Saudi Arabia’s Almarai to invest over SAR18bn under five-year plan
Almarai, the GCC region’s biggest dairy producer, said it would invest $4.8bn (SAR18bn) over the next five years to boost growth while focusing on areas including supply chain capabilities and […]
Aramco CEO: “We should abandon the fantasy of phasing out oil and gas”
Global oil demand will not peak for some time so policy makers need to ensure sufficient investment in oil and gas to meet consumption and abandon the fantasy of phasing […]
Saudi’s New Murabba ‘open for international investment’, says CEO
The New Murabba Development Company (New Murabba) showcased its ambitious plans for urban redevelopment and invited international investors to participate in the project at the global real estate trade show, […]
Morgan Stanley expects oil prices to climb to $90 per barrel by summer 2024
Morgan Stanley raised its Brent crude oil price forecasts by $10 per barrel to $90 for the third-quarter of 2024. The forecasts have been changed citing tighter supply and demand […]
Saudi Arabia “plans” $40bn push into artificial intelligence
Saudi Arabia plans to create a fund of about $40bn to invest in artificial intelligence (AI), the New York Times reported on Tuesday. Representatives of Saudi Arabia’s Public Investment Fund (PIF) have […]
Big demand for mining licences in Saudi Arabia, says report
There has been a notable increase in the demand for mining licences across Saudi Arabia following the implementation of a new investment law in 2021, reported SPA, citing the Ministry of […]
