BREAKING NEWS | Saudi Crown Prince: We Will Continue To Grow In Various Fields

NEOM - - Saudi Arabia's Crown Prince Mohammed bin Salman bin Abdulaziz, Deputy Prime Minister, Minister of Defense and Chairman of the Council of Economic and Development Affairs, affirmed that the Kingdom will continue to consolidate the gains made since the approval of the Vision 2030, and stressed its keenness to move towards further development … Continue reading BREAKING NEWS | Saudi Crown Prince: We Will Continue To Grow In Various Fields

ECONOMY | Saudi Aramco Plans Debt Market Comeback With Multi – Tranche Bond Deal

Saudi Aramco said on Monday it had hired banks for a multi – tranche U.S. dollar – denominated bond issuance, as the world’s largest oil company seeks cash amid lower oil prices. Gulf issuers have shown no sign of slowing this year’s blitz of issues on international debt markets as they work to plug issues … Continue reading ECONOMY | Saudi Aramco Plans Debt Market Comeback With Multi – Tranche Bond Deal

BREAKING NEWS | Saudi Crown Prince Chairs Meeting Of Economic, Development Affairs Council

Saudi Crown Prince Mohammed Bin Salman Bin Abdulaziz Al Saud, Deputy Prime Minister and Minister of Defense, has chaired the virtual meeting of the Council of Economic and Development Affairs, the Saudi Press Agency reported. The Crown Prince is the Council’s Chairman. During the meeting, the Council reviewed a number of economic and development issues … Continue reading BREAKING NEWS | Saudi Crown Prince Chairs Meeting Of Economic, Development Affairs Council

BUSINESS | Saudi Arabia’s PIF Invest $1.3 Billion In India’s Reliance Retail

MILAN - - Saudi Arabia’s Public Investment Fund said Thursday it will invest approximately $1.3 billion for a 2.04 percent stake in Indian conglomerate Reliance Industries’ retail arm, RRVL. The investment will further strengthen PIF’s presence in India’s dynamic economic and promising retail market segment, said a statement. The investment in RRVL follows an earlier … Continue reading BUSINESS | Saudi Arabia’s PIF Invest $1.3 Billion In India’s Reliance Retail

BUSSINESS | Saudi Aramco Third – Quarter Profit Slumps 44.6% As Pandemic Chokes Demand

RIYADH | SAUDIA RABIA – Saudi Arabian state oil giant Aramco on Tuesday reported a 44.6% drop in third-quarter net profit as the coronavirus crisis continued to choke demand and weight on crude prices. Share prices of global oil companies have been hammered this year as investors fret over the impact of the pandemic on … Continue reading BUSSINESS | Saudi Aramco Third – Quarter Profit Slumps 44.6% As Pandemic Chokes Demand

BREAKING NEWS | Saudi Crown Prince Discusses OPEC+ Agreements With Vladimir Putin

RIYADH | SAUDI ARABIA  - Saudi Arabia’s Crown Prince Mohammed Bin Salman discussed with Russian President Vladimir Putin energy markets and the implementation of agreements by the oil producers group known as OPEC+ on Saturday. ‘Both sides have reiterated their willingness to continue close coordination in this area in order to maintain stability on the … Continue reading BREAKING NEWS | Saudi Crown Prince Discusses OPEC+ Agreements With Vladimir Putin

BUSINESS | UNWTO Launches AlUla Framework For Community Development

Madain Saleh The World Tourism Organization (UNWTO) has launched the ‘AlUla Framework for Inclusive Community Development Through Tourism’, with a set of transformative tourism practices sustaining live hoods in local communities. Tourism Ministers of the G20 nations have committed to stepping up their efforts to place sustainability and inclusion at the heart of tourism recovery … Continue reading BUSINESS | UNWTO Launches AlUla Framework For Community Development

BUSINESS | Saudi Non – Oil Sector Sees Growth 1st Time In 7 Months

RIYADH | SAUDI ARABIA – An international survey revealed that the non – oil private sector in Saudi Arabia returned to growth last September for the first time in seventh months, amid an increase in demand after easing the general lockdown measures. ‘Business activity in the Saudi Arabia non-oil private sector ticked up in September, … Continue reading BUSINESS | Saudi Non – Oil Sector Sees Growth 1st Time In 7 Months

BUSINESS | Saudi Arabia’s STC Asks Banks To Pitch For Subsidiary IPO: Sources

MILAN | ITALY – Saudi Telecom Co has asked banks to pitch for roles in a potential public offering of its products and services development arm, three sources familiar with the matter told Reuters. STC, Saudi Arabia’s largest telecoms operator, sent  a request for proposals to international and local banks last week for Solutions by … Continue reading BUSINESS | Saudi Arabia’s STC Asks Banks To Pitch For Subsidiary IPO: Sources

BUSINESS | IAEA Providing support for Saudi Arabia As It Plans To Adopt Nuclear Energy: Saudi TV

MILAN | ITALY – The International Atomic Energy Agency (IAEA) director general Rafael Grossi was quoted on Monday as saying the Saudi Arabia was preparing to adopt nuclear energy and the agency was providing support, Saudi state TV Al-Ekhbariya reported. ‘Saudi Arabia is interested in nuclear energy and we are working on providing it with … Continue reading BUSINESS | IAEA Providing support for Saudi Arabia As It Plans To Adopt Nuclear Energy: Saudi TV