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US-based EIG-led consortium closes deal to buy Aramco pipelines business

US-based leading institutional investor to the global energy sector, EIG has stated that a consortium it led has closed a deal to buy 49...

Philippines looks for advanced labor cooperation with Saudi Arabia

The Philippines is seeking advanced labor cooperation with Saudi Arabia to uphold and protect the rights of overseas Filipino workers (OFWs) in the Gulf...

Saudi, Russian Business officials propose Russian bank in Riyadh to facilitate...

The Saudi-Russian Business Council of the Federation of Saudi Chambers (CSC) has proposed to establish a Russian bank in Riyadh to facilitate trade and...

Saudi Arabia’s ‘Fashion Future’ online event focuses on sustainability & diversity

Saudi Arabia’s flagship fashion event, Fashion Futures has relaunched as a digital platform with a live event titled "Fashion Futures Live: Moving Towards Sustainability,...

Saudi Aramco raises $6bn through US dollar sukuk sale

Saudi Arabia’s multinational petroleum and natural gas company, Saudi Aramco has raised $6 billion through its first US dollar-denominated sukuk issue. According to the company...

Saudi Arabia placed among top 10 countries using latest internet protocol

Saudi Arabia has joined the list of the world's top ten countries using the latest Internet Protocol version (IPv6), the Communications and Information Technology...

ACWA Power secures $749mn in its maiden 7-year sukuk issuance

Saudi Arabia’s leading developer ACWA Power successfully raised $746 million through a senior, unsecured floating Sukuk rate issuance with a 7-year tenor, under the...

French firm GE wins contract to build turnkey substation for IWP...

France-based GE Renewable Energy’s Grid Solutions has won a contract from Doosan Heavy Industries and Construction to develop a turnkey substation that will power...
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