GOVERNMENT

Saudi mineral wealth could top $1.3 trillion amid Kingdom’s aggressive exploration plan

Saudi mineral wealth could top $1.3 trillion amid Kingdom’s aggressive exploration plan

RIYADH: Saudi Arabia expects its mineral wealth to exceed earlier estimates of $1.3 trillion as the Kingdom plans to triple spending on the exploration of metals over the next three years, said the head of the organization responsible for assessing its geological potential. Abdullah bin Muftar Al-Shamrani, CEO of the Saudi Geological Survey, said that this […]

King Salman calls for continued commitment to the OPEC+ agreement

King Salman calls for continued commitment to the OPEC+ agreement

RIYADH: Saudi Arabia is keen to continue working with the OPEC + alliance as it plays an essential role in stabilizing the oil markets, King Salman bin Abdulziz said, calling participating countries for the same commitment. The Kingdom affirmed that the stability and balance of the oil market is one of the pillars of its energy strategy, as it believes […]

Gas Arabian to list on Nomu after offering 790,000 shares in IPO

Gas Arabian to list on Nomu after offering 790,000 shares in IPO

RIYADH: Gas Arabian Services Co. plans to offer 790,000 ordinary shares or 5 percent of its capital, and to list them on the parallel market, NOMU, according to a bourse filing. FALCOM Financial Services Co. is the Financial Advisor and Lead Manager of the IPO. Gas Arabian got the approval to list shares on Nomu […]

Saudi Crown Prince instructs Riyadh planners to push ahead with city’s global ambitions

Saudi Crown Prince instructs Riyadh planners to push ahead with city’s global ambitions

RIYADH: Saudi Crown Prince Mohammed bin Salman instructed Riyadh city planners to continue with implementing its ambitious 2030 strategy to make it one of the best global cities. The Crown Prince’s instruction followed a board meeting of the Royal Commission for Riyadh City, known as RCRC, to review the strategy that aims to place the Saudi capital among the top […]