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UAE, Costa Rica agree terms on a comprehensive economic partnership agreement
The UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al-Zeyoudi and his Costa Rican counterpart Manuel Tovar have signed a joint statement confirming the conclusion of negotiations toward a comprehensive economic partnership…
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Riyadh, Amman sign deal to boost cooperation in energy sector
Saudi Arabia and Jordan on Thursday signed an agreement to increase cooperation in the energy sector.
The deal serves as a blueprint for harmonizing their shared objectives and interests. It seeks to promote collaboration across diverse…
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Saudi Arabia signs MoU with Brazil’s Vale for iron ore project
The Royal Commission for Jubail and Yanbu on Thursday signed a memorandum of understanding with Brazilian mining company Vale for the development of an iron ore briquettes project in the Kingdom.
The MoU was signed on the sidelines of…
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Saudi Arabia’s Quality of Life Program concludes deals worth over $200m to promote positive living
Saudi Arabia’s Quality of Life Program concluded 20 agreements and strategic partnerships with government agencies, the private sector, and the non-profit sector in 2023, resulting in the marketing and implementation of investment…
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Innovation and sustainability in the spotlight at Real Estate Future Forum in Riyadh this month
Emerging property trends, in particular innovations and sustainable solutions, will be in the spotlight at the third Saudi Real Estate Future Forum in Riyadh from Jan. 22 to 24.
More than 300 speakers from 85 countries, representing the…
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Saudi utility company ACWA Power signs $1.5bn wind energy deal with Egypt
The Egyptian government signed an agreement on Wednesday with a consortium led by Saudi utility company ACWA Power for wind energy production in the Gulf of Suez and Gulf of Zeit.
The project aims to generate 1.1 gigawatts of power and…
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Saudi Arabia ups mineral resource estimates to $2.5tn — minister
Saudi Arabia has revised upwards estimates for its untapped mineral resources including phosphate, gold and rare earths to $2.5 trillion, from a 2016 forecast of $1.3 trillion, its mining minister said.
Mining is a key part of Riyadh’s…
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Chinese brands eye profits in 2024 with EV upgrades
Chinese auto brands are set for better profitability in 2024 despite intensifying competition in the world’s largest auto market, UBS analysts said on Tuesday, thanks to upgrades they have been making in their electric vehicle product mix.…
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Amazon among multinational giants to obtain regional HQ license in Saudi Arabia before deadline
Google, Microsoft, and Amazon were among several multinational giants to obtain licenses for regional headquarters in Saudi Arabia in time to qualify for government contracts, official data showed.
In 2023, it was announced that…
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US crude production to touch a record in 2024: EIA
US crude production will rise to record highs in 2024 and 2025, but will grow less than it did last year, the U.S. Energy Information Administration said on Tuesday.
In its Short-Term Energy Outlook, EIA projected US crude production…
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