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12.02.26 - 10:01
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Saudi oil giant gives $280 billion boost to GDP, creates 200,000 jobs (Times of India)
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Saudi Aramco has reached a significant milestone, achieving 70% local content in its supply chain. This achievement strengthens Saudi Arabia's industrial base and diversifies its economy beyond oil. The program has created over 200,000 jobs and attracted substantial foreign investment. Aramco aims to increase local content to 75% by 2030, further enhancing national capabilities and economic resilience....
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12.02.26 - 09:42
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GFH CEO: Aim to List Healian in Saudi Over 12-18 months (Bloomberg)
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GFH Financial Group has reported full year gross profit of just over $719 million, which is a jump of 8.1% y/y. The Bahrain-based investment firm has also seen a jump in net profit attributable to shareholders of more than 18%. Hisham Alrayes, Group CEO of GFH Financial Group spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche about their digitization plans and listing of their healthcare arm Healian. (Source: Bloomberg)...
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11.02.26 - 08:24
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Family of worker killed on Saudi World Cup site still waiting for compensation a year on (The Guardian)
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Lengthy delays in compensation are 'emblematic' of what many relatives of migrant workers go through in the Gulf kingdom, say rights groupsWhen Mohammad Arshad fell to his death while constructing the first new stadium for the 2034 World Cup in Saudi Arabia, one of the main stadium contractors, the Belgian construction multinational Besix, promised it would take immediate steps to ensure all end-of-service and insurance payments were, “handled in a timely and respectful manner”.Almost a year later, Arshad's family say they have yet to receive either. Continue reading......
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