Mawani and Jeddah Chamber sign an agreement to build integrated logistics park
The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce and Industry have today inked an agreement to set up an integrated logistics park at Al Khumrah in the south of Jeddah at a cost of one billion riyals. The logistics development will further bolster Mawani’s role as a key player in the national […]
Saudi SABIC Agri-Nutrients’ 2022 net profit nearly doubles on higher sale prices, volume
Saudi Arabian fertilizers maker SABIC Agri-Nutrients Co.’s full-year 2022 net profit nearly doubled to 10 billion riyals ($2.7 million) as the company sold more products for higher prices. The net profit beats analysts’ mean estimate of SAR9.86 billion, according to Refinitiv data. Sales revenue also nearly doubled to SAR19 billion, the company said in a […]
Saudi-Croatia businesses agree to establish a joint business council
The Kingdom of Saudi Arabia and Croatia have agreed in principle to establish a joint business council under the umbrella of the Saudi Chambers, aiming to usher into new potentials of economic cooperation and facilitating continuous interaction between the business sectors of the two countries. This came during a meeting between Croatia’s former President […]
Toughlove Advisors expands into Saudi Arabia
TOUGHLOVE Advisors (TLA), the straight-talking advisory firm, has expanded the reach of its business with the launch of TLA to Kingdom of Saudi Arabia. Following the successful introduction of the firm in the UAE earlier in 2022, businesses across the Kingdom can now collaborate with a collective of multi-national-trained practitioners who are experts […]
DGDA named one of KSA’s top 10 best workplaces in 2023
The Diriyah Gate Development Authority (DGDA) has been recognized as one of KSA’s top 10 Best Workplaces for 2023 in the Large Enterprise category according to the Global Authority on Workplace Culture, which rigorously monitors and evaluates each nominated workplace’s culture, placing DGDA on its prestigious list for the second year in a row. This […]
Pfizer earns the Best Place to Work certification in Saudi for 2023
Pfizer Saudi, an affiliate of the global research-based biopharmaceutical company Pfizer, has recently been recognized as one of the best places to work in Saudi Arabia for 2023. During the assessment, the company received outstanding scores across several aspects of the workplace, including creating an environment that offers support, hospitality, and sense of pride […]
Saudi Arabia’s non-oil exports fell 24% in December
Saudi Arabia’s non-oil exports fell by over 24% year-on-year (YoY) in December 2022 to reach SAR22.7 billion riyals ($6.05 billion), data released by the General Authority for Statistics on Tuesday showed. Total exports during the month increased 1.1% YoY to SAR108.2 billion. This was due to higher oil exports, which rose by 11%, or SAR8.5 […]
Saudi Crown Prince launches strategic office to develop Northern Borders Region
Crown Prince and Prime Minister Mohammed Bin Salman announced on Monday the establishment of the strategic office for the development of Northern Borders Region. The office aims to enhance development in the cities and governorates of the region, improve the quality of life for its residents and visitors through investing in the region’s economic, natural […]
Saudi inflation ticks up to 3.4% in January
Saudi Arabia’s annual inflation rate inched up to 3.4% in January from 3.3% in December, with price rises again driven mainly by housing costs, government data showed on Wednesday. Housing, water, electricity, gas and other fuels, with a 25.5% weight of the consumer basket, the largest category, rose 6.6% from a year earlier. […]
Clarity AI signs MoU with the Saudi Tadawul Group
Clarity AI, a leading global sustainability tech platform, has signed a Memorandum of Understanding (MoU) with the Saudi Tadawul Group to educate companies in Saudi Arabia on sustainability topics. “Our mission is to bring societal impact to markets, and we are thrilled to be in an understanding to do that with the Saudi Tadawul […]