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Saudi hypermarket chain Bindawood Superstores would open ten 10 superstores in capital Riyadh in next five years, as part of its expansion plan inside the kingdom, Zawya reports citing the company. The company made the announcement in a stock exchange Read more
Saudi food giant Almarai is on the verge of investing $1.8 billion as part of its expansion plan in view of doubling its market share in the sector, Zawya reports. The company, media notes, indicated that the plan will be Read more
Global e-commerce company Amazon is planning to create 1,500 new jobs and build 11 new buildings in Saudi Arabia as part of its expansion plan. The company said the plan will boost storage capacity in the Kingdom by 89 percent Read more
Officials from UAE and Qatar met Monday for the first time in Kuwait to discuss mechanism for the implementation of the January AlUla Declaration that put an end to years of diplomatic crisis between Qatar and its Gulf neighbors. “The Read more
Saudi Arabia will stop collaborating from 2024 with firms which do not have their headquarters in the Gulf country, Trade Arabia citing Saudi Press Agency (SPA). An unidentified source told the agency that the decision aims to incentivize the localization Read more
Several countries around the world have condemned the Yemen Houthi rebel attack on Saudi airport that caused a plane to catch fire. The attack targeted Wednesday Abha’s international airport, south of the kingdom and hit a civilian jet parked on Read more
Saudi engineering and consulting services, Bawan Co, has called off plans to merge two of its subsidiaries having found it unfeasible upon a revaluation, Zawya reports. The company in a statement sent to the kingdom’s stock exchange, Tadawul, indicated that Read more
Saudi Arabia’s bourse Tadawul said that it could go public within two years and that it would unveil timeline for an Initial Public Offering (IPO) this year. A timeline for an initial public offering (IPO) will be provided this Read more
Credit Suisse has opened a new branch in Saudi Arabia to provide extra financial services in the Gulf Kingdom, after securing in 2019 local banking license for the purpose, reports say. The financial institution on Monday said it had opened Read more
King Salman bin Abdulaziz of Saudi Arabia has received the first dose of Pfizer’s COVID-19 vaccine, reported by the Saudi Press Agency (SPA). His son, the Crown Prince and other senior officials are also reported to have received the first Read more