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Saudi Arabia seeks stronger ties with Brazil in mining sector
A high-level Saudi delegation continued discussions in Brazil on Sunday to enhance bilateral ties and advance Saudi Arabia’s mining sector.
On July 28, Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef visited Vale’s…
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Saudi Investment Ministry to assist Hail region achieve full economic potential
Saudi Arabia’s northern province of Hail is set to attract increased investments due to its strategic and logistical importance, as emphasized by the region’s governor.
Hail Gov. Prince Abdulaziz bin Saad highlighted the pivotal role of…
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Saudi insurance sector to consolidate as Buruj and MedGulf sign merger deal
The Saudi insurance sector is set for consolidation as two leading firms signed a non-binding memorandum of understanding to explore a potential merger.
The MoU between Buruj Cooperative Insurance Co. and the Mediterranean and Gulf…
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Saudia tops global airline list for on-time performance in June
Saudi Arabia’s national carrier has topped the list of global airlines as it achieved an 88.22 percent on-time arrival rate in June, according to new data from the independent aviation tracking site Cirium.
Saudia also recorded an…
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Oman’s total credit balance hits $81bn in May
Private sector credit growth has driven Oman’s total credit balance to 31.1 billion Omani rials ($80.9 billion) by the end of May 2024, marking a 3.2 percent annual increase, according to the latest data from the nation’s central bank.…
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Riyadh to host UN-affiliated industrial forum in October
Saudi Arabia will host the second Multilateral Industrial Policy Forum, affiliated with the UN Industrial Development Organization, in Riyadh this October.
The forum, organized by the Kingdom’s Ministry of Industry and Mineral Resources,…
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Turkiye to host 1st round of free trade pact negotiations with GCC states
Turkiye will hold the first round of negotiations of the Free Trade Agreement with Gulf Cooperation Council states during a three-day event to enhance economic exchange in goods, services, and investment.
The meeting, set to be held July…
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Egypt signs investment deals worth $340m to boost oil and gas production
Egypt’s Ministry of Petroleum and Mineral Resources signed two agreements with international companies on Sunday to invest $340 million to boost oil and gas production in the Mediterranean and Gulf of Suez.
After discussions between…
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Saudi banks in strong position to harness the benefits of economic diversification
Saudi banks will see their client base expand and earnings increase thanks to government-backed economic diversification efforts that are driving innovation and boosting productivity, according to a new report.
According to Moody’s…
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Unearthing the transformative potential of Saudi Arabia’s mining sector
Saudi Arabia’s mining sector is on the cusp of a transformative era, with the Kingdom determined to become a global leader in the industry. But have you wondered what treasures lie beneath its lands?
Saudi Arabia is rich in minerals…
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