Saudi Arabia's Public Investment Fund (PIF) has reportedly acquired a 30% stake in Saudi Tabreed, a leading cooling services provider in Saudi Arabia, according to a report in Bloomberg and Reuters.
Saudi Arabia’s economy continues its streak of growth with positive data points in key areas like non-oil PMI, consumer spending, and point of sale transactions, according to the latest monthly chartbook released by Jadwa Investment.
Saudi Arabia's King Salman bin Abdulaziz declared Wednesday as a public holiday after the Saudi soccer team beat Argentina in the World Cup on Tuesday in a thrilling and historic upset that will long be remembered and celebrated by Saudis.
Saudi Arabia has announced 66 new initiatives as part of its environmental plan at the UN global climate change summit taking place in the Egyptian resort town of Sharm El-Sheikh, according to reports.
Saudi’s state-owned oil company Aramco announced yesterday the launch of a venture capital fund that will focus on sustainability-related projects, according a press release from the company and reports.
The Red Sea Development Co., known as TRSDC, has rebranded to now be called Red Sea Global (RSG), the company announced during the sixth edition of Future Investment Initiative (FII) in Riyadh on Oct. 25.
Saudi Arabia's Crown Prince Mohammed bin Salman launched the Kingdom's National Industrial Strategy, which aims to increase the industrial exports value to 557 billion riyals by 2030 ($148.34 billion), Reuters reports, citing the Saudi Press Agency.
