Ambassador of Saudi Arabia visits FPCCI

Karachi (PR) Pakistan has strong strategic, diplomatic and economic relations with Saudi Arabia and Pakistan cannot forget the financial assistance of Saudi Arabia in the form of oil, construction of educational institutions and on Kashmir cause; this was stated by Mian Nasser Hyatt Maggo, President of the Federation of Pakistan… Continue reading

Ufone offers lowest data roaming rates for Saudi Arabia and UAE

Islamabad: Ufone has introduced the lowest ever data roaming rate for Saudi Arabia and UAE. Data roaming offer will now be available for as low as 4 Paisa per 10Kb mean approx. Rs 4/MB. This allows one to remain connected with their loved ones without worrying about high connectivity charges…. Continue reading

Saudi Arabia to hike oil output above 10 million barrels per day in April after OPEC+ deal collapse

Saudi Arabia, the world’s top oil exporter, plans to raise its crude oil production significantly above 10 million barrels per day (bpd) in April, after the collapse of OPEC’s supply cut agreement with Russia, two sources told Reuters on Sunday. FILE PHOTO: Saudi Aramco logo is pictured at the oil… Continue reading

SICO gets regulatory approval to offer asset management services in Saudi Arabia

MANAMA, BAHRAIN: SICO BSC has announced that its Saudi subsidiary, SICO Financial Saudi Company has received a license from the Saudi Capital Markets Authority (CMA) to manage private non-real-estate investment funds and sophisticated investor portfolios in the Kingdom of Saudi Arabia. SICO is a leading regional asset manager, broker, market… Continue reading

Pakistani Hajj & Umrah pilgrims must submit their biometrics before travel to Saudi Arabia

KARACHI: Saudi Ministry of Hajj & Umrah had issued a circular on Massar (https://visa.mofa.gov.sa/account/hajsmartform) stating pilgrims in countries with Biometric enrollment centres for Hajj & Umrah, such as Pakistan, must consider completing the mandatory biometric registration locally after obtaining Hajj or Umrah visa. Registering biometric information before arriving at the… Continue reading

Westminster Group forms new joint venture in the Kingdom of Saudi Arabia

LONDON: Westminster Group Plc, a leading supplier of managed services and technology-based security solutions worldwide, has entered into a joint venture agreement with a significant partner in the Kingdom of Saudi Arabia, Hazar International. [the_ad id=”31605″]Hazar has been providing products and services in a broad range of industries, particularly within… Continue reading

HSBC ETFs PLC launches HSBC MSCI Saudi Arabia ETF

LONDON: The Board of Directors of HSBC ETFs PLC has announced the launch of HSBC MSCI Saudi Arabia 20/35 Capped UCITS ETF.[the_ad id=”31605″]The sub-fund will aim to replicate the performance of the MSCI Saudi Arabia 20/35 Capped Index. The Index is a market-capitalisation weighted index designed to measure the performance… Continue reading

Shanghai Electric signs MOU with Saudi’s ACWA Power to co-develop global solar projects

DUBAI, UAE – PRNewswire — Shanghai Electric Group Co., Ltd., a leading multinational power generation and electrical equipment manufacturing conglomerate, has signed a Memorandum of Understanding (MOU) to collaborate with Saudi Arabia’s ACWA Power on global clean energy projects, continuing the group’s expansion into Belt and Road initiative countries.[the_ad id=”31605″]The… Continue reading

Ascott steps up global growth with 14 new properties

SINGAPORE: CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), has clinched contracts to manage 14 properties with over 2,000 units across eight countries – China, Germany, India, Indonesia, Japan, Malaysia, Thailand and Saudi Arabia. Three of the 14 new properties are under its coliving ‘lyf’ brand, strategically located… Continue reading

De La Rue awarded digital tax stamp solution contract by the Kingdom of Saudi Arabia

BASINGSTOKE, UK: De La Rue, the world’s premier security solutions provider, has announced that it has signed a five year contract with the General Authority of Zakat and Tax (GAZT) in The Kingdom of Saudi Arabia to implement and operate a digital tax stamp solution for all tobacco products and… Continue reading