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Tag Archives: Saudi Arabia

Saudi Arabia pumps $400m investments into Sinai development

Egypt’s investment and international cooperation minister Sahar Nasr said Sunday that Saudi Arabia has injected investments worth $400 million during the recent weeks as part of the Egyptian-Saudi agreement to develop the Sinai Peninsula. Nasr noted that total Saudi investments in Sinai rose to $900 million. The Sinai development programme …

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Saudi high-speed rail project enters fast track

By: Ahmad Abu el-Hamd March 20, 2017 Work on the high-speed Haramain Express rail project in Saudi Arabia is progressing at a steady pace with 95 per cent of 450-km-long line – linking the key cities of Makkah and Madinah – already completed, said a report. The remaining 20-km line, …

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Saudi non-oil business grows further in January

Growth in Saudi Arabia’s non-oil private sector improved further at the beginning of 2017, rising to the highest level in 17 months in January. The latest upturn is mainly attributed to a “sharp” rise in output and new business, amid data of improved client demand across foreign markets, according to …

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Saudi Arabia plans to sell 49% of Aramco

Gulf News, Saudi Arabia is planning to sell almost half of Saudi Arabian Oil Co., the world’s largest oil company, Al Eqtisadiah reported. A 49 per cent stake will be sold within 10 years, according to the Riyadh-based newspaper, which cites an unidentified senior government official. Deputy Crown Prince Mohammad Bin …

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The company seizes 75% of EETC supply

Adel Zayd: Financial Manager of “Saudi Al-Babtain” in Egypt  We have investments worth EGP 250m in Egypt We do not deal with the black market as exports provide us with foreign currencies   Dr. Adel Zayd, financial manager of Al-Babtain Power & Telecom in Egypt, says that the company is taking …

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