research from Trellix highlights the critical resource gaps reported by two in three CISOs surveyed across the UAE and Saudi Arabia
The group has launched The Collective by Kerten Hospitality initiative to unify its efforts across all the projects in the kingdom
It includes two new A320 neo and one widebody A330 aircraft
Global crude oil prices declined in the first quarter of 2023 mainly driven by macroeconomic events contributing to market volatility
The firm is in early talks with banks and stakeholders, John Pagano, chief executive of Red Sea Global, said in an interview, without disclosing details on advisers, banks or valuation
The new-build Kimpton Riyadh will be located within the King Abdullah Financial District
Economic expansion was driven by a 5.8 per cent increase in non-oil activities
Saudi banks stand to remain on a profitable path in 2023 with corporate lending continuing to drive credit growth in the sector
The open banking platform plans to use the proceeds of the Series A funding round to accelerate growth in Saudi Arabia
Central banks in the GCC usually track the Fed’s policy rate moves as their currencies are pegged to the US dollar
Saudi tourism is set to surge with significant investments being made throughout the kingdom to enhance both religious and non-religious tourism
The agreement will see Amsa Hospitality develop a range of Accor’s economy and midscale brands while also acting as the third-party operator by leasing and franchising the assets
The steel manufacturing base has a designed annual capacity of 2.5 million tonnes of direct reduced iron and 1.5 million tonnes of steel plate