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...
KAPSARC Headquarters Achieves LEED Platinum Status
The King Abdullah Petroleum Studies and Research Centre’s (KAPSARC) headquarters in the outskirts of Riyadh has received LEED Platinum status...
Saudi Arabia Grants Stock Exchange Access to Foreign Investors
The Capital Market Authority’s (CMA) Chairman, Mr. Mohammed El Kuwaiz, has announced that foreign investors will now be permitted to...
S&P Global Ratings Launches Operations in Riyadh
The Capital Market Authority has issued Standard & Poor’s Global Ratings (S&P) with its final required license, allowing the agency...
PIF Undertakes Multi-Billion Dollar Investments in Diversified Saudi Sectors
The Public Investment Fund (PIF) invested $506 million (SR1.9 billion) to establish Super Esco, a new company that aims...
Saudi Arabia Revises Rules to Boost Asset Management Market
The Capital Market Authority (CMA) has loosened financial regulations to enhance asset management activity and increase private equity and venture...