Saudi Arabia’s pioneering electric vehicle brand, Ceer, has secured a significant SR8.2 billion ($2.18 billion) agreement with Hyundai Transys, a South Korean company, to supply "EV Drive Systems" for its…
According to official data, Saudi Arabia's Industrial Production Index increased by 1.1 percent to 105.6 points in April as a result of manufacturing operations. The General Authority for Statistics reports…
Energy investment in the Middle East is projected to reach around $175 billion in 2024, with clean resources accounting for approximately 15 percent of this total, according to a new…
Saudi Arabia aims to leverage Morocco's mining expertise, as both countries hold substantial reserves and produce over 40% of the world's phosphate fertilizer, according to Saudi Minister of Industry and…
A recent analysis released by the International Energy Agency (IEA) suggests that the speedy adoption of sustainable technology has the potential to improve energy affordability. With solar photovoltaic and wind…
Lenovo, the global technology giant, has announced a significant bond deal with Alat, a strategic partner. Under the agreement, Lenovo will issue $2 billion in convertible bonds to Alat. The…
Company to expand network of filling stations from 840 to 1,000 stations over next 5 years ADNOC Distribution plans to expand its network of fuel stations in the UAE, Egypt,…
As the Kingdom diversifies its economy, the fashion industry in Saudi Arabia is expected to develop at a cumulative annual rate of 48% between 2021 and 2025, according to a…
On the sidelines of the Saudi-Japan Vision 2030 Business Forum in Tokyo, the Saudi EXIM Bank has signed two cooperation agreements with SMBC Business Banking and MUFG Bank. These agreements…
Archer Aviation recently inked a significant pact with the Abu Dhabi Investment Office (ADIO) for multi-million dollar investments to accelerate its planned commercial air taxi operations in the UAE. This…
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