updated Mon. April 22, 2024
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Motley Fool
April 16, 2018
The company was singled out for the recent visit by Saudi officials, who expressed interest in "building a strategic partnership ... that include[s] theme ... to transform the economy from its oil-dependent background, embrace technology, and open the Kingdom to greater international trade and commerce.
DefenseNews.com
April 14, 2018
BEIRUT — Chicago-based Boeing and state-owned Saudi Arabian Military Industries (SAMI) signed on March 30 a memorandum of agreement (MoA) to ... Roosevelt presented a twin-engine Dakota DC-3 airplane (manufactured by Boeing's heritage company Douglas Aircraft) to King Abdulaziz Al Saud.
Arab News
April 14, 2018
A Turkish company scammed dozens of Umrah pilgrims on the promise of going to Makkah and instead sent them to the southeastern provinces of Gaziantep and Kahramanmaras, Hurriyet Daily News reported on Friday. At least 68 people claimed to have paid $690 on the hopes of going to Saudi ArabiaÃâà...
24/7 Wall St.
April 14, 2018
Saudi Arabia announced in 2016 that it planned to sell 5% of its state-owned oil company, Saudi Aramco, in an initial public offering (IPO) aimed at raising $100 billion. If that deal materializes, the total market cap of Saudi Aramco would be $2 trillion, more than double that of Apple Inc. (NASDAQ: AAPL),Ãâà...
Arab News
March 25, 2018
WASHINGTON: The Defense and Security Technology Conference organized by the Saudi Arabian Military Industries company (SAMI),in ... speakers and more than 100 experts, specialists and consultants who exchanged views on Saudi Arabia's strategic vision regarding the future of its defense industry.
Arab News
March 25, 2018
in 1945, the US presented Saudi Arabia with a twin-engine DC-3 Dakota airplane manufactured by Boeing heritage company Douglas Aircraft. ... “Boeing's partnership with Saudi Arabia's Vision 2030 aims to support the country's aerospace industry and its ecosystem, through the transfer of knowledge andÃâà...
The Boston Globe
March 25, 2018
Crown Prince Mohammed bin Salman of Saudi Arabia is touring the U.S. and visited the Massachusetts Institute of Technology on Saturday to ... visit, and featured exhibits from by MIT-affiliated companies like robotics group Boston Dynamics, and international businesses like oil company Saudi Aramco.
Tahawul Tech
March 25, 2018
“mada represents the innovative generation of electronic payments in Saudi Arabia and one of the fastest growing payment systems in the world. Utilising Mastercard's technology to facilitate online payments via the network will enable Saudi businesses to significantly increase their e-commerce sales byÃâà...
ArabianBusiness.com
March 22, 2018
Crown Prince Mohammed bin Salman, 32, and his team will spend 18 to 19 days promoting Saudi opportunities, commerce and investment minister Majid Al-Qasabi said in an interview in Washington, DC, on Wednesday. After Washington, the delegation will visit New York, Boston, Seattle, San Francisco,Ãâà...
Variety
March 22, 2018
Saudi Arabia has set up its first national film industry entity and is expected to launch it internationally at the upcoming Cannes Film Festival. ... visit for the Public Investment Fund of Saudi Arabia to acquire between a 5% and 10% stake in Endeavor, the holding company for Hollywood talent agency WME.
ArabianBusiness.com
March 21, 2018
Saudi Arabia's General Culture Authority (GCA) has announced the launch of a new Saudi Film Council (SFC) to develop and sustain the kingdom's fledgling film industry. In a statement, GCA CEO Ahmed Almaziad said that the establishment of the SFC is “a historic moment within our country's culturalÃâà...
The Nation.
March 21, 2018
An early November story in The New York Times was headlined “Saudi Money Fuels the Tech Industry. It's Time to Ask Why.” It talked about all the tech companies like Uber, Lyft, and Twitter that have taken investments from the Saudi government and private Saudi businessmen allied with the government,Ãâà...
