Saudi-based SAL Logistics Services Company said it has completed the acquisition of 100% stake in leading Belgian ground handling and cargo company Aviapartner Liege, thus marking its first operational presence outside the kingdom and expanding its network to 20 stations.
Saudi Arabia's National Company for Glass Industries (Zoujaj) has announced that it has resumed operations at a production line that was damaged by a fire last year, while raising its estimate of repair costs and business interruption losses.
Saudi Arabia’s real gross domestic product contracted 4.8% year-on-year in the second quarter of 2026, said a report, as a 24.7% decline in oil activity outweighed growth in non-oil activities and government output. Non-oil activity grew 0.6% in the quarter, while government activity rose 0.9%.
Saudi Arabia's Retal Urban Development has announced that its subsidiary Building and Construction Company has secured a key contract from associate Remal Park Fund to carry out design and construction works for the Remal Business Court project in Al Khobar.
Saudi aluminium products maker Talco has extended by six months a non-binding agreement to acquire a 60% stake in Dammam-based Eastern Aluminum Extrusion Factory. This extension will run from August 24 to February 23, 2027, allowing the firm additional time to complete due diligence procedures.
Visa is highlighting the continued growth of Visa Destinations, its global travel inspiration platform that helps travellers discover unique experiences across some of the world's most vibrant destinations, including Dubai, London, Paris, Singapore, Tokyo, New York and Sydney.
Saudi-based Arabian Drilling has announced that it has signed a contract with a new client in the GCC, thus marking its entry into a new Gulf market. The deal follows the early completion of its first international offshore drilling contract and the redeployment of the jack-up rig to another GCC country.
Saudi-based Alkhorayef Water and Power Technologies Company said it has secured a three-year contract from the National Water Company to provide operation and maintenance services for water and wastewater facilities at Al Khobar in the kingdom's Eastern Province.
A consortium of Saudi utility giant Acwa Power and US group Air Products has completed construction work on the $8.5-billion green hydrogen project at Oxagon within Saudi Arabia’s mega futuristic city NEOM, and commercial operations are set to begin next year, said a report.
Saudi-based Tarmeem for Development has signed an agreement with the King Salman Charity Housing Association to manage home renovation and maintenance projects. The agreement covers structural, architectural, and interior revamp in addition to electrical and mechanical works.
