BUSINESS NEWS
Signing of a memorandum of understanding between the Iraqi Development Fund and a Turkish company
The Iraqi Development Fund and the Turkish company Teriyaki Agro signed a joint memorandum of understanding during the activities of the Iraqi-Turkish Economic Forum, which began this afternoon, Monday, in the capital, Baghdad.
The memorandum was sig…
Under the Patronage of HRH Crown Prince Mohammed bin Salman, Saudi Arabia to Host World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development
Riyadh: Riyadh will host the World Economic Forum (WEF) Special Meeting on Global Collaboration, Growth, and Energy for Development on 28 – 29 April, under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Pri…
Aramco in Talks to Acquire 10% Stake in Chinese Company Hengli Petrochemical
Dhahran, Aramco, one of the world’s leading integrated energy and chemicals companies, said in a statement issued today that it has entered into discussions with Hengli Group Co., Ltd. (Hengli Group) regarding the potential acquisition of a 10% stake …
PIF and stc Group Sign Definitive Agreements to Form Region’s Largest Telecom Tower Company
Riyadh: The Public Investment Fund (PIF) and Saudi Telecommunications Company (stc Group) announced today the signing of definitive agreements whereby PIF will acquire a 51% stake in Telecommunication Towers Company Limited (TAWAL) from stc Group. TAW…
Largest Telecommunications Towers Company is a Reality, Alwetaid Said
Riyadh: stc Group CEO Olayan Mohammed Alwetaid said that the largest telecommunications towers company in the region became a reality following PIF’s signing of definitive agreements to acquire a majority stake in Tawal.
Alwetaid, in a statement to t…
JEDCO CEO: Operational Figures at King Abdulaziz Airport Demonstrate Successful Umrah Season Plans
Jeddah: CEO of Jeddah Airports Company (JEDCO) Mazen Johar, has highlighted the implemented measures to facilitate passengers’ procedures during the peak season of Umrah, spanning from Ramadan until the 9th of Shawwal.
Johar highlighted that these me…
King Abdullah City for Atomic and Renewable Energy Takes Part in the 26th World Energy Congress in Rotterdam
Riyadh: King Abdullah City for Atomic and Renewable Energy (KACARE) is participating in the World Energy Congress, which is taking place in Rotterdam, the Netherlands, from April 22 to 25.
By taking part in the event, KACARE aims to show the