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Saudi dairy giant Almarai Co. Has, through its subsidiary Western Bakeries Co., acquired 25 percent of Modern Food Industries, becoming the full owner of the Indian company. Almarai will inject an additional $67 million into the company. Through this acquisition, Read more
Dar Al Arkan, one of the leading real estate developers in Saudi Arabia, has entered the Chinese market as it opens an office in capital Beijing, reports say. The office, according to the firm, will help serve multiple functions to Read more
Upon the high instructions of King Mohammed VI, Morocco has decided to support the bid of the brotherly Kingdom of Saudi Arabia to host the World Expo 2030 in the city of Riyadh, said the ministry of Foreign Affairs in Read more
Egypt and South Korea have inked two Memorandums of Understanding (MoU) in military cooperation covering defense industries and logical support, Arab News reports. The first memorandum, the Saudi media notes, covers defense industries and logistical support, and the second covers Read more
Saudi Fund for Development, SFD, has signed three deals with Oman to finance several projects worth around $244 million, Zawya reports citing the Saudi Press Agency (SPA). Signed with the Omani Ministry of Finance, memorandums of understanding (MoU), aim at Read more
Saudi Arabia’s Aramco and world’s largest oil exporter has acquired 7.5 per cent of Norwegian industrial software group Cognite in return for investment estimated at about $113 million. The Saudi energy giant takes full control of oil firm Aker BP’s Read more
Egypt and France launched Sunday for several days Amun-22, an air training program at a number of Egyptian air bases, Arab News reports. The training, according to Egyptian Military Spokesman Ghareeb Abdel Hafez Gharib, includes the implementation of theoretical and Read more
Oman-based International Emerging Technologies Co. signed an agreement with the US-based Virgin Orbit to prepare satellite launch platforms in the Gulf country, Arab News reports. Per the agreement, the establishment of satellites in low Earth orbit will be studied to Read more
The Saudi and Romanian governments signed an agreement for cooperation in the defense field, the kingdom’s state-run news agency SPA announced Monday. Per the agreement, both countries will cooperate in training, exchanging expertise, technologies, developing communications systems, medical services, military Read more
Saudi Public Transport Company (SAPTCO), the kingdom’s public bus operator, has signed a contract worth more than 149.6 million riyals ($39.8 million) for a public bus transport project across the Gulf country, Zawya reports. In a statement to the Saudi Read more