Saudi Arabia inks energy cooperation agreement with Jordan
Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman and Jordan’s Minister of Energy and Mineral Resources Dr. Saleh Al-Kharabsheh have signed a cooperation agreement between the countries in the field of energy. The cooperation agreement was signed in a meeting held in Riyadh. During the meeting, they discussed the prospects of cooperation in various […]
Saudi plastic and petrochem firms taking part in Plastex 2024
Fifteen Saudi companies, specialising in the plastic and petrochemical industries, are participating in the 19th edition of plastics and rubber exhibition, Plastex 2024, being held at the Egypt International Exhibition Center in Cairo, a report said. The exhibition, where more than 500 companies from 50 Arab and other countries, are taking part, is showcasing modern […]
Deals worth $7bn signed on first day of FMF24 in Riyadh
The first day of the third edition of Future Minerals Forum (FMF) saw the signing of 20 agreements and memorandums of understanding worth a total of SAR27 billion riyals ($7 billion) between government agencies, companies and other organizations participating in the Forum. These included agreements connected with mining exploration, technology and communications, as well as […]
Roshn, Partanna to build carbon-negative concrete facility in KSA
Saudi Arabia’s premier real estate developer Roshn said it has entered into a partnership agreement with Partanna Arabia, a Riyadh-based climate technology company, for joint collaboration on the potential construction of a state-of-the-art carbon-negative concrete production facility. The facility is planned to initially deliver carbon-negative pavers, and has the potential to produce blocks, tile, precast […]
Turki Badhris appointed president of Microsoft Arabia, aiming to spearhead digital transformation
Microsoft has announced the appointment of Turki Badhris as President of Microsoft Arabia. Badhris will be responsible for leading Microsoft’s business in the Kingdom and driving the company’s innovation initiatives to accelerate digital transformation, in line with country’s Vision 2030. Microsoft Arabia operates with three offices, over 200 employees, and a network of more than […]
Hajj minister: 2023 witnessed record number of 13.55 million Umrah pilgrims
Minister of Hajj and Umrah Dr. Tawfiq Al-Rabiah announced on Monday that the number of pilgrims who have performed Umrah during the year 2023 reached a record number of 13.55 million. The increase in the number of Umrah pilgrims is estimated at five million or 58 percent while compared to the year 2019, he said. […]
Crown Prince emphasizes peace path restoration for Palestinian rights in Blinken meeting
Crown Prince and Prime Minister Mohammed Bin Salman met on Monday with the US Secretary of State Antony Blinken at the winter camp in AlUla. During the meeting, they reviewed aspects of bilateral relations between Saudi Arabia and the United States, and discussed areas of joint cooperation and ways to develop them to achieve mutual […]
Ministry partners with NEOM to boost energy innovation
In a strategic move to advance the energy sector, the Saudi Ministry of Energy led by Prince Abdulaziz bin Salman and NEOM, represented by CEO Eng. Nadhmi Al-Nasr, have formalized a memorandum of understanding (MOU) in Riyadh. The agreement aims to bolster collaboration in the energy field, focusing on the development of cutting-edge technologies. The […]
Saudi Crown Prince receives US senators at winter camp in AlUla
Saudi Crown Prince and Prime Minister Mohammed Bin Salman received several members of the United States Senate Intelligence Committee at his winter camp in AlUla on Saturday. The meeting included Senator Mark Warner, chairman of the Senate Intelligence Committee, Senator Angus King of Maine, Senator John Cornyn of Texas, Senator Kirsten Gillibrand of New York, […]
Saudi Exchange launches TASI50 Index, tracking Top 50 market cap companies
The Saudi Exchange Company has announced the launch of the TASI50 Index as of Sunday, Jan. 7, 2024. This newly introduced TASI50 Index is designed to track the performance of the top 50 companies by total market capitalization listed on the Saudi Exchange. The constituents of this index represent 90% of the free float market […]