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…
Category: Business & Finance
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…
COP27: Hosts launch plan to help poorest adapt to climate change
The hosts of the COP27 climate talks on Tuesday launched a global plan to help the world’s poorest communities withstand the impacts of…
Saudi Arabia is well positioned to lead the world on green hydrogen: PwC
Saudi Arabia is perfectly poised to lead the world in green hydrogen production and drive a consumption model that thrives on reusing and…
Saudi miner Amak sees 22% profit drop amid $333m IPO
Al Masane Al Kobra Mining Co. has recorded a 22 percent profit drop for the first nine months of 2022, after making a…
Apple first major investor in Riyadh’s new integrated logistics airport zone
The new integrated logistics zone at Riyadh’s King Khalid International Airport which will serve Asia, Africa and Europe, has welcomed Apple as its…
Saudi Aramco partners with IBM to establish Innovation Hub in Kingdom
Saudi Aramco and tech-giant IBM have announced preliminary plans for a strategic collaboration to establish an innovation hub in Riyadh. According to a…
Saudi Arabia sees 88% rise in contract awards as Vision 2030 ‘bears fruit’: US Saudi Business Council
Saudi Arabia’s mega projects helped fuel SR94.5 billion ($25.15 billion) in contracts being awarded in the first half of 2022, according to the…