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- Gulf Bank hosts tufting, embroidery workshop for red cardholders
- Bahrain All Share Index marks 1,946.89 points
- Bahrain sees robust pipeline of financial institutions: 16 new financial institutions licensed, 52 in progress
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- MPHC restructures partnership for salt production facility in Qatar
- Dubai school operator Taaleem moves closer to Dh1 billion in 2024-25 revenue
- Saudi Arabia Pledges $25 Bln Investment to Support Africa
- Gamezop to set up regional headquarters in Bahrain
16/05/2025 03:06 AST
US rare earths miner MP Materials has signed a memorandum of understanding with Saudi Arabia's flagship mining company Ma'aden to jointly develop a rare earth supply chain in the Middle Eastern country.
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.
Saudi Arabia has been pushing to become a global critical minerals hub at a time when minerals processing is fast becoming a necessity for tech-focused economies looking to produce their own building blocks for AI, electric vehicles and other sectors.
Last month, Reuters reported Ma'aden was weighing a rare-earths partnership with at least one of four foreign firms, including MP Materials, China's Shenghe Resources, Australia's Lynas Rare Earths or Canada's Neo Performance Materials.
The partnership between MP Materials and Ma'aden would include mining, separation, refining and magnet production of rare earth minerals.
"Today's announcement is an important first step toward rebalancing the global supply chain ... especially in robotics and physical AI - while deepening the strategic alliance between the United States and Saudi Arabia," said MP Materials CEO James Litinsky.
Ma'aden's CEO Bob Wilt said the partnership was an integral step toward establishing mining as "the third pillar" of the Saudi economy.
Shares of MP Materials rose nearly 5 percent before the bell.
Reuters
07/05/2025
Saudi Arabian Mining Company (Maaden), one of the world's fastest growing mining companies, today reported a revenue of SAR8.51 billion ($2.27 billion) for the first quarter of 2025, a 16% year-on-ye
Trade Arabia
08/03/2025
Saudi Arabian Mining Co. (Ma'aden), the Middle East's largest multi-commodity mining company, reported a net profit of SAR2.87 billion ($765 million) for the fourth quarter and full year 2024, up 82%
Asharq Al Awsat
24/01/2018
Ma'aden Phosphate Co (MPC), a subsidiary of Saudi Arabian Mining Co (Ma'aden), has hired banks to arrange a riyal-denominated sukuk issue, according to documents seen by Reuters, including the sukuk
Reuters
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| SABIC | 56.75 | 0.75 (1.33 |
| SABICAGRINUTRIENTS | 108.50 | 0.50 (0.46 |
| LIMEINDUSTRIES | 13.40 | 0.03 (0.22 |
| APICO | 38.56 | 0.00 (0.00 |
| LUBEREF | 104.10 | 2.30 (2.25 |
04/07/2025
In line with its ongoing commitment to enriching the youth experience, Gulf Bank recently organized a creative workshop on tufting and embroidery arts for its red cardholders, in collaboration with t
Kuwait Times
04/07/2025
Qatar Insurance Company Q.P.S.C. (QIC) announced that it has successfully issued a USD 500 million subordinated perpetual Tier II capital bond with a fixed coupon of 6.15%.
The issuance was
Gulf Times
04/07/2025
Mesaieed Petrochemical Holding Company (MPHC) is pleased to announce a significant update following our previous announcement on 23rd September 2024. The parties has reached a mutual agreement for th
The Peninsula
04/07/2025
The Dubai headquartered school operator Taaleem is moving closer to generating revenues of over Dh1 billion for its current financial year. In the first nine months, the company's cleared revenues of
Gulfnews
04/07/2025
Americana Restaurants International, a leading quick-service and casual dining operator across the Mena region and Kazakhstan, has signed an exclusive franchise agreement with carpo - a premium Greek
Trade Arabia
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