Leading News Source For Middle East
The Saudi General Authority for Military Industries (GAMI) hosted a workshop with South Korean investors on the sidelines of the 2021 Seoul International Aerospace Defense Exhibition (ADEX 2021), in the presence of representatives from the Saudi Arabian Military Industries (SAMI) Read more
Qatar has intercepted and seized a Bahraini boat for entering illegally the territorial waters of the tiny gas-rich Gulf country, reports say. Qatari Coastline Security General Directorate sent, Doha News reports, a fax to Bahrain’s Naval Operations Centre of Coast Read more
The kingdom of Saudi Arabia and Russia signed Tuesday a cooperation agreement in the field of justice to train and develop judicial cadre and share benefit from both countries, Arab News reports. Signed in the Russian capital of Moscow, the Read more
The Saudi-led consortium has pledged to inject $340.5 million into British Premier League club Newcastle United to improve the English soccer iconic club after Thursday acquisition. The kingdom’s sovereign wealth fund, Public Investment Fund (PIF) landed the Northeastern English club Read more
Red Sea Development Company (RSDC), the Saudi developer of the Red Sea project unveiled plans to build 17 hotels on four Islands the kingdom is creating on the Red Sa, local Arabic daily Aleqtisadia reports. Mohammed Al-Rihawi, facilities manager at Read more
Saudi Arabia retained for nine straight months until August its position as China’s top crude supplier, Reuter reports. Saudi oil arrivals surged 53 percent from a year earlier to 8.06 million tons, or 1.96 million barrels per day (bpd), data Read more
Saudi real estate firm Bunyan United Company has appointed BMG Financial Group as its advisor for its upcoming listing on Nomu, a parallel market in the Saudi stock exchange, reports say. The initial public offering, (IPO), the Jeddah-based bank has 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 has banned serving ministers from heading boards of companies or being members unless directed by the head of the Cabinet as the Gulf country seeks to limit conflict of interest in companies and improve governance. Read more