Saudi Madid vies to acquire Lukoil assets

Three informed sources revealed that Saudi energy company Madid is a top contender for Lukoil's international assets, leveraging strong ties with Moscow and Washington.

Three informed sources said that the Saudi energy company Madid has become one of the main contenders to buy the international assets of the Russian oil giant Lukoil, benefiting from its strong political relations with Moscow and Washington.

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2026-01-25T10:18:12+00:00

Saudi Arabia Opens Property Ownership to Non-Saudis

Saudi Arabia introduces a new law allowing non-residents and foreign companies to own property, effective Jan. 22, aiming to boost economic growth and attract real estate investments.

Economy Politics Country

2026-01-20T02:40:06+00:00

Saudi Arabia's Ministry of Finance Receives International Certification

Saudi Arabia's Ministry of Finance earns a 'Pioneer' gold certification from TIBAI for future readiness and organizational agility, confirming its high efficiency and ability to manage transformations.

Politics Economy Country

2026-01-16T04:11:20+00:00

European Wheat Futures Rise on Saudi Tender

Wheat futures on the European Euronext exchange rose on Thursday, supported by the euro's decline and news of a large tender by Saudi Arabia.

Economy Events Country

2026-01-15T07:14:25+00:00

Saudi Arabia and Northern Graphite Sign Battery Anode Materials Agreement

Northern Graphite signed a preliminary agreement with Saudi group Al-Obeikan to develop and operate a large-scale battery anode materials facility in the Kingdom.

Economy Country