Aramco, one of the world’s largest integrated energy and chemicals companies, has signed a Development Framework Agreement with its affiliate, Saudi Aramco Jubail Refinery Company (SASREF), and Rongsheng Petrochemical Co. Ltd. The agreement was formalised during a meeting in Beijing, China, and marks a significant step toward expanding SASREF’s refining and petrochemical operations in Jubail, […]
Sahara International Petrochemical Company (Sipchem), a prominent Saudi petrochemical player, has successfully completed its digital transformation journey by implementing SAP S/4HANA, a move aimed at enhancing operational efficiency and strategic decision-making. The transformation, undertaken in partnership with Wipro Limited, spans Sipchem’s operations across Saudi Arabia and Switzerland. Unified platform enhances capabilities The system, built on […]
Aurionpro Solutions Limited has announced its successful entry into the Saudi Arabian banking sector, securing a multi-million dollar deal to launch its next-generation transaction banking platform. This marks a major milestone in Aurionpro’s pursuit of expanding its digital banking transformation solutions globally. The company has partnered with one of Saudi Arabia’s leading banks, delivering its […]
In an urgent and historic move, President Joe Biden has commanded U.S. military forces to assist Israel in intercepting and neutralizing Iranian missile strikes. The unprecedented military operation comes amidst growing tensions between Israel and Iran, with Tehran launching a barrage of missiles aimed at Israeli cities. With Iranian-backed militant groups adding fuel to the […]
In a strategic move to tackle the growing diabetes crisis in the Middle East, Biocon Limited has announced a partnership with Tabuk Pharmaceutical Manufacturing Company. This alliance aims to commercialize Biocon’s Glucagon-like peptide-1 (GLP-1) products across the Middle East, specifically focusing on Saudi Arabia and neighboring regions. GLP-1 products, which are increasingly recognized for their […]
Genesys International Corporation Limited has landed major contracts worth Rs 35 crore, in collaboration with two influential entities—NEOM Ltd and the Saudi Geological Survey. This groundbreaking achievement signifies the expanding role of Indian geospatial technology on the global stage, with the company set to contribute to two crucial projects in Saudi Arabia. NEOM Ltd, known […]
Saipem, the Italian energy services giant, saw its shares rise by 2.5% after securing a major $2 billion offshore contract from Saudi Arabian Oil Company (Saudi Aramco). The contract, under the Long-Term Agreement (LTA), involves developing the Marjan field, a critical asset in Saudi Arabia’s offshore oil and gas production strategy. Saipem’s project scope includes […]
Alcoa Inc. (NYSE: AA, ASX: AAI) has entered into a binding share purchase and subscription agreement with Saudi Arabian Mining Company (Ma’aden) to sell its entire 25.1% ownership stake in their joint venture for approximately $1.1 billion. This deal includes approximately 86 million Ma’aden shares, valued at $950 million based on the volume-weighted average share […]
Scana, a Norwegian industrial investment company, has secured a significant contract to deliver a battery energy storage system (BESS) in Saudi Arabia. This contract represents a major step forward for Scana in its quest to expand its footprint in the Middle Eastern energy market. The deal, valued at several million dollars, involves the supply, installation, […]
Wardwizard Innovations & Mobility Limited (WIML), a leading name in the electric vehicle (EV) industry, has recently made headlines by securing a Letter of Intent (LOI) from His Royal Highness Prince Abdulaziz Bin Turki Bin Talal Bin Abdulaziz Al Saud. This significant endorsement marks the beginning of a strategic joint venture in Saudi Arabia, reflecting […]