Saudi Arabia’s leading beauty-focused e-commerce platform, Nice One Beauty Digital Marketing Company, has announced its plans to undertake an initial public offering (IPO) on the...
Mideast Stocks Surge on Oil Rally as Egypt Faces Decline
Gulf stock markets rallied on Sunday driven by rising oil prices, while Egypt's index slipped amid economic concerns. Oil Prices Propel Gulf Markets Higher Oil...
Egypt’s Red Sea Wind Energy Secures $51M Loan from JBIC to Expand Wind Farm Capacity
Egypt's renewable energy sector takes a significant leap forward as Red Sea Wind Energy signs a $51 million loan deal with Japan Bank for International...
Saudi: Qassim Cement to Pay $19.06 Million Dividends for Q3-24 Following 800% Profit Surge
Qassim Cement Company has declared a substantial cash dividend of SAR 71.34 million ($19.06 million) for the third quarter (Q3) of 2024, as disclosed in...
Saudi Arabia: Iranian Saffron Spices Up Riyadh Season
The Riyadh Season continues to captivate visitors with its diverse array of cultural and entertainment offerings. This year, the introduction of an Iranian pavilion featuring...
Best Hotels in Riyadh, Saudi Arabia
The Ritz-Carlton, Riyadh stands as a beacon of luxury and elegance. Nestled within a sprawling garden, this hotel features opulent rooms, a lavish spa, and...
QatarEnergy Acquires 23% Stake in Egypt’s Offshore North El-Dabaa Block from Chevron
QatarEnergy has announced the acquisition of a 23% stake in the North El-Dabaa (H4) offshore exploration block in Egyptian waters from Chevron (CVX.N). This strategic...
Egypt-Saudi Arabia Trade Exchange Soars to $7.5 Billion in First Nine Months of 2024
The trade relationship between Egypt and Saudi Arabia has witnessed a substantial uptick, with the Central Agency for Public Mobilization and Statistics (CAPMAS) reporting a...
Malaysia and Egypt Eye Mutual Market Access Opportunities, Says MITI Minister Zafrul Aziz
KUALA LUMPUR: Malaysia and Egypt have significant opportunities to help each other access their respective markets, said Investment, Trade and Industry (MITI) Minister Tengku Datuk...
Egypt’s Agricultural Exports Surge by 32% Amid Expanding Fertile Lands
Egypt's agricultural exports have seen a remarkable 32% increase in the first ten months of 2024, a significant leap that highlights the country's expanding agricultural...
AuKing Mining Clinches Saudi Gold Exploration Licence in Competitive Bid
AuKing Mining Ltd (ASX), in partnership with Saudi Arabian firm Barg Alsaman Mining Company (BSMC), has emerged victorious in securing the Shaib Marqan exploration licence,...
Egypt’s Petroleum Ministry Ties Arrears Payments to Production Boost Amid Declining Gas Output
Egypt is implementing strategic measures to address outstanding debts to international oil companies by linking arrears payments to increased gas production. This initiative aims to...
Saudi Aramco Reports 15% Drop in Q3 Profit Amid Persistently Low Oil Prices
Saudi Aramco, the global energy titan, announced a significant 15% year-on-year decline in its third-quarter profits, attributing the downturn to sustained low oil prices. In...
Albilad Capital Acquires Mövenpick Hotel & Residences in Riyadh’s Al-Ghadir for SAR 1 Billion
Albilad Capital marks a strategic move into Riyadh's booming hospitality sector with the acquisition of Mövenpick Hotel & Residences. In a significant development for Saudi...
Otsuka Group Bolsters Middle East Presence with $40 Million Investment in Egypt
Japan’s Otsuka Group is set to make a significant leap in the Middle Eastern market with a new $40 million manufacturing plant in Egypt. The...
ITV Exposure Unveils Harrowing Realities Behind Saudi Arabia’s Mega Projects
In a groundbreaking episode, ITV Exposure dives deep into the heart of Saudi Arabia’s most ambitious development, revealing shocking truths about the working conditions under...