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News
ADNOC Distribution sells Shell Downstream stake
11+ hour, 11+ min ago (233+ words) The acquisition is expected to close in 2027. Abu Dhabi National Oil Co. for Distribution (ADNOC Distribution) has signed a definitive agreement with Reatile Group, under which Reatile will acquire a minority stake in Shell Downstream South Africa, following the completion…...
SAMA Governor, CMA Chairman discuss boosting cooperation
13+ hour, 6+ min ago (93+ words) ارقام SAMA Governor, CMA Chairman discuss stronger cooperation Ayman Alsayari, Governor of the Saudi Central Bank (SAMA), received today, Aug. 23, the Capital Market Authority (CMA) Chairman Mazen Al-Sudairi in Riyadh. The meeting included discussions on matters of mutual interest between…...
Watani Steel renews SAR 25M credit facilities with Alinma Bank
14+ hour, 22+ min ago (110+ words) Logo of Watani Iron Steel Co. (Watani Steel) Watani Iron Steel Co. said it renewed a Shariah-compliant banking facilities worth SAR 25 million with Alinma Bank. In a statement to Tadawul, the company explained that the financing term runs from Aug....
Naseej Tech inks SAR 4.1M supply contract in Morocco
5+ day, 14+ hour ago (147+ words) Logo of Naseej for Technology Co. (Naseej Tech) announced that its subsidiary signed today, Aug. 18, a contract with Rabat Region Development Co. to supply and install advanced technology solutions and equipment for the management of a public library in Rabat,…...
Saudi non-oil business confidence dips in July
1+ week, 6+ day ago (155+ words) GASTAT defines business confidence index as a measure of optimism about future developments in non-oil sector. Saudi Arabia's non-oil business confidence index (BCI) slipped 0.05% in July 2026 from the previous month, according to data released by the General Authority for Statistics…...
Saudi trade surplus soars 219% in March, hits 42-month high
2+ mon, 4+ week ago (130+ words) ارقام Saudi trade surplus soars 219% in March, hits 42-month high The record increase followed a surge in crude exports and lower imports Saudi Arabia’s trade balance recorded a surplus of SAR 57.4 bil To Access this Content, Please Login Or Register…...
ADES signs SAR 347.6M offshore rig contract in Nigeria - ارقام
3+ mon, 2+ week ago (178+ words) ADES Holding's jack-up rig ADES Holding Co. signed a contract for Shelf Drilling Victory with Nigeria’s Seplat Energy. The company said in a statement on Tadawul that the total value of the firm term only, including mobilization and start-up fees,…...
ADES extends offshore rig contract in Nigeria; adds SAR 178M to backlog - ارقام
4+ mon, 1+ week ago (135+ words) ADES extends offshore rig contract in Nigeria; adds SAR 178M to backlog ارقام ADES extends offshore rig contract in Nigeria; adds SAR 178M to backlog Ades Holding Co. secured a one-year extension for the jack-up offshore rig Shelf Drilling Scepter contract with…...