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RIYADH: As Saudi Arabia is working on a strategy to attract SR260 billion ($69 billion) worth of investment to the non-oil sector, there can’t be any distinction between foreign investments and local

RIYADH, KSA – Media OutReach – 26 October 2022 – The Capital Market Authority (CMA) of Saudi Arabia has granted initial licenses to Valuable Capital Financial Company (VCFC), a subsidiary of the top tier Hong Kong-based financial institution Valuable Capital Group Limited (VCGL). This makes VCFC the very first and only licensed corporation in the kingdom from Asia to conduct Dealing, Advising and Custody services. VCFC announced […]

RIYADH: Egypt’s Petroleum Products Automatic Pricing Committee has announced that the price of fuel in the local market will remain unchanged, for the period from October to December 2022. The move

RIYADH: Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman visited India on Saturday, and met top Indian officials as the Kingdom strengthens its energy ties with the second-largest Asian

RIYADH: Saudi Arabia’s Crown Prince Mohamed bin Salman has unveiled the “Global Supply Chain Resilience Initiative” in an attempt to position the Kingdom as a global supply chain hub, Saudi Press

RIYADH, KSA – Media OutReach – 23 October 2022 – Valuable Capital Financial Company (VCFC), a subsidiary of the top tier Hong Kong-based financial institution Valuable Capital Group Limited, announced that it has received the initial licenses from the Capital Market Authority (CMA) to conduct Dealing, Advising and Custody services in Saudi Arabia, making it the very first and only licensed corporation in the kingdom from Asia. […]

RIYADH: Fireworks, laser shows and live performances heralded Riyadh Season 2022 on a night of wonder and excitement. General Entertainment Authority Chairman Turki Al-Sheikh took to the stage to
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RIYADH: The UAE Embassy in Riyadh launched a live discussion, “Prospects for Cooperation and Economic Integration between the UAE and the Kingdom of Saudi Arabia,” Emirates News Agency reported. The

RIYADH: Saudi Arabia’s National Debt Management Center has received more than $27 billion in bids for its dollar-denominated sukuk and bonds issuance, as it announced the completion of receiving

RIYADH: Saudi Arabia’s Human Resource Development Fund, known as HADAF, has spent SR3.75 billion ($1 billion) on employment support programs, benefitting 277,000 Saudis during the first nine months

RIYADH: Rolls-Royce has received at least 300 orders for its new all-electric Spectre, many from Middle East customers who have traditionally been big buyers of the world’s most famous luxury car.

RIYADH: The Saudi Export-Import Bank has issued insurance policies, totaling $100 million so far this year, to support the Kingdom’s exports to South Africa, the lender’s CEO said. In an exclusive

RIYADH: Saudi Arabian utility firm ACWA Power is eyeing to invest $10 billion in renewables including green hydrogen in South Africa over the next five years, revealed its CEO. In an exclusive

RIYADH: Saudi real estate developer ROSHN has launched sales for the second phase of its first development SEDRA, located in Riyadh. The Public Investment Fund-owned company plans to build as many as

By Branko Marcetic If you’re going to undermine your own public rhetoric and supposed values by cozying up to a brutal autocrat, you might as well get something out of it. While maybe an obvious point to the rest of us, it’s apparently something US officials are just now belatedly realizing about the US-Saudi relationship. […]

The post The Worsening US-Saudi Split Could End The Brutal War In Yemen first appeared on IPA Newspack.

RIYADH: More than 200 students and 90 trainers participated in the World Robot Olympiad final qualifiers for 2022, the Saudi Press Agency reported on Thursday. The three-day final qualifiers was

RIYADH: Saudi artist Basma Al-Nahdi picks up her brush dipped in vibrant colors to paint abstract shapes and designs on rocks for her small business on Instagram. But, the 42-year-old is a unique

RIYADH: Saudi Al Awali Real Estate Co. seeks to raise SR500 million ($133 million) by offering 20 percent of its shares on Nomu-Parallel Market, its CEO told Asharq Business. The Saudi real estate

RIYADH: Chemical companies in the Gulf Cooperation Council, particularly Saudi Arabia, are outperforming their European rivals due to low prices for feedstock, long-term security of supply, and solid

RIYADH: The Egyptian Sovereign Fund and the Qatar Investment Authority are in an apparent stalemate over $5 billion worth of investment deals as the north African country awaits promised Qatari

RIYADH: Saudi National Gypsum Co. and El-Khayyat Gypsum are among the eight qualified bidders to compete for an exploration license for gypsum ore at Al-Qasab wells mining site. With an area of

RIYADH: Renowned endurance swimmer and the UN Environment Programme’s Patron of the Oceans Lewis Pugh has issued a clarion call: It’s time for urgent climate action to save coral reefs to support

RIYADH: Digital payment penetration is continuing its high growth in Saudi Arabia, as a report reveals more than one in ten Saudis spend money online at least once a day via e-commerce platforms.

RIYADH: Saudi-based SaaS startup Glamera raised $1.3 million in a seed funding round led by venture capital firm Riyadh Angels Investors. Established in Egypt in 2020, Glamera relocated to Saudi
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