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 […]
Saudi Railways, Maersk enter container transportation deal
Saudi Arabia Railways (SAR) has signed a contract with the sea shipping major Maersk to increase the number of containers transported on SAR trains between King Abdulaziz Port in Dammam […]
Zamil, Sami Land break ground on Saudi industrial complex
Zamil Steel Construction Company, a key subsidiary of Saudi-based Zamil Industrial Investment Company, has joined hands with Sami Land Services to break ground on its new industrial complex located at […]
SPARK Logistics signs 2 MoUs to explore leasing prospects
SPARK Logistics has signed two Memoranda of Understanding (MoUs) with ESAB, a world leader in welding equipment, and Petromasafi, a key supplier of oil and gas chemical products, to explore […]
Takamol Holding signs 18 agreements at LEAP 2024
The LEAP Tech Conference 2024 witnessed a notable participation with strategic engagements by Takamol Holding and its role as a strategic sponsor of the conference. The company stood out by […]
Merck’s expansion: Launches a regional office in Riyadh and SR100 million Merck Limited Company
Merck, a leading science and technology company, announced the opening a regional office in Riyadh, marking a significant milestone in the company’s journey of collaboration and growth. The decision to […]
Tech Mahindra to Power Mobily’s Loyalty Programmes
Tech Mahindra, a leading provider of digital transformation solutions, has signed a partnership with Etihad Etisalat (Mobily) to deliver best-in-class loyalty programmes for individual and business customers. With focus on […]
Salam CEO Ahmed Al-Anqari on Saudi Arabia’s telecoms opportunities
Salam is a major telecommunications player in Saudi Arabia that is experiencing strong growth in both the fixed-line and mobile telecommunications space. It has connected around 700,000 households to fixed […]
