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The kingdom of Saudi Arabia will manufacture COVID-19 vaccines, a result of agreements expected inked between the Gulf Arab country and international pharmaceutical companies, among them AstraZeneca and Pfizer, reports say. Memorandums of understanding will be signed in the field Read more
Saudi Arabia’s Local Content and Government Authority on Monday issued a list of 28 items that government contractors should buy only from national companies, reports notes, citing the agency. The directive, the agency notes, aims at supporting local products and Read more
The kingdom of Saudi Arabia is attending participating at a defense show in London in a move to attract international clients to its nascent military industries, Zawya reports. The General Authority of Military Industries (GAMI), the kingdom’s defense regulator is Read more
The Saudi monarch King Salman Tuesday fired and referred the Director Public Security for investigation over corruption allegations, reports say. Lt. Gen. Khalid bin Qarar Al-Harbi, state-run news agency SPA notes, had been taking public funds for his personal benefit. Read more
Saudi Arabia and Iraq have inked a maritime agreement to increase the movement of commercial vessels between the two countries, supporting trade exchange and facilitating port access procedures, Middle East Monitor (MEMO) reports. The agreement, signed Thursday in Riyadh, also Read more
Saudi Ceramic Company is mulling plans to set up a new porcelain factory, a total investment of 49.3 million riyals ($66.5 million), the company has announced according to reports. The future new facility will produce 8.25 million square meters of Read more
Riyadh-based Saudi real estate investment fund Riyad REIT Fund has acquired an office building located in Conshohocken (Philadelphia MSA), Pennsylvania, used by AmerisourceBergen Global one of the world’s largest global companies, Argaam reports. The acquisition, the Argaam notes, cost the Read more
Saudi Arabia’s sovereign wealth Fund officially known as Public Investment Fund (PIF), has increased its investment in American video game company Activision Blizzard ATVI.O by 13.3%, reports say. PIF, Zawya reports citing a Securities and Exchange Commission filing on Monday, Read more
Two Qatari soccer referees have been appointed to lead two matches of the Saudi Professional League 2021-2022, in a further sign of normalization between the two countries following more than three years of diplomatic feud. Abdul Rahman Al Jassim and Read more
Oman’s ruler Sultan Haitham bin Tariq Al Said landed Sunday in Saudi Arabia for his first trip abroad since ascending to the throne last year, as both countries beef up their economic ties. The Omani ruler held talks with King Read more