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updated Wed. February 6, 2019

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Lockheed Martin is a world-class aviation, defense, and information security company that focuses chiefly on researching, designing, developing, and ... The MoU aims to create a cybersecurity and programming partnership that focuses on improving and advancing Saudi Arabia's cybersecurity and ...
As a follow-up, a 21-member high-level Saudi business delegation visited Bangladesh, led by Moshabab Abdulla Alkahtani, president of International Marketing Investment Company Group, and including representatives from the construction, real estate, agriculture, tourism, and food and beverage sectors.

CAMBRIDGE, Mass. (AP) — A member of a foreign royal family visited one of the most prestigious universities in the nation. Crown Prince Mohammed bin Salman of Saudi Arabia is touring the U.S. and visited the Massachusetts Institute of Technology on Saturday to promote an academic energy ...
As Saudi Arabia opens its airspace for the first time to a commercial flight to Israel, Israel's national carrier will take its own fight for access to Saudi airspace to the Supreme Court in Israel, according to officials. India's national carrier Air India is now reportedly offering three direct flights a week between New ...
Saudi Energy Minister Khalid Al-Falih said in an interview with CNBC that Saudi Aramco is ready to make its public debut and Saudi Arabia is ready for the offering from a regulatory standpoint. He said, however, that while the company could issue stock this year, it may not as it is waiting for the optimal ...
Ammar Al-Nahdi, director general of marketing and communications at SAR, said that the company launched the awareness campaign targeting villages and cities alongside the line between Hail and Al-Jouf, mainly in areas where there are prairies and livestock where the railways are being damaged the ...

Mohammed bin Salman, Saudi Arabia's crown prince, is on timely visit to foreign capitals—Washington included—this month. The tour comes amidst rising doubts within Washington's business and policy making circles about the direction of the kingdom's reform trajectory, fueled by seemingly mixed ...
DUBAI: Mobile bookings for air travel rose a hefty 116 percent in Saudi Arabia in 2017, although desktop remained the dominant platform in the wider region for purchasing ... The report consolidated proprietary information from Cleartrip as well as data from the company's more than 400 partner airlines.
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 may ...
Canada's multi-billion dollar arms sale to Saudi Arabia includes a substantial number of "heavy assault" armoured vehicles and a maintenance deal that would see the Ontario-based manufacturer embed teams at multiple locations throughout the kingdom. CBC News has obtained documents that — for the ...
Figures from the Washington DC-based US-Saudi Arabian Business Council (USSABC) showed total bilateral trade at $35.2 billion, with the Kingdom holding a slight balance advantage from its $18.9 billion of exports. Saudi Arabia is in the top 20 US trade partners, while America is the second biggest ...
Chris Fenton, the former motion picture group president of DMG, is in advanced talks to head Saudi Arabia's nascent film initiative, Variety has learned. The exact job title has yet to be determined and no deal has been set, but the post would be a plum one, giving Fenton influence in a country with vast ...
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 least ...
Saudi Arabia's Crown Prince Mohammed bin Salman arrives in the United States on Monday for a multicity trip. The powerful 32-year-old royal will focus on shoring up U.S.-Saudi ties and discussing investment opportunities between the two nations. Salman is expected to seek to ease investor concerns ...
Saudi Arabia has taken a major step in its bid to welcome more women into the workforce by hosting its first-ever business forum for women. The Women in Leadership Economic Forum, called "Let's Talk About Tomorrow," aims to showcase the Kingdom's foremost female business leaders and ...
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, ...
In August, a petrochemical company with a plant in Saudi Arabia was hit by a new kind of cyberassault. The attack was not designed to simply destroy data or shut down the plant, investigators believe. It was meant to sabotage the firm's operations and trigger an explosion. The attack was a dangerous ...

