With no local gold to tap, unlike neighbouring Saudi Arabia, the UAE has to import gold from wherever it can, whether it be legitimately, smuggled with no questions asked, sourced from conflict zones, …
Stranded Indians expats in UAE to get free stay
Indian expats from Saudi Arabia and Kuwait, who are currently stranded in United Arab Emirates (UAE) in the wake of the Covid-19 pandemic-induced travel restrictions, are set to get free accommodation …
UAE clean energy firm signs $41m deal for new projects
UAE-based Yellow Door Energy has announced new renewables projects worth AED150 million ($41 million) in the region, including Jordan, Pakistan, Saudi Arabia, Bahrain and its home market. The projects …
Google brings its cloud business to Saudi Arabia via Aramco
The partnership gives Alphabet Inc.’s Google regulatory clearance to set up what it calls a “cloud region” in the kingdom, the companies said last week. Employees at Google have called on the company …
Trump administration pushes forward on $500 million weapons deal with Saudi Arabia
The Trump administration has formally notified Congress that it intends to sell nearly $500 million in precision bombs to Saudi Arabia, a transaction that is likely to fuel criticism from lawmakers …
Google is partnering with oil giant Aramco to access Saudi Arabia’s $10 billion cloud market
Google Cloud and Saudi Aramco will partner to deliver cloud infrastructure to Saudi Arabia, as Covid-19 accelerates rapid digital adoption in the Gulf.
Is Saudi Arabia eyeing a step into Russia’s backyard?
Orlen, Poland’s largest oil refiner, and Aramco, Saudi Arabia’s biggest producer, may be about to tie up a deal. That could have repercussions for Russia’s Rosneft — and Mr Putin’s coffers.
Saudi Firms Replace CEOs at Rapid Pace in Fourth Quarter
Some of Saudi Arabia’s listed companies are seeing key leadership roles reshuffled at a rapid pace, with about 10 CEOs replaced this quarter alone.
Saudi Arabia’s $360 Billion Wealth Fund Rejigs Leadership
(Bloomberg) — Saudi Arabia’s sovereign wealth fund overhauled some of its … chief executive officer of the country’s National Debt Management Center and adviser to the finance minister, will become …
Pakistan uses China’s financial assistance to repay Saudi loan
Islamabad has so far paid $2 billion to Riyadh after Saudi Arabia insisted on the repayment of the loan earlier this year in the wake of bilateral ties being strained over Pakistan’s efforts to forge …