International Agreements

(Photo Credit: Company website)
22 May 03:06 PM Boeing, KSA ink several defence, commercial deals
Riyadh – Mubasher: Boeing signed several defence and commercial agreements with Saudi Arabia to create thousands of jobs in both the US and KSA, and to enhance national security in the region. The deals included an agreement between Boeing and …
Photo Credit: Company Website
21 May 06:50 PM Batelco partners with Amazon Web Services
Mubasher: Bahrain Telecommunications (Batelco) announced that it has partnered with Amazon Web Services (AWS), according to a press release. The partnership allow Batelco to deliver Amazon products and services in Bahrain to meet local deman, …
(Photo Credit: Arabianeye-Reuters)
21 May 03:22 PM Blackstone, KSA plan to invest $40bn in infrastructure
Riyadh – Mubasher: US private equity firm Blackstone and Saudi Arabia's main sovereign wealth fund are planning to create a $40 billion mechanism for the investment in the infrastructure projects, Reuters reported on Saturday. The two parties …
Saudi Aramco CEO, Amin Nasser - (Photo Credit: Arabianeye-Reuters)
20 May 08:15 PM Aramco, Jacobs to create JV for social infrastructure management
Riyadh - Mubasher: Saudi Aramco has entered into an agreement with Jacobs Engineering Group to form a Saudi Arabia-based joint venture (JV) company to provide professional program and construction management (PMCM) services for social …
Photo Credit: Arabianeye-Reuters
20 May 08:04 PM Orbcomm, Machinestalk to deliver IoT solutions in KSA, GCC
Riyadh - Mubasher: Orbcomm, a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced on Saturday that it has signed a strategic distribution agreement with machinestalk, a global IoT solutions provider based …
Photo Credit: Ministry Website
20 May 07:58 PM KSA-USA bilateral trade reached SAR2tr in 10 years
Riyadh - Mubasher: The Saudi Ministry of Commerce and Investment (MCI) said that trade exchange between Saudi Arabia and the United States has exceeded SAR 10 trillion ($533 billion) during the last decade. The ministry said in a statement on …
Photo Credit: Arabianeye-Reuters
20 May 06:01 PM KSA, USA sign $280bn deals during Trump’s visit to Riyadh
Riyadh - Mubasher: The summit between King Salman of Saudi Arabia and the President of the United States Donald Trump saw the signing of a strategic partnership, as well as $280 billion (SAR 1.05 trillion) worth of business agreements. King Salman …
Photo Credit: Press Release
20 May 05:21 PM Egypt-Abu Dhabi bilateral trade reach AED1.5bn in 2016
Abu Dhabi - Mubasher: The Abu Dhabi Department of Economic Development (ADDED) said that trade exchange between Abu Dhabi and Egypt amounted to AED 1.47 billion (EGP 7.25) last year, according to a press release. The bilateral trade was …
Photo Credit: Arabianeye-Reuters
20 May 04:08 PM KSA, General Electric ink $15bn deals
Riyadh - Mubasher: General Electtic (GE) announced on Saturday that it has signed major business deals and memorandums of understanding (MoU) with Saudi Arabia worth $15 billion (SAR 56.25 billion), according to a statement. The agreements include …
Saudi Aramco CEO, Amin Nasser - (Photo Archive)
20 May 10:08 AM Aramco to sign $50bn deals with US firms - CEO
Riyadh - Mubasher: The CEO of Saudi Aramco Amin Nasser said on Saturday that his company is expecting to sign $50 billion worth of deals with American companies to diversify the kingdom’s energy resources, according to Reuters. Amin Nasser added …
Photo Credit: Press Release
20 May 09:47 AM Egypt, ICD ink MoU to support investments
Riyadh - Mubasher: The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IDB), has signed a memorandum of understanding with the Egyptian Ministry of Investment and International …
Photo Credit: Arabianeye-Reuters
18 May 02:21 PM Egypt inks MoU with Islamic Development Bank
Cairo – Mubasher: The Egyptian Investment and International Cooperation Ministry has signed a memorandum of understanding (MoU) with the Islamic Corporation for the Development of the Private Sector (ICD), which is affiliated with the Islamic …
Signing the agreement - (Photo Credit: Press Release)
18 May 12:11 AM Egypt, KFAED ink KWD12.5m finance deal
Cairo - Mubasher: The Egyptian ministry of investment and international cooperation signed a financing agreement with Nawaf Al-Mehmel, Kuwait's representative and legal advisor of the Kuwait Fund for Arab Economic Development (KFAED). The KWD 12.5 …
