Featured Saudi Aramco acquires Valvoline in $2.65 billion deal Nada Ali Mar 6, 2023 0 Saudi Arabian oil company Aramco has announced on Thursday its acquisition of Valvoline Inc. global products…
Money Saudi sovereign wealth fund in talks to acquire Egypt’s United Bank for $600 million Yomna Yasser Dec 12, 2022 0 Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF) is in advanced talks to acquire Egypt’s…
Featured Saudi wealth fund to buy new stakes in two Egyptian firms Amwal Al Ghad English Nov 29, 2022 0 The Saudi Egyptian Investment Co (SEIC), owned by Saudi Arabia's state-owned Public Investment Fund (PIF), plans to…
Tech/AI Saudi ACWA Power, Oman’s OIA sign MoU for 1.1GW Suez Wind Energy project Yomna Yasser Nov 8, 2022 0 Saudi ACWA Power Company has signed on Monday a preliminary agreement with Oman Investment Authority (OIA) to…
Featured Egypt-Saudi power link project to start trial operations in May 2025 – official Nada Ali Oct 20, 2022 0 Egypt-Saudi Power Interconnection project is scheduled to begin its first trial operations by May 2025, while the…
Egypt News Standard Chartered provides $566.4 million to finance Saudi-Egypt power link project Nada Ali Oct 18, 2022 0 Standard Chartered Bank (SCB) has arranged with Sumitomo Mitsui Banking Corporation a $566.4 Export Credit Agency…
Egypt News Air Arabia Egypt launches new direct flight from Alexandria to Medinah Nada Ali Oct 5, 2022 0 Air Arabia Egypt has announced on Thursday for launching its new direct flights from Alexandria to Medinah city in…
Arab Saudi market loses 1500 points, records lowest level in a year Nada Ali Sep 26, 2022 0 Saudi Arabia’s general index of Tadawul market fell to its lowest levels in more than a year at 11030 point, losing…
Stocks Saudi bourse soars, some major Gulf markets retreat Nada Ali Aug 18, 2022 0 Saudi bourse's main index increased to its highest over two months on Thursday after the IMF held its 2022 economic…
International News Saudi sovereign fund injects $7 billion in U.S. shares Nada Ali Aug 16, 2022 0 Saudi Arabia's sovereign wealth fund has invested more than $7 billion by buying minority stakes in U.S. companies…