Arabia

The Minister of Petroleum denies the Council of Ministers’ approval to sell a 15% stake in Rico Deck Company to Saudi Arabia – Trendy Blogger

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The Minister of Petroleum denies the Council of Ministers’ approval to sell a 15% stake in Rico Deck Company to Saudi Arabia – Trendy Blogger

Petroleum Minister Mosaddeq Malik said discussions with Saudi Arabia regarding the sale of shares in the Reko Diq mine are progressing positively, with the deal expected to be completed soon. Speaking about reports about the federal cabinet approving the sale of a 15% stake, Malik denied the allegations and termed them untrue. He added: “The … Read more

The Cabinet approves the sale of a 15% stake in Reco Deck Company to Saudi Arabia – Trendy Blogger

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The Cabinet approves the sale of a 15% stake in Reco Deck Company to Saudi Arabia – Trendy Blogger

ISLAMABAD: The Federal Cabinet has approved the sale of a 15% stake in the Reko Diq project to Saudi Arabia for $540 million under the Intergovernmental Commercial Transactions Act. According to industry sources, the Federal Cabinet has now allowed the Saudi government to acquire the shares through a direct deal, and the move is seen … Read more

Inflation in Saudi Arabia reaches 2% in November – Trendy Blogger

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Inflation in Saudi Arabia reaches 2% in November – Trendy Blogger

Riyadh: Saudi Arabia’s annual inflation rate continued to slowly accelerate, reaching 2% in November compared to 1.9% in October, according to government data released on Sunday, again driven by rising housing rents. The General Authority for Statistics said that housing rents rose by 10.8% during the month of November, with apartment rental prices rising by … Read more

Afghan director Roya Sadat denounces the ban on her entry into Saudi Arabia trendy blogger

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Afghan director Roya Sadat denounces the ban on her entry into Saudi Arabia trendy blogger

Prominent Afghan director Roya Sadat, whose latest film “Sima Song” is participating in the Red Sea Film Festival in Saudi Arabia, denounced being denied entry to the Kingdom to screen the film, despite obtaining a Saudi visa. Sadat in an email to diverse, She said that she was scheduled to travel to Jeddah, the Saudi … Read more

Saudi Arabia is looking to make a strategic move towards the cricket economy by hosting the IPL auction – Trendy Blogger

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Saudi Arabia is looking to make a strategic move towards the cricket economy by hosting the IPL auction – Trendy Blogger

Saudi Arabia is hosting the 2024 Indian Premier League (IPL) players’ auction in Jeddah, marking the kingdom’s first major foray into cricket. The two-day event is expected to see franchise teams spend upwards of Rs 600 crore ($71 million), adding to the Indian Premier League’s reputation as one of the most lucrative shows in sports. … Read more