Oil prices mostly flat as Antony Blinken visits Riyadh
Oil prices were little moved in early trading on Tuesday, as market participants assessed a visit to the Middle East by US Secretary of State Antony Blinken to discuss a ceasefire offer in the region. Secretary Blinken in Riyadh Blinken met Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman on Monday in Riyadh. […]
Jeddah Central signs SAR12bn contract to develop architectural landmarks
The Jeddah Central Development Company signed four construction contracts worth SAR12bn for three major architectural landmarks, including the Stadium, the Opera House and the Oceanarium, in addition to the infrastructure construction work for the first phase of the Jeddah Central destination, reported Saudi Press Agency (SPA). The CEO of the Jeddah Central Development Company, Ahmed bin […]
Crown Prince meets Blinken in Riyadh; discuss regional situation
Saudi Crown Prince and Prime Minister Mohammed bin Salman met with US Secretary of State Antony Blinken in Riyadh on Monday. During the meeting, they discussed the regional developments and the efforts made to address them so as to achieve security and stability of the region. The leaders also reviewed various aspects of bilateral relations […]
SR12 billion contracts awarded to build stadium, opera house and oceanarium in Jeddah
Eng. Ahmed Al-Sulaim, CEO of the Jeddah Central Development Company (JCDA), signed four contracts for the construction of three landmark architectural projects in the Jeddah Central Destination. They are a sports stadium, opera house, and oceanarium in addition to phase one infrastructure and utilities work in downtown Jeddah. The contract signing ceremony was held at […]
Saudi companies to manufacture parts for Lockheed’s THAAD defense system
The US defense and aerospace company Lockheed Martin has signed agreements for Saudi Arabian companies to manufacture parts of its Terminal High Altitude Area Defense (THAAD) system, the company announced on Monday. “These sub-contracts will enhance manufacturing capabilities in Saudi Arabia and transfer expertise to strengthen the country’s defense industry,” Lockheed said in a statement. […]
Saudi Aramco & DHL Supply Chain launch JV company ‘ASMO’
Aramco, one of the world’s leading integrated energy and chemicals companies, and DHL Supply Chain (DHL), a global leader in contract logistics, have formed a joint venture company, ASMO (Advanced Supply Management Operations), a new Procurement and Logistics Services Hub in Saudi Arabia. ASMO intends to meet the growing demand for more sustainable and efficient […]
Saudi Arabia explores strengthening media cooperation with Egypt
Saudi Arabia’s Minister of Media, Salman bin Yousef Al-Dosari, has discussed ways to bolster collaborative media efforts between the Kingdom and the Arab Republic of Egypt during his official visit to Egypt alongside various senior officials. The meeting transpired in the New Administrative Capital, where Al-Dosari was welcomed by the Egyptian Prime Minister, Dr. Mostafa […]
Saudi Arabia, Swiss Fund to launch billion-euro zero-emissions investment initiative
In a move towards bolstering investments in zero-emissions projects, Saudi Minister of Investment Eng. Khalid Al-Falih announced a collaboration with a Swiss fund aimed at launching financing initiatives in the debt market. This partnership is set to mobilize billions of euros, showcasing Saudi Arabia’s commitment to becoming a leading destination for sustainable investment. Al-Falih made […]
Prince Khalid bin Salman launches locally assembled new Hawk jet
Saudi Minister of Defense Prince Khalid bin Salman inaugurated on Sunday the new identity for the fleet of Hawk aircraft on the occasion of the 25th anniversary of its founding. On the occasion of the rolling out of the latest jet Hawk aircraft assembled in Saudi Arabia, the minister said on his X account: “I […]
Payout rate set at 5.64% as subscription for first individual savings product Sah begins
Saudi Arabia started subscription to the first Shariah-compliant, government-backed savings product for individuals namely Sah on Sunday Feb. 4. The payout rate for the first issue is determined at 5.64 percent, and the subscription period will end at 3 p.m. on Tuesday, Feb. 6. The Saudi Ministry of Finance and the National Debt Management Center (NDMC) […]