Riyadh January 23, 2024 SPA His Excellency the Chairman of the Board of the Capital Market Authority, Mr. Mohammed bin Abdullah Al-Quwaiz, confirmed that there are large financing requirements to transform ambition in the real estate sector into reality, especially in light of housing programs, ambitious plans for ownership, and …
Read More »Saudi Energy Minister Meets Bulgaria Deputy Prime Minister
Riyadh, January 24, 2024, SPA Prince Abdulaziz bin Salman bin Abdulaziz, Saudi minister of energy, held a meeting today in Riyadh with Republic of Bulgaria Deputy Prime Minister and Minister of Foreign Affairs Mariya Gabriel. Both sides addressed bilateral relations in various energy fields and discussed ways to enhance cooperation. …
Read More »“Emaar” is in discussions to develop a residential project in Saudi Arabia
September 29 Emaar Properties is exploring opportunities to establish residential complexes in the Kingdom of Saudi Arabia, which is witnessing a construction boom. The company is in talks with the Ministry of Housing in the Kingdom to build large mixed-use projects, according to Emaar founder Mohamed Alabbar, and reported …
Read More »Quantitative leaps achieved by the Saudi economy with Saudi Vision 2030
586.75 billion dirhams, the volume of trade between the UAE and Saudi Arabia in 5 years
Abu Dhabi on September 22 The volume of trade exchange between the UAE and the Kingdom of Saudi Arabia grew by 28% during 2022, recording 137.51 billion dirhams, compared to 107.41 billion dirhams in 2018, bringing the total non-oil trade between the two countries to 586.75 billion dirhams over …
Read More »Saudi Arabia and Russia agree to continue efforts to stabilize energy markets
September7 th Saudi Crown Prince Mohammed bin Salman and Russian President Vladimir Putin agreed on Wednesday to continue efforts to stabilize global energy markets. A phone call took place between Prince Mohammed bin Salman and Putin, during which the bilateral relations between the two countries and opportunities for developing them …
Read More »The Investment Fund buys Saudi Steel and merges it with Al Rajhi Steel. It acquires SABIC’s stake for 12.5 billion riyals.
September 3 Saudi SABIC announced the sale of its entire stake in Saudi Hadeed Company to the Public Investment Fund, with a total value that may reach 12.5 billion riyals. According to SABIC’s statement, conducting the transaction according to the so-called “deal completion calculations” mechanism means that the final price …
Read More »Saudi Arabia announces the establishment of diplomatic relations with 6 new countries
Aug 29 Today, Tuesday, the Kingdom of Saudi Arabia announced the establishment of diplomatic relations with 6 new countries. According to the Saudi Press Agency. This came during the chairmanship of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud today, the session held by the …
Read More »“Saudi Industry and Mineral Resources” organizes field visits to companies qualified to compete for mining sites
Riyadh, July 18, 2023 , SPA The Ministry of Industry and Mineral Resources organized field visits to international and local companies qualified to obtain mining exploration licenses in its fourth round to the sites of “Umm Hadid, Amaq Well and Jabal Al-Sahaiba”; With the aim of enabling competitors to view …
Read More »Aramco, TotalEnergies and SABIC Complete Processing of Oil from Plastic Waste at Scale to Make Certified Circular Polymers
Dhahran, July 18, 2023, SPA Aramco, TotalEnergies, and SABIC have for the first time in the Middle East and North Africa successfully converted oil derived from plastic waste into ISCC+ certified circular polymers. The plastic pyrolysis oil, also called plastic waste derived oil (PDO), was processed at the SATORP refinery …
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