Saudi

Saudi Grains Organization buys 31k tons of wheat for $15m from local

RIYADH: The Saudi Grains Organization has deposited SR57.5 million ($15 million) to 89 local wheat farmers who supplied quantities allocated for this season. Purchasing an amount of 31,762 tons, the

NBI becomes first Iraqi bank to start operations in Saudi Arabia

RIYADH: The National Bank of Iraq has opened its first branch in Saudi Arabia, becoming the first Iraqi lender to engage in banking activities in the Kingdom, the CEO announced in a tweet. Yazeed

UAE healthcare provider Burjeel Holdings eyes Saudi expansion with

RIYADH: The UAE-based private healthcare provider Burjeel Holdings signed an initial agreement with the Saudi Ministry of Investment in a bid to expand into the Kingdom, with a target to invest up to

Saudi Public Prosecution: 11 people arrested for stealing money from

RIYADH: Saudi Arabia’s Public Prosecution said its financial fraud unit has started an investigation into 11 suspects who were allegedly part of a criminal organization that sought to defraud

Suspected meteor caught on camera streaking across Saudi sky

RIYADH: A suspected meteor streaking across the sky in Saudi Arabia was caught on camera. Clips of a light streaking across the sky were shared by social media users on Twitter in the early hours of

Sri Lanka’s tourism pins hopes on Saudi travelers as potential top

COLOMBO: Sri Lankan authorities and travel industry players are pinning hopes on arrivals from Saudi Arabia — a top travel spending market — as the island nation is grappling with the effects of on

Saudi Arabia to maintain gasoline price ceiling in medium-term,

RIYADH: The Saudi government will continue to implement a ceiling on gasoline prices in the medium-term, the Kingdom’s deputy minister for macro-fiscal policy at the Ministry of Finance told

Saudi low-cost carrier flynas records 120% growth in passengers amid

RIYADH: Saudi Arabia’s low-cost airline has recorded an accelerated growth of 120 percent in the number of passengers during the first half of 2022. The number of passengers has increased to around 4

Saudi tour guides shine at NEOM’s The Line exhibition

JEDDAH: An exhibition exploring Saudi Arabia’s ambitious The Line project is leaving visitors enthralled thanks to the work of specialist tour guides. The details of the NEOM project are on full

Saudi Arabia issues 90 industrial licenses in June

RIYADH: The Saudi Ministry of Industry and Mineral Resources issued 90 new industrial licenses in June, which were distributed over five industrial sectors. Industries associated with the

Saudi SISCO posts 9% rise in quarterly revenue on port and water

RIYADH: Saudi Industrial Services Co.’s second-quarter revenues jumped 9 percent from the first quarter of 2022, driven by strong performance in the ports and water sectors. Revenues for the second

MBC Studios starts shooting Saudi Arabia’s ‘Rise of the Witches’ in

DUBAI: Saudi Arabia’s MBC Studios announced this week that its production team has started shooting the Kingdom’s fantasy adventure “Rise of the Witches.” The team is filming in NEOM, the smart city

Saudi government completes nationalization of Saudi Power Procurement

RIYADH: Saudi Arabia’s Ministries of Finance and Energy have fully nationalized the Saudi Power Procurement Co. after buying up shares in one of the firm’s subsidiaries. The ministries announced the

Saudi stocks rise on rosy earnings results: Closing bell

RIYADH: Saudi stocks market started higher on Tuesday — and continued to rise until the end of the day as investors took comfort in corporate earnings reports. The Saudi benchmark index, TASI, rose

PIF’s Saudi Egyptian Investment Co. buys a 25% stake in MOPCO: Asharq

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

Saudi oil revenues leap 89% year-on-year to fuel Kingdom’s budget

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

Saudi shipping firm Bahri’s profit soars 134% on higher revenue

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.

Saudi Arabia, France discuss stabilizing global energy markets, food

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NRG Matters — Saudi Arabia, Greece seal deal to lay undersea data

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

Saudi Arabia-based artist Aljohara Jeje spotlighted in UK exhibition

DUBAI: Who doesn’t love a selfie? Saudi Arabia-based Dutch artist Aljohara Jeje is one of 50 creative talents who has their self-portraits featured in an ongoing UK exhibition titled “SELFIES: Women

Saudi Kayan Petrochemical posts 22% decline in half-year profits

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.

Saudi petrochemical firm Yansab sees 44% profit drop on higher costs

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.

Saudi Arabia, Iraq helping Europe’s oil refineries with more crude

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

Saudi Arabia foils attempt to smuggle over 14 mln Captagon tablets

Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) foiled an attempt to smuggle about 15 million Captagon tablets through the Jeddah Islamic Port, the Saudi Press Agency (SPA) reported Friday. A

SAMI and BAE Systems announcement to boost Saudi defense industry

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.

Saudi Arabia’s 5 most valuable players

The World Cup is about to start, and teams will obviously bring their best weapons and players to the World Cup. The goal is to make history in Qatar and for that, you need your country’s best players. With so many teams and so many stars playing in the World Cup, it’s a good idea to bet to make the tournament more fun, that’s why we enter […]

Saudi Arabia leads GCC with 77% growth in project contract awards in

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

How Saudi artist Sarah Brahim combines dance with visual art

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

Saudi basketball team knocked out of Asia Cup after 74-64 loss to

The Saudi national basketball team has been eliminated from the 2022 FIBA Asia Cup after losing 74-64 to Jordan in Jakarta on Saturday. The Falcons needed to win their last Group A match and hope

US President Biden welcomes Iraqi offer to host talks between Saudi

US President Joe Biden on Saturday welcomed Iraqi Prime Minister Mustafa Al-Kadhimi’s initiative to host talks between Saudi Arabia and Iran in Baghdad. His statement came during a press conference