Finance Minister Ahmed Kouchouk said his ministry will work for launching new financial instruments for the local market over the period ahead.

The ministry will also focus on facilitated finance from financing institutions, paying special attention …

Riyadh, The Saudi Electricity Company (SEC) continued its strong financial performance in the first half and second quarter of 2024, according to an SEC press release issued today. Revenues climbed 15.5% year-over-year to SAR38.2 billion for H1 2024, …

Dhahran, Aramco issued a press release today informing that it had signed a definitive agreement to acquire from Sumitomo Chemical an additional stake of approximately 22.5%, worth $702 million, in Rabigh Refining and Petrochemical Co. (Petro Rabigh),…

Dammam, The King Abdulaziz Port in Dammam has set a new record for container throughput on a single vessel, handling an impressive 20,645 TEUs on the COSCO SHIPPING AQUARIUS 036E.

This achievement underscores the port’s pivotal role in supporting tra…

Shaqra, The fourth Shaqra Pepper Festival, which concluded yesterday, was a resounding success, helping sell large quantities of the region’s distinctive peppers and pepper-based products.

The event drew significant attention from government entities…