/main-category/mining en /node/2602918/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nirmal-narayanan">Nirmal Narayanan</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sat, 2025-05-31 22:45</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ������Ƶ is steadily progressing in its journey to attract $100 billion in foreign direct investments by the end of this decade, with the Kingdom heavily focusing on securing funds in high-growth sectors, experts have said.</p> <p> ������Ƶ’s Vision 2030 economic diversification program aims to transform its economic landscape, including attracting foreign direct investment and increasing FDI’s contribution to the Kingdom’s gross domestic product.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/05/31/4607474-128461289.jpg" width="1200" height="716" alt="" title="������Ƶ’s regional headquarters program offers incentives and various support services for international businesses opening offices in Riyadh. (SPA)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/mining">Mining</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/foreign-direct-investment">foreign direct investment</a></div><div class="field-item odd"><a href="/tags/saudi-mining">Saudi mining</a></div><div class="field-item even"><a href="/tags/saudi-entertainment">Saudi entertainment</a></div></div></div> Sat, 31 May 2025 19:58:45 +0000 Sajjadkk 2602918 at /node/2600807/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/225841">Reuters</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2025-05-15 10:41</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> LONDON: US rare earths miner MP Materials has signed a memorandum of understanding with ������Ƶ’s flagship mining company Ma’aden to jointly develop a rare earth supply chain in the Middle Eastern country.</p> <p> The agreement was signed on the sidelines of the US-Saudi Investment Forum, where President Donald Trump secured a $600 billion investment from the Kingdom covering the energy, defense and mining sectors.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/05/15/4602022-13955420.png" width="2508" height="954" alt="" title="The agreement was signed on the sidelines of the US-Saudi Investment Forum. Supplied" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/mining">Mining</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/saudi-arabian-mining-co-ma%E2%80%99aden">������Ƶn Mining Co. (Ma’aden)</a></div><div class="field-item odd"><a href="/tags/mp-materials">MP Materials</a></div><div class="field-item even"><a href="/tags/mining">Mining</a></div></div></div> Thu, 15 May 2025 07:51:12 +0000 owen.bennett 2600807 at /node/2599019/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/reem-walid%C2%A0">REEM WALID </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Wed, 2025-04-30 13:48</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ������Ƶ’s minister of industry and mineral resources has urged Kuwaiti investors to seize untapped opportunities in the Kingdom’s mining sector.</p> <p> The encouragement was given during Bandar Alkhorayef’s meeting on April 30 with a group of Kuwaiti businessmen at a gathering organized by the Saudi Embassy as part of the minister’s official visit to the Gulf country. </p> <p> The trip was designed to strengthen economic ties, enhance cooperation in the industrial and mining sectors, and attract high-quality investments to the Kingdom, according to a statement.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/04/30/4597410-720718081.png" width="1164" height="640" alt="" title="Bandar Alkhorayef meeting with Kuwaiti businessmen. X/@mimgov" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/mining">Mining</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/minister-industry-and-mineral-resources-bandar-alkhorayef">Minister of Industry and Mineral Resources Bandar Alkhorayef</a></div><div class="field-item odd"><a href="/tags/kuwait">Kuwait</a></div><div class="field-item even"><a href="/tags/mining">Mining</a></div></div></div> Wed, 30 Apr 2025 11:08:42 +0000 owen.bennett 2599019 at /node/2598283/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nour-el-shaeri-0">Nour El-Shaeri</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2025-04-24 14:54</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ������Ƶ’s mining sector is emerging as a global standout, supported by regulatory reforms, major investment, and a strong pipeline of domestic projects, a new analysis said. </p> <p> In a report titled “������Ƶ Doubles Down on Mining,” S&amp;P Global Ratings said the sector is poised for rapid expansion, with its contribution to gross domestic product expected to surge from $17 billion in 2024 to $75 billion by 2030, under the government’s Vision 2030 strategy. