Jeddah
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Posted On NewsAramco buys 50% of local blue hydrogen producer
Saudi Aramco has purchased a 50 percent stake in a low-carbon hydrogen production plant in Jubail, a city on the Gulf, owned by a unit of…
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Posted On NewsUmm Al Qura shares soar as more Saudi IPOs approved
Shares in Saudi Arabia’s Umm Al Qura for Development and Construction surged 30 percent on Monday, the maximum allowed on a first day of trading.…
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Posted On NewsAramco launches its first carbon capture facility
Saudi Aramco has launched its first facility to remove carbon dioxide (CO2) from the air in a joint venture with Siemens. This is the company’s first…
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Posted On NewsFive more IPOs approved by Saudi regulator
Five more companies have received approval to sell shares in initial public offerings from Saudi Arabia’s Capital Markets Authority regulator. Already this year three Saudi…
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Posted On NewsDanish logistics partner rues Neom delays
Denmark’s DSV A/S, one of the world’s largest freight and logistics companies, said that expected profit from a $10 billion joint venture with Saudi Arabia’s…
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Posted On NewsSport Clubs gets nod to list 30% on Saudi bourse
Perusahaan Klub Olahraga yang berpusat di Riyadh telah menerima persetujuan untuk melepas 30 persen modal sahamnya di bursa saham Saudi. Badan Pengawas Pasar Modal telah…
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Posted On NewsSaudi Arabia’s $1 trillion Trump bet and its possible returns
Donald Trump’s approach to policy is often described as transactional: he is a tough New York dealmaker, not a politician from the Washington swamp. Yet…
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Posted On NewsAl Akaria explores new launches after four-fold profit rise
Saudi Real Estate Company (Al Akaria) said net profit for 2024 nearly quadrupled amid a rise in property sales and rental income. Profit surged to…
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Posted On NewsNeom-backed Volocopter bought by Chinese company
Chinese automotive and aerospace group Zhejiang Wanfeng Auto Wheel has acquired failed German air taxi developer Volocopter, a partner in Saudi Arabia’s Neom giga-project, for $11…
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Posted On NewsS&P raises Saudi Arabia’s rating amid ongoing reforms
S&P Global Ratings has upgraded Saudi Arabia’s rating to “A+” from “A” with a stable outlook, citing socioeconomic and capital market reforms. Strong non-oil growth…
Liyana Parker
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