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JEDDAH: Technology and digital brands topped the latest Most Influential Brands Survey in Saudi Arabia this year, with three local names making the top ten. The survey, compiled by Paris-based global

RIYADH: A German company developing a flying taxi has attracted Saudi funding. The Future Investment Initiative Institute has invested in Lilium, a pioneer in the Electric Vehicle

DUBAI: The Saudi stock exchange has revealed a revamped corporate structure as it prepares for a much anticipated IPO. The new Saudi Tadawul Group will have four units, officials said at an event on

Net income increased to USD115 mn despite fallout from COVID-19 pandemic Balance sheet grew by 7.5% to USD7.89 bn Corporate Banking and Treasury & Capital Markets portfolios up 6% and 13%, respectively Improvement in key financial and risk metrics, including highest ever liquidity ratio (349%) and capital adequacy (31%). DAMMAM, SAUDI ARABIA – EQS Newswire – 7 April 2021 – The Arab Petroleum Investments Corporation (APICORP), a […]

RIYADH: US technology giant Apple has expanded its independent repair provider program to Saudi Arabia. The move will allow vendors in the Kingdom access to parts, tools, and manuals in order to

TAIF: Throughout the year, rose gardens and farms in Taif are kept well cultivated, waiting for the spring to arrive and welcome visitors with a charming bloom. In Saudi Arabia, there are two

Sheila Al-Rowaily has been the CEO of Wisayah Global Investment Management Company, a subsidiary of Saudi Aramco, since January 2019. Over her 20 years at Aramco, Al-Rowaily has led a number of
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Kuwait’s Emir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah on Wednesday received Saudi Minister of State Prince Turki bin Mohammad bin Fahd bin Abdul Aziz and his accompanying delegation, who delivered a

DUBAI: Saudi Arabia has recorded a 15.4 percent week-on-week increase in airline capacity over the last week of March, flight intelligence company OAG said. Capacity in the Saudi market rose to

RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman made a phone call to Jordan’s King Abdullah II, Saudi Press Agency reported on Monday. During the call, they discussed the Middle East Green

DUBAI: Saudi Arabia recorded an increase in its communication-related industries in 2020, a government regulator said, owing to a wider national campaign to improve connectivity across the Kingdom.

LONDON: Saudi Arabia’s crown prince announced two new initiatives to tackle climate change on Saturday. The Green Saudi Initiative and the Green Middle East Initiative aim to clearly define a road

Riyadh: Saudi Ministry of Industry and Mineral Resources issued a record 91 new industrial licenses in February, a year-over-year increase of 21 percent, SPA reported. The biggest award of new

Greek engineering and management consulting firm Salfo and Associates SA., which has a strong presence in Saudi Arabia, aims to continue to leverage its unique knowhow and local knowledge to support

JEDDAH: Saudi Arabia is keen to promote a culture of dialogue and tolerance across the globe, Ibrahim Al-Aseeri, the deputy secretary-general of the King Abdul Aziz Center for National Dialogue

Saudi Arabia’s SABIC has teamed up with BASF and Linde to develop a petrochemical furnace that relies on renewable energy instead of fossil fuels. The partners have already jointly worked on concepts

RIYADH: The Saudi health ministry said Monday it recorded 404 new COVID-19 cases in the past 24 hours. This brings the total number of people who contracted the virus to 385,424. The ministry said it

Saudi health ministry says coronavirus cases exceed 400 for the first time in months

RIYADH: Saudi scientists plan to study how cosmic rays affect the efficiency of solar cells used in satellites. The Saudi Space Commission has agreed with the China Manned Space Agency to implement a

RIYADH: The CEO of Saudi Arabia’s biggest waste company said the low level of recycling in the Kingdom is a lost opportunity worth as much SR70 billion ($18.7 billion). Saudi Arabia currently

DUBAI: Amazon plans to hire 1,500 new employees in Saudi Arabia and add 11 buildings, the company said. The expansion will boost storage capacity in the Kingdom by 89 percent and its geographical

DP World announced revenue growth of 11.0% to $8,533 million and adjusted EBITDA grew 0.4% to $3,319 million with adjusted EBITDA margin of 38.9% for the calendar year 2020. The revenue growth was supported by acquisitions and full year contribution from Topaz Energy & Marine and P&O Ferries while Maritime and Logistics revenue was up 33.2%. But like-for-like revenue decreased by 7.0% and down 3.2% excluding one-off […]

RIYADH: Saudi Arabia welcomed international efforts to ensure Iran does not acquire a nuclear weapon, and to make the Gulf region free of all weapons of mass destruction. During the weekly cabinet

Arabian Post Staff SHUAA Capital has led a USD 50 million structured Sukuk for Pure Harvest Smart Farms, the world-leading, sustainable technology-enabled agribusiness based in the UAE. SHUAA also co-invested in Pure Harvest through its managed funds as part of this funding round. SHUAA originated, structured and placed the innovative financing solution, which comprises a USD 50 million 3-year sukuk with embedded warrants. Simultaneously, Pure Harvest has […]

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