In a contract valued at $733 million, ADNOC Drilling will deploy three ‘island’ drilling rigs for the offshore Zakum field operations in Abu Dhabi, awarded by ADNOC Offshore. The new…
Saudi Arabia’s point-of-sale (POS) spending surged by 48 percent, reaching SR12.34 billion ($3.29 billion) from June 23 to 29, with the education sector experiencing the most significant increase. Data from…
Saudi Arabia's finance minister believes the country's savings, natural resources, and state skills make it well-positioned for long-term economic development. During the OPEC Fund Development Forum and Ministerial Meeting in…
Negotiations between two firms may still take some time to finalize or could break down. Qatar Airways is currently in talks to acquire approximately 20 percent of Virgin Australia Airlines…
According to a new analysis, Saudi Islamic banks are expected to continue their strong performance this year and in 2025, boosted by non-oil economic development and good operating conditions. Fitch…
Spinneys, a DFM-listed company, had a main expansion strategy that included entering Saudi Arabia. Spinneys, a Dubai-based supermarket chain, has achieved a significant milestone by opening its first shop in…
An analysis has highlighted the need for substantial investment to tap into the potential 1,400 gigawatts of offshore wind energy in the Middle East and North Africa (MENA) region. According…
According to the sources, Saudi Arabia has surpassed China as the leading developing market issuer of international bonds, with $33.2 billion in bond sales to date. Due to an 8%…
The digital revolution within Saudi Arabia’s banking sector has significantly enhanced the nation’s economic landscape, making financial transactions easier for customers, experts told Arab News. The Kingdom, known for its…
The plant is set to be the first LNG export facility in the Middle East and North Africa region. ADNOC has granted NMDC Energy, Technip Energies, and JGC Corporation a…
