Saudi Arabia's Public Investment Fund is weighing a deal to combine the mobile phone infrastructure of Saudi Telecom Co. and Zain Saudi Arabia "in a merger that would form the kingdom’s largest cellular towers company," people familiar with the plans told Bloomberg.
Saudi Arabia's stock exchange, the Tadawul, is in talks to recast its small-cap market, called Nomu, as a hub for the Middle East’s burgeoning startup industry," people familiar with the matter told Bloomberg.
Saudi Arabia's King Salman issued a royal decree appointing Fahad bin Abdulrahman bin Dahes Al-Jalajel as the new health minister, replacing the long-serving Dr. Tawfiq bin Fawzan bin Mohammed Al-Rabiah, according to the Saudi Press Agency.
The U.S. State Department joined a chorus of other nations in condemning Friday's attack by the Iran-backed Houthi group on King Abdullah Airport in Jazan, Saudi Arabia that wounded 10.
Saudi Arabia's ACWA Power International, one of the Kingdom's main vehicles for building renewable energy projects, has set the offer price for its IPO at the top of a range, Bloomberg reports.
After the U.S. withdrawal of most of its advanced missile defense systems and Patriot batteries from Saudi Arabia in recent weeks, the Kingdom has turned to Greece to supply a Patriot battery and manpower to operate it, according to reports.
Saudi Arabia has been ranked second among the G20 countries in the Digital Competitiveness Report for the year 2021, a publication issued by the European Center for Digital Competitiveness, according to a report.
Saudi Arabia’s non-oil exports rose a whopping 52 percent during the second quarter of this year as evidence the kingdom's economy continues to recover from the pandemic continues to mount.
Saudi Arabia on Tuesday approved two more COVID-19 vaccines for use by its citizens and residents as the Kingdom continues to see progress in battling the spread of the virus within its borders.
