Saudi Arabia backs Pakistan with $6B in oil and deposits

Published on: October 27, 2025 3:57 PM Pakistan’s economy received a major boost as Saudi Arabia agreed to provide a $1 billion oil facility this fiscal year. The finance ministry confirmed the extension, which will help Pakistan meet oil import...

Shipping must quickly adapt to the new world order

THE recriminations and finger-pointing in Europe over shipping’s crumbling decarbonisation consensus have the potential to become an unwelcome distraction. Greece and Cyprus will likely not face an infringement case over their unprecedented move...

Bio Farma seeks public health protection, industrial sustainability

Denpasar, Bali (ANTARA) - PT Bio Farma strives to protect public health and industrial sustainability through collaborative efforts with global partners. "We need more collaborative problem solving with WHO, Gavi, UNICEF, CEPI, and other donors,...

ADES to resume offshore drilling contracts in Saudi Arabia in 2026 

Saudi Arabia-based oil and gas drilling services provider ADES Holding Company (ADES) is set to resume several of its drilling contracts in the country. ADES will recommence multiple onshore agreements and one offshore contract, which is scheduled...

Saudi Bid for EA Could Leave the Game Giant’s Valuable IP Hanging

When Microsoft completed its mammoth deal to acquire Call of Duty publisher Activision Blizzard in 2023, Electronic Arts became the largest standalone Western video game publisher. But at the end of September, Saudi Arabia’s Public Investment Fund...

Al-Futtaim Commits to Investing SAR 10 Billion in Saudi Arabia During Its Participation in FII

Strategic Investment Strengthens Al-Futtaim’s Leadership in Saudization, Talent Development, and Diversified Growth in KSA Al-Futtaim Group, one of the region’s leading conglomerates, announced today its strategic commitment to invest SAR 10...

Shaping Africa’s Industries with AI, Health Tech

Fresh voices from the intersection of Artificial Intelligence, heath technology and communications are beginning to shape industries from across Africa, writes Emma Okonji For many, it might be difficult to begin to imagine how Artificial...

SOFAZ delegation visits Saudi Arabia

Baku, October 29, AZERTAC On October 27–28, a delegation led by Israfil Mammadov, Chief Executive Officer of the State Oil Fund of the Republic of Azerbaijan (SOFAZ), conducted a working visit to the Kingdom of Saudi Arabia. The main purpose of...

Saudi EXIM signs 3 MoUs with global partners to boost ties

The Saudi Export-Import Bank (Saudi EXIM) has signed three key Memoranda of Understanding (MoUs) with prominent global partners to enhance collaboration in critical areas, including reinsurance, joint project development, co-financing, and...

Saudi Arabia extends $1bln oil facility, $5bln deposits to Pakistan

Pakistan’s economy received a significant boost from Saudi Arabia, which has agreed to provide a $1 billion oil facility this fiscal year and roll over $5 billion in existing deposits, according to the finance ministry. The oil financing facility,...

Al-Sharaa in Riyadh: Syria is central to regional stability

Syria is a “cornerstone of regional stability,” and restoring ties with Riyadh was a “strategic step” toward Damascus’ reintegration into its Arab and international surroundings, Syrian Transitional President Ahmed al-Sharaa said at Future...

Masdar secures 2GW of solar projects in Saudi Arabia 

Masdar has been awarded contracts by Saudi Power Procurement Company (SPPC) for two solar photovoltaic (PV) projects in Saudi Arabia, with a total capacity of 2GW. The contracts were awarded as part of sixth round of bidding in the National...

Kuwait to Invest $4 Billion in Oil Exploration by 2030

Kuwait Oil Company, the national oil firm of one of OPEC’s biggest Gulf producers, plans to invest as much as $3.9 billion (1.2 billion Kuwaiti dinars) in exploration drilling by 2030, a senior company executive told Reuters in an interview...

KFSHRC and CellCo Sign MoU to Advance Biosynthetic Heparin (Bioxaparin™) and Next-Generation Therapeutics in Saudi Arabia

Riyadh, Saudi Arabia King Faisal Specialist Hospital and Research Centre (KFSHRC) and The Cell Company (CellCo) signed a memorandum of understanding to establish a strategic collaboration that advances the clinical evaluation of Bioxaparin™, set...

Day 3 of President Radev's Visit to Riyadh

President Rumen Radev is visiting Saudi Arabia to take part in the Future Investment Initiative international forum. On Wednesday, his third day Riyadh, he held meetings with Jordan’s Crown Prince Al Hussein bin Abdullah, Saudi Arabia's Investment...

Operating revenues in Saudi business sector reaches $1.47trln in 2024

RIYADH — Operating revenues in Saudi Arabia’s business sector recorded an annual increase of 3.9 percent, reaching SR5.5 trillion during the year 2024, according to the General Authority for Statistics (GASTAT). The 2024 Structural Business...

Saudi non-oil exports rise by 5.5% in August

RIYADH — Saudi Arabia’s non-oil exports, including re-exports, recorded an increase of 5.5 percent in August 2025 compared to the same month of 2024. The trade balance recorded a surplus growth of 4.1 percent, amounting to SR24.2 billion, compared...

Viral ‘sky stadium’ video from Saudi Arabia found to be computer-generated

Social media has been awash this week with a viral video showing what appears to be a football stadium perched atop a skyscraper in Saudi Arabia. According to details, the clip has circulated with claims that the structure will host matches during...

COMMENT: Sanctions on Rosneft and Lukoil are symbolic and won’t stop its oil exports

The Trump administration’s sanctions on Russian oil giants Rosneft and Lukoil, announced on October 22, may appear decisive at first glance, but they are not going to make a material difference to Russia’s export of oil, Sergey Vakulenko, an...

Europe’s First Fully Automated MultileveRevolutionizing Automotive Supply Chains: ICO’s Green Initiativel Parking System for

Home/News/Europe’s First Fully Automated MultileveRevolutionizing Automotive Supply Chains: ICO’s Green Initiativel Parking System for Yukta SharmaNovember 4, 2025Last Updated: November 4, 2025 0 Less than a minute International Car Operators N.V....