Lucid to receive $1bn from PIF affiliate via new stock
Electric carmaker Lucid announced an additional $1 billion investment from Saudi Arabia’s Public Investment Fund in a move which saw its shares rise 18 percent. The money is coming via […]
Council of Economic and Development Affairs reviews local, global issues
Local and global advances and public agencies’ performance were in focus during a virtual meeting held by Saudi Arabia’s Council of Economic and Development Affairs. Operating under the council of […]
Saudi Arabia’s non-oil exports up 0.8%, latest official figures show
Saudi Arabia’s non-oil exports increased 0.8 percent in January compared to the same month in 2023, official data showed. According to the report released by the Kingdom’s General Authority for Statistics, […]
Saudi Ministry of Investment, tech firm Endava sign MoU to propel digitalization efforts
Saudi Arabia’s digital advancement will soon accelerate thanks to a new agreement signed by the Kingdom’s Ministry of Investment with global tech company Endava. The memorandum of understanding with the London-based firm, which is […]
Saudi Arabia selected to chair WTO Dispute Settlement Body
Saudi Arabia’s permanent representative to the World Trade Organization was selected to chair the entity’s Dispute Settlement Body for the year 2024-2025. According to a release, Saqer Al-Moqbel was appointed […]
Shipping service ‘Galex’ added to King Abdulaziz Port in Dammam
Emirates Shipping Line (ESL) has introduced a new shipping service named “Galex” to King Abdulaziz Port in Dammam, the Saudi Ports Authority (Mawani) has announced. The new shipping service will […]
Saudi Arabia, Bahrain sign transportation MoUs
Saudi Arabia and Bahrain have signed two memoranda of understanding (MoUs) focused on the future of transportation and road maintenance and safety. The MoUs aim to strengthen cooperation between the […]
ACWA Power says breakdown at Morocco solar plant costs firm $47m
Saudi Arabian renewable energy utility ACWA Power International on Sunday reported a storage breakdown at one of the solar plants it operates in Morocco that will cost the company an […]
4-day Eid Al-Fitr holiday for Saudi private and non-profit sectors
The Ministry of Human Resources and Social Development has announced that there will be four-day Eid Al-Fitr holiday for the private and non-profit sectors in the Kingdom. The ministry said […]
Over 10 million worshipers perform prayers at Prophet’s Mosque in first 10 days of Ramadan
The General Authority for the Care of the Affairs of the Grand Mosque and the Prophet’s Mosque has announced that during the first 10 days of Ramadan the Prophet’s […]
