Saudi, Korean business ties to grow with official visit
Saudi-Korean trade is set to see a significant boost as a delegation from the Kingdom, led by the minister of commerce, heads to Seoul. Taking place from July 29 to 31, the gathering will see Majid Al-Qasabi alongside representatives from 10 government entities and 55 senior business leaders and executives from major national companies. The visit’s […]
Saudi Arabia seeks stronger ties with Brazil in mining sector
A high-level Saudi delegation continued discussions in Brazil on Sunday to enhance bilateral ties and advance Saudi Arabia’s mining sector. On July 28, Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef visited Vale’s Carajas mines, where he was briefed on advanced technologies used in mineral extraction and processing, including remote mine management and driverless […]
Saudi Investment Ministry to assist Hail region achieve full economic potential
Saudi Arabia’s northern province of Hail is set to attract increased investments due to its strategic and logistical importance, as emphasized by the region’s governor. Hail Gov. Prince Abdulaziz bin Saad highlighted the pivotal role of the Ministry of Investment in fostering performance that aligns with the nation’s broad growth objectives. This statement was made during […]
Saudi insurance sector to consolidate as Buruj and MedGulf sign merger deal
The Saudi insurance sector is set for consolidation as two leading firms signed a non-binding memorandum of understanding to explore a potential merger. The MoU between Buruj Cooperative Insurance Co. and the Mediterranean and Gulf Insurance and Reinsurance Co., known as MedGulf, aims to establish a framework for the strategic transaction through a share exchange […]