Photo Credit: Arabianeye-Reuters
17 May 07:23 PM EDB Bahrain targets 60 new companies in 2017
Mubasher: The chief executive of the Bahraini Economic Development Board (EDB Bahrain) said that the board aims at attracting 60 companies to the kingdom this year, as part of its annual plan for 2017, Bahrain News Agency (BNA) reported. Khaled Al …
(Photo Credit: Arabianeye-Reuters)
17 May 01:55 PM Turkish TAV seeks financing to develop 3 KSA airports – Agency
Riyadh – Mubasher: Turkish TAV Airports Holding is in talks with banks to get $250 million to develop three airports in Saudi Arabia, Reuters quoted the airport operation’s president Mustafa Şener on Tuesday as saying. TAV was chosen in …
(Photo Credit: Arabianeye-Reuters)
17 May 01:45 PM Aramco, Norinco ink deal to set up refinery in China
Riyadh – Mubasher: Chinese defense conglomerate China North Industries Group Corp (Norinco) has signed a framework agreement with Saudi Aramco to build a refinery and chemicals complex in northeast China, Reuters reported on Tuesday. The planned …
KSA King Salman, Qatari Emir (Photo Credit: SPA website)
3 May 11:28 AM KSA, Qatar ink MoUs on air transport, education
Riyadh – Mubasher: Saudi Arabia signed a memorandum of understanding (MoU) with Qatar on air transport services. Moreover, an educational MoU was inked between the Saudi Ministry of Education and Qatar’s Ministry of Education and Higher Education, …
The UAE minister of Energy, Suhail Al Mazrouei - (Photo Archive)
2 May 05:04 PM Extending the OPEC deal is needed - Minister
By: Amr Adel Abu Dhabi - Mubasher: The Emirati minister of Energy, Suhail Faraj Al Mazrouei, said on Tuesday that global markets are in need to extend the Organization of the Petroleum Exporting Countries (OPEC) output deal. On the sidelines of …
The emirate’s non-oil trade with Latin America reached AED 1.276 trillion in 2016. (Photo Credit: Press Release)
2 May 12:55 PM Dubai non-oil trade with Latin America likely to rise 6%
Dubai – Mubasher: Dubai’s non-oil trade with Latin America will grow 6% within three years, according to Hamad Buamim, president and CEO of Dubai Chamber. Non-oil trade between both countries represents 3% of Dubai’s total annual trade, he added. …
Photo Credit: Arabianeye-Reuters
1 May 12:55 PM Egypt to receive Iraqi oil shipment mid-May
Cairo - Mubasher: Egypt will receive the first shipment of Iraqi oil on 12 May, according to the Egyptian minister of petroleum and mineral resources. The shipment will be sent from the Port of Basra with 2 million barrels of crude oil, minister …
Photo Credit: Press Release
29 April 06:36 PM Dafza, Arab Union for E-Commerce ink MoU
Dubai - Mubasher: Dubai Airport Free Zone Authority (Dafza) announced that it has signed a Memorandum of Understanding (MoU) with the Arab Union for Electronic Commerce, according to a press release. The agreement aims at exchanging knowledge and …
Photo Credit: Press Release
29 April 12:02 PM Paraguay to open commercial office in Dubai
Dubai - Mubasher: Paraguay has recently announced plans to open its first commercial representative office in the UAE later this year, according to a statement by Dubai Chamber of Commerce and Industry. The office will be in Dubai, and will aim at …
(Photo credit: Arabianeye - Reuters)
28 April 11:34 PM Oil rebalance going slow, steady - Barkindo
Mubasher: OPEC Secretary-General said that oil market rebalancing was never going to occur in "a linear fashion," according to a statement published on the organisation's website. "Slowly, steadily, but surely we are seeing light at the end of the …
Photo Credit: Arabianeye-Reuters
25 April 10:57 AM CDB offers financing facilities to Egyptian oil projects
Cairo - Mubasher: The Egyptian minister of petroleum Tarek El-Molla has discussed with the China Development Bank (CDB) the opportunities for cooperation and partnerships in new projects, the ministry said in a statement on Tuesday. The Chinese …
Photo Credit: Arabianeye-Reuters
24 April 11:58 AM EGP250m Emirati investments in Toshka’s infrastructure
Cairo - Mubasher: Kader factory for Developed Industries is establishing projects to provide water and electricity for 30,000 feddans in Toshka, with Emirati investments nearing EGP 250 million, said the factory’s chairman, Abdul Sadek Ahmed. The …