Aramco Expands Stake in Petro Rabigh with $702 Million Acquisition RIYADH — In a bold move, Aramco announced on Wednesday its definitive agreement to acquire an additional 22.5% stake in Rabigh Refining and Petrochemical Co. (Petro Rabigh) from Sumitomo Chemical for a whopping $702 million. This strategic acquisition will skyrocket Aramco’s ownership to approximately 60%, ...
HP Launches HP Gaming Garage Lab at Saudi Electronic University In a move to equip Saudi learners with the necessary skills for successful careers in the gaming and esports industries, HP has unveiled the HP Gaming Garage Lab at Saudi Electronic University (SEU). Fadle Saad, MD of HP Saudi Arabia, and Mayank Dhingra, Senior Education ...
Saudi Awwal Bank Reports Strong Financial Results for H1 2024 Saudi Awwal Bank (SAB) unveiled its financial performance for the first half of 2024, showcasing impressive results as of June 30. The bank recorded a net profit of SR4,061 million after Zakat and Income Tax, representing a significant 23% year-on-year increase. Additionally, SAB’s total operating ...
The Falconry World Gathers in Riyadh for the 2024 International Falcon Breeders Auction Prepare to be amazed as the Saudi capital, Riyadh, transforms into the epicenter of the falconry universe with the upcoming 2024 International Falcon Breeders Auction. Endorsed by the prestigious Saudi Falcons Club, this spectacular event kicks off on Monday and will captivate ...
Saudi National Bank (SNB) Reports Strong Financial Performance in First Half of 2024 RIYADH — In a remarkable display of financial prowess, the Saudi National Bank (SNB) announced a significant net profit increase to SR10.3 billion at the close of the first half of 2024, showcasing a remarkable 2.3% growth when compared to the same ...
Darco Real Estate Company Announces SR485 Million Project in Al Shati District of Jeddah In an exciting collaboration with SEDCO Capital and Sahem Financial Platform, Darco Real Estate Company has unveiled a groundbreaking project in the Al Shati district of Jeddah. The Capital Market Authority has approved the “SEDCO Capital Darco Al Shati Fund” as ...
Intel Announces Massive Job Cuts to Revive Business In a bold move to compete with its rivals, US chip maker Intel has revealed plans to slash more than 15,000 jobs. The announcement sent shockwaves through the market, causing the company’s shares to plummet by up to 20% and triggering a domino effect on other tech ...
OMODA&JAECOO Launch Event: A Spectacular Showcase of Innovation and Style On July 29th, OMODA&JAECOO pulled out all the stops for their grand brand launch event at the prestigious Fairmont Hotel in Riyadh, Saudi Arabia. The event drew in more than 250 esteemed local media personalities and industry Key Opinion Leaders (KOLs), garnering significant attention from ...
Petromin Foton Launches TUNLAND V Pickup Truck with Hybrid Power System in Saudi Market Petromin Foton has revolutionized the commercial vehicle industry in Saudi Arabia with the launch of the TUNLAND V pickup truck, the first of its kind to operate on a hybrid power system. This groundbreaking move signifies a major advancement in the ...
Saudi Awwal Bank Makes History by Receiving Local Content Certificate In a groundbreaking achievement, Saudi Awwal Bank has become the first bank in the Kingdom of Saudi Arabia to receive a ‘Local Content Certificate’ from the Local Content & Government Procurement Authority (LCGPA). The recognition is a testament to SAB’s unwavering commitment to driving local ...
Layla Al-Khalifa
Layla Al-Khalifa
