Tag: Saudi Arabia

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

Saudi Arabia submits bid to host 2029 Asian Winter Games

August 4, 2022

Saudi Arabia has submitted an official bid to host the 2029 Asian Winter Games in NEOM’s futuristic sport city of Trojena, the kingdom’s state-run press ... Read More

Saudi Arabia eager to draw inspiration from Morocco’s legislative experience

August 2, 2022

A delegation from the Saudi Shura Council, headed by the council’s Chairman Abdullah Ibn Muhammad Ibn Ibrahim Al Ash-Sheikh, held separate talks Monday in Rabat ... Read More

Saudi Arabia, Poland sign air transport agreement

August 1, 2022

The Saudi General Authority of Civil Aviation (GACA) signed Sunday a Memorandum of Understanding (MOU) with Poland to organize the operational framework for air transport ... Read More

KSA: BinDawood takes majority stakes in French company Ykone

July 27, 2022

Saudi Arabian retailer BinDawood Holding has acquired 80.5% stake in Paris-based marketing agency Ykone through its wholly owned subsidiary Future Technology Retail (FTR), Zawya reports. ... Read More

Qatar’s ruler Sheikh Tamim bin Hamad Al Thani named the most influential Muslim

July 25, 2022

Jordan-based “The Muslim 500” has named Qatar’s Emir Sheikh Tamim bin Hamad Al Thani as the most influential Muslim. Sheikh Tamim tops 50 influential Muslim ... Read More

World Bank loans Sudan $100m to combat deep food insecurity

July 22, 2022

The World Bank has released $100 million for the World Food Program to tackle “deep food insecurity” for 2 million people in Sudan. The Washington-based ... Read More