Business
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Aramco, PETRONAS Sign Agreement to Restructure PRefChem Stakes
Saudi Aramco and PETRONAS have signed an agreement for the transfer of Aramco’s equity stakes in Pengerang Refining Company Sdn.…
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Moody’s Affirms Saudi Arabia’s Aa3 Rating amid Resilience to Global Shocks
Saudi Arabia has retained its “Aa3” credit rating with a “stable” outlook by Moody’s credit rating agency, reported the Saudi…
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Mawani Launches CMA CGM Ocean Rise Express Service at Jeddah Port
Saudi Arabia’s Ports Authority (Mawani) has added CMA CGM’s Ocean Rise Express (OCR) service to Jeddah Islamic Port, according to…
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East-West Pipeline Powers Saudi Arabia’s Strongest Trade Surplus Since 2022
Saudi Arabia recorded its highest merchandise trade surplus since 2022 in March, as oil exports climbed 37.4% to SAR 92.5…
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SFD Supports New Investment Packages in Oman’s Al Dhahirah Economic Zone
Saudi Fund for Development (SFD) Chief Executive Officer Sultan Abdulrahman Al-Marshad attended the signing of agreements between Oman’s Public Authority…
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Saudi Mawani Connects Jeddah, Salalah, Djibouti via New Shipping Service
The Saudi Ports Authority (Mawani) has introduced a new shipping service to Jeddah Islamic Port to enhance maritime connectivity and…
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GCC, UK Sign Historic £3.7bn Trade Deal
The Gulf Cooperation Council (GCC) and the UK on Wednesday signed a Free Trade Agreement (FTA), concluding four years of…
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Azerbaijani Deputy PM Visits Saudi Pavilion during World Urban Forum in Baku
Azerbaijan’s Deputy Prime Minister, Samir Sharifov, visited the Saudi pavilion at the 13th World Urban Forum (WUF13), currently taking place…
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Saudi Arabia Re-Elected as Global Research Council Vice Chair for 3rd Term
The Board of Governors of the Global Research Council has unanimously re-elected the Kingdom of Saudi Arabia as Vice Chair…
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Saudi Aramco, Pasqal Unveil Kingdom’s First Quantum Computer
Saudi Aramco and Pasqal have jointly launched Saudi Arabia’s first quantum computer, marking a significant technological milestone for the Kingdom.…
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