Trade and investment ties between China and Gulf Arab states are expected to feature prominently in President Xi Jinping’s visit to Saudi Arabia this week as the region increasingly looks East to drive economic transformation at home for a post-oil era. China, the world’s biggest energy consumer, is a major trade partner of Gulf oil […]
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Crown Prince Mohammed bin Salman hosts China’s leader this week at a delicate moment in U.S.-Saudi ties, signalling Riyadh’s resolve to navigate a polarised global order regardless of the wishes of its Western allies, analysts said. The ruler of the oil giant has made a comeback on the world stage following the 2018 murder of […]
An electric vehicle (EV) assembly plant to be built in Saudi Arabia is likely to be one of three in the kingdom, investment minister Khalid Al-Falih said on Wednesday. United States-based EV maker Lucid Motors, which is more than 60% owned by Saudi Arabia’s sovereign wealth fund, plans to build its first overseas production factory […]
The Saudi Telecommunication Company, known as STC, is the leading telecom operator in the Kingdom of Saudi Arabia (KSA), competing with United Arab Emirates (UAE)-based Etisalat for the number one spot in the region. Established in 1998, the company has been witnessing successive periods of evolution and portfolio diversification that often mirror the telecom landscape […]
Oil giant Saudi Aramco is in talks with partners in China about further investments in the country, CEO Amin Nasser said on Monday. “China is an important part of Aramco’s base,” Nasser told reporters on the sidelines of a conference in Saudi Arabia. “And we are currently in discussions with a number of our partners […]
Saudi Arabia-based telecom stc partnered on Tuesday with Swedish giant Ericsson to deploy 5G standalone (SA) for consumers and enterprises on Ericsson Cloud Native Infrastructure. This move follows a two-year partnership between both telcos signed back in 2019, when the Saudi firm deployed 5G network using Ericsson’s commercial hardware and solutions including radio access network (RAN). The new expansion on stc’s 5G Core (5GC) network, will support both 5G standalone (SA), non-standalone (NSA), in addition to 4G. […]
Saudi Arabia’s state oil giant acknowledged Wednesday that leaked data from the company — files now apparently being used in a cyber-extortion attempt involving a $50 million ransom demand — likely came from one of its contractors. The Saudi Arabian Oil Co., better known as Saudi Aramco, told The Associated Press that it “recently became […]
The KSA’s Saline Water Conversion Corporation (SWCC) was officially recognized by Guinness World Records for setting its record-setting reduction in energy consumption for water desalination to 2.271 kWh per cubic meter. For the company this represents achieving a pioneer position in promoting environmental sustainability, and that “SWCC achieved this milestone by adopting innovative technologies that […]
Saudi Arabia’s Communications and Information Technology Commission (CITC) fined late last week, a number of local telecoms providers for violating several telecommunications laws in the Kingdom. CITC imposed fines reaching more than SR40 million ($10.67 million) for making promotional offers in violation of CITC’s decisions, using frequencies without licenses, failing to comply with the CITC’s […]
Fintech Saudi in partnership with Flat6Labs, a regional startup accelerator, are launching a Fintech accelerator that consists of an intensive innovation and entrepreneurship program spanning 3 months. The partnership brings together Fintech Saudi’s market reach as well as Flat6Labs’ experience and resources to provide 10 startups with all the tools, practices, and resources to scale […]