KSA, South Korea invest SR487m in nuclear projects to diversify energy

JEDDAH: Saudi Arabia and South Korea have jointly invested more than SR487 million ($129.8 million) in developing and designing compact-sized nuclear plants.

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Saudi Arabia, Finland to cooperate in health sector, says Finnish minister

RIYADH: Saudi Arabia and Finland have agreed to boost cooperation in the health sector by enhancing knowledge sharing, capacity building, introducing new health technology and digital services.

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Saudi Arabia, Spain forge closer commercial, cultural ties

RIYADH: Saudi Arabia and Spain have renewed their pledge to boost cooperation in several areas, especially in civil aviation, labor and social development, culture, science and technology, as well as the defense industries.

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Kingdom to cut reliance on foreign workers

RIYADH: Saudi Arabia has announced plans to reduce its reliance on foreign workers by recruiting only highly-technical workers and monitoring investments closely.

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New study links cell phone tower radiation to diabetes

RIYADH: A renowned professor of King Saud University (KSU) here has warned of radiation danger from cell phone towers,

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Shoura to vote on Saudi-Finnish defense pact

RIYADH: Shoura Council will vote to approve a defense pact with Finland here on Monday. The Committee on Security Affairs of the Shoura Council will table the draft pact titled "Memorandum of Understanding between Saudi Ministry of Defense and Finnish Ministry of Defense" to be discussed by the members and then voted on the floor of the house.

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Yamama Cement signs SR4.2bn contract with ThyssenKrupp to build two plants

RIYADH: Saudi Arabia's Yamama Cement Company signed an SR4.2 billion contract with Germany's ThyssenKrupp Industrial Solutions here Tuesday night to build two new cement plants. The production facilities with an overall capacity of 20,000 tons of clinker will be built at a new site around 80 kilometers east of the Saudi capital city of Riyadh.

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KSA-Russia ties poised to scale new heights: SAGIA

RIYADH: Abdullatif Al-Othman, governor of the Saudi Arabian General Investment Authority (SAGIA), will travel to Russia with a huge business delegation Tuesday.

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Arab-South American trade boost to be explored at summit

RIYADH: Arab and South American nations will seek to boost social, political and economic ties at their fourth summit starting Tuesday, said Custodian of the Two Holy Mosques King Salman on Monday.

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Detecon sets high standards amid drive to boost capacity

RIYADH: Moving ahead with the process to complete a major upgrade to the data-center infrastructure, Detecon Al-Saudia is working closely to further increase its capacity while maintaining the high quality standards of the services provided in the Kingdom.

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Excellence: More than 50 years of ThyssenKrupp’s success story

RIYADH: ThyssenKrupp Saudi Arabia Contracting Ltd. ranks today as one of the best global companies offering a range of industrial solutions, products and world-class technology.

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Boeing sets up local support center with two Saudi firms

RIYADH: Boeing, a US multinational giant that manufactures and sells airplanes, rotorcraft and satellites, has signed an agreement with Saudia Aerospace Engineering Industries (SAEI) and Alsalam Aircraft Company to establish the Saudi Rotorcraft Support Center in Saudi Arabia. The deal, announced here Thursday, will boost capabilities of the Kingdom in commercial and defense aviation sectors.

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Yuksel wins Riyadh’s SR2.29bn rapid bus transit system deal

RIYADH: Turkish construction giant Yuksel Insaat has won a SR2.29 billion ‘Riyadh Rapid Bus Transit System’ (BRT) project, which is part of the impressive King Abdulaziz Transport System plan.

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Maaden puts Saudi mining sector on the global map

RIYADH: Mining giant Saudi Arabian Mining Company (Maaden) has been rated as one of the best world-class companies on various operational, projects, training and skill development and financial parameters with its asset base recording 14-fold increase; now exceeding $22.5 billion in total.

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Riyadh-Wellington trade, security ties see new zeal

Comprehensive talks focusing on bilateral ties with special reference to the GCC-New Zealand free trade agreement and regional conflicts such as in Yemen took place during a meeting between Custodian of the Two Holy Mosques King Salman and New Zealand Prime Minister John Key on Tuesday.

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Outgoing envoy lauds Saudi-India ties

Crown Prince Muqrin, deputy premier, bade farewell to the outgoing Indian Ambassador Hamid Ali Rao on Monday, affirming the keen desire of the Kingdom and India to further accelerate cooperation in the fields of politics, trade, economy and culture.

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Bank AlJazira to open 60 world-class ‘Fawri’ money transfer centers

Fawri, a popular remittance wing of the leading bank of Saudi Arabia, Bank AlJazira (BAJ), has announced plans to open 60 model money transfer centers within next three years in an effort to maximize its reach among customers and to add new services to its portfolio.

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Saudi-India ties flourishing on strong footing

Trade, manpower and political interaction have been the dominant factors in India’s relationship with Saudi Arabia, with the import of oil being a major component.

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Danube plans SR300 million investment in Saudi operations

anube, a regional leader in construction, building materials and shop fitting industries, has announced plans to invest SR300 million into its Saudi operations in the coming years.

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ThyssenKrupp upbeat on Mideast business climate Previous

RIYADH: German giant ThyssenKrupp has announced plans to expand its operations in the Middle East, which will create thousands of new jobs for Saudis and Gulf nationals.

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Ghazanfar Ali Khan