Mawani & SGP deal for new logistics park at King Abdulaziz Port
The Saudi Ports Authority (Mawani) and Saudi Global Ports (SGP) have inked a deal to build a fully integrated logistics park spanning over 1 million square meters at King Abdulaziz Port in Dammam, with an investment nearing $266 million. The agreement was signed in the presence of HRH Prince Abdulaziz bin Salman bin Abdulaziz Al […]
Elm & NeXplain Solutions to foster technological and consulting services
Elm, a leading digital solutions company, has signed a memorandum of understanding (MoU) with NeXplain Solutions, a Spanish company that specializes in providing smart business solutions and digital consulting. The partnership marks the beginning of a dynamic partnership that fosters effective technological and consulting services. The partnership serves as a roadmap for collaboration to provide […]
EFG Hermes completes advisory on landmark $1.21bln IPO of ADES on the Saudi Exchange
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division successfully completed advisory on the landmark SR4.572 billion ($1.219 billion) initial public offering (IPO) of ADES Holding Company (ADES), a leading oil and gas drilling and production services provider in MENA, on the Saudi Exchange. […]
Saudi: SIRC, Edama enter partnership on organic waste management, Desert Agriculture Development
The Saudi Investment Recycling Company SIRC, wholly owned by the Public Investment Fund (PIF), entered into a strategic partnership with Edama Organic Solutions, the leading company in sustainable management solutions for organic waste. The cooperation aims to create a new joint company dedicated to revolutionizing organic waste recycling in the Kingdom. The joint project is […]
Red Sea Destination officially launches Saudi’s first seaplane company
Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations – The Red Sea and Amaala – celebrated the take-off of its first seaplane flight operated by its subsidiary company, Fly Red Sea. Established as the first seaplane company in the Kingdom of Saudi Arabia, Fly Red Sea aims to […]
Saudi energy minister: need to be proactive on oil market
Saudi Energy Minister Prince Abdulaziz bin Salman said in a Russian TV interview that it was necessary to be “proactive” on the oil market and attempt to bring stability to it. He said in the interview, conducted on Wednesday and aired on Thursday, that the market was unpredictable and “cannot be left on its own”. […]
Russia, Saudi Arabia eye mutual trade boost – ministers
Saudi Energy Minister Prince Abdulaziz bin Salman and Russian Deputy Prime Minister Alexander Novak said on Thursday that both countries seek closer trade ties. Novak also said that Russia and Saudi Arabia have discussed lifting mutual visa restrictions.
Saudi Arabia keen to become international hub for green minerals processing: minister
The Kingdom of Saudi Arabia has set policies and built infrastructure to become a regional and global hub for green minerals processing, said Vice Minister of Industry and Mineral Resources for Mining Affairs Khalid bin Saleh Al-Mudaifer. The Kingdom will achieve this by utilizing its strategic position, advanced infrastructure, and high local demand, Al-Mudaifer said […]
Saudi foreign minister meets his Czech counterpart
Saudi Arabia’s Foreign Minister Prince Faisal Bin Farhan met, on Monday, with his Czech counterpart Jan Lipavský, on the sidelines of the 27th GCC-EU Joint Council and Ministers Meeting, which was held in Muscat. During the meeting, the two foreign ministers reviewed the cooperation aspects between the two countries, in addition to ways of enhancing […]
Saudi: Governor of the Eastern region launches GCC-Iraq electricity project platform
Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Region, inaugurated the project platform for interconnecting the GCC Electricity Market with the Republic of Iraq at the headquarters of the GCCIA in Dammam today. The Eastern Region Governor stressed that the GCC electrical interconnection project aims to preserve energy security and enhance integration among […]