Media In / Riyadh 1 July 2019 Saudi Basic Industries Corporation (SABIC) signed an agreement today in Tokyo to extend its partnership with Saudi United Methanol Company in Al-Razi, a subsidiary of SABIC, after a successful partnership that lasted for many years. Petrochemicals Sector. The agreement comes within the framework …
Read More »Saudi Grains Organization to import 730,000 tons of wheat
Media IN Riyadh, 01 July 2019 SPA Saudi Grains Organization (SAGO) has completed the procedures of the third batch for importing 730,000 tons of solid wheat during the period September – November 2019 , from the origins of the European Union, Australia, South and North America ( except Canada). SAGO …
Read More »SAMI, Hanwha Sign MoA for Joint Venture Company in Saudi Arabia
Media IN Riyadh –SPA 3Oth-06-2019 Saudi Arabian Military Industries (SAMI) announced signing a memorandum of agreement (MoA) with South Korean Hanwha Group’s three units; namely Hanwha Corporation, Hanwha Defense, and Hanwha Systems, Saudi Press Agency (SPA) reported on Sunday. The agreement aims to explore the possibility of establishing a joint …
Read More »Saudi Energy Minister discusses with Russian counterpart options for extending OPEC deal
Moscow 28-06-2019 SPA Minister of Energy, Industry and Mineral Resources met today with Russian Energy Minister Alexander Novak on the sidelines of the G-20 summit. During the meeting, they discussed the options for extending the OPEC + deal, the conditions of the oil market, stressing the cooperation in the oil …
Read More »SAMA: Individual Mortgage Loans jump 3 times in May 2019
Media IN Riyadh, Jun 29, 2019, SP The volume of new residential mortgages for individuals provided by both commercial banks and finance institutions have continued to grow in May 2019, compared with the same period last year, according to a report of the Saudi Arabian Monetary Authority (SAMA). The number …
Read More »Saudi Arabia participates in Chemspec Exhibition
Media IN Basel, Switzerland, June 27,2019,SPA Saudi General Investment Authority held a pavilion entitled ” Invest in Saudi Arabia” at the 34th International Exhibition for Fine and Specialty Chemicals also known as Chespec Europe held here in Messe Basel, Switzerland. The joint public and private pavilion introduced potential investment opportunities …
Read More »The General Establishment for Cereals announces a tender to import 715 tons of wheat
Media In / Riyadh, July 27, The General Grain Corporation announced today its third tender for the year 2019 to import 715,000 tons of wheat for supply during the period (September – November 2019) distributed over 12 vessels, 7 vessels for Jeddah Islamic Port, 4 vessels for King Abdul Aziz …
Read More »Saudi Arabia’s Ma’aden Acquires Rolling Company by 100%
Dammam 26-26-2019 SPA The Saudi Arabian Mining Company (Ma’aden) today announced that it has signed an amended joint venture agreement with Alcoa Corporation, which includes Alcoa Corporation’s waiver of its 25.1% stake in Ma’aden Rolling Mill and Sheet Metal Sheet Factory for Metals without charge, Alcoa Corporation of the future …
Read More »The Kingdom is a member of the Group of States of the Joint Ministerial Statement on Electronic Commerce in the World Trade Organization
Riyadh, 26-26-2019 Saudi Arabia joined the Group of States of the Joint Ministerial Statement on Electronic Commerce of the World Trade Organization (WTO), following the issuance of the supreme approval in this regard. This came in a statement announced by the General Authority for Foreign Trade. HE Mr. Abdulrahman bin …
Read More »New artificial intelligence services launched by Saudi Electricity Company
Media IN Riyadh June 26, Saudi Electricity Company (SEC) has launched a range of new services that employ modern technologies to provide reliable, low-cost electrical service. The company revealed in its report that among the most prominent services that have been launched are: account service, lightning service, and fixed billing, …
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