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RIYADH: The Saudi Egyptian Investment Co., a newly launched investment firm of the Kingdom’s Public Investment Fund, has agreed to buy 25 percent shares of Misr Fertilizer Production Co., Asharq

RIYADH: The King Salman Humanitarian Aid and Relief Center (KSrelief) distributed 1,277 food packages and 6,000 cartons of dates to families in need in Pakistan and Yemen on Saturday. As part of the

RIYADH: Saudi Arabia’s oil revenues soared 89 percent year-on-year, helping the Kingdom post a SR77.9 billion ($20.8 billion) budget surplus during the second quarter of 2022. Oil revenues reached

RIYADH: On a macro level, the US is planning to add 29 gigawatts of new electric generating capacity in the second half of the year. Zooming in, Lucid Group’s shares have declined by 10 percent

RIYADH: The Arab Petroleum Investments Corp. has reported a 67 percent jump in first-half profit to $52 million. APICORP’s net income from operations rose sharply to $97.9 million in the first half,

RIYADH: ADNOC Distribution — largest fuel distributor in the UAE — in accordance with TotalEnergies Marketing Afrique SAS has acquired a 50 percent stake valued at $186 million in TotalEnergies

RIYADH: South African point-of-sale hardware and software startup Qwili has raised $1.2 million in a seed round led by venture capital firm E4E Africa. The company offers a near-field communication
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RIYADH: The National Shipping Co. of Saudi Arabia, better known as Bahri, saw its profit surge 134 percent to SR193 million ($51 million) during the first half of 2022, a bourse filing showed.

RIYADH: An exhibition about Prophet Muhammad’s migration from Makkah to Madinah opened at the King Abdulaziz Center for World Culture (Ithra) in Dhahran on Saturday, Saudi Press Agency reported. The

RIYADH: On a macro level, Greece and Saudi Arabia have sealed a deal to lay an undersea data cable that will connect Europe with Asia. Zooming in, TotalEnergies has signed an agreement with Veolia to

RIYADH: Arab National Bank has posted a 29 percent increase in profit to SR1.4 billion ($360 million) for the first half of 2022, a bourse filing revealed.

RIYADH: Saudi Kayan Petrochemical Co. has posted a 72 percent profit decline to SR360 million ($96 million) for the first half of 2022, according to a bourse filing.

RIYADH: Egypt-based B2B trade market platform Cartona has raised $12 million through a series A funding round led by global venture capital firm, Silicon Badia. The platform connects retailers and

RIYADH: Saudi-listed Yanbu National Petrochemical Co., known as Yansab, reported a 44-percent profit drop to SR571 million ($152 million) for the first half of 2022.

RIYADH: UAE-based hospitality platform Qstay has raised a $6.5 million seed funding round, in a mix of debt and equity. The company currently operates as a virtual hotel brand with 200 units as it

RIYADH: Saudi Arabia and Iraq are helping Europe’s oil refiners with more crude in an effort to help the continent reduce its reliance on Russia, Bloomberg reported. According to data compiled by

RIYADH: Saudi Arabian Military Industries’ CEO has hinted his firm and BAE Systems will soon make announcements aimed at boosting the “indigenous capability” of Saudi Arabia’s defense industry.

RIYADH: Saudi stocks continued to rebound, ending the week’s final session with a positive tone, as investors awaited strong earnings results. The main index, TASI, gained 1.04 percent reaching

RIYADH: On a macro level, China solar installations have jumped by 137 percent during the first half of 2022, compared to a year earlier. Zooming in, Dubai Electricity & Water Authority is planning

RIYADH: The secretary-general of the Organization of Islamic Cooperation met with Pakistan’s permanent representative to the inter-governmental organization in Jeddah on Tuesday. Hissein Brahim Taha

RIYADH: Saudi Arabia leads the Gulf Cooperation Council region with $16.5 billion worth of projects awarded during the second quarter of 2022, according to the latest data released by asset

DUBAI: Saudi artist Sarah Brahim is making waves with her multidisciplinary collaborative work — ahead of her showing at the Lyon Biennale in September, the Riyadh-based choreographer, dancer and

RIYADH: China stocks rose on Monday after the governor of the country’s central bank vowed to increase the implementation of prudent monetary policy to support the real economy. Financials and

RIYADH: The UAE space agency has announced plans to invest 3 billion dirhams ($816 million) in further developing radar satellites and its space program. It will enhance the latest Synthetic Aperture
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