Economy
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Ministry of Industry and Mineral Resources: 377 Mining Complexes and 35 Mineral Belts in KSA
Ministry of Industry and Mineral Resources: 377 Mining Complexes and 35 Mineral Belts in KSA
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Jeddah Islamic Port Receives 60,000 Tons of Grain to Bolster Food Security in KSA
The bulk carrier “SARA”, belonging to the "Bahri" company, arrived at Jeddah Islamic Port from the Australian port of Banbury carrying 60,000 tonnes o...
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Saudi Stock Exchange Main Index Ends Trading Lower at 10701 Points
Saudi Stock Exchange's main index ended trading lower today, losing 81.94 points to close at 10701.79 points.
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TAQA closes the transaction of acquiring 100% of Al Mansoori Petroleum Services to expand to the Middle East, North Africa, Central Asia, and Eastern Europe
The Industrialization and Energy Service Company ("TAQA") announced today the closure of its 100% acquisition of Al Mansoori Petroleum Services ("AMPS...
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ACWA Power’s Sukuk programme achieves record competitive pricing in Saudi Arabia with 2.2.x oversubscription
ACWA Power Company, a publicly listed company on the Saudi Arabian Tadawul stock exchange (ACWA Power: 2082) and a leading Saudi developer, investor,...
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Modon Signs Partnership Agreement to Establish, Develop, Operate 14 Warehouses in Jeddah
The Saudi Authority for Industrial Cities and Technology Zones (Modon) yesterday signed a partnership agreement to establish, develop and operate 14 w...
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British cybersecurity firm NCC Group to cut workforce by 7%
Cyber security firm NCC Group said on Thursday it plans to cut more than 125 jobs as part of an ongoing strategic review, while flagging tough market...
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Shell makes record US$40 billion annual profit
Shell delivered a record US$40 billion profit in 2022, the energy giant said on Thursday (Feb 2), capping a tumultuous year in which a surge in energy...
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Dollar tumbles as Fed says disinflation in play
The dollar slid on Thursday after the U.S. Federal Reserve said it had turned a corner in the fight against inflation, giving markets a boost in confi...
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Ukraine is using Palantir's software for 'targeting,' CEO says
Data analytics company Palantir is "responsible for most of the targeting in Ukraine," Chief Executive Alex Karp said Wednesday, elaborating on the U....
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Huawei partners with stc tv to bring next-gen digital entertainment to Huawei users across the MENA region
Huawei, the global tech giant, is collaborating with stc tv, its regional partner to bring users across the Middle East and North Africa an enhanced i...
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Saudi Central Bank Raises Rates of Repo and Reverse Repo Agreements
The Saudi Central Bank decided to raise the rate of the repo agreement by 25 basis points to 5.25%, and to raise the rate of the reverse repo agreemen...
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Saudi Central Bank Licenses New Debt-Based Crowdfunding FinTech Company
Saudi Central Bank Licenses New Debt-Based Crowdfunding FinTech Company
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STARZPLAY and WATCH IT enter a strategic partnership to bring the best of Arabic, Hollywood and Anime entertainment under one subscription
STARZPLAY, ranked consistently among the region’s top three subscription video on demand services, today announced its multi-year partnership with WAT...
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Saudi Arabia Ranks Top 10 Globally for Superior Digital Government Services
Strong adoption and delivery, and higher implications for emerging digital government services have placed the Kingdom of Saudi Arabia (KSA) in 7th p...
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Hong Kong business delegation visits Saudi Arabia to unlock new opportunities for collaboration
A delegation led by Mr John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China, and organis...