Saudi Arabia & Uruguay discuss ways to support bilateral cooperation
Saudi Arabia’s Minister of Investment Eng. Khalid Al-Falih met a number of ministers in Uruguay during his visit to the country. This visit comes within Eng. Al-Falih’s visit to Latin America to improve the investment relations, and review the existing strategic partnership between Saudi Arabia and the countries of Latin America. This is in addition […]
SFD inks $77mn loan deal for construction of solar energy plant in Belize
The Saudi Fund for Development (SFD) has signed a new development loan agreement worth $77 million in order to fund the “Construction of the Solar Energy Plant Project” in Belize, through SFD. This agreement is part of SFD’s efforts to support sustainable development in developing countries and Small Island Developing States (SIDS). The loan will […]
1st phase of Diriyah’s masterplan receives Leed for Cities Certification
Saudi-based Diriyah Gate Development Authority (DGDA) has been awarded Platinum Level Leed for Cities Certification by the US Green Building Council (USGBC) for the first phase of its masterplan.This is the first time a project in the Middle East received this accreditation in Leed for Cities and Communities. Platinum certification is the highest level within […]
Saudi Aramco awards oil field drilling contracts to US-based SLB
Saudi Arabia’s energy giant, Aramco has awarded a contract to the US-based global oilfield services company SLB, to provide directional drilling services for some of the world’s largest oil and gas fields in the kingdom. On both land and offshore, SLB will deliver directional drilling and digital drilling solutions and logging-while-drilling services, said the company […]
Saudi Fund inks $75mn loan agreement with Saint Lucia
Saudi Fund for Development (SFD) has signed its first development loan agreement worth $75 million with Saint Lucia in order to fund the “Reconstruction and Rehabilitation of St. Jude Hospital Project”.This agreement is part of SFD’s efforts to support sustainable development in developing countries and Small Island Developing States (SIDS). Furthermore, the signing marks SFD’s […]
Saudi Arabia & Monaco sign MoUs to develop coastal tourism in Red Sea
The Saudi Red Sea Authority (SRSA) has signed two Memorandums of Understanding (MoUs), with Prince Albert II of Monaco Foundation and Monaco Yacht Club, aiming to develop coastal tourism in the Red Sea.The signing of the agreements aligns with SRSA’s mandate to regulate the navigational activities of cruise ships and yachts, as well as to […]
IHG Hotels & Resorts to open Middle East’s 1st Regent Hotel in Saudi Arabia
IHG Hotels & Resorts, one of the world’s leading hospitality companies, has signed a management agreement with Almuhaysin Group in order to open Middle East’s first Regent Hotel in Saudi Arabia. Regent Jeddah will provide uninterrupted views of the Corniche and Jeddah’s Formula 1 racetrack, setting a new standard for modern ultra-luxury in Saudi Arabia. […]
Noon launches P2P payments service, noon Pay for users in UAE & Saudi
noon.com, the Middle East’s leading digital platform, has launched noon Pay, a peer-to-peer (P2P) payments service designed to transform the way people transfer money to others. With its innovative approach to mobile payments, noon Pay brings unprecedented convenience, security, and flexibility to users in the Kingdom of Saudi Arabia and the UAE. noon Pay is […]
Saudi Central Bank & Hong Kong Monetary Authority explore bilateral ties
The Saudi Central Bank (SAMA) has explored bilateral relations with its international counterpart, Hong Kong Monetary Authority (HKMA). The two sides discussed a number of initiatives to strengthen collaboration in several common areas, including financial infrastructure development, open market operations, monetary policy, and Fintech. Both parties shared their experiences in research, development and innovation, highlighting […]
JOSLOC inks distribution deal with Leha for Agriculture and Transportation
Aljomaih and Shell Lubricating Oil Company (JOSLOC) has entered into a partnership with Leha for Agriculture and Transportation Company in order to provide oils for Leha’s agricultural equipment and their transportation services. Leha Transport and Agriculture Company is one of the largest Saudi companies in the agricultural and transportation sector. It began its journey of […]