News
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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…
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Posted On NewsChinese demand for Saudi crude to drop 13% in April
Shipments of crude oil by Saudi Arabian to its biggest customer, China, are expected to drop in April to their lowest in more than a…
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Posted On NewsPIF considers new stadium for Newcastle United
Saudi Arabia’s sovereign wealth fund is considering funding a new stadium development for English Premier League (EPL) side Newcastle United, according to UK media reports.…
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Posted On NewsIEA’s hard line on oil glut clashes with Opec forecast
The International Energy Agency (IEA) has said US tariffs will contribute to a decline in global oil demand growth this year, once again contrasting with Opec’s more…
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Posted On NewsAcwa Power bolsters renewables presence in China
Saudi Arabian energy company Acwa Power has opened a renewable-energy innovation centre in Pudong New Area in Shanghai. The move is part of the company’s aim to…
Liyana Parker
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