Saudi Arabia

UAE supermarket operator Spinneys hits Dh2.29 billion in 9-month revenues

Dubai: The Dubai headquartered retailer Spinneys ticked all the boxes when it comes to growth for the first nine months…

11 months ago

Saudi Arabia: Citizen nabbed over SR493 million fraud

Cairo: A Saudi man has been arrested for illegally obtaining SR493 million in bank financing in collusion with others, the…

11 months ago

Saudi Electricity sees 18 per cent increase in net profit

Dubai: The Saudi Electricity Company, 75 per cent owned by the Public Investment Fund, reported an 18 per cent year-on-year…

11 months ago

Saudi Aramco retains quarterly dividend at $31b despite tough forecasts for oil

Riyadh: Aramco held its quarterly dividend at $31 billion, despite lower profit, as Saudi Arabia's multitrillion-dollar economic transformation plans widen…

11 months ago

Saudi Arabia launches green tech programme

Dubai: Saudi Arabia’s ministry of environment, water and agriculture launches a new programme aimed at advancing sustainable technologies. The Sustainable…

11 months ago

Saudi Arabia, Turkey strengthen their commercial ties with the signing of 10 cooperation agreements

Dubai: Saudi Arabia and Turkey strengthen their commercial ties with the signing of 10 cooperation agreements during an event held…

11 months ago

Bahrain explores mergers and acquisitions in Europe

Dubai: Bahrain’s Alba, aluminium smelter, plans to continue pursuing mergers and acquisitions, particularly in Europe, after it finalises its multi-billion-dollar…

11 months ago

Saudi Arabia’s Wafi Energy Holding buys majority stakes in Shell Pakistan

Dubai: Saudi Arabia’s Wafi Energy Holding acquires a majority stake in Shell Pakistan following Shell Petroleum Co., a subsidiary of…

11 months ago

Saudi Arabia’s PIF acquires 54 per cent stake in MBC Group

Dubai: Saudi Arabia’s Public Investment Fund (PIF) reaches an agreement to acquire a 54 per cent stake in MBC Group…

11 months ago

OPEC+ delays supply restart again as crude prices struggle

OPEC+ agreed to push back its December production increase by one month, the second delay to its plans to revive…

11 months ago

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