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Investment

Prime Minister Drew Commends Saudi Arabia’s Commitment to Regional Economic Development

InvestmentFebruary 26, 202542Views 0Likes 0Comments

Prime Minister Drew Commends Saudi Arabia’s Commitment to Regional Economic Development Basseterre, St. Kitts – February 20, 2025 – During a high-level discussion at the Forty-Eighth Regular Meeting of the Conference of Heads of Government of CARICOM in Barbados, Prime Minister Hon. Dr. Terrance Drew extended heartfelt gratitude to His Excellency Adel bin Ahmed Al-Jubeir,…

Nigeria Explores Strategic Economic Collaboration with Saudi Fund for Development

Business, InvestmentFebruary 23, 202551Views 0Likes 0Comments

Abuja, Nigeria – In a significant move to strengthen Nigeria’s economic and infrastructure development, Dr. Jumoke Oduwole, Honorable Minister of Industry, Trade, and Investment, participated in a high-level meeting led by the Coordinating Minister of the Economy with the Saudi Fund for Development (SFD). The discussions, held with SFD Managing Director Sultan Abdulrahman Al-Marshad,…

ADES Gets Its First Jack-Up Contract Offshore Nigeria

Business, InvestmentFebruary 23, 202544Views 0Likes 0Comments

Saudi oil and gas drilling contractor ADES Holding has secured a $21.8 million drilling contract with Brittania-U for its Admarine 504 jack-up drilling rig, marking its first entry to the Nigerian offshore oil and gas sector. ADES and Admarine 504’s current client in Saudi Arabia have mutually agreed to suspend the rig’s operation in the country,…

Saudi Arabia Introduces New Riyal Symbol to Strengthen Identity and Economy

Business, Finance, InvestmentFebruary 23, 202544Views 0Likes 0Comments

Riyadh, Saudi Arabia – In a landmark move to enhance the global identity of its currency, the Saudi Central Bank has unveiled a new symbol for the Saudi Riyal (ر.س), following approval from King Salman bin Abdulaziz Al Saud. Inspired by traditional Arabic calligraphy, the new design reflects the nation's cultural heritage while aligning the…

Algeria Signs Partnership Contracts with Saudi Arabia, Mauritania

Business, Finance, InvestmentFebruary 20, 202543Views 0Likes 0Comments

ALGIERS – Various cooperation and partnership contracts were signed on Tuesday, in Algiers, by the Algerian economic operators and their counterparts from Saudi Arabia and Mauritania, so as to export Algerian products to the two countries. The signing ceremony took place at the National Agency for the Promotion of Foreign Trade (Algex), under the supervision of…

Dangote Refinery exports two cargoes of jet fuels to Saudi Arabia

Business, Finance, InvestmentFebruary 20, 202541Views 0Likes 0Comments

The Dangote Petroleum Refinery has recently exported two jet fuel cargoes to Saudi Aramco, the national oil company of Saudi Arabia and the world’s largest oil producer. President of Dangote Group, Aliko Dangote, revealed this on Tuesday during a visit by the Nigerian Economic Summit Group (NESG) team to both Dangote Fertiliser Limited and the Dangote…