Arab News
March 21, 2018
The academy's Saudi students are highly motivated to tell their stories and undoubtedly they will help shape the future of the Kingdom's entertainment industry. ... She added that NYFA looks forward to being a part of the future of Saudi Arabia's expansion of entertainment and a burgeoning film industry, andÃâà...
MMAWeekly (blog)
March 21, 2018
According to a report from Bloomberg, a deal is expected to close this week that will see Saudi Arabia, through its sovereign wealth fund, invest $400 million into Endeavor (formerly WME-IMG), which is the parent company that owns the UFC. The partnership has been rumored for some time, but it appearsÃâà...
Deadline
March 21, 2018
The Film Council's stated aims are to build a dynamic film and content ecosystem through sustained and strategic development across core industry ... The sovereign Public Investment Fund of Saudi Arabia is also close to closing a deal to acquire 5%-10% of Endeavor (the holding company for WME) forÃâà...
TIME
March 21, 2018
A slew of pressures in the energy industry including a sustained period of low oil prices, increased competition from the U.S. as a result of fracking and a long-term ... One of the country's most significant changes is the promised initial public offering for Saudi Aramco, the country's state-owned oil company.
Construction.RU
March 20, 2018
The Saudi company received 13.04% of the company's capital stock while the entity of the RDIF (The Russian Direct Investment Fund) — 10.22%. The share of Lider, a Russian investment company, has reduced from 60% to 35%. LLC Transport Concession Company was created in January 2013. In mayÃâà...
CNBC
March 20, 2018
Saudi Arabia is walking back plans for a massive public share offering for state oil giant Aramco, the world's biggest oil company, on a big international stock exchange. Aramco is now expected to move forward with a listing on the Saudi stock exchange, with plans for an international listing at leastÃâà...
ABA Journal
March 14, 2018
Both helped transfer ownership of the private media company MBC, a company Saudi Crown Prince Mohammed bin Salman had sought to buy in 2015. Salman is said to be the architect of the crackdown. “Corruption has long been endemic in Saudi Arabia, and many of the detainees were widely assumedÃâà...
Press Herald
March 14, 2018
The new industry is budding here on the outskirts of Medellin, where Pablo Escobar moved marijuana in the 1970s before becoming the “King of Cocaine.” Fifteen ... His company is one of a fast-rising number of corporations seeking to leverage the “made in Colombia” label in a new age of legalization.
CleanTechnica
March 14, 2018
On Friday, the UK's Business Secretary Greg Clark signed a Memorandum of Understanding (MoU) on Clean Energy with Saudi Arabia's Minister of Energy, Industry and Mineral Resources Khalid A Al-Falih, which commits the two countries to working together on developing technologies with the potentialÃâà...
Business Insider
March 14, 2018
In January, the government appointed a five-person committee to oversee the SBG advisory board and make executive decisions on the company's business dealings. The panel consists of two members of the bin Laden family and three carefully selected Saudi industry leaders, according to the Wall Street Journal.
Muscat Daily
March 13, 2018
Kalat Ghuloom al Bulooshi, CEO of Oman Investment Corporation, said, “This agreement is for the fully integrated economic city Khazaen. It will be the first of its kind to be set up near Muscat. We along with our Saudi partner will be the master developer. We will be developing all the infrastructure and willÃâà...
BBC News
March 13, 2018
At the end of 2017, US hip-hop star Nelly played a men-only concert in Jeddah, Saudi Arabia; US country singer Toby Keith headlined a similar gig earlier in the year. These shows were flagged as landmark progress, in a strict Gulf state where music was apparently deemed “haram”. It's certainly surreal toÃâà...
Anadolu Agency
March 13, 2018
The Saudi Defence Electronics Company (SADEC), a joint venture uniting Turkey's leading defense company Aselsan and Saudi Arabia's development and investment company TAQNIA DST, signed three agreements with Saudi companies, SADEC CEO Sultan Khalid Almorqi said on Monday.
