‘Polarisation in global dialogues threatens investments – KBW Ventures CEO
Extreme polarisation is permeating global dialogues, Prince Khaled bin Alwaleed, founder and CEO of KBW Ventures, told the Catalytic Philanthropy Forum in Abu Dhabi while discussing impact investing as a means for social good. He stressed that this was a risk seen through the lens of investing, in addition to lack of measured discourse and […]
Saudi-China deal sheet: Major agreements to boost two-way investments
China and Saudi Arabia have signed 35 investment agreements worth about $30 billion, during Chinese President Xi Jinping’s visit to the Kingdom, according to local media reports and press statements. The deals include several sectors such as green energy, technology and cloud services, transportation, logistics, medical industries, construction, and manufacturing. The agreements include the first […]
NCM: Rain to continue until Thursday; torrential rain may hit coastal areas of Makkah
The National Center of Meteorology (NCM) announced that Makkah and most other regions of Saudi Arabia would continue to receive moderate to heavy rains from Monday to Thursday, with the possibility of torrential rain and flash flooding on the coastal areas of Makkah. In its weather report, the center stated that the rainy weather condition […]
SAMI chief: Saudi Arabia to manufacture drones locally
Eng. Walid Abukhaled, CEO of the Saudi Arabian Military Industries (SAMI), said that the Kingdom is working on manufacturing drones locally, taking into account their significance in the current scenario. In his speech at the Saudi Budget Forum 2023, organized by the Ministry of Finance, here on Monday, he said: “If we look at globally, […]
Aramco Gulf Operation, Kuwait’s KGOC to develop Durra gas field
Saudi Aramco Gulf Operations Company has signed a memorandum of understanding (MoU) with Kuwait Gulf Oil Company (KGOC) to develop the joint Durra natural gas field, Reuters reported on December 11th, citing Saudi news agency (SPA). The MoU aims at producing 1 billion cubic feet of natural gas and 84,000 barrels of liquefied natural gas […]
Olive Rock Partners secures backing from Jada Fund of Funds
Olive Rock Partners, an independent GCC-focused private equity firm, founded and led by Muhannad Qubbaj and Abdullah Shahin, has secured backing from Saudi Arabia for their maiden private equity fund, Olive Rock Partners Fund I. Jada, a fund of funds, established by PIF, Saudi Arabia’s Wealth Fund to seed venture and private equity firms investing in the […]
SAFCSP and Informa launch ‘Tahaluf’ joint venture to support Saudi Vision 2030
RIYADH, Saudi Arabia /PRNewswire/ — SAFCSP and Informa, the world’s largest tradeshow organiser, today announced the formation of a new joint venture, ‘Tahaluf’, to support the Kingdom’s Vision 2030 objective of diversifying its economy and creating high value employment opportunities for Saudi citizens. By launching the Tahaluf joint venture with Informa, SAFCSP extends its […]
Ministry of Commerce and Capital Market Authority publish the draft implementing regulations of the new companies law for public consultation
The Ministry of Commerce (“MC”) and the Capital Market Authority (“CMA”) announced publishing the Draft Implementing Regulations of the New Companies Law for public consultation for a period of fifteen (15) calendar days. The Draft comes pursuant to the issuance of the New Companies Law and based on the authority the Law grants to the […]
HRH Prince Mohammed bin Salman announces Sindalah, NEOM’s first island development
His Royal Highness Mohammed bin Salman, Crown Prince, Prime Minister and Chairman of the NEOM Company Board of Directors, has announced the development of Sindalah, the first luxury island destination in NEOM and one of the most important projects supporting Saudi Arabia’s national tourism strategy. A main gateway to the Red Sea offering bespoke nautical […]
Saudi Crown Prince: Arabs will race for progress and renaissance
Wrapping up the Arab-China Summit for Cooperation and Development,Crown Prince and Prime Minister Mohammed bin Salman reiterated on Friday the resolve of the Arabs to strive for their progress and prosperity. “We assure the whole world that the Arabs will race for progress and renaissance once again. We will prove that every day,” he […]