TAIF — Tatweer Holding Company, which comes under the Ministry of Education, is working to privatize 17 university hospitals, Al-Madina newspaper ... The privatization of government hospitals is progressing well as the Health Ministry has taken steps to establish a holding company and five health ...
NAI is a joint venture operation between Daimler AG and E.A. Juffali & Brothers and has been assembling Mercedes-Benz trucks in the Kingdom for more than 40 years. Together with its distribution arm, Juffali Industrial Products Company, they provide high-quality products and services in Saudi Arabia, ...
He told the media on Thursday that the RDIF could set up a "significant consortium" of Russian banks and investors for the IPO, which the Saudi government believes could be valued at $2 trillion. "All we can say is that Aramco is a great company, really managed incredibly well, very successful," Dmitriev ...
The 26-year-old is starting his first week of training with Sac Metro Fire. Back in Saudi Arabia, Hajjaji usually responds to industrial calls involving oil and gas leaks, but he's not getting called out of the fire station every day. “We have a low volume of calls,” Hajjaji said. That's why oil company Saudi Aramco ...
Days after London-based Vue International said they were planning to build up to 30 multiplexes in Saudi Arabia, the Kuwait National Cinema Company (KNCC) and Dubai-based partner Front Row Entertainment announced a three-year plan Thursday for 12 multiplexes of their own in the oil-rich kingdom.
Distributed ledger startup Ripple has struck a deal with Saudi Arabia's central bank on a pilot program that will see banks in the country trial the company's tech. Announced today, the pilot with the Saudi Arabian Monetary Authority marks the second central bank to work with the startup, coming after the ...
Dubai: Saudi Ceramic Co said it has recommended an increase in the company's capital through bonus shares. The company plans to increase its capital by 20 per cent to 600 million Saudi riyals from 500 million riyals earlier. It plans to offer 1 bonus share for every five shares. “The increasing will be ...
Last month, Adnoc signed a long-term contact with Malaysian petrochemical company Lotte Chemical Titan to supply a million tonnes of naphtha over the next three years, a shift from the earlier short-term contracts. Naphtha is a refined product that is used as a feedstock to produce petrochemicals. Adnoc ...
The contracting company has turned open areas in Al-Rawda area to storage facilities for. Trucks and heavy equipment operating day and night cause untold problems for the residents of the. Faisal Majrashi. Okaz/Saudi Gazette JEDDAH — Residents of Al-Rawdah district in northwest Jeddah have called ...
He insisted publicly he was innocent of any wrongdoing, but Saudi officials said he agreed to an undisclosed financial settlement after admitting to unspecified “violations”. Mounib Hammoud, Chief Executive Officer of Jeddah Economic Company, shows a model of Jeddah Tower in Jeddah, Saudi Arabia, ...
According to the New York Times, Prince Mohammed bin Salman decided that Saudi energy company ACWA Power would spearhead the creation of a $300 million solar farm capable of powering 200,000 homes. And that's just a drop in the bucket compared to what the Saudi government plans to spend ...
SVF has invested $27.5 billion during the accounting period in tech companies that also include visual computing company NVIDIA, and co-working company WeWork. Since the end of the reporting period, SVF has acquired a 15 percent stake in Uber for £7.7 billion, and its swelling portfolio has grown to ...
The average monthly wage per Saudi stands at $2,670, according to Saudi's General Authority for Statistics. In 2017, in an attempt to deter companies from hiring expats, the government imposed a monthly tax on each non-Saudi employee. Companies now pay as much as $107 for each foreign employee, ...
Indecision at the highest levels of Saudi Arabia's government is reportedly playing a major role in holding up the planned flotation of the world's largest oil producer. Saudi Aramco, currently a private company owned by the government in Riyadh, is aiming for an IPO that could raise about $100 billion and ...
A Cape Town desalination company has won a R5-billion contract for a desalination plant in Saudi Arabia. The contract to design‚ build and operate the plant was awarded to GrahamTek by The Saline Water Conversion Corporation (SWCC)‚ which operates several water treatment plants across Saudi ...
Riyadh on Monday tapped ACWA Power, a Saudi energy company, to build a solar farm that would generate enough electricity to power up to 200,000 homes. The project will cost $300 million and create hundreds of jobs, according to Turki al-Shehri, head of the kingdom's renewable energy program.
Saudi Arabia, which is in the midst of a massive transformation plan to diversify its economy, has been of particular interest to bankers, not least due to the upcoming IPO of around 5 per cent of Saudi Aramco, the world's largest producer of oil. Analysts estimate the company's worth at around $1.5 trillion, ...
