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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year ago

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