Saudis trumpet $56 billion deals as conference ends amid partial boycott
Saudi Arabia said it signed $56 billion of deals at an investment conference this week and expected the United States to remain a key business partner despite a partial boycott of the event over the killing of Saudi journalist Jamal Khashoggi.
Saudi Arabia still moving ahead with three major development projects
Saudi Arabia is still moving ahead with three major development projects, NEOM, the Red Sea tourism project, and an entertainment development that will include a Six Flags theme park.
Saudi announces $4.4 billion of construction and housing deals
Saudi Arabia’s government has signed deals worth $4.4 billion to develop its housing and construction sectors, the state investment promotion agency said on Thursday.
Saudi Energy Minister expects SABIC’s stake purchase to be finalized in first-half of 2019: al-Ekhbariya TV
Saudi Energy Minister Khalid Al-Falih said on Thursday he expected the details of the Saudi Basic Industries Corp (SABIC) deal to be finalised within the first half of 2019, Saudi state TV al-Ekhbariya quoted him as saying.
Saudi says companies ‘apologized’ for missing investment conference
Energy Minister Khalid Al-Falih said on Thursday that companies that pulled out of the Future Investment Initiative conference in Riyadh had apologized for missing the event.
WPP shares plunge as ad group falls behind in post-Sorrell era
WPP lost a fifth of its market value on Thursday after problems at its New York and London creative agencies forced it to cut sales and profit forecasts, showing the scale of the task facing its new boss after the acrimonious exit of founder Martin So…
ScS Group abandons tie-up with UK’s House of Fraser after Ashley buyout
ScS Group said on Thursday it would stop selling its sofas and carpets at House of Fraser stores from January, saying the partnership had ceased to be beneficial since billionaire Mike Ashley bought the collapsed department store group.
China says ‘hard to understand’ U.S. skipping import fair
China finds it “hard to understand” why the United States is not sending senior government officials to a major import expo in Shanghai next month, the foreign ministry said on Thursday.
Europe attempts comeback after world stocks routed again
Europe attempted a rebound on Thursday, after Wall Street’s worst day since 2011 and heavy losses in Asia put global stocks on course for their worst month since the financial crisis.
U.S to stay ‘key part’ of Saudi economy despite forum boycott: energy minister
The United States will remain “a key part” of the Saudi economy despite a boycott of the Future Investment Initiative conference, Saudi Energy Minister Khalid al Falih told Elekhbariya state-TV on Thursday.
