Saudi EXIM bolsters trade ties between Saudi Arabia & Vietnam
A delegation from the Saudi Export-Import Bank (Saudi EXIM) concluded a visit to the Socialist Republic of Vietnam, that is aimed at discussing opportunities for mutual cooperation in the fields of export and import. Furthermore, the visit intends to enhance trade exchange, and economic growth between the two countries. The delegation held intensive meetings over […]
Project Management Institute strikes MoU with Saudi PIF
US-based Project Management Institute (PMI) has signed a strategic Memorandum of Understanding (MoU) with the Public Investment Fund (PIF), the Saudi Arabian sovereign wealth fund, during the PMI Global Summit 2023. PMI is the leading authority in project management, committed to advancing the project management profession to positively impact project success. It will empower professionals […]
THC signs $213.25m Murabaha loan facility with GIB
The Helicopter Company (THC), a Public Investment Fund firm and KSA’s premier provider of helicopter services, has signed a SR800 million ($213.25 million) Murabaha facility with Gulf International Bank (GIB), Saudi Arabia. “The funds from this loan facility will support THC’s ongoing investments in high quality cutting-edge aircraft and infrastructure and contribute to the development […]
Saudi Arabia expands investor e-visa to all countries
Saudi Arabia’s ministries of investment and foreign affairs have launched the second phase of issuing electronic business visit visas, according to the state-run news agency, Saudi Press Agency. The second phase of “visiting investor”e-visas will cover the rest of the countries of the world as part of the kingdom’s broader strategy to boost foreign direct investment. […]
Riyadh Air to announce narrowbody plane order in coming weeks
Riyadh Air will announce a deal to buy a “sizeable” number of narrowbody aircraft in the coming weeks, the startup airline’s chief executive said. Former Etihad Airways boss Tony Douglas is helping build a second carrier for Saudi Arabia which is set for take-off in 2025. He was hired in March to head up Riyadh Air, […]
Saudi Aramco Q3 profit falls 23% on lower crude oil prices, volumes
Saudi oil giant Aramco on Tuesday reported a 23 per cent fall in third-quarter net profit, marginally beating analyst estimates, on lower crude oil prices and volumes sold. Net profit declined to $32.6bn for the quarter to September 30 from $42.4bn a year earlier. The Saudi oil giant said the decline in oil prices and […]