Saudi marine company SAIL plans to clean up thousands of barrels of oil spills
.Mohammed Al-Ashwan, project manager at SAIL, told Arab News: “The objectives and mandate of SAIL is to protect the Saudi Arabian shoreline” .The…
Category: Business & Finance
TASI falls below 11,200-mark first time in over a month: Closing bell
Saudi Arabia’s main index extended its Monday’s losses on Tuesday when it dropped to below 11,200 level for the first time in over…
Tech giant Google Cloud opens new center to train Saudis on digital technologies
Google Cloud has announced the launch of a Center of Excellence in Saudi Arabia to provide training on emerging cloud technologies, as the…
Bupa Arabia invites shareholders to vote on raising capital by 25% to $400m
Saudi-listed Bupa Arabia for Cooperative Insurance said it invited its shareholders to vote on raising its capital to SR1.5 billion ($400 million) to…
PIF’s digital security firm Elm wins $55m contract from the Ministry of Interior
Saudi digital security Elm Co. signed a SR207 million ($55 million) contract with the Ministry of Interior to install vehicle security systems and…
Saudi foreign direct investment inflows down 85% in second quarter
Saudi Arabia recorded second-quarter foreign direct investment flows down 85 percent year on year, an investment ministry report showed on Tuesday. The FDI…
Saudi Arabia’s PIF ups stakes in Meta and Alphabet in Q3
Saudi Arabia’s Public Investment Fund further increased its stakes in Meta and Alphabet in the third quarter of 2022, as the sovereign wealth…
Musk sells Tesla shares worth $3.95bn days after Twitter takeover
Tesla Inc. CEO Elon Musk has sold 19.5 million shares of the electric vehicle maker worth $3.95 billion on Tuesday, according to US…
Oil Updates — Crude eases; Occidental Q3 profit surges; Oman expects oil prices to fall after winter
Oil prices slid on Wednesday as industry data showed US crude stockpiles rose more than expected and on worries a rebound in COVID-19…