Tag: Saudi Arabia

Nigeria’s NNPC adopts Saudi Aramco’s security model to curb oil theft

September 1, 2022

Nigeria has decided to adopt the security infrastructure similar to that of Saudi Arabia’s oil giant Aramco to protect its oil pipelines and curb theft. ... Read More

Saudi Arabia to build world’s largest wind farm in Uzbekistan to bridge energy shortages at home

August 24, 2022

Saudi Arabia has pledged to invest $14 billion in Uzbekistan including the construction of the world’s largest wind farm with a capacity of 1.5 GW ... Read More

Saudi central bank grants license to two new fintech firms

August 24, 2022

The Saudi Central Bank (SAMA) Tuesday issued operation permits to “Lean Technologies” and “Mod5r”, two companies which will provide Open Banking Solutions. The permits are ... Read More

Saudi PIF’s SRC inks 133mln real estate financing deal with Riyad Bank

August 19, 2022

The Saudi Real Estate Refinance Company (SRC), wholly owned by the Public Investment Fund (PIF), has signed an agreement with Riyad Bank to acquire a ... Read More

Saudi Arabia’s PIF acquires shares in Alphabet, Zoom Video and Microsoft

August 17, 2022

Saudi Arabia’s Public Investment Fund bought shares in Alphabet, Zoom Video and Microsoft as part of a wider pick of US stocks, bringing the sovereign ... Read More

Saudi Arabia’s PIF, London-based Cain invest $900m in Aman hotel group

August 16, 2022

Saudi Arabia's Public Investment Fund (PIF) and London-based real estate investment firm Cain International have injected $900 million in luxury hotel group Aman, Zawya reports ... Read More

Saudi investment company in Egypt acquires minority stakes in 3 other listed companies

August 11, 2022

The recently-launched Saudi-Egyptian Investment Company (SEIC) has reportedly added three other Egyptian listed company to its portfolio after acquiring fertilizer giant MOPCO. Abu Qir Fertizilers ... Read More

Saudi Arabia wins 2022 Arab Cup U-20 after defeating Egypt on penalties

August 8, 2022

Saudi Arabia won Sunday the 2022 Arab Cup U-20 after defeating Egypt 5-3 on penalties in the final at Prince Sultan bin Abdulaziz Stadium in ... Read More

Saudi sovereign wealth fund launches investment company in Egypt

August 8, 2022

The Public Investment Fund (PIF) of Saudi Arabia launched the Saudi-Egyptian Investment Company (SEIC) that will invest in swathes of Egypt’s economy from infrastructure and ... Read More

Saudi Arabia posts $20.8bn budget surplus in Q2

August 5, 2022

Saudi Arabia has posted a SR77.9 billion ($20.8 billion) budget surplus during the second quarter of 2022, representing 16 percent increase over the same period ... Read More