Jeddah
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Posted On NewsMa’aden signs $1bn contracts to develop industrial cities
Saudi mineral giant Ma’aden has signed three contracts worth a combined $922 million with foreign companies to develop a third phosphate fertiliser project. The majority…
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Posted On NewsMa’aden announces new gold discoveries in Saudi Arabia
Saudi Arabia’s state-owned mining company Ma’aden has announced the discovery of “multiple intercepts of recoverable gold and copper grades” in exploratory sites at Wadi al…
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Posted On NewsSale of enriched uranium announced by Saudi Arabia
Saudi Arabia intends to export enriched uranium, the country’s energy minister, Prince Abdulaziz bin Salman, said on Monday. The announcement is the latest indication of…
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Posted On NewsSaudi Arabia exceeds 2030 target for regional HQs
Global companies opening regional headquarters in Saudi Arabia have exceeded the Vision 2030 target, the investment minister has said. The number of companies setting up their main…
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Posted On NewsLenovo completes $2bn deal to open Saudi PC factory
The Chinese computer maker Lenovo Group will open a PC manufacturing facility next year in Saudi Arabia after the completion of a $2 billion investment deal…
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Posted On NewsRising fuel and feedstock prices could fund Vision 2030
Higher feedstock and fuel prices introduced in Saudi Arabia are likely to play a part in funding the kingdom’s trillion-dollar Vision 2030 programme, according to a…
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Posted On NewsNew Lebanese president faces uphill task on economy
Joseph Aoun, the new Lebanese president who was elected on Thursday, faces an uphill task of pulling his country out of the worst financial crisis since…
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Posted On NewsSaudi Arabia’s PIF invests $200m in JP Morgan fund
Saudi Arabia’s Public Investment Fund has invested $200 million in a recently launched exchange-traded fund that tracks dollar-denominated bonds and sukuk issued by the kingdom’s government and…
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Posted On NewsSaudi Aramco leads $30m investment in tech startup
Wa’ed Ventures, the $500 million venture capital fund owned by Saudi Aramco, and Japanese conglomerate Sumitomo have invested in Zension Technologies, a consumer electronics startup. Wa’ed…
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Posted On NewsSaudi Arabia estimates 2025 budget funding at $37bn
Saudi Arabia will need estimated funding of SAR139 billion ($37.02 billion) in 2025 to cover the potential budget deficit. Finance minister Mohammed Al Jadaan has…
Liyana Parker
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