California EV startup Lucid Motors gave up majority ownership to Saudi Arabia’s sovereign wealth fund in exchange for the $1.3 billion investment it closed last year, according to an email from the …
Saudi Arabia’s Largest Lender NCB To Acquire Smaller Rival Samba Financial
NCB will issue up to 1.54 billion new shares to Samba stockholders in the transaction The merger will also create a megabank with a lending portfolio worth $115 billion. Saudi Arabia’s largest bank by …
Saudi Lender NCB Weighs Deal for $13 Billion Rival Samba
National Commercial Bank, Saudi Arabia’s largest lender by assets, is exploring a deal to acquire rival Samba Financial Group in what could become the biggest banking takeover this year, people …
Saudi Arabia’s biggest lender NCB in merger talks with Samba
National Commercial Bank, Saudi Arabia’s biggest lender, said on Thursday it had signed an initial agreement with smaller lender Samba Financial Group to create a combined entity with almost $214 …
Trump announces new visa restrictions; Saudi Arabia planning only a limited Hajj; White House trade adviser walks back comments
US President Donald Trump temporarily suspended the issuance of new work visas for certain foreign workers on Monday, a move widely opposed by business groups. And, Saudi Arabia said it plans to allow …
GAC MOTOR officially launches into Saudi Arabia with the popular GS5 and GN6
RIYADH, SAUDI ARABIA / ACCESSWIRE / June 25, 2020 / On June 25th, 2020, GAC MOTOR unveils the fully upgraded GS5 & GN6 vehicles in an extraordinary “online press conference” in Saudi Arabia, and a …
India’s Mukesh Ambani says Saudi Arabia is putting sustainability on global agenda
The billionaire chairman of India’s Reliance Industries Mukesh Ambani said Thursday that Saudi Arabia and its G20 summit are putting sustainability and green initiatives on the global agenda. Ambani …
Dony Mask – Wholesale face mask supplier exporter to GGC Countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE)
Our products are distributed worldwide to America, Europe, Australia, Asian, especially to GGC countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE)). Today, the air …
Smoke seen, explosions heard over Riyadh, Saudi Arabia
Amid reports that Yemen’s Houthi militia had targeted Saudi cities with ballistic missiles, smoke was seen rising what appeared to have been a midair explosion.
Yemen’s Houthi rebels fire missile and drone strikes on Saudi capital
Yemen’s Houthi rebels fired drone and ballistic missiles Tuesday toward Saudi Arabia’s capital, Riyadh. The attacks targeted the Saudi defense ministry and intelligence along with an air base, a rebel …