Search Site

Trends banner

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Saudi Arabia signs MoUs with four countries for development in mining industry

The Crown Prince has directed the implementation of the project to strengthen historic Jeddah buildings.
  • The roundtable highlighted the need for governments and industry to achieve economic and social development for local communities.
  • A total of 79 governments, 13 international organizations, 15 NGOs and seven business associations took part in the roundtable.

RIYADH, SAUDI ARABIA – The Ministry of Industry and Mineral Resources has signed four Memorandums of Understanding (MoUs) with the Democratic Republic of Congo (DRC), Egypt, Morocco, and Russia.

One of the aims of these MoUs is to foster international cooperation in minerals between Saudi Arabia and these countries.

According to the ministry, the agreements signed included MoUs for cooperation in mineral resources with the Ministry of Petroleum and Mineral Resources of Egypt, the Ministry of Energy Transition and Sustainable Development of the Kingdom of Morocco, and the Ministry of Mines of the DRC.

They also included an MoU for cooperation in the field of geology and mineral resources with the Ministry of Natural Resources and Environment of the Russian Federation.

This year, the Ministerial Roundtable has attracted the participation of 79 governments, 13 international organizations, 15 non-governmental organizations and seven business associations.

Hosted by Saudi Arabia, the roundtable and third edition of the Future Minerals Forum (FMF), which is held on January 10-11 in Riyadh aim to boost international collaboration to address the production of strategic minerals involved in the energy transition.

Recognizing the untapped mineral potential of the vast region spanning Africa, Western and Central Asia, the ministry stated that the FMF platform aims to lay the foundations for sustainable development throughout the mineral industry in the world and the region.

It also said that Thursday’s roundtable highlighted the need for stakeholders across government, industry and the private sector to strengthen efforts to build capacity and collaborate on initiatives in the minerals sector that achieve economic and social development for local communities.