Saudi Arabia’s Ministry of Economy and Planning and World Economic Forum’s UpLink launch food security challenge
On February 27, the Kingdom’s Ministry of Economy and Planning (MEP) launched the Food Ecosystems in Arid Climate Challenge in collaboration with the World Economic Forum’s UpLink and the Ministry of Environment, Water and Agriculture. Anchored in collaboration, the challenge is a global call for food entrepreneurs, start-ups, social ventures, and small to medium-sized enterprises […]
Bahri inks non-binding MoU with Suez Canal Authority for cooperation in establishing a joint venture
Driven by its commitment to exploring regional cooperation horizons to achieve its growth objectives and enhance its global position, Bahri, the national shipping company of the Kingdom of Saudi Arabia and a global leader in transportation and logistics, has signed a non-binding renewable six-month agreement with the Suez Canal Authority, an independent general Egyptian […]
$18.66mln surplus food in Makkah; benefits 19mln people
The director of Ikram association for food preservation in Makkah, Ahmed Al-Matrafi, has confirmed that surplus food in Makkah during 2022 amounted to SR70 million after being converted into main food for needy people in the region. He said that the association seeks to enhance food security, while reducing wasting of food. Ikram has […]
Boeing signs pact to develop titanium value chains in Saudi Arabia
Saudi industrial conglomerate Tasnee, Ministry of Investment (MISA) and Boeing have signed an Memorandum of Understanding to develop aviation grade titanium alloy value chains in Saudi Arabia. Tasnee produces about 15.5 kilotonnes of Titanium Sponge annually, or 10 percent of the global production, which is used in aviation, nuclear submarines, missiles and satellite industries, Tasnee […]
KAFD partners with Equinox for new hotel in Riyadh
The King Abdullah Financial District Development and Management Company (KAFD DMC) has signed an agreement to open an Equinox Hotel in Saudi Arabia’s prime financial district. Alongside Gautam Sashittal, KAFD DMC Chief Executive Officer, Equinox Hotels was represented by CEO, Christopher Norton in a signing ceremony held at KAFD. Equinox Hotels embodies a holistic […]
Zelensky meets Saudi FM, thanks him for Riyadh’s support
Saudi Arabia and Ukraine signed an agreement and a memorandum of understanding (MoU) for the provision of humanitarian aid, amounting to $400 million, to the war-stricken European country. This is in implementation of the pledge made by Crown Prince and Prime Minister Mohammed Bin Salman during his phone call with Ukrainian President Volodymyr Zelensky in […]
Saudi Jarir inaugurates $5.86mln showroom in UAE
Jarir Marketing Company (Jarir Bookstores) launched its first new showroom in 2023 in the UAE at a total investment of SAR 22 million, according to a bourse filing. Located in the University City area in the Emirate of Sharjah, the building spans 4,000 square metres and is set to include all the product range of […]
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 […]