Saudi Arabia

Saudi Aramco Inks $12.2 Billion China Oil Refinery, Petchem Complex Deal

Saudi Aramco signed an agreement with Chinese partners on Sunday for an oil refinery and petrochemical project in northeast China that is expected to start in 2026 to meet the country’s growing demand for fuel and chemicals. The project in Liaoning province’s city of Panjin will be Aramco’s second major refining-petrochemical investment in China and […]

Untangling Visions 2030

These are not mere visions. They’re a roadmap to a better tomorrow for both nations. Be it the Saudi Arabia Vision 2030 or UAE Vision 2030. They both serve as a clear declaration of commitment of both countries. These visions include mega projects that will turn these nations into economic hubs for the world to […]

Saudi Aramco Reports record profit of $161.1 billion in 2022

Saudi Arabian oil giant Aramco on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the previous year on higher energy prices, increased volumes sold and improved margins for refined products. The profits, which are around triple that of Exxon’s $56 billion, follow similar reports in February from international […]

KSA’s XVRS: Cognition at the Heart of the Metaverse

The future is cognitive, and NEOM is here to ensure it. And despite being a project in KSA, it is actually a global project above all else. But NEOM’s projects go beyond the realm of reality to delve into one of this era’s main focal points, the metaverse. But a little more complex. In fact, […]

KSA’s Newest LEAP

Saudi Arabia is Nokia’s biggest market in the Middle East and Africa, and it plays a significant role in society in the nations where it does business. Accordingly, Nokia sees Saudi Arabia as a crucial market. The company is dedicated to offering the most cutting-edge technologies. Including 5G. To help the country develop a robust […]

Saudi Arabia Says Tech Giants to Invest More Than $9 Billion in Kingdom

Saudi Arabia has attracted more than $9 billion in investments in future technologies, including by U.S. giants Microsoft and Oracle Corp, which are building cloud regions in the kingdom, a government minister said on Monday. Saudi Minister of Communication and Information Technology Abdullah Alswaha said Microsoft will invest $2.1 billion in a global super-scaler cloud, […]

Oracle to Invest $1.5 Billion in Saudi Arabia, Open Data Centre in Riyadh

Oracle Corp plans to invest $1.5 billion in Saudi Arabia in the coming years as it builds up its cloud footprint in the kingdom and opens its third public cloud region in Riyadh, a company official said. Saudi officials have pressed international companies to invest in the kingdom and move their regional headquarters to Riyadh […]