World’s first zero-carbon 5G network unveiled at Six Senses Southern Dunes
The Red Sea Global (RSG), the developer behind The Red Sea and Amaala projects in Saudi Arabia, and telecom company Zain KSA have unveiled the world’s first zero-carbon 5G network at the Six Senses Southern Dunes resort at The Red Sea. RSG said that the zero-carbon 5G network, designed exclusively for The Red Sea, will […]
Saudi Arabia plans to issue $9.6bn in sukuk after buyback
Saudi Arabia has completed an early purchase of more than SAR35.7bn ($9.5bn) of outstanding debt and will issue about SAR35.9bn in sukuk , as the kingdom plans to bolster its domestic market. The government bought a portion of its debt instruments maturing in 2024, 2025 and 2026, the National Debt Management Center said in a […]
SIRC & flynas partner to recycle aircraft waste
The Saudi Investment Recycling Company (SIRC), owned by the Kingdom’s Public Investment Fund (PIF) and flynas, the national carrier and the leading low-cost airline in the world and the Middle East, have signed a memorandum of understanding (MoU) to explore partnership opportunities in sustainability to enhance efforts to create an advanced circular economy. The MoU […]
JOSLOC renews partnership with Al Wallan Trading
Aljomaih and Shell Lubricating Oil Company (JOSLOC) has renewed its strategic partnership with Al Wallan Trading in order to provide their service centers with Shell oil. According to the statement, “Through this successful partnership, Shell will supply Al Wallan’s service centers with Shell’s technically advanced lubricants; which make Shell oils the approved oils in their […]
Ma’aden renews deal to supply fertilizers to Bangladesh
The Saudi Arabian Mining Company (Ma’aden) has renewed its agreement with the Bangladesh Agricultural Development Corporation (BADC) to supply 600,000 tons of fertilizers to BADC. Ma’aden is the largest multi-commodity mining and metal company in the Middle East and the world’s second-largest exporter of phosphate fertilizer. BADC is a government-owned corporation that imports fertilizers under […]