Kuwait’s KSCP mulls buying stake in Saudi Investment Bank
Kuwait Finance House KSCP is considering purchasing a significant stake in Saudi Investment Bank as deal activity…
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Riyadh
UAE, Iran rare economic commission set to convene in Abu Dhabi
A rare joint economic commission between the United Arab Emirates and Iran will convene in Abu Dhabi from Tuesday…
Egypt’s economic performance to beat June targets – minister
Egypt’s economic and financial performance is showing positive developments, with expectations to surpass targets…
Uganda secures $295m loan from S. Arabia’s IDB
Uganda has recently inked a deal with the Islamic Development Bank (IDB) of Saudi Arabia, securing a $295 million…
Aramco raises dividend to $31b despite lower oil prices
Aramco raised its dividend payment to investors and the Saudi government, totalling $31.07 billion in the fourth…
Dubai to divest stake in parking business
Dubai’s government selling a 25 per cent ownership share in the city's public parking business through an initial…
S. Arabia’s Savola group to issue Almarai stake to shareholders
Saudi Arabia's Savola announced that it intends to give its eligible shareholders a 34.52 per cent stake in the…
Saudi Aramco requested to cut max capacity target back to 12 mbpd
Saudi Aramco said on Tuesday it was directed to lower its planned maximum sustainable oil production capacity from…
KNOC signs 5.3 mln barrel oil storage deal with Saudi’s Aramco
South Korea’s state-run Korea National Oil Corp (KNOC) announced on Monday that it has signed a deal with Saudi…
Palestine’s Tell al-Sultan placed on UNESCO’s world heritage list
Palestine's Tell al-Sultan pre-historic site, located near the occupied Palestinian city of Jericho is placed on…