Saudi Aramco to acquire 10% stake in China’s Rongsheng Petrochemical
Saudi Aramco has signed definitive agreements to acquire a 10 percent stake in Shenzhen-listed Rongsheng Petrochemical Co. (Rongsheng) for $3.6 billion (24.6 billion Chinese Renminbi), fortifying its presence in China’s […]
CyberArrow, Mobily to boost cyber security compliance in Saudi Arabia
CyberArrow, a leading cyber security compliance automation provider, and Mobily, a major telecommunications provider in Saudi Arabia, have tied up to enhance cyber security compliance and awareness for businesses in […]
MBC Group in 3-year partnership with GMG food brands
MBC Group, a leading media company in the Middle East and North Africa (Mena), has announced a long-term licensing and media partnership with GMG, a global well-being company operating leading […]
Aramco JV to start work of $10bln petchem complex in China in Q2 2023
Saudi Aramco and joint venture partners NORINCO Group and Panjin Xincheng Industrial Group plan to start construction of an integrated refinery and petrochemical complex in northeast China. Huajin Aramco Petrochemical […]
Saudi’s Ma’aden signs blue ammonia supply deal with Taiwan Fertiliser Company
Saudi Arabian Mining Company (Ma’aden) announced the signing of an agreement to supply blue ammonia to Taiwan Fertiliser Company (TFC), the first ever commercial shipment to Taiwan. The announcement, dated […]
Saudi Arabia’s cement exports surge 67% in January 2023 – Aljazira Capital
Cement exports from Saudi Arabia surged 67.4 percent year-on-year to 638,000 tons in January 2023, Aljazira Capital said in its new report. In contrast, local sales for January 2023 stood […]
Saudi may privatise 300 public units
Oil giant Saudi Arabia is considering privatising nearly 300 public institutions within plans to expand the private sector’s role in the domestic economy, the Kingdom’s Finance Minister has said. Mohammed […]
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 […]
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 […]
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 […]
