Saudi food delivery firm Jahez signed a non-binding pact to acquire The Chefz, months after Delivery Hero’s attempt to buy the firm was...
Saudi Arabia
Latest Posts
ACWA Power reports net profit of SAR152m in Q1 2022
Saudi-based ACWA Power Company (ACWA Power), which is a key developer, investor and operator of power generation, water desalination and...
Bravado Gaming announces its debut in Middle East, Africa
Multi-gaming organisation and lifestyle brand Bravado Gaming has announced its entry into the Middle East and Africa gaming industry as part...
OPEC+ ministers say pumping more oil won’t ease gasoline prices
Saudi Arabia’s energy minister said a dearth of refining capacity meant that gasoline and other oil products would remain expensive even if...
Dubai’s GII buys 51% of Saudi Arabia’s Almeswak for $530m
Dubai-based Gulf Islamic Investments has closed a $530m deal to buy a stake in Saudi Arabia’s largest provider of dental and dermatology care...
Saudi’s Detasad unveils new technology at Satellite 2022 conference
Detasad, Saudi Arabia’s infrastructure provider has officially unveiled its ‘dynamic bandwidth optimisation’ technology at the Satellite 2022...
Sovereign wealth fund PIF launches Saudi Coffee Company
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has launched the Saudi Coffee Company. The company aims to enable the...
Saudi Arabia posts $15bn surplus on soaring oil income
Saudi Arabia reported a SAR57.5bn ($15.3bn) budget surplus in the first quarter as officials kept spending restrained despite surging oil...
Saudi Aramco’s profit soars as oil prices and production jump
Saudi Aramco posted the highest profit since its record stock-market listing, after oil prices surged in the wake of the Russian-Ukrainian...