Friday 19 September 2014
 
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Saudi Arabia

Oil market ‘long term fundamentals robust’

Long term oil market fundamentals are robust and short-term price moves have little meaning for Saudi Arabia, the kingdom's deputy oil minister, Prince Abdulaziz Bin Salman Bin Abdulaziz, was quoted as saying by the Saudi Press Agency.

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L&T wins Saudi Arabia power deal

Leading Indian construction conglomerate Larsen & Toubro (L&T) said it has won a contract from Saudi Electricity Company (SEC) for setting up a high-voltage double circuit transmission line in eastern Saudi Arabia. The tur

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L&T wins Saudi Arabia power deal

Leading Indian construction conglomerate Larsen & Toubro (L&T) said it has won a contract from Saudi Electricity Company (SEC) for setting up a high-voltage double circuit transmission line in eastern Saudi Arabia. The tur

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Saudi Arabia implementing 80 megaprojects

More than 80 megaprojects, each worth at least $1 billion, are under way or planned for completion by 2030 in Saudi Arabia, according to a new report. This makes the kingdom the Middle East’s largest megaproject market by a wide m

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Saudi Arabia implementing 80 megaprojects

More than 80 megaprojects, each worth at least $1 billion, are under way or planned for completion by 2030 in Saudi Arabia, according to a new report. This makes the kingdom the Middle East’s largest megaproject market by a wide m

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80 mega-projects coming up in Saudi Arabia

More than 80 mega-projects, each worth at least $1 billion, are under way or planned for completion by 2030 in Saudi Arabia, according to a new report. This makes the kingdom the Middle East’s largest mega-project market by a wide

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Saudi Arabian fund to buy Posco unit stake

South Korean steelmaker Posco is considering selling part of a stake in its construction unit Posco Engineering & Construction (Posco E&C) to an unidentified Saudi Arabian fund in a deal worth nearly 1 trillion won ($966.28 million), sai

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Saudi Arabian fund to buy Posco unit stake

South Korean steelmaker Posco is considering selling part of a stake in its construction unit Posco Engineering & Construction (Posco E&C) to an unidentified Saudi Arabian fund in a deal worth nearly 1 trillion won ($966.28 million), sai

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Saudi industries receive $269bn loans

Saudi Arabia’s state-run financing agencies have so far distributed industrial loans worth SR1.01 trillion ($269 billion) to 6,751 firms in the kingdom, according to local news reports. The loans were distributed under 23 industri

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Saudi, Oman lead GCC salary hike forecast

Saudi Arabia and Oman based companies gave the highest salary increase projection among GCC countries for 2015 at 5.4 per cent each; a slight decrease from the 2014 predictions, a report said. Companies across the GCC are predicti

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