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  • KSA| Saudi Arabia Takes Another Step Forward In Its Transformation Drive : Saudi Capital To Get World’s Biggest Park In $23bilion Project

    King Salman bin Abdulaziz of Saudi Arabia Tuesday launched four wellbeing projects for the kingdom’s capital Riyadh, which will significantly improve the lives of its citizens, transform the city into an attractive destination and make it one of the world’s most livable cities. The four wellbeing projects – King Salman Park, Sports Boulevard, Green Riyadh…

  • SABIC’s Quarterly Net Profits Slumps 94% On Lower Sales Prices

    PARIS, France – Petrochemicals firm Saudi Basic Industries Corp (SABIC) said on Tuesday its fourth-quarter net profit slumped 94% on lower average sales prices. SABIC posted a net income of 0.29 billion riyals ($77.28 million) in the three – month period ended Dec. 31, down from 4.97 billion riyals in the year-ago period. Princes across…

  • Ukraine Gets Support From Saudis With $400 Million Aid Deal

    PARIS, France – Saudi Arabia signed agreements worth $400 million with Ukraine on Sunday after the kingdom’s foreign minister made a surprise visit to Kyiv, a movie praised by Washington. Prince Faisal bin Farhan met President Volodymyr Zelenskiy, his chief of staff Andriy Yermak, his Ukrainian counterpart Dymytro Kuleba, and others. He was the highest-ranking…

  • Saudi Arabia Pauses Wealth Fund Plan To Acquire Egyptian Bank – Sources

    PARIS, France – Saudi Arabia has put a plan by its sovereign wealth fund to acquire the United Bank of Egypt on hold because of a disagreement with the Egyptian authorities over its valuation, two sources familiar with the matter told Reuters. The pause is the most recent stumble in the vast investment programme promised…

  • Still Filming, Spielberg, 76, Wins Berlin Lifetime Awards

    PARIS, France — Director Steven Spielberg, picking up a lifetime achievement awards at the Berlin Film Festival, said the prospect of making new films continued to excite him at 76, and unveiled new details of his planned HBO series. The director, whose credits include some of the biggest – grossing and best – loved works…

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