Despite all challenges such as oil price volatility, the uncertainty caused due to the ongoing Russia-Ukraine crisis and the economic slowdown as a result of the pandemic, Saudi Aramco remains in the top energy league performers. The oil giant’s performance is evident from its 2021 financial results. Aramco’s low-cost base and flexible operational structure allowed the company
The Russian invasion of Ukraine has changed the calculus not only of nuclear superpower politics but future economic and financial relations for years to come in ways that few can predict. The news of US and European financial sanctions and freezing of central bank assets and the use of the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, payment system
The inaugural Saudi edition of the World Defense Show will be an opportunity for the Kingdom to showcase vast opportunities for both the Kingdom and its foreign suppliers. The show will undoubtedly witness major announcements aiming at both Saudi defense industry localization and the much-coveted technology transfer. Saudi Arabia’s military expenditure makes it an attractive
The news that US electric vehicle startup company Lucid signed a deal for the construction of a plant in Saudi Arabia to produce 150,000 electric vehicles a year has been welcomed across the Kingdom. Saudi Arabia’s Public Investment Fund is a major Lucid stakeholder, valued at around $38.6 billion in December 2021, up from $25.8 billion in September 2021. The Saudi
A recent report about a job advert to recruit 30 female train drivers attracting 28,000 applicants in Saudi Arabia made global headlines for many reasons. Some commented that such an enthusiastic response to the advertised jobs could only have occurred due to the ongoing measures the Kingdom is taking to empower women in all spheres of life. It would be instructive to note