Saudi Ground Services Co.’s (SGS) board of directors approved on May 23 to set up a new wholly owned limited liability subsidiary in Saudi Arabia, according to a statement to Tadawul. The new unit, “Ground Service Co. for Travel and Tourism Services” is capitalized at SAR...
The real key to success in Forex trading is a proper choice of a trading platform. A trading platform is the interface located between the trader and the currency market. It provides the features and tools added for analysis and trading execution. First, let's understand what a trading...
It won't ever be a surprise to hear that countries in the Middle East can get extremely hot. Riyadh sits on the desert plateau and can see temperatures as high as 50°C through the summer months. This part of the world has two seasons: hot and even hotter, but the weather isn't the only decider of...
The production capacity of desalination plants in Saudi Arabia currently stands at 9.4 million cubic meters per day, Saud Al-Murshed, Director of Planning, Deputy Ministry for Water at the Ministry of Environment, Water and Agriculture (MEWA), said. The ministry targets 16.2 million cubic meters of ...
Saudi Arabia will change the global tourism map, Ahmed Al Khateeb, Minister of Tourism and Chairman of the Executive Council of the United Nations World Tourism Organization (UNWTO), said. He highlighted that the opportunities and facilities it offers to investors will make the tourism sector more...
The rating agency Moody's affirmed Saudi Arabia's 'A1' rating, with positive outlook, Saudi Press Agency reported. The Kingdom’s rating, according to the agency, came in line with the tangible progress the government has achieved in comprehensive reforms since 2016, as well as the...
Saudi Arabia is planning a $10 billion share sale in Aramco, Reuters reported. The share sale is expected to take place as soon as June in what would be one of the region's biggest stock deals. The preparations are ongoing and the details could still change, two sources...
Almuneef Co. for Trade, Industry, Agriculture, and Contracting announced the renewal and increase of its financial facilities contract with Bank Albilad. In a statement to Tadawul, the company said the facilities’ renewal for the previous year totaled SAR 13 million, with approval for an...
Dubai Production City, the Middle East’s leading destination dedicated to printing, packaging, and production industry excellence, has announced its participation in drupa, the world’s leading trade fair for the printing and graphics sector taking place from 28th May to 7th June 2024 in...
The Export-Import Bank of Korea (Eximbank) announced on Thursday that it will provide the Amiral petrochemical complex project in Saudi Arabia with $1 billion in financing, Yonhap News Agency reported, citing a statement. The project was awarded to Hyundai Engineering & Co. This project...
