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The Saudi Minister of the Saudi National Guard Prince Abdullah bin Bandar, on Monday, inaugurated the National Guard Air Base in Dirab, south of the capital, Riyadh, Arabe News reports citing the ministry. The base, according to the President of Read more
Three Iranian diplomats have taken office in the Saudi city of Jeddah, becoming the first Iranian officials to be posted in the Gulf country by the Islamic republic after six years of the diplomatic row. The diplomats will work in Read more
IHC Food Holding, a subsidiary of International Holding Company (IHC), has acquired 75 per cent of Abu Dhabi Vegetable Oil Company (ADVOC), IHC has announced, Zawya reports. The conglomerate did not provide details on the operation but indicated that the Read more
The Kingdom of Saudi Arabia and Tunisia signed Wednesday a memorandum of understanding in the field of renewable energies with the aim of boosting their cooperation, Webdo Tunis reports. Inked by Saudi energy minister Prince Abdulaziz bin Salman Al Saud Read more
Tourism Development Fund (TDF), Saudi Arabia’s fund for tourism development, has agreed with investment solutions firm Derayah Financial to establish a SR100 million ($26 million) private close-ended equity fund – first private equity fund focused on tourism, reports say. The Read more
Saudi Arabia provided Tunisia $200 million in form of credit line to finance the import of Saudi oil byproducts, Tunisian Economy ministry has said. The North African country is grappling with difficult economic situation compounded by the ongoing pandemic that Read more
The Kuwaiti Sovereign Fund also known as the Kuwait Investment Authority (KIA), has remained world’s third largest sovereign funds with assets on the increase, about $45 billion, reports say. The new ranking by The International Institute for Global Sovereign Funds Read more
Turkish President Recep Tayyip Erdoğan will visit Saudi Arabia in February as Turkey works to thaw ties with Arab countries in the region. Erdogan also announced he will also discuss trade with Saudi authorities. Turkey has been pushing to end Read more
The Saudi Arabia Grant Management Committee signed several financing agreements to contribute to financing Egyptian small, medium and micro enterprises (SMMEs) for an estimate of EGP300 million (around $20 million), Arab Finance reports. The funding will be made through three Read more
The kingdom of Saudi Arabia will, from end of December, fill job positions in three sectors with local skills in a move to create to 10,000 jobs, reports say. The sectors include customs clearance, driving schools, and engineering technical professions, Read more