Dubai: Saudi Arabia’s crude oil refinery exports saw a 12 per cent increase in June, reaching 1.37 million barrels per day (bpd) compared to the previous month. The Joint Organisations Data Initiative…
Tag: Arabias
UAE’s Emirates NBD launches new branch in Saudi Arabia’s King Abdullah Financial District
Aazar Ali Khwaja, Group Head, International and Group Strategy, Emirates NBD, said, “As the leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, we are committed to transforming…
Saudi Arabia’s AlUla signs 3-year pact with Live Nation Arabia to manage famed Maraya Hall
Located in AlUla, Maraya Hall features a theatre and extensive indoor and outdoor spaces designed for events. It has previously hosted renowned artists such as Majid Al Mohandis, Mariah Carey, John Legend,…
Saudi Arabia’s non-oil activities grows 4.4% in second-quarter of 2024
Saudi Arabia’s seasonally adjusted real gross domestic product grew 1.4 per cent in the second quarter of 2024 compared to the previous three months, driven by non-oil activities. The IMF says the Saudi…
Real Estate Brokerage Law surges Saudi Arabia’s property transactions by 17 per cent
Speaking at the Real Estate Brokerage Forum, Al Hammad highlighted that residential transactions saw an 18 per cent rise to 2.9 million, totalling $81 billion (Dh297.5 billion). Commercial transactions also increased by…
Saudi Arabia’s Almar water plans lithium partnership in Chile
Maricunga lithium project is a high-grade lithium brine deposit located in the III Region of the Atacama in Northern Chile and hosts one of the highest-grade lithium mineralisations in the Americas. CEO…
India’s IndiGo adds additional flights between Saudi Arabia’s Jeddah and Mumbai
Vinay Malhotra, Head of Global Sales, IndiGo, said, “With these, we will now operate 42 weekly flights to Jeddah from 5 cities in India. These flights will not only enhance trade and…
Abu Dhabi’s Etihad Airways operates first flight to Saudi Arabia’s Al Qassim
Antonoaldo Neves, CEO of Etihad Airways, said, “As we celebrate the newest addition to our growing global network, we reaffirm our commitment to the Saudi market as we mark 20 years of…
Saudi Arabia’s PIF plans to invest $15 billion in Brazil
Dubai: Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), plans a $15 billion (Dh55 billion) investment in Brazil, according to a report from Reuters. The investments will focus on sectors…
Sustainable mobility: Saudi Arabia’s Ceer signs $2.2 billion deal with Hyundai to power its EVs
These advanced EDS units integrate a three-in-one system, housing the motor essential for propelling the EV, an inverter, and a reduction gear that converts power to finely control the motor’s torque, as…