New York Times
March 12, 2018
Of note: The roles of the accounting company PWC and the law firm Clifford Chance in the Saudi government's takeover of MBC, a broadcaster. .... The New York approach to running magazines may have run its course, making the approach of Des Moines-based Meredith Corporation look prescient. (NYT).
Yeni Şafak English
March 12, 2018
The Saudi Defence Electronics Company (SADEC), a joint venture uniting Turkey's leading defense company Aselsan and Saudi Arabia's development and investment company TAQNIA DST, signed three agreements with Saudi companies, SADEC CEO Sultan Khalid Almorqi said on Monday.
CNBC
March 12, 2018
Investors hoping to a buy a piece of the world's largest oil company may be forced to wait until 2019 at the earliest, amid reports Saudi Aramco's initial public offering (IPO) is likely to be delayed. Saudi Arabia's state-owned oil behemoth had planned to begin trading on the country's domestic stock marketÃâà...
Anadolu Agency
March 12, 2018
The Saudi Defence Electronics Company (SADEC), a joint venture uniting Turkey's leading defense company Aselsan and Saudi Arabia's development and investment company TAQNIA DST, signed three agreements with Saudi companies, SADEC CEO Sultan Khalid Almorqi said on Monday.
Saudi Gazette
March 11, 2018
Abdullatif Mohammed Al-Ali Al-Abdullatif, CEO of Al Ghazali Trading Company, welcomed Najib Kiwan, regional director of Swiss Certina & Hamilton ... to maintain the advanced level achieved by Al-Ghazali Company and the advanced sales results achieved by Certina & Hamilton in the Saudi market.
ArabianBusiness.com
March 11, 2018
Twenty percent of Saudi women – about three million - will drive by 2020, according to a new report from PwC Middle East. According to the report, entitled “Women driving the transformation of KSA automotive market”, the kingdom's royal decree that allowed women to drive from June 2018 will create newÃâà...
DefenseNews.com
March 10, 2018
“We have taken a vital step towards finalizing another order for Typhoon jets that will increase security in the Middle East and boost British industry and jobs ... Along with the large, and lucrative support contracts for Typhoon, Hawk and Tornado jets, the British company employs some 6,000 people in SaudiÃâà...
Arab News
March 8, 2018
“This is a very exciting time for both Saudi Arabia and the cinema industry and we see huge potential for the development of entertainment centers with ... It is currently active working on the interiors of the “Life Gallery” at King Salman Science Oasis in Riyadh for Sabic (Saudi Basic Industries Corporation).
CNNMoney
March 8, 2018
Saudi Arabia is considering where to sell shares in its mammoth oil company, Aramco, and New York, London and other international stock exchanges ... But speaking on a visit to London on Thursday, Saudi Arabia's top energy official made clear the kingdom has serious concerns about the risks it wouldÃâà...
Business Insider
March 8, 2018
Closely watched Florida startup Magic Leap, which makes augmented-reality technology, announced on Wednesday that it had raised an additional $461 million in funding, led by Saudi Arabia's sovereign investment arm, which contributed $400 million. Magic Leap said it was part of the company's SeriesÃâà...
Aljazeera.com
March 6, 2018
The Dubai-based, Saudi-owned MBC Group announced through Emirati media on Sunday that the network had received instructions to remove all ... MBC is reportedly controlled by Saudi businessmen and CEO of the company Walid al-Ibrahim, who was imprisoned for nearly three months as part ofÃâà...
Hospitality Net
March 6, 2018
The Company further stated that there is already an upward trend of the hotelier industry in Mecca and Madinah. The Hotel Show Saudi Arabia is host to the hospitality industry, and will attract over hundreds of global brands and over 6,000 attendees. The event is billed as a perfect platform for buyers andÃâà...
