In a groundbreaking announcement that has caught global leaders by surprise, Crown Prince and Prime Minister of Saudi Arabia, Mohammed bin Salman (MBS), has made an audacious call for the establishment of a Palestinian State along the defining 1967 borders. This move, aired during his address to the joint summit of the Gulf Cooperation Council […]
In a jaw-dropping revelation that’s sent shockwaves around the globe, Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS) has publicly declared that if Iran acquires a nuclear weapon, the Kingdom won’t be left behind. In an extensive interview with Fox News, the Crown Prince let it be known that Saudi Arabia would match Iran’s nuclear […]
Ukraine-based international food and agrotech group MHP SE has signed a shareholder agreement with Desert Hills Veterinary Services Company Limited (DHV), a subsidiary of Saudi Arabia’s Tanmiah Food Company. The deal, valued at over SAR 200 million, aims to expand MHP SE’s international footprint and bolster Saudi Arabia’s food security in the poultry sector. Shareholder […]
In a groundbreaking move that directly challenges China’s Belt and Road Initiative, leaders from India, Saudi Arabia, the European Union, and the United States have officially launched the India-Middle East-Europe Economic Corridor at the G20 Summit in New Delhi. This Economic Corridor aims to connect India with West Asia and Europe. For New Delhi, the […]
Saudi Arabia’s fast-growing retail tech platform, Rewaa, has secured $27 million in a Series A funding round. The financing was spearheaded by Wa’ed Ventures, a venture capital fund fully owned by Aramco. Also joining the high-profile round were STC’s Corporate Innovation Fund (CIF), Graphene Ventures, Sadu Capital, Vision Ventures, Khwarizmi Ventures, RZM Investment, Derayah VC, […]
Standard Chartered Group has announced the sale of its global aviation finance leasing business to AviLease, a Saudi Arabian company owned by the Public Investment Fund, for an initial cash consideration of $700m. The deal is part of Standard Chartered’s broader strategy to focus on its core businesses and follows an announcement made in January […]
In a monumental step for Saudi Arabia’s renewable energy vision, leading energy player ACWA Power, in collaboration with the Water and Electricity Holding Company (Badeel) – under the Public Investment Fund (PIF) – and Saudi Aramco Power Company (SAPCO), has announced the successful financial close of the Al Shuaibah 1 and Al Shuaibah 2 solar […]
Saeed Mohammed Al Tayer, the MD & CEO of Dubai Electricity and Water Authority (DEWA), declared Saudi Arabia’s ACWA Power as the ‘Preferred Bidder’ for the groundbreaking 180 Million Imperial Gallon per Day (MIGD) Sea Water Reverse Osmosis Hassyan Phase 1 Independent Water Producer (IWP) project. This pioneering project, representing an investment of AED 3.357 […]
In a significant breakthrough for the Middle East and North Africa, TotalEnergies, Aramco, and SABIC have successfully converted plastic waste into ISCC+ certified circular polymers for the first time. This innovative process, which took place at the SATORP refinery in Jubail, Saudi Arabia, involves turning plastic pyrolysis oil or plastic waste derived oil (PDO) into […]
Tata Consultancy Services (TCS) has revealed that Banque Saudi Fransi (BSF), one of Saudi Arabia’s premier banks, has successfully revamped its domestic and international real-time payments processing with the help of TCS BaNCS for Payments. This represents a significant leap in the bank’s ongoing digital transformation and core banking modernization program. Banque Saudi Fransi selected […]