Tag: Saudi Arabia Business News
Resilient Saudi witness a rise in FDI despite COVID-19: Minister
Saudi Arabia's Minister of Investment Khalid al-Falih said that the foreign direct investment (FDI) had risen by 12 percent in the first half of...
Saudi Arabia takes safeguarding lives and economy as its top priority
When the G20 Summit in Riyadh is taking place in an exceptional situation of the pandemic, the Kingdom’s priorities are to safeguard the lives...
Saudi Arabia Vs. Russia: Who will become China’s top oil supplier...
Even as the coronavirus pandemic hit global oil demand this year, Saudi Arabia and Russia are in a close battle to become China's top...
Saudi’s PIF raises stake in ACWA Power to support energy sector
The sovereign wealth fund of Saudi Arabia, Public Investment Fund (PIF) said that it has raised its stake in Riyadh-based ACWA Power from 33.6...
SABIC consolidates its agri-nutrients business with SAFCO deal
Saudi Arabian multinational chemical manufacturing company Saudi Basic Industries Corp (SABIC) will sell its agri-nutrients business to Saudi Arabia Fertilizers Co (SAFCO), a firm...
Saudi Arabia raises minimum wages for citizens to $1066
The Saudi Arabia Ministry of human resources and social development has stated that it would increase the monthly minimum wage for the Kingdom’s citizens...
Saudi Arabia plans to boost hydrogen production; Energy minister
Saudi Arabia’s minister of energy, Abdulaziz bin Salman Al Saud said that the world's largest oil exporter is strategizing a plan to enhance hydrogen...
Saudi Arabia aids Egypt’s digital future with $6.4mn grant
Saudi Arabia has provided a $6.4 million grant to one of the largest banks in Egypt to support digital transformation and promote local craft...
