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...
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,...
Saudi Industrial SMEs Can Take Advantage of SIDF’s $1 Billion Stimulus Package
The Saudi Industrial Development Fund (SIDF) announced a $1 billion stimulus package that allocates funds to small and medium-size private industrial enterprises. The package...
USSBC Congratulates H.R.H. Princess Reema bint Bandar for International Olympics Committee Membership Nomination
H.R.H. Princess Reema bint Bandar, Saudi Arabian Ambassador to the U.S. and friend of the Business Council, has been nominated...
Amaala Awards Parsons Construction Supervision Contract
Amaala, Saudi Arabia’s ultra-luxury megaproject located along the northwestern coast, awarded Saudi Arabian Parsons Limited construction supervision contract to provide...
G20 Framework Working Group Meet to Review Progress on G20 Action Plan
The Framework Working Group (FWG) held a virtual meeting on June 8 to facilitate and review the implementation of the...
TAQNIA Selects Lockheed Martin to Build New Satellite Ground System for Saudi Arabia
The Saudi Technology Development and Investment Company (TAQNIA) has selected Lockheed Martin to establish a new ground system to monitor...