Saudi Arabia plans a raft of privatizations across four key sectors by early next year, a panel at the Future Investment Initiative (FII) forum heard on Thursday.
Economy Minister Mohammed Al-Tuwaijri said the state sell-off would span four sectors: Silos and grains, schools, health care and desalination.
The minister was speaking on the final day of the Riyadh conference, inRead more
Saudi stocks surged on Thursday after Crown Prince Mohammed bin Salman addressed a global gathering of business chiefs in Riyadh.
The Tadawul gained 4.3 percent after the crown prince’s appearance at the three-day Future Investment Initiative (FII), which concluded on Thursday.
Strong corporate earnings also helped the market to outperform regional peers.
Several CEOs and politicians had boycotted the eventRead more
The Abu Dhabi National Oil Co. (ADNOC), is exploring opportunities for further cooperation in energy and petrochemicals with Saudi Arabia, it emerged at the Future Investment Initiative (FII) conference in Riyadh.
Sultan Al-Jaber, the chief executive of ADNOC and UAE minister of state, told Arab News that the investment potential in the Kingdom was “enormous,” and that he was interestedRead more
His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa sent a cable of congratulations to Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud on the occasion of announcing the economic development project.
HRH the Premier congratulated King Salman on the unprecedented mega economic development and investment project which, he said, will usher in aRead more