Tag: Saudi Arabia Business News
Saudi startup WeDeliver secures $2.4mn to fund its MENA expansion
Saudi Arabia-based startup focussing on delivery services, WeDeliver has raised $2.4 million, in what is said to be the biggest pre-seed funding round to...
Fitch revises outlook of 6 Saudi banks to ‘Stable’; Affirms rating...
American credit rating agency, Fitch Ratings has revised the outlook of six lenders in Saudi Arabia to stable from negative and affirmed the foreign...
Saudi Arabia halts $2bn sale of Ras Al Khair desalination plant
Saudi Arabia has halted the privatization of the Ras Al Khair desalination and power plant, the world's largest water plant, which was one of...
Saudi Arabia extends residency permits, visas for expats stranded abroad
Saudi Arabia’s General Directorate of Passports has started to automatically extend the validity of residence permits (Iqama) for expatriates, who are outside the Kingdom...
Saudi premium residency visa holders can avail tasattur status modification concessions...
Saudi Arabia’s National Program for Combating Commercial Concealment confirmed that it will continue correcting the status of companies involving commercial concealment (tasattur), with the...
Saudi Arabia is keen to enhance ties with countries in Central...
Saudi Arabia's Foreign Minister Prince Faisal bin Farhan Al Saud has stated that the Kingdom believes that building regional interdependence and developing long-term global...
Saudi PIF & Chinese firm Cosco acquire minority stake in Red...
Saudi Arabia's sovereign wealth fund, Public Investment Fund (PIF), and Chinese shipping company Cosco Shipping Ports have jointly acquired a 40 percent equity stake...
Saudi’s Ma’aden inks deal for supply of calcined petroleum coke with...
Ma'aden Aluminum Company (MAC), an affiliate of the Saudi Arabian Mining Company (Ma’aden), has signed a contract with Saudi Calcined Petroleum Coke Company (SCPC)...
