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  • Saudi envoy to U.S. talks business, government, religion on Utah trip

    Princess Reema bint Bandar Al Saud wants to build “strategic alliances” with the state in areas such as renewable energy, technology and education as Saudi Arabia looks to become less dependent on a single resource. “I think the narrative of Utah is inspiring to us. We see a great synergy,” she said.

  • Saudis Renew Push for Output Cuts as Coronavirus Weakens Oil Business

    Saudi Arabia is trying to persuade Russia to join oil producers in an emergency crude-production cut, as the industry grapples with oversupply and operational slowdowns resulting from the spread of the coronavirus. Representatives from the Organization of the Petroleum Exporting Countries’ member nations are set to meet this week in Vienna with 10 allied countries led by Russia. Officials from Saudi Arabia, OPEC’s de facto leader, said they would attend a technical meeting with Russia and others Tuesday, at which they hope to get Moscow to agree on deeper output

  • UAE, Saudi partner to empower businesses in cross-border trade

    The key highlights of the alliance between the two institutions include sharing of work streams that include insurance, reinsurance and collections cooperation; Commercial information and credit opinion sharing; cooperation in technical training programs; Trade promotions; SME programs, among others.

  • Gulf Business: Top 5 most powerful Arabs in Saudi Arabia

    Saudi nationals once again rank as the second largest group in Gulf Business‘ annual Arab Power list for 2020, with the number of entries tallying 23 this year.

  • Edelman strikes $6 million deal with Saudis to promote G-20 business summit

    The contract, which runs from February until January 2021, notably calls on Edelman to help with media relations and event planning around the Business 20 (B20) dialogue forum with the international business community. The agreement is for $5.6 million, plus $1 million in estimated expenses — making it the most lucrative Middle East lobbying and public relations contract in more than a year.

  • CEO Survey
    Saudi CEOs are worried about global economy, but confident about local businesses

    The study, however, found that the percentage of CEOs who are positive about the growth prospects of their own companies went up from 92 percent in 2018 to 98 percent in 2019, while the number of business leaders who are optimistic about their country’s outlook went up from 66 percent to 72 percent.

  • Dates
    Saudi Arabia’s Bateel Markets Builds Business for Premium Dates

    The company is part of a growing business in Saudi Arabia, the world’s second-largest producer of dates.  Exports from the Middle Eastern country rose 27% in the first half of 2019, compared to the same period in 2018, for revenue exceeding  $202 million.

  • Power Businesswomen
    Power Businesswomen in The Middle East 2020

    In the 2020 list, there are 22 new entries and 23 nationalities represented across 28 sectors. Emiratis are the most prevalent nationality with 23 entries. There are also nine Egyptians, eight Lebanese and eight Omani women. British women have the highest representation among non-Arabs, with seven entries. The top 10 is dominated by Saudis, with three of the country’s biggest names in the top five: Samba Financial Group’s Rania Nashar, Tadawul’s Sarah Al Suhaimi and Saudi British Bank’s Lubna Olayan.

  • Power Businesswomen
    Six Saudi women feature in the 2020 Power Businesswomen in ME list

    On the cusp of International Women’s Day next month, Forbes Middle East has unveiled its annual Power Businesswomen in the Middle East list, packed with 100 exceptional businesswomen at the head of many of the most influential and transformational companies in the region. Most of the people on this list have been working their way up a steep career ladder for decades to reach the top of their professions. And let’s not forget how much the world has moved on in those decades. If there were glass ceilings to be smashed, these are the titans that first smashed them.

  • Investment
    Largest French business team visits Saudi Arabia

    The largest French business delegation to tour a country is visiting Riyadh in a two-day trip to meet Saudi ministers. The delegation is composed of 100 representatives from 80 French companies.