"For decades there was one country and one company that had spare capacity and that country was Saudi Arabia and that company was Saudi Aramco," Saleri said. "Now we are seeing an analog to that in the Permian." West Texas Intermediate oil futures traded in New York have climbed 7.4 percent this ...
That designation goes to The Wall Street Journal's revelation that the company has been discussing a potential data center-focused joint venture with Saudi Arabian Oil Co., or Aramco, the state-owned oil giant that's one of the biggest companies in the world. The report relies on anonymous sources and ...
The first fruit of a collaboration between Japan's leading anime studio Toei Animation Co. and Saudi Arabia's Manga Productions, a 20-minute short titled “The Woodcutter's Treasure,” is set to air in Japan and Saudi Arabia. Based on a Saudi Arabian folk tale, the already completed short is aimed at ...
A company can also renew its licence through a self-service feature on Sagia's website. The kingdom has been overhauling its economy as part of the National Transformation Programme and Vision 2030 initiative which aim to improve the business environment and encourage more foreign companies to ...
Compared to the other regional players, Saudi Arabia is relatively attractive due to its economic stability, sound infrastructure, well-regulated finance, and banking system. In December, the total investment reached $15.1 billion by US companies. According to official data, Most of the US companies prefer to ...
Saudi Aramco's IPO, expected to be the largest ever, has been stalled by indecision over where to list shares of the world's biggest energy company, The Wall Street Journal reported. Aramco CEO Amin Nasser recently told CNBC his company is ready to list this year, but waiting for a final decision on the ...
RIYADH — Ride hailing company Easy has decided to become Jeeny in Saudi Arabia to propose to the drivers and customers new services which fit with their expectations and will enrich their ... The company already has 36 000 Saudi drivers in the country, and wants to push to hire more Saudis.
Two years ago, the crown prince began negotiations to buy it, but in November the talks took a mysterious turn: The company's Saudi owners and most of its board members were summoned to Riyadh, the capital, arrested, accused of corruption and locked in the Ritz-Carlton hotel, along with hundreds of ...
Two years ago, the crown prince began negotiations to buy MBC, a satellite broadcaster, but in November the talks took a mysterious turn: The company's Saudi owners and most of its board members were summoned to Riyadh, the capital, arrested, accused of corruption and locked in the Ritz-Carlton ...
Amaravati: A delegation of Saudi Aramco, a leading oil exploration company, is set to visit Amaravati in the last week of January to study the possibilities of investment there. The company's vice-president (international operations) Hadrami has said this during a breakfast meeting with chief minister ...
Saudi Aramco, the world's largest energy company, is fully prepared for a hotly anticipated public share offering in the second half of 2018, says Aramco president and CEO Amin Nasser. It is just waiting for one thing, says Nasser. The green light from its sole shareholder: the Saudi government. "In terms of ...
LONDON: NMC Health, the UAE-based hospital operator, has snapped up two more businesses for more than $200 million as it targets growth in Saudi Arabia. The company has acquired a 70 percent stake in CosmeSurge, a chain of 17 cosmetic clinics, and at the same time has taken an 80 percent stake ...
The current edition of the Saudi Plastics, Petrochemicals, Printing and Packaging Exhibition is sponsored by Saudi Basic Industries Corporation (SABIC), National Manufacturing Company (Tasnee) as Diamond Sponsors, Saudi Polymers Company (Saudi Polymers), Platinum Sponsor, Saudi Exports, Gold ...
The Saudi Ground Services Company (SGS) was established as a limited liability company in 2008 with a capital of SR500,000 in line with the strategic objective. In 2014, the company was transformed from a limited liability company to a closed shareholding company and in 2015 to a Publicly Listed ...
RIYADH: The Saudi Electricity Company (SEC) has set the 28th of each month for issuing electronic bills to subscribers, the Saudi Press Agency said. ... any subscriber can obtain details of their bill at any time, whether at the company's site, SMS messages or bills sent to the subscriber's email, he said.
RIYADH: The Enforcement Court in Jeddah has ordered a Saudi company to pay more than SR280 million ($74,384,800) in contractual rights to two Japanese companies. The awards were based on two commercial arbitration awards issued by an international jury chosen by the companies to litigate in ...


 

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