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