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/04/24/4595510-1650913579.jpg" width="724" height="483" alt="" title="The number of exploitation licenses in ������Ƶ has increased by 138 percent since 2021. Getty" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/mining">Mining</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/mining">Mining</a></div><div class="field-item odd"><a href="/tags/sp-global">S&amp;P Global</a></div></div></div> Thu, 24 Apr 2025 12:04:46 +0000 owen.bennett 2598283 at /node/2597430/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nirmal-narayanan%C2%A0%C2%A0">Nirmal Narayanan  </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2025-04-17 13:26</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ������Ƶ and Indonesia have signed a series of memoranda of understanding aimed at enhancing bilateral trade and expanding cooperation in the mining sector. </p> <p> As part of an official visit to Jakarta, ������Ƶ’s Minister of Industry and Mineral Resources, Bandar Alkhorayef, signed an MoU with Indonesia’s Minister of Energy and Mineral Resources, Bahlil Lahadalia, to promote strategic collaboration and the exchange of expertise in mining and mineral resources. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/04/17/4593057-1561390019.jpg" width="1200" height="536" alt="" title="������Ƶ’s Minister of Industry and Mineral Resources, Bandar Alkhorayef, signed an MoU with Indonesia’s Minister of Energy and Mineral Resources, Bahlil Lahadalia, to promote strategic collaboration and the exchange of expertise in mining and mineral resources. Supplied" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/mining">Mining</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/indonesia">Indonesia</a></div><div class="field-item odd"><a href="/category/tags/saudi">Saudi</a></div><div class="field-item even"><a href="/tags/mining">Mining</a></div></div></div> Thu, 17 Apr 2025 10:33:45 +0000 ameen.syed 2597430 at /node/2596967/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/rbitem-author/mohammed-al-kinani%C2%A0">Mohammed Al-Kinani </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Mon, 2025-04-14 13:43</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> JEDDAH: ������Ƶ and the US are poised to strengthen mining ties following high-level talks in Riyadh, where both sides discussed boosting investment, economic cooperation, and critical mineral supply chains. </p> <p> Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef met with US Secretary of Energy Chris Wright on April 13, as part of the White House official’s ongoing visit to the Kingdom, according to the Saudi Press Agency. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/04/14/4591807-328700543.png" width="1218" height="821" alt="" title="Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef met with US Secretary of Energy Chris Wright. SPA" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/mining">Mining</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/bandar-bin-ibrahim-alkhorayef">Bandar bin Ibrahim Alkhorayef</a></div><div class="field-item odd"><a href="/tags/saudi-mining">Saudi mining</a></div><div class="field-item even"><a href="/tags/us-secretary-energy-chris-wright">US Secretary of Energy Chris Wright</a></div></div></div> Mon, 14 Apr 2025 10:48:52 +0000 owen.bennett 2596967 at /node/2595780/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nour-el-shaeri-0">Nour El-Shaeri</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2025-04-03 13:45</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Saudi exploration service provider ADES Holding Co. has entered the Brazilian market through an $85.1 million charter agreement.</p> <p> The deal, which was made with Luxembourg’s Constellation Oil Services Holding, will use ADES’ jackup rig, Admarine 511, to support a drilling contract with Petrobras, Brazil’s state-owned energy giant.</p> <p> The agreement marks a significant expansion of ADES’ Latin American operations and underscores the company’s strategy of entering new markets through alternative contracting models.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/04/03/4588611-351188009.png" width="699" height="435" alt="" title="The agreement marks a significant expansion of ADES’ Latin American operations. ADES Group" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/mining">Mining</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/ades-holding-co">ADES Holding Co.</a></div><div class="field-item odd"><a href="/tags/petrobras">Petrobras</a></div></div></div> Thu, 03 Apr 2025 11:01:08 +0000 owen.bennett 2595780 at /node/2594779/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nirmal-narayanan%C2%A0">Nirmal Narayanan </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Tue, 2025-03-25 14:30</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ������Ƶ has launched a new incentive package to attract foreign direct investments into the nation’s mining sector as the Kingdom steadily continues its economic diversification efforts. </p> <p> According to a Saudi Press Agency report, the Ministry of Investment is collaborating closely with the Ministry of Industry and Mineral Resources through an exploration enablement program aimed at simplifying investments in the mineral exploration industry. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/03/25/4585976-262766902.jpg" width="1000" height="664" alt="" title="In 2024, ������Ƶ revised upward estimates for its untapped mineral resources to $2.5 trillion from a 2016 forecast of $1.3 trillion. Shutterstock" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/mining">Mining</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/mining">Mining</a></div><div class="field-item odd"><a href="/tags/foreign-direct-investment-fdi">Foreign Direct Investment (FDI)</a></div></div></div> Tue, 25 Mar 2025 11:34:39 +0000 owen.bennett 2594779 at /node/2590849/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/206261">MOHAMMED AL-KINANI</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Wed, 2025-02-19 17:36</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> JEDDAH: ������Ƶ has shortlisted 30 companies for 22 mining licenses to extract sand and gravel in the Eastern Province and Tabuk, advancing its mining sector expansion and economic diversification. </p> <p> The Ministry of Industry and Mineral Resources said the permits cover Northwest Salwa Western Complex, Al-Masna Crushers Complex, and South Wadi Amq Complex. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/02/19/4575491-722909572.jpg" width="1000" height="665" alt="" title="The Kingdom has an estimated $2.5 trillion of mineral wealth. Shutterstock" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/mining">Mining</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/eastern-province">Eastern Province</a></div><div class="field-item odd"><a href="/tags/mining">Mining</a></div></div></div> Wed, 19 Feb 2025 14:46:35 +0000 owen.bennett 2590849 at /node/2589970/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/reem-walid%C2%A0">REEM WALID </a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Wed, 2025-02-12 17:53</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: The ������Ƶn Mining Co., or Ma’aden, will analyze terabytes of data from Aramco’s warehouses as part of its efforts to build two mines, its CEO revealed. </p> <p> In a discussion titled “Ma’aden: ������Ƶ’s Mining Industry Pioneer” on the first day of the Public Investment Fund Private Sector Forum, taking place from Feb. 12-13 in Riyadh, Robert Wilt explained that the company intends to test the core samples using artificial intelligence as part of its 2025 key performance indicators. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/02/12/4573097-949781007.jpeg" width="1408" height="676" alt="" title="Robert Wilt, CEO, Ma’aden. Screenshot" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/mining">Mining</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/pif-private-sector-forum">PIF Private Sector Forum</a></div><div class="field-item odd"><a href="/tags/saudi-arabian-mining-co-ma%E2%80%99aden">������Ƶn Mining Co. (Ma’aden)</a></div></div></div> Wed, 12 Feb 2025 15:02:57 +0000 owen.bennett 2589970 at /node/2588988/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nirmal-narayanan">Nirmal Narayanan</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Tue, 2025-02-04 18:17</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ������Ƶ’s Cabinet has authorized the Ministry of Industry and Mineral Resources to sign a cooperation agreement with the World Economic Forum to secure critical materials for global development.</p> <p> According to the Saudi Press Agency, the Cabinet — chaired by Crown Prince Mohammed bin Salman — gave the green light for the deal among a host of decisions.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/02/04/4570453-1001742895.png" width="940" height="598" alt="" title="The Cabinet was chaired by Crown Prince Mohammed bin Salman. SPA" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/mining">Mining</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/saudi-cabinet">Saudi cabinet</a></div><div class="field-item odd"><a href="/tags/ministry-industry-and-mineral-resources">Ministry of Industry and Mineral Resources</a></div><div class="field-item even"><a href="/tags/world-economic-forum">World Economic Forum</a></div></div></div> Tue, 04 Feb 2025 15:30:26 +0000 owen.bennett 2588988 at /node/2588957/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/reem-walid%C2%A0">REEM WALID </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Tue, 2025-02-04 14:49</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: The ������Ƶn Mining Co., or Ma’aden, intends to issue US dollar-denominated sukuk under its International Trust Certificate Issuance Program, scheduled to launch Feb. 4, a bourse filing revealed.</p> <p> Released on the Saudi Stock Exchange, the statement explained that the offer, which will be utilized for general corporate purposes, comes following approval from the firm’s board of directors on Dec. 18 and shareholders’ approval on Feb. 3.