Saudi Aramco Acquires 40% Stake in Gas & Oil Pakistan Ltd (GO) in Global Expansion
Saudi Aramco has signed an agreement to acquire a 40% stake in one of Pakistan’s largest Oil and Gas companies.
December 18, 2023
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Saudi Aramco has signed an agreement to acquire a 40% stake in one of Pakistan’s largest Oil and Gas companies.
Northern Trust Corp, a global financial powerhouse with a staggering $1.3 trillion worth of assets under management, has established its Middle East headquarters in Riyadh, Saudi Arabia.
The King Abdullah Financial District KAFD has awarded the Abu Dhabi-based construction company, Taj Dhabi, part of the Trojan Construction Group the contract for 2 new projects in the financial district which include the construction of multiple office towers, plazas, and parks.
The well known Saudi Arabian Speciality Coffee Shop Barn’s is planning to launch an IPO next year with the aim of reaching 1,000 stores globally and expanding into new markets including the UK and USA. The IPO would provide an opportunity for loyal customers of Barn’s to become investors in the company.
Flynas has launched a new hub in The Holy City of Al Madinah at Prince Mohammed Bin Abdulaziz International Airport, introducing six new routes. The 2 new domestic routes include Abha and Tabuk, and 4 international routes include Dubai, Amman, Istanbul, and Ankara.
Flynas and Eve Air Mobility have partnered to bring electric vertical take-off and landing flights known as eVTOL to Riyadh and Jeddah by 2026.
The international Real Estate Consultancy Firm JLL has established its regional headquarters in Riyadh’s King Abdullah Financial District. JLL aims to elevate the standards of real estate in the kingdom, focusing on technology and sustainability.
The Saudi Central Bank (SAMA) and the People’s Bank of China have signed a 3 Year year currency swap agreement worth $6.9 Billion to promote financial cooperation and trade. This agreement aims to enhance financial relations between the two countries and promote the use of local currencies.
Saudi Arabia’s Aramco has discovered two new natural gas fields in the Empty Quarter.
The first discovery was at the Hanifa reservoir where gas was found to flow at 30 million standard cubic feet per day. This discovery is likely to boost the country’s efforts to increase gas production significantly by 2030
Saudi Speciality Cafe SHOTTED is bringing Saudi Coffee Culture to Washington DC. The Saudi-based Coffee shop offers a taste of authentic Saudi Coffee and culture to US customers.
They have also collaborated with Princess Reema bint Bandar, the Saudi ambassador to the US to cater for events at the Saudi Embassy.
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