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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Apple to open outlet in Riyadh

Customers shop at The Apple Store at the Towson Town Center mall, Maryland. (AFP)
By TRENDS Desk
August 9, 2022 10:19 am
  • The Saudi investment minister Khalid Al-Falih told media that said several international companies, including Google, Alibaba, Microsoft and IBM, intend to invest in the kingdom
  • The minister said that investments will be coupled with the development of human resources through partnership of these companies with academies, universities and training centers

Apple will open a center for the sale of its products and spare parts in the logistics zone at King Khalid International Airport in Riyadh.

Speaking to the media, the Saudi investment minister Khalid Al-Falih said several international companies, including Google, Alibaba, Microsoft and IBM, have invested or intend to invest in the Kingdom.

These investments will be coupled with the development of human resources through partnership of these companies with academies, universities and training centers, he added.

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