Latest in Tag: Saudi Highlight
Latest in Tag: Saudi

Saudi Morni Holding invests $10m to acquire Egyptian companies through Exits.me platform
Morni Holding plans to invest $10m in Egypt between now and 2030.

Saudi Egyptian Developers Launches its 50th Project
“Central”: The Latest Luxury Mixed-Use Project in the Heart of New Cairo Implemented at an Investment with the Total of EGP 10.3 Billion

Saudi Alhokair Family acquires 4.99% stake in Cairo-based valU
Currently subject to relevant regulatory approvals and satisfaction of certain conditions precedent, the transaction marks Alhokair Family’s first investment in a BNPL platform in Egypt, underscoring valU’s strength in the market and marking a key steppingstone for the platform to create strategic regional partnerships.

Opinion| Saudi-Chinese cooperation raises concerns in United States of America
Experts also believe that allowing oil payments to be paid in yuan may pave the way for the establishment of a parallel system of international payments in which the Chinese yuan will occupy the importance and strength similar to the US dollar. Also, it will help Russia bypass the sanctions imposed by Western countries after it invaded Ukraine, as Moscow can use the yuan as well.

YouTube launches music charts for most popular Egyptian, Saudi, Emirati songs
YouTube announced on Sunday the launch of YouTube Charts, a collection of charts which list the top songs and artists in each of the Saudi Arabia, Egypt, and the United Arab Emirates on a weekly basis offering the Arabic music industry a more streamlined and transparent approach to measure the popularity of their music. YouTube …

17th Egyptian-Saudi Joint Committee agrees to develop trade cooperation
Two countries undertook several bilateral agreements, including an agreement to hold 18th joint committee meeting in Riyadh

Egypt condemns continued attacks by Yemen’s Houthi militias towards Saudi territory
Arab coalition destroyed five ballistic missiles and four explosive-laden drones launched by Houthis aimed at Saudi Arabia

Egypt welcomes Saudi initiative for comprehensive political solution in Yemen
Saudi Arabia, meanwhile, affirms its total rejection of any Iranian interference in region, specifically in Yemen

Saudi-Egyptian Developers launches latest New Cairo project
Company increased sales during 2019 and 2020 to reach total of EGP 7.4bn

Egypt condemns Houthi attacks on Saudi energy facilities
Missile attacks by Yemeni group, all of which were intercepted, targeted Ras Tanura port, Aramco facilities

Arab League backs Saudi rejection of US report on Khashoggi case
Saudi judicial authorities are solely responsible for holding accountable those involved in journalist’s death: Aboul Gheit

Shoukry, Bin Farhan discuss Egyptian-Saudi ties, regional updates in Riyadh
Developments of the Palestinian Cause and situations in Yemen, Syria, and Libya, are at the forefront of the committee’s discussions.

Egypt condemns Houthi attack on Saudi petroleum products station
Saudi Aramco’s supply of fuel was unaffected by terrorist attack, say officials

Egypt welcomes Saudi proposal accelerating Riyadh Agreement in Yemen
Power-sharing deal between government and STC targets political solution in Yemen

Egypt, Saudi Foreign Ministers agree to confront external interference in Middle East
Egypt’s Foreign Minister also said that the spread of terrorist groups in some countries in the Middle East threatens Arab national security.

Colliers anticipates fastest recovery for Emirati, Saudi hotel sectors in MENA
Cairo, Sharm El-Sheikh hotels to record occupancy rate increases of 46% and 41%, respectively, says Colliers International

Saudi-led coalition announces one month extension of Yemen ceasefire
A previous two-week ceasefire, ignored by the Houthis, ended on Thursday

Three senior Saudi royal family members arrested for unclear reasons
Saudi government has not acknowledged arrests or comment so far

EETC invites 7 companies to bid on constructing Egypt-Saudi interconnection electricity line
The sources pointed out that the list of companies that were invited are the same as those participating in the cancelled tender, which includes El Sewedy, State Grid, Kalpataru, Hyundai, NCC, L&T, and KEC.

Egyptian-Saudi partnership invests $450m in hotel operation and management
Thrawaat International Investment receives exclusive management for Swiss International Hotels & Resorts in Egypt

Egyptian, Saudi naval forces carry out Morgan-16 maritime training in Red Sea
The training comes to enhance the horizons of military cooperation

Minister of Planning discusses Egypt’s SWF investment opportunities with Saudi delegation
The fund is moving quickly and confidently towards activating its investment work and attracting investments in line with the sustainable development strategy, says Hala Al-Saeed

Saudi’s new media centre: a rising portal in the world of digital diplomacy
Content creation, digital diplomacy, and lack of identity presenting among the severe challenges meeting MENA news agencies, says Al-Tawayan

Prysmian Group to conduct marine survey of Egyptian-Saudi electrical interconnection’s cables
The planned interconnection was modified to include the cross-border city Neom.

Houthi rebels attack Saudi Najran town, capture thousands of troops
Saudi officials have not confirmed the claim yet

Trump says he does not want war after attack on Saudi oil facilities
UK, Germany agree on need for international response to Saudi attack: UK PM’s spokesperson

Saudi-led coalition strikes Dhamar
Houthi movement said strikes targeted prison

Joint Saudi-UAE committee to reach ceasefire in Yemen
UAE-backed southern separatists took over Aden stirring tension within Saudi-led alliance

A Sino-Saudi partnership to establish an industrial complex for aluminum production in Egypt on 6 sqm
This came during a meeting with Chinese conglomerate HNA Group CEO Wang Jian and Mohammed Bin Abdulaziz Alajlan, vice chairperson of Al-Ajlan Group, at the cabinet in New Alamein.

ACA finalises building capacity project with Saudi ‘Nazaha’
Project part of inked agreement between both, says Saudi embassy