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Saudi Vision 2030, which will require around $1 trillion in investments over several years, will inevitably increase leverage in the Saudi private sector and the broader economy, albeit from low levels, according to S&P Global Ratings. ....
Abu Dhabi-based Mubadala Investment has joined hands with Global Infrastructure Partners for a strategic investment in Perdaman’s A$6.4 billion ($4.2 billion) Western Australia Urea project, one of the largest urea fertilizer facilities in the world. ....
Zain Bahrain, a leading telecom company in the kingdom, has announced that its net profit for the first three months of 2024 fell 25.3% when compared to last year, while its revenue surged by 7.4% for the period to hit BD19.5 million ($51.4 million). ....
DXwand, a global player in AI-powered conversational technology, has announced its launch to Saudi Arabia with AstroLabs, a leading business expansion platform in the Gulf. ....
Saudi-based Retal Urban Development Company has signed up its key unit Building Construction Company for the development of eight residential buildings in capital Riyadh. The entire work is likely to be completed within 24 months. ....