King Abdulaziz Port, the largest Saudi port on the Arabian Gulf, marks its successful story which dates back to over four decades ago. The comprehensive port is pioneering major industrial and economic developments.
Saudi energy Minister Khalid al-Falih said on Saturday that he hopes oil producers will be able to balance the oil market before next year. “We hope that we will balance the market before next year.
Gulf Stevedoring Contracting Company (GSCCO), part of the Gulftainer group of companies, has entered an agreement with Red Sea Marine Services Company Limited to manage and operate King Fahad Industrial Port in Yanbu (KFIP).
Higher public spending will push Saudi Arabia’s budget deficit to 7 per cent of gross domestic product (GDP) this year, the International Monetary Fund (IMF) said, a forecast well above the government’s own projection. The IMF’s forecast assumes that Saudi oil output will average 10.2 million barrels a day and oil prices
Dubai: In the first quarter of 2019, Saudi Arabia led the Mena IPO market raising a cumulative value of $58.3 million in capital, contributed by the listing of Saudi software and services company, Al Moammar Information Systems Company (Saudi SE) on Tadawul, according to the latest EY Mena IPO Eye report.
First Abu Dhabi Bank (FAB) has officially inaugurated its Saudi Arabia operations during a ceremony at its new Riyadh branch. The opening is a key milestone in FAB’s international expansion plans that will help to further strengthen commercial ties between the United Arab Emirates and Saudi Arabia.
Princess Reema assumed her new office on July 4, more than two months after she was appointed to the key post, replacing Prince Khaled Bin Salman, who is now the Kingdom’s deputy defence minister.
About 881,229 pilgrims reached by air, 35,148 by land and 10,349 by the sea, according to the statistics issued by the Saudi Directorate General of Passports.
President His Highness Sheikh Khalifa Bin Zayed Al Nahyan has sent a cable of condolences to the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz of Saudi Arabia, on the death of Prince Bandar Bin Abdulaziz Al Saud.
Britain said it was urgently seeking information about the Stena Impero after the tanker, which had been heading to a port in Saudi Arabia, suddenly changed course after passing through the Strait of Hormuz at the mouth of the Gulf.