The Bureau of Investigative Journalism
March 6, 2018
It's quite another for the FCO to have lent its staff to a company working for the Saudis' PR operation. ... to work at senior levels in outside companies for years at a time, is a different programme from the short-term secondments which the FCO has long used to give employees experience of industry sectors.
Sports Illustrated
March 6, 2018
World Wresting Entertainment is headed to Saudi Arabia for its annual Royal Rumble, the company announced Monday. WWE is partnering with the Saudi General Sports Authority in bringing the "Greatest Royal Rumble" to the country. The event will take place at the King Abdullah Sports City in Jeddah,Ãâà...
The Times
March 6, 2018
A senior British diplomat is working for a company at the heart of a multimillion-dollar Saudi PR offensive while still employed by the Foreign Office. The revelation comes as Saudi Arabia's powerful crown prince prepares for his first official trip to Britain amid anxieties over his reception, including anticipatedÃâà...
CNBC
March 6, 2018
Growing demand for oil leaves room for both the United States and Saudi Arabia to keep growing output, Aramco CEO Amin Nasser says. The head of the world's largest oil company also says the fortunes of the two countries are actually aligned in several ways. Saudi Arabia plans to invest in the biggestÃâà...
CNBC
March 5, 2018
Saudi Arabia, in the midst of transforming its economy and poised for a public offering of its state-owned oil company, could be vulnerable to Federal Reserve policy, observers say. The country's decades-old currency peg to the dollar means it "must heed the Fed" as it shakes up the economy, one analystÃâà...
ArabianBusiness.com
March 4, 2018
Saudi Arabia aims to build a defence industry at breakneck speed, and it's ready to look beyond its traditional Western allies for help. The oil-rich kingdom has long been a favourite customer of arms sellers, especially American ones. President Donald Trump announced $110 billion in deals during his tripÃâà...
Kyiv Post
March 2, 2018
Ukraine and Saudi Arabia are working out a scheme for promising industrial cooperation under the program of the new An-132 light multi-purpose aircraft with a ... Taqnia Aeronautics acts as a division of the Saudi Technology Development and Investment Company, and WAHAJ is a subsidiary of the SaudiÃâà...
ExecutiveBiz (blog)
March 2, 2018
Lockheed Martin has teamed with a Riyadh, Saudi Arabia-based engineering company to produce laser guided bomb tailkits, Saudi Gazette reported Wednesday. Wahaj, a subsidiary of Saudi International Petrochemical Company, agreed to co-manufacture the air foil group for Lockheed-made Paveway IIÃâà...
News & Observer
March 2, 2018
Bismarck State College is partnering with a Saudi Arabia-based institute to provide energy industry training to Saudi youth. The college was chosen for a five-year contract to provide curriculum and training at the National Power Academy in Dammam, Saudi Arabia. The Saudi government formed theÃâà...
CNBC
March 2, 2018
Israel's flag carrier El Al has asked an airline industry lobby group to help it access Saudi Arabian airspace, so it can compete with Air India's planned route ... regulator, a company spokesman said when asked whether the airline had received permission to operate flights to Israel over the Saudi airspace.
Saudi Gazette
March 1, 2018
RIYADH – Lockheed Martin signed a teaming agreement on Wednesday with Riyadh-based Wahaj (Sipchem's subsidiary) to develop the company's in-country ... “Today marks an important day for the Kingdom of Saudi Arabia, as we make progress in the localization essential to a strong defense industry.
Variety
February 15, 2018
Saudi Arabia's removal of its 35-year-old ban on cinemas is prompting another exhibitor to move in to the last untapped movie market in the Middle East, this time from neighboring Kuwait. Days after London-based Vue International said they were planning to build up to 30 multiplexes in Saudi Arabia, theÃâà...
The Independent
December 31, 1999
Saudi Arabia's state oil giant Aramco, the most valuable energy company in the world, is to build a giant petro-chemical complex in the city of Jubail in partnership with French energy company Total. The announcement came as Saudi Crown Prince Mohammed bin Salman visits French PresidentÃâà...
