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Saudi Arabia leads GCC IPO market with $2.1bn raised in first half of 2024: Markaz
Saudi Arabia led the Gulf Cooperation Council’s initial public offering market in the first half of 2024, raising $2.1 billion in what was an annual increase of 141 percent, an analysis has revealed. In […]
Saudi Arabia, Brazil sign defense agreement
Saudi Arabia and Brazil signed on Monday in Riyadh a cooperation agreement in the defense field. The deal was signed during a meeting between Saudi Defense Minister Prince Khalid bin […]
Saudi Arabia condemns Israel’s seizing of 800 hectares of Palestinian land
Saudi Arabia has condemned Israel’s seizing of 800 hectares of Palestinian land in the West Bank, the Saudi Press Agency said early Wednesday. The Kingdom said that the move is […]
Mawani to set up ship anchorage areas at Saudi industrial port
Saudi Ports Authority (Mawani) has announced plans to establish new ship anchorage areas at King Fahad Industrial Port in Yanbu, as well as the upgradation of existing ones. These developments […]
Global hybrid cloud provider IBM opens regional HQ in Riyadh
IBM, a leading provider of global hybrid cloud, AI and consulting expertise, has inaugurated its regional headquarters in Riyadh. IBM’s regional headquarters expands IBM’s presence in the Kingdom and reiterates […]
Knowledge Economic City inks contract with consortium of 3 companies
The Knowledge Economic City has signed a contract with a consortium of three companies in order to build a chilled water district cooling plant, where the consortium’s services would be […]
Saudi Arabia’s SABIC gives go-ahead for $6.4bn China petrochemical plant
Saudi Basic Industries Corp (SABIC) will go ahead with building a petrochemical complex in southeastern China’s Fujian province, the company said in an exchange filing on Sunday, shoring up Saudi […]
Oman signs $88m industrial projects in plastics sector
The agreements focus on promoting Omani goods and services or those provided by locally registered suppliers OQ Refineries and Petrochemical Industries has signed nine investment agreements worth $88 million to […]
PDO inaugurates Greater Saqr Gathering Station
The official inauguration of the Greater Saqr Gathering Station by Petroleum Development Oman (PDO) took place at the Oman Convention and Exhibition Centre (OCEC) on Wednesday, January 17, 2024. The […]
Investment in Oman’s special economic zones and industrial cities exceeds to over $43bln
Muscat: The total investment in Oman’s special economic zones and industrial cities had surpassed OMR16.6 billion by June 2023. The investment was distributed among the zones managed by the Public Authority […]
