Saudi FM arrives in Kuwait on official visit
Saudi Foreign Minister Prince Faisal bin Farhan arrived in Kuwait on Sunday as part of an official visit to the country. He was greeted on arrival by his Kuwaiti counterpart Abdullah Ali Al-Yahya and the Kingdom’s ambassador to Kuwait Prince Sultan bin Saad bin Khalid. ARAB NEWS
Lenovo to establish tech and manufacturing hub in Saudi Arabia
Lenovo Group Limited has announced a significant expansion in Saudi Arabia, including the establishment of a tech and manufacturing hub, as part of a Strategic Collaboration Framework Agreement with Alat, a Public Investment Fund (PIF) company. This move aims to enhance Lenovo’s global presence and support the Kingdom’s shift towards sustainable manufacturing aligned with its […]
OMODA 5 sets new safety benchmarks, secures E-NCAP and A-NCAP global 5-star safety certification
The automotive industry has never before been at the convergence of so many technological revolutions. Electrification and the intelligent revolution are carving out a new track. Regardless of how the track changes, building automobiles still requires a solid industrial foundation and craftsmanship to go further. In recent years, OMODA, a favorite among the global Z […]
PIF crowned world’s most valuable sovereign wealth fund brand
PIF is the most valuable sovereign wealth fund (SWF) brand, with a brand value of $1.1 billion, according to new data from Brand Finance. The Public Investment Fund (PIF) leads among SWFs, driven by its investment strategy and high trust in its name, emerging as one of the strongest brands globally in the sovereign wealth […]
Lucid Group, EVIQ partner to enhance high-speed EV charging infrastructure in Saudi Arabia
Lucid Group alongside Electric Vehicle Infrastructure Company (EVIQ), announced on Wednesday a strategic Memorandum of Understanding (MoU) aimed at revolutionizing the electric vehicle (EV) charging landscape in Saudi Arabia. This collaboration is set to develop high-speed public charging stations across the Kingdom, facilitating easier access to charging solutions and supporting the wider adoption of EVs. […]
Saudi Awwal Bank recognised for excellence in sustainability, wins ‘Best Bank for ESG’ award second year in a row
Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom of Saudi Arabia, was awarded Euromoney’s “Best Bank for ESG” award for the second consecutive year. The award recognizes SAB’s approach to sustainability and reporting. It comes as part of SAB’s efforts to align with market best practices while being a key contributor […]
Saudi Railways announces increased seating capacity of Haramain High-Speed Train for Hajj season
Saudi Arabia Railways on Wednesday announced the readiness of the Haramain High-Speed Railway to receive pilgrims for this year’s Hajj season and said it has increased the number of available seats by about 100,000. SAR revealed its operational plan for the season at its five stations linking Makkah to Madinah, bringing the total number of […]
Saudi Arabia predicted to lead IPO drive in MENA: report
Saudi Arabia will lead the initial public offerings in the Middle East and North Africa region in 2024, with 27 companies eyeing to list on the Kingdom’s main market, an analysis showed. In its latest report, Dubai International Financial Center, in association with the London Stock Exchange Group, said that the IPO pipeline in the […]
PIF’s SRC extends refinancing agreement with ANB with additional $133m
Citizens will have easier access to home loans as the Saudi Real Estate Refinance Co. extends its refinancing agreement with Arab National Bank (ANB), adding SR500 million ($133 million). This is the second deal of its kind between the Public Investment Fund-owned SRC and ANB, according to a statement. This move signifies SRC’s ongoing efforts […]
Johnson Controls Arabia to localize Japanese technology to support growing exports
While many perceive Saudi Arabia solely as an oil exporter, the truth is that its economy is already diversified and will further diversify under the Saudi Vision 2030 plan of Crown Prince Mohammed bin Salman. Johnson Controls Arabia, a joint venture company with Johnson Controls International — a US Fortune 500 company — and Al […]