Please wait...
GulfBase Live Support
- Gulf Bank showcases salary account benefits, featuring a cash gift
- NBB appoints new group Chief Operating Officer
- QNB named MEED's Best Private Bank in Qatar 2025
- QatarEnergy acquires new exploration interest offshore Egypt
- Qatar Electricity & Water Company earns 9 month net profit of QR1,027mn
- Sumou, Diyar Real Estate ink Jeddah infrastructure works deal
- QNB's Operations Control - Policies & Procedures Dept achieves ISO 9001:2015
- QIMC posts 19% profit decline in first nine months of 2025
- China's COOEC wins $4bn QatarEnergy project contract
- How UAE residents can now buy Islamic government bonds from Dh4,000
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
26/10/2025
Saudi Arabian Mining Company (Maaden), one of the world's fastest-growing mining companies, has awarded a major engineering, procurement and construction management (EPCM) contract to Bechtel for its
Trade Arabia
03/09/2025
The Saudi Arabian Mining Company (Maaden) has joined the International Council on Mining and Metals (ICMM), an international organization dedicated to enhancing the contribution of mining and metals
Asharq Al Awsat
27/08/2025
Maaden Bauxite and Alumina Company (MBAC), a subsidiary of Saudi Arabian Mining Company (Maaden), one of the world's fastest-growing mining companies, has signed a power purchase agreement (PPA) with
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| SABIC | 60.30 | -0.05 (-0.09 |
| SABICAGRINUTRIENTS | 123.10 | -0.60 (-0.49 |
| LIMEINDUSTRIES | 12.16 | 0.11 (0.91 |
| YANSAB | 33.54 | -0.68 (-1.99 |
| APICO | 36.92 | -0.08 (-0.22 |
27/10/2025
As part of its ongoing commitment to strengthening direct communication with customers and providing the best banking experiences, Gulf Bank was present at Al Khiran Mall for three consecutive days t
Kuwait Times
27/10/2025
The National Bank of Bahrain (NBB) has announced the appointment of Nabeel Mustafa as Group Chief Operating Officer.
Mustafa brings over 20 years of experience in the financial services sect
Trade Arabia
27/10/2025
QNB has "reaffirmed its leadership in private banking" by being named 'Best Private Bank in Qatar' at MEED's MENA Banking Awards for Wealth and Private Banking 2025.
This prestigious recogni
Gulf Times
27/10/2025
Qatar Electricity & Water Company posted a net profit of QR1,027mn in the first nine months of this year, compared to QR1,189mn in the same period in 2024.
QEWC reported nine-month revenue o
Gulf Times
27/10/2025
Saudi-based Sumou Real Estate Company has announced the signing of an infrastructure development works contract with Diyar Real Estate Development Company (a key entity which represents a real estate
Trade Arabia
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia