CAIRO (Reuters) – Two drones followed a merchant vessel in the Red Sea, west of Saudi Arabia’s Jizan, in a suspicious approach, but the ship continued its journey safely, the United Kingdom Maritime …
‘Strings attached’: Saudi Arabia steps up demands in tech deals with China
Alibaba and SenseTime secure huge joint ventures in Gulf kingdom but agreements come with stringent requirements …
UPDATE 2-Saudi Arabia sees medium-term non-oil growth at over 5%, below previous estimate
By Alexander Cornwell and Pesha Magid RIYADH, Feb 19 (Reuters) – Saudi Arabia’s non-oil growth is expected to come in above 5% in the medium term, Finance Minister Mohammed Al Jadaan said on Monday, …
ROSHN participates at the GFC MENA Capital Markets & ESG Finance event as Gold Sponsor
RIYADH: ROSHN Group, Saudi Arabia’s leading real estate developer and a PIF-owned giga-project, was a gold sponsor and participant at the GFC MENA – Capital Markets & ESG Finance Event, which took …
Finance in place for 4.5GW Saudi solar schemes
The three projects, located in the central and northern regions of Saudi Arabia, include: The projects together cost an estimated SR12.8bn ($3.4bn). According to Acwa Power’s recent bourse filing, the …
Saudi Arabia exempts global firms from 30 years of income tax
In a new step towards attracting foreign investments and global companies, the Saudi Arabian official Gazette has announced the kingdom’s pla …
Is Saudi Arabia Taking Over Electric Motorsports?
Saudi Arabia has hosted high-profile boxing events and tried to … is a purely financial one and a dead end for developing decarbonized transport. “We are a business,” says Agag. “We have business …
Türkiye, Saudi Arabia to boost cooperation with new deals inked
With new agreements inked, including a partnership in technology transfer between a Turkish defense company and a firm from Saudi Arabia, along …
Saudi Arabian conglomerate Ajlan eyes ‘mega deals’ with Chinese companies in tech, new energy, petrochemical sectors
The firm began diversifying its business in China in 2017, with the aim of bringing top Chinese companies to Saudi Arabia. The conglomerate’s commitment and investment serve as an endorsement of the …
Jared Kushner defends Trump business dealings with Saudi Arabia
Jared Kushner defended his business dealings with Saudi Arabia after leaving government service. Kushner said, “If you ask me about the work that that we did in the White House, for my critics, what I …