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 the kingdom. As cyber threats continue to increase in frequency and sophistication, it is crucial for businesses to ensure their data is protected and 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 brands. To begin the partnership, Farm Fresh, the leading brand under the portfolio of GMG’s food brands will feature MBC Group’s beloved ‘Fananees’ characters on […]
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 Company (HAPCO), a joint venture between Aramco (30 percent), NORINCO Group (51 percent) and Panjin Xincheng Industrial Group (19 percent), is developing the complex that […]
Saudi credit ratings get top upgrade with stable outlook
The world credit rating agency S&P Global Ratings updated its credit report for the Kingdom of Saudi Arabia, raising its long and short-term foreign and local currency sovereign credit ratings to ‘A/A-1’ with stable outlook, the Saudi Press Agency (SPA) reported today. The agency indicated in its report that this rating upgrade is a result […]
S&P, Moody’s positive on Saudi Arabia’s non-oil reforms
S&P Global on Friday raised its sovereign rating on Saudi Arabia to “A/A-1”, citing expected reform and diversification plans to boost development of the kingdom’s non-oil sector and shift dependence away from oil. Rival ratings agency Moody’s also said that Saudi Arabia’s plans will support it amid volatile oil price cycles and a global transition […]
Saudi Arabia, UK hold new session of strategic aid dialogue in London
Within the framework of the Strategic Aid Dialogue for Development and Humanitarian Aid between Saudi Arabia and the United Kingdom, the 2nd session entitled “Humanitarian Aid” was held on Thursday in London with the participation of a number of officials from both sides. During the session, the current humanitarian cooperation between the two sides […]
Investment Minister: Saudi Arabia is one of the most attractive markets for investment
The Investment Minister, Khalid Al-Falih, has emphasized that the Kingdom of Saudi Arabia has made significant progress in implementing its ambitious Saudi Vision 2030, having already achieved half of its objectives. The country is on track to double the size of its economy and diversify its investment areas, aiming to become one of the world’s […]
Saudi Arabia seeks to have 3 cities among top 100 global cities in terms of life’s quality
Saudi Arabia is seeking to have 3 cities among the top 100 global cities in terms of quality of life, Minister of Municipal, Rural Affairs and Housing Majed Al-Hogail said. During the National Transformation Forum, which is being held in Riyadh, he said that Saudi Arabia is now among the best 17 economies in […]
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 8 March, was made on the company’s official twitter account. Additional details weren’t shared but Taipei-headquartered TFC is a producer of various types of fertilisers and […]
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 at 4.29 million, falling 11.4 percent year-on-year and 2.5 percent per cent month-on-month. For 2022, domestic sales remained unchanged at 52.18 million tonnes, compared to […]