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The US Department of State has approved a $650 million sale of medium range air-to-air missiles to Saudi Arabia. The announcement was made this week by the Defense Security Cooperation Agency. “The State Department has made a determination Read more
The US State Department has approved the sale of 280 AIM-120C air-to-air missiles in a deal valued at up to $650 million, the first such a foreign military cooperation between the two countries under President Biden’s administration. The Pentagon Thursday Read more
Saudi Arabia’s Tourism Development Fund (TDF) entered into a deal with UK-based hospitality company Ennismore to establish a $400 million fund that will help bring Ennismore’s lifestyle brands to 12 destinations in the kingdom, reports say. Per the deal, TDF Read more
UAE-based restaurant, patisserie, baker and artisan cheese seller, Jones the Grocer has revealed it will open 10 new outlets within a year and will double its footprint to 50 stores in total within five years, Zawya reports. Grocery store, café Read more
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