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...
Saudi Arabia Breaks Ground on $50B Mukaab, Set to Become the World’s Largest Building
Saudi Arabia is embarking on an unprecedented architectural endeavor with the groundbreaking of The Mukaab, a $50 billion project in Riyadh poised to become the...
Neom Megacity’s Steel Appetite: Saudi Project Consumes One-Fifth of Global Supply
Saudi Arabia's ambitious Neom megacity project is making headlines with its staggering demand for steel, accounting for 20% of the world's supply. Launched in 2017...
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...
Cityscape Global Gears Up for Its Biggest Show in Riyadh
The upcoming edition of Cityscape Global, the Middle East’s premier real estate event, is set to become the largest in the international series' history. Organized...
Pizza Hut Launches Inclusive ‘Opportunity4All’ Restaurants in Saudi Arabia
Pizza Hut is taking a significant step towards inclusivity by launching its first ‘Opportunity4All’ restaurant in Saudi Arabia. In collaboration with Americana Restaurants, the global...
AVIAREPS Opens Office in Saudi Arabia
AVIAREPS, a leading international representation company for aviation, tourism, and hospitality, has expanded its global footprint by opening a new office in Riyadh, Saudi Arabia....