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The president of Saudi Aramco company, engineer Amin Al-Nasser, said that the purchase of “SABIC” shares from the Public Investment Fund was carried out on purely commercial grounds. Al-Nasser explained that the evaluation of the selling price relied on a long-term view of value creation and not on considerations, the…
The Saudi minister of finance, Mohammed Al-Jadaan, has declared in an interview with “al Arabiya” that Saudi Arabia had spent more than SR 180 Billion to face the pandemic of coronavirus. Saudi Arabia is going through a wide range of options to deal with the pandemic, but the government of…
In every crossroads, there are always losses as well as opportunities. COVID-19 has turned up the scale of the world economy. So, industries got affected by the stay-home policy that most of the countries have imposed. There are significant industries that got disturbed by the pandemic of coronavirus; their revenue…
Egypt achieved progress in the electricity domain over the past five years, said director of the energy sector at the African Union Commission Cheikh Bedda on Sunday. During the opening session of Al Ahram third energy conference, Bedda called for enhancing the institutional framework to boost power linkage projects among…
MOHAMED IQBAL LATONA is the first ambassador of the Republic of Mauritius to Saudi Arabia. Alexander Woodman sat down with Ambassador Latona to discuss the development of bilateral relations between the two countries. Until a year ago Mauritius did not have an embassy in Saudi Arabia. As your country’s first…
The August 2018 chart book by Jadwa Investments provides useful insights into Saudi Arabia’s economy. Real economy Data for June showed mixed economic activity. While PoS transactions were up 6.8 percent year-on-year, ATM transactions were down 4.4 percent, reflecting slower activity during the eid al-fitr holidays. Cement sales continued to drop, with a…
In a 2016 interview with al-Arabiya television, Saudi Arabia’s crown prince Mohammed bin Salman did not mince words when he said: “We have developed a case of oil addiction.” This is the central economic dilemma facing Saudi Arabia and the other oil-producing countries of the Middle East – their dependence…
In a two-page opinion piece published in the Monday July 23 issue of Arab News, Prince Khalid bin Salman, the Saudi Ambassador to the United States, warned the world that Iranian aggression must be confronted. Appeasement was unsuccessful in halting Nazi Germany’s rise to power, he wrote, and it would…
Saudi Arabia’s record $17.5 billion bond issue Saudi Arabia conducted the largest-ever emerging market bond sale last month, selling $17.5 billion of debt in the government’s first international offer while attracting investor orders totalling almost four times that amount. Reuters attributed the huge demand, larger than many market participants had…
One hundred of the world’s most promising business leaders and social entrepreneurs under the age of forty have been selected to join the World Economic Forum’s community of Young Global Leaders. The 2018 nominations include nine outstanding young leaders from the Middle East and North Africa The Young Global Leaders class…
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