India’s crude oil imports from Saudi Arabia surges
India’s appetite for cheap Russian oil imports took a breather in August as monsoon rains dampened demand and refiners scheduled routine maintenance works. The world’s third largest crude consumer reduced oil imports from Moscow for the third consecutive month in August to 1.57 million barrels a day, down 24 per cent on the month and […]
Jada Fund collaborates with Aliph Capital to support Saudi SMEs
Jada Fund of Funds Company, a Saudi Arabia PIF-owned company, has strategically partnered with GCC-led investment manager, Aliph Capital, to support Small and Medium-sized Enterprises (SMEs). Under the partnership, Jada will invest in “Aliph Fund I,” a buyout fund managed by Aliph Capital. The move reinforces Jada’s commitment to supporting SMEs in the Kingdom of […]
Saudi Arabia launches ‘Fuel’ program
Saudi Arabia’s Ministry of Communications and Information Technology and the global online learning platform Coursera, in cooperation with the National eLearning Center, have launched the ‘Fuel’ program to provide training on skills for jobs of the future. Under the program, a total of 100,000 Saudi citizens will receive training during the first year. Through this […]
Red Sea Global joins World Travel & Tourism Council
the Red Sea Global (RSG), the developer behind two of the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala, has joined the World Travel & Tourism Council (WTTC) as a destination partner. WTTC is the global authority on the economic and social contribution of travel and tourism. It promotes sustainable growth for […]
SAUDIA Group allocated 1.2 million seats for 2023 Hajj season
SAUDIA Group has revealed its operational performance during the peak of the summer travel season from May 21-August 2, 2023, which included this year’s Hajj season. During this period, it allocated more than 1.2 million seats for Hajj pilgrims, operating 79,000 flights. Its fleet flew an average of half a million hours, while recording an […]
Riyadh Air to support inclusion of Saudi nationals in aviation workforce
Saudi Arabia’s Riyadh Air, the newly launched national carrier of Saudi Arabia, has signed a Memorandum of Understanding (MoU) with the Colleges of Excellence (CoE) to support the inclusion of Saudi nationals in the aviation workforce. CoE, established by the Technical and Vocational Training Corporate (TVTC) in Saudi Arabia, provides training services in the kingdom. […]
Roshn unveils Marafy, to redefine urban living in Jeddah
In a significant stride towards enhancing Saudi Arabia’s real estate landscape, Roshn Group and the Public Investment Fund (PIF) have jointly launched Marafy, a modern mixed-use development poised to redefine urban living in the north of Jeddah. The development is projected to accommodate over 130,000 residents. It boasts a groundbreaking 11-kilometre-long manmade canal at its heart. […]
Saudi PIF, holders to offer 30% stake in oil driller ADES IPO
Saudi Arabia’s sovereign wealth fund, ADES Investments Holding and Zamil Group Investment plan to sell shares in oil and gas driller Ades International Holding in a local initial public offering (IPO), set to be one of the kingdom’s biggest this year. The offering will consist of 338.7 million shares, or a 30 per cent stake […]
Saudi Arabia launches real estate platform to support owners, buyers
Saudi Arabia has launched a new platform to boost the country’s real estate sector. The platform facilitates real estate transactions and provides various e-services for property owners and buyers. Saudi Justice Minister Walid Al-Samaani inaugurated the ‘Real Estate Market’ platform in Riyadh on August 27. “The real estate market aims to enhance customer experience and […]
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 […]