Tag: Saudi Business News
Saudi’s Motiva could revive its shelved multibillion-dollar plastics project
Motiva Enterprises, a fully-owned affiliate of Saudi Aramco, eyes to begin a multibillion-dollar expansion project at its Texas Gulf Coast refinery in 2023, producing...
Belgian healthcare consultancy Hict opens its regional HQ in Riyadh
Hict, a Belgian healthcare consultancy has opened its new, privately-owned, regional headquarters in Riyadh for direct operations in the Middle East (ME).
Earlier in January...
Saudi telecom regulator awards licenses to 2 new virtual network operators
Saudi Arabia's telecom regulator has granted licenses to two new Mobile Virtual Network Operators (MVNOs), raising the total number of mobile telecom companies in...
Saudi Development fund unveiled solar power project for schools in Pakistan
Saudi Arabia unveiled a solar power project which is designed to provide energy to 1,240 schools, which would help more than 135,000 students annually.
This...
Saudi Aramco to raise fund through Islamic bond sale; Hires banks
Saudi Arabia’s multinational petroleum and natural gas company, Saudi Aramco is issuing US dollar-denominated, sharia-compliant bonds as it targets to raise funds to boost...
Saudi credit market to see healthy growth powered by diversification
As the Arab world’s biggest economy pushes forward with its diversification strategy, the credit market in Saudi Arabia is expected to grow in double...
UAE’s Careem welcomes localization of the ride-hailing sector in Saudi
Dubai headquartered ride-hailing service Careem has welcomed the Saudi Arabia government’s decision to fully localize the sector in the Kingdom noting the move would...
APICORP provides $125mn 5-year Shariah-compliant facility to ACWA
Arab Petroleum Investments Corporation (APICORP), the Middle East and North Africa (MENA) region's multilateral development financial institution, has signed a $125 million 5-year Shariah-compliant...
