FeaturedOil & GasSaudi Aramco to open up the Jafurah gas field to foreign investorsIFM CorrespondentSeptember 13, 2021September 13, 2021 by IFM CorrespondentSeptember 13, 2021September 13, 2021 It is one of the largest unconventional gas fields in the world... Read more
FeaturedLogisticsSaudi logistics startup Diggipacks acquires Egypt-based FWRUNInternational Finance Business DeskSeptember 6, 2021 by International Finance Business DeskSeptember 6, 2021 The acquisition will help Diggipacks expand in Egypt... Read more
EconomyFeaturedUAE recorded $52 bn non-oil trade growth with Arab countries in H1 2021International Finance Business DeskSeptember 3, 2021 by International Finance Business DeskSeptember 3, 2021 The non-oil trade between the UAE and Arab countries grew by 29%... Read more
FeaturedReal EstateSaudi cities will need 1 mn new residential units by 2030International Finance Business DeskAugust 31, 2021August 31, 2021 by International Finance Business DeskAugust 31, 2021August 31, 2021 There is a growing demand in cities like Riyadh, Jeddah and Dammam and Al Khobar... Read more
EconomyFeaturedSaudi Arabia non-oil export reached $6.2 bn in 2021International Finance Business DeskAugust 30, 2021 by International Finance Business DeskAugust 30, 2021 Compared to 2020, the exports went up by 40% in 2021... Read more
FeaturedOil & GasSaudi Arabia registers 20% drop in crude oil export in H1 2021International Finance Business DeskAugust 23, 2021August 24, 2021 by International Finance Business DeskAugust 23, 2021August 24, 2021 The output at oil refineries stood at 2.43 mn bpd during the first six months... Read more
EnergyFeaturedACWA Power announces financial close for one of the largest solar plants in the worldInternational Finance Business DeskAugust 16, 2021 by International Finance Business DeskAugust 16, 2021 The 500-megawatt Sudair Solar plant is located in the Sudair Industrial City... Read more
FeaturedPorts and ShippingOman’s largest port handles 2.1 mn containers during H1 2021International Finance Business DeskAugust 9, 2021 by International Finance Business DeskAugust 9, 2021 The Port of Salalah also handled 8.8 mn general cargo goods during the same period... Read more
FeaturedTechnologySaudi Arabia-based AI startup Intelmatix raises funds from STV, Sultan HoldingsInternational Finance Business DeskAugust 4, 2021 by International Finance Business DeskAugust 4, 2021 The financial details of the round were not disclosed... Read more
FeaturedReal EstateSaudi Arabia’s real estate price index rises by 0.4% in Q2 2021International Finance Business DeskAugust 2, 2021 by International Finance Business DeskAugust 2, 2021 The Kingdom also records a 0.8% increase in the residential real estate prices... Read more