Copper ore was discovered at four sites in the Al-Madiq area in the Wadi Al-Faraa region in Madinah
The strategy will be implemented through 86 initiatives covering the entire value chain, launched and managed by over 20 government and private entities
The bank appointed Al Khatib as its CEO in the kingdom in 2021
The organisations intend to localise digital solutions and exchange experiences and knowledge in the field of data management and governance
The second edition of the Global AI Summit brings together various stakeholders to discuss the future of artificial intelligence and the kingdom’s contribution to this field
It’s the highest monthly production level the kingdom has reported to OPEC since April 2020
The Public Investment Fund signed a pact to acquire a 30 per cent stake in Almosafer Travel & Tourism
GDP overall grew a revised 12.2 per cent from a year earlier, the fastest since 2011
Authorities said that they will be monitoring content offered by the streaming service
The new milestone surpassed the previous record set in June 2022 by 11,031 TEUs
Growth in the Saudi non-oil economy reached a 10-month high in August
Flights connecting the two destinations will commence from September 15
The company aims to build a comprehensive real estate registration database, covering data of property units across the kingdom
The new regulation bolsters the kingdom’s aim to welcome 100 million visitors a year by 2030
Commodities including oil have also faced a headwind this month from gains in the dollar
The deal will be instrumental in supporting the Fasah platform in addition to streamlining operational efficiency and boosting competitiveness at Saudi ports
As the aviation sector’s recovery has quickened, IATA recently upgraded its outlook for the industry’s financial performance this year
The Middle East’s budget carriers are cashing in on the growing trend for affordable luxury and increasing demand
The new flights will connect the Saudi capital as well as major cities with European destinations including Bucharest, Budapest, Milan, Naples, Rome, Venice and Vienna
The country’s top trading partner during June was China with exports reaching SAR21bn riyals
The wealth fund is boosting its investments in equities as Saudi Arabia’s income from oil almost doubled in the second quarter
The decision coincides with the start of the Umrah season for the current year
Aramco posted a 90 per cent year-on-year increase in net income in Q2 2022 to 48.4bn and declared a dividend of $18.8bn to be paid in Q3
The mining company reported that sales rose 95 per cent quarter-on-quarter to SAR11.9bn, bringing H1 2022 sales to SAR20.8bn, an 80 per cent improvement on H1 2021
Saudi Aramco plans to begin permanently storing carbon dioxide from 2026 in one of the largest facilities of its kind, as the state oil giant seeks to reach its goal of net-zero emissions by 2050
The company will invest in swathes of Egypt’s economy from infrastructure and real estate to pharmaceuticals
The MoU aims to explore the future of sustainable transport in the kingdom and identify investment opportunities in railway infrastructure
State producer Saudi Aramco increased its Arab Light grade for next month’s shipments to Asia to $9.80 a barrel
Aramco will benefit from VGP’s robust manufacturing and distribution network, significant R&D capabilities, strong partnerships with major OEMs
The OPEC+ alliance will meet via video conference on August 3 to decide on future production policy