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The Capital Market Authority (CMA) of Saudi Arabia has validated that capital increase by $4 billion of the country’s largest company Aramco through the issuance of bonus shares, Zawya reports. The CMA, media reports, has issued its resolution approving Saudi Read more
Egypt’s Ministry of Trade Sunday denied the issuance of any decree banning Saudi Arabian exports after the country’s General Organization For Export and Import Control (Goeic) has issued a decree suspending and canceling several companies, brands, and factories exporting goods Read more
Several countries, including Morocco, Saudi Arabia, the UAE, the United States, and international organizations including the United Nations, the Organization of Islamic Cooperation, the Arab League, the European Union and the Gulf Cooperation Council have denounced the raid conducted by Read more
UK-headquartered Standard Chartered Plc has revealed plans to further develop its operation in Egypt and Saudi Arabia, the two largest and fast-growing in the Middle East and North Africa region (MENA), reports say. In a statement seen by Bloomberg, the Read more
Riyadh Chamber and China Foreign Trade Center also known as Canton Fair, have inked today a cooperation deal to enhance and expand commercial, industrial and investment relations through encouraging cooperation among businesspeople and facilitating the realization of mutual interests, Zawya Read more
Saudi monarch King Salman has instructed Saudi Arabia’s humanitarian charity to provide urgent medical and shelter aid worth $10 million to Ukrainian refugees who have fled to neighboring countries, mainly Poland, Arab News reports. “King Salman directs KSrelief to provide Read more
Shrimp Nation, the largest seafood restaurant chain in Saudi Arabia, plans to open its first branches in the UAE with an investment value of AED 10 million ($2.72 million), Trade Arabia reports. “We are delighted to expand and open branches Read more
Gulf insurer National Life and General Insurance Company (NLGIC), a subsidiary of investment holding firm Oman International Development and Investment Company (Omnivest), has signed deals to fully acquire Royal & Sun Alliance Insurance Middle East, Zawya reports, citing a disclosure. Read more
Saudi Arabia has deposited $5 billion at the Central Bank of Egypt (CBE), the kingdom’s press agency SPA has announced. As part of historical solid bonds and close cooperation relations between the Kingdom of Saudi Arabia and the Arab Republic Read more
The Saudi-led coalition battling Iran-supported Houthi rebels said Tuesday it would cease military operations in Yemen today March 30 to help peace efforts by the UN and Gulf Cooperation Council (GCC). This, Arab News reports citing the coalition, comes in Read more