King Salman Extends Initiatives to Support Private Sector during Pandemic
Aiming to mitigate the economic fallout on the private sector due to the COVID-19 pandemic, H.M. King Salman has issued a royal...
Work Begins on Phase One of the Diriyah Gate Project
Saudi Arabia’s mega-project, Diriyah Gate, begins phase one of the $20 billion project, as announced by the Diriyah Gate Development...
G20 Global Partnership for Financial Inclusion Promote Financial Inclusion for Youth, Women, and SMEs
The G20 Global Partnership for Financial Inclusion (GPFI) concluded a two-day meeting on June 26 to finalize the G20 High-Level...
Raytheon Wins $2.27 Billion Contract for Saudi Arabia
Raytheon Technologies was awarded a $2.27 billion contract to supply seven gallium nitride based transportable surveillance radars to Saudi Arabia...
National Commercial Bank and Samba Sign Framework Agreement for Potential Merger
The National Commercial Bank (NCB), Saudi Arabia’s largest bank by assets, entered a framework agreement on June 25 with Samba...
Sadara and Sipchem Join Forces on Ethanol Production to Support Saudi Arabia’s Fight Against COVID-19
Sadara Chemical Company (Sadara) and Sahara International Pertrochemical Company (Sipchem) are collaborating to produce a total of 100,000 kilograms of...
Khalid Al-Dabbagh Joins SABIC as Chairman
Saudi Basic Industries Corporation (SABIC) names Khalid Al-Dabbagh as new board chairman. Khalid Al-Dabbagh is currently Senior Vice President of...
Saudi Aramco Announces $70 Billion SABIC Stake Deal
Saudi Aramco has finalized its purchase of a 70% stake acquisition in petrochemicals company, Saudi Basic Industries Corporation (SABIC), from...
Amazon.sa is Coming to Saudi Arabia
Amazon and Souq announced the launch of Amazon.sa to serve customers in Saudi Arabia. The online platform will redirect Souq...
National Water Company’s $28.5 Million Projects Officially Underway in Dammam
In efforts to finalize key projects and raise the quality of services in the Easter Province, the National Water Company,...