TAQNIA Alliance to Enhance Aviation Manufacturing in Saudi Arabia
TAQNIA Aeronautics and several other Saudi aviation companies have signed a memorandum of understanding (MoU) to manufacture airplanes within the...
Saudi Aramco Awards 8 Contracts Worth $4.5 Billion
Saudi Aramco has signed oil and gas agreements with five contractors in deals worth nearly $4.5 billion. Recipients of the...
Saudi Arabia Clarifies VAT Exemptions
Saudi Arabia’s General Authority of Zakat and Tax (GAZT) has clarified that items classified as zero-rated, exempt, or outside the...
GE and SEC Collaborate to Boost Saudi Power Sector
GE Power and the Saudi Electricity Company (SEC) signed two agreements to collaborate on identifying solutions which promote gas turbine...
Fitch Ratings Commends Saudi Economic Reforms, Affirms A+ Rating
The Fitch Ratings Agency has maintained its A+ on Saudi Arabia with a stable outlook, citing the effectiveness of the...