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/02/04/4570358-1695266265.png" width="722" height="457" alt="" title="The issuance of the Shariah-compliant bonds is expected through a special purpose vehicle. File" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/mining">Mining</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/ma%E2%80%99aden">Ma’aden</a></div><div class="field-item odd"><a href="/tags/saudi-arabian-mining-co-ma%E2%80%99aden">������Ƶn Mining Co. (Ma’aden)</a></div><div class="field-item even"><a href="/tags/sukuk">Sukuk</a></div></div></div> Tue, 04 Feb 2025 11:58:22 +0000 owen.bennett 2588957 at /node/2587221/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nadin-hassan%C2%A0">Nadin Hassan </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Tue, 2025-01-21 12:18</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ������Ƶ has chosen six local and international mining companies for its Exploration Enablement Program designed to boost investments and enhance the competitiveness of the sector. </p> <p> Royal Road, Ajlan and Bros Holding, and EV Metals Group were selected for this first phase of qualification, as well as Ma’aden, Gold and Minerals Co., and Al-Masane Al-Kobra Mining Co., also known as AMAK. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/21/4565710-1885283620.jpg" width="1000" height="668" alt="" title="A total of 49 applications were submitted from local and international mining companies, underscoring the growing interest in ������Ƶ’s mining sector. Shutterstock" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/mining">Mining</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/exploration-enablement-program">Exploration Enablement Program</a></div><div class="field-item odd"><a href="/tags/mining">Mining</a></div><div class="field-item even"><a href="/tags/ministry-industry-and-mineral-resources">Ministry of Industry and Mineral Resources</a></div></div></div> Tue, 21 Jan 2025 09:30:04 +0000 owen.bennett 2587221 at /node/2587089/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nadin-hassan%C2%A0">Nadin Hassan </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Mon, 2025-01-20 09:43</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ������Ƶ’s mining industry is set for a major transformation, driven by the rapid adoption of advanced technologies such as cloud computing, according to a senior executive. </p> <p> In an interview with Arab News on the sidelines of the Oracle CloudWorld Tour Riyadh event, Abdullah Al-Osaimi, senior vice president of procurement and business support at Ma’aden, emphasized the critical role of cloud technology in the future of mining operations. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/20/4565376-1289552195.jpg" width="4914" height="2898" alt="" title="For the first time, the annual CloudWorld Tour, typically held in Las Vegas, is being hosted in Riyadh. Supplied" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/mining">Mining</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/maaden-0">ma&#039;aden</a></div><div class="field-item odd"><a href="/tags/mining">Mining</a></div><div class="field-item even"><a href="/tags/cloud-computing">cloud computing</a></div><div class="field-item odd"><a href="/category/tags/technology">technology</a></div></div></div> Mon, 20 Jan 2025 06:52:12 +0000 ameen.syed 2587089 at /node/2586671/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/206261">MOHAMMED AL-KINANI</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2025-01-16 17:06</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> JEDDAH: ������Ƶn Mining Co. has awarded three contracts worth SR3.45 billion ($921.58 million) for its third phosphate fertilizer plant, reinforcing the Kingdom’s position in the global market.</p> <p> In a filing with the Tadawul stock exchange, the national mining firm, also known as Ma’aden, named the contractors as China National Chemical Engineering Co., Sinopec Nanjing Engineering and Construction, and Turkiye-based Tekfen Construction and Installation Co.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/16/4564249-1885509924.jpg" width="1000" height="667" alt="" title="Ma’aden announced significant discoveries of gold and copper in the Arabian Shield region during the Future Minerals Forum 2025 in Riyadh, further advancing its mining ambitions. Shutterstock" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/mining">Mining</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/category/tags/saudi-arabia">������Ƶ</a></div><div class="field-item odd"><a href="/tags/saudi-mining">Saudi mining</a></div><div class="field-item even"><a href="/tags/saudi-arabian-mining-co-ma%E2%80%99aden">������Ƶn Mining Co. (Ma’aden)</a></div><div class="field-item odd"><a href="/tags/ma%E2%80%99aden">Ma’aden</a></div></div></div> Thu, 16 Jan 2025 14:09:03 +0000 sarah.glubb 2586671 at