After being implicated in one of the greatest defaults on the side of Ahmed Hamad Al-Gosaibi & Brothers Group, also
After being implicated in one of the greatest defaults on the side of Ahmed Hamad Al-Gosaibi & Brothers Group, also known as “Al-Gosaibi,” major banks such as BNP Paribas and Citigroup are now prepared to collect some of their debts, at least in part. The Ahmed Hamad Al-Gosaibi & Brothers…
The Saudi General Authority for Statistics released data in August that showed indications that highlighted Saudi Arabia’s considerable drop in education and housing prices, which brought inflation rates to near zero. Contrary to rising trends (inflation rate) globally, the CPI in Saudi Arabia slowed in August to 0.3% YoY. Lower…
During a joint field visit to the port on Wednesday, Saudi and Iraqi officials discussed setting up the new Arar border crossing between the two countries, as well as facilitating transport procedures and trade exchange operations, in the context of enhancing cooperation and achieving what was agreed upon by increasing…
The Sudanese News Agency (SUNA) said that the Sudanese-Saudi Forum, which will be held in Khartoum, establishes the prospects for Saudi investments in Sudan. The Sudanese-Saudi Forum aims to encourage investment and open it up to global financial and economic institutions.The Sudanese-Saudi Forum comes as an extension of meetings that…
Participation in international exhibitions, according to Faisal Al-Baddah, Secretary-General of the Saudi Export Development Authority, is one of the most important activities supervised by the Export Authority to promote national goods and services, deliver them to potential buyers, and thus increase non-oil exports. All operations, particularly since the beginning of…
Saudi Aramco, the largest oil production company in the world, is heading to control a share in the country’s industrial investment sector, as part of the Kingdom’s plans to localize some industries and diversify the economy away from oil. Aramco Chairman of the Board, Yasser Al-Rumayyan, said, “The company is…
The Saudi Fund for Development inaugurated in the Jordanian capital, Amman, the project of traffic intersections in the Marj Al-Hamam area, Amman-Dead Sea Road, as a grant provided by the government of the Kingdom of Saudi Arabia, through the Saudi Fund for Development, at a total cost of $19 million.…
According to CNBC Arabia, Saudi Arabia has announced many proposals to expand numerous regions and entirely transform them into smart cities. “Makkah Al-Mukarramah, Riyadh, Jeddah, Al-Madinah Al-Munawwarah, and Al-Ahsa” are the five cities in Saudi Arabia that the country wants to turn into smart cities. This will be accomplished by…
The Saudi-Omani Joint Business Council held its second meeting in Muscat, with the participation of His Excellency the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, His Excellency the Minister of Commerce, Industry and Investment Promotion Qais bin Muhammad Al-Yousef, and the head of the Omani side of the Council…
According to Reuters, oil prices fell in global oil markets on Monday, continuing their downward trend after the Kingdom of Saudi Arabia slashed crude prices for Asia over the weekend, indicating ample supply in global markets. Oil prices in November Brent crude futures contracts decreased 57 cents, or 0.8 percent,…
