Aerial view of brine ponds and processing areas of the lithium mine of the Chilean company SQM (Sociedad Quimica Minera) in the Atacama Desert, Calama, Chile, on Sept. 12, 2022. Martin Bernetti | Afp | Getty Images RIYADH, Saudi Arabia – The energy minister of Saudi Arabia – the Gulf kingdom whose wealth and power…
Saudi Energy Minister Abdulaziz bin Salman speaks during the annual Future Investment Initiative (FII) conference in Riyadh on October 29, 2024. Fayez Nureldine | Afp | Getty Images RIYADH, Saudi Arabia — Saudi Arabia is pushing ahead to put itself on the global critical minerals map, announcing a number of deals, investment plans and discoveries…
Saudi Crown Prince Mohammed bin Salman has condemned Israel’s actions in Gaza as “genocide” in some of the harshest public criticism of the country by a Saudi official since the start of the war. Speaking at a summit of Muslim and Arab leaders the prince also criticised Israeli attacks on Lebanon and Iran, and –…
Silicon Valley venture capital firm General Catalyst has made its first investment in Saudi Arabia through fintech startup Lean Technologies, which just closed a Series B round worth $67.5 million. General Catalyst has $30 billion in assets under management and has backed major U.S. tech companies like Snap, Stripe and AirBnb. Lean Technologies’ fundraising round also…
Saudi Aramco’s Ras Tanura oil refinery and oil terminal Ahmed Jadallah | Reuters Saudi state oil giant Aramco reported a 15.4% drop in net profit in the third-quarter on the back of “lower crude oil prices and weakening refining margins,” but maintained a 31.05 billion dividend. The company reported net income of $27.56 billion in…
AFP | | Posted by Akanksha Agnihotri Oct 28, 2024 05:46 PM IST NEOM unveils Sindalah island, featuring luxury amenities, as part of a vision for tourism and development despite challenges ahead. Saudi Arabia’s planned futuristic mega-city known as NEOM announced on Sunday the opening of its “first physical showcase”: a luxury Red Sea island…
