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...
Saudi Arabia’s Workforce Revolution: Women Driving Factory Success
In recent years, Saudi Arabia has witnessed a remarkable transformation in its industrial sector. Women are increasingly taking the helm in factories across the kingdom,...
Saudi EXIM Bank Signs Three MoUs to Boost Non-Oil Exports Globally
The Saudi Export-Import Bank (Saudi EXIM) has taken a significant step towards diversifying Saudi Arabia’s economy by signing three memoranda of understanding (MoUs) with major...
Egypt Achieves USD 4.04 Billion in Agricultural Exports Within First 10 Months of 2024
Egypt has reported a remarkable surge in its agricultural exports, surpassing 6.9 million tons between January 1 and October 16, 2024. This impressive performance has...
Saudi Arabia Sets Sights on Global Logistics Leadership by 2030
RIYADH — Saudi Arabia is gearing up to transform itself into a premier global logistics hub by 2030, according to Abdulaziz Al-Duailej, president of the...
BPKH Limited Partners with Sidra Capital to Manage Saudi Hotels
BPKH Limited, a subsidiary of Indonesia's Hajj Financial Management Agency (BPKH), has announced a strategic partnership with Sidra Capital to manage hotel assets as part...