Thursday 23 October 2014
 
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Saudi Arabia

Aramco awards pipeline contract to China's Sepco

Saudi Aramco has contracted a Chinese group for a project to help expand the capacity of the main gas pipeline across Saudi Arabia, which dates back to the 1970s, aiming to improve energy supply to industries in the west of the country.

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Saudi Arabia to make insulation of buildings mandatory

Saudi Arabia will soon make it mandatory for residential buildings in 24 major cities across the kingdom to have thermal insulation in a bid to save on rising energy costs, said a report. About 70 per cent of residential buildings

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Dar Al Arkan Real Estate targets 10pc growth

Dar Al Arkan Real Estate Development Company, Saudi Arabia's largest listed developer, plans to spend over SR1 billion ($267 million) on projects in 2015 and aims for 10 per cent growth of its business in the year, its chairman said.

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Air Arabia launches new route in Saudi Arabia

Air Arabia, the Middle East and North Africa’s largest low-cost carrier, has announced the launch of non-stop service to Al Jouf, Saudi Arabia. Al Jouf is the 11th destination of Air Arabia in the kingdom. The scheduled flights wi

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Rosewood Corniche introduces new market-style dining

Rosewood Corniche, a luxury hotel in Jeddah, Saudi Arabia, has introduced The Saturday Market – a new mid-day dining concept at its international restaurant, Habsburg. The new cooking concept allows hotel guests and visitors to se

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Saudi August oil exports lowest in three years

Saudi crude exports fell in August for the fourth month in a row to their lowest levels in three years, official data showed on Monday, as the top oil exporter fights for market share amid weak demand and ample supplies from rival producers.

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UAE, Saudi Arabia, Oman top Mice destinations in GCC

The UAE, Saudi Arabia and Oman have emerged as the top three meetings, incentives, conferences and exhibitions (Mice) destinations in the GCC. The number of international association meetings in the region has more than tripled over the

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Fawaz Alhokair quarterly net rises 7.7pc

Saudi Arabia retailer Fawaz Abdulaziz Alhokair Company reported a 7.7 per cent rise in second-quarter profit on Monday as sales increased and it made foreign exchange gains, but the profit missed analysts' estimates. The compa

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Saudi-Kuwait oilfield halted due to 'environmental issues'

Crude production from the Khafji oilfield, jointly run by Saudi Arabia and Kuwait, has been halted temporarily to comply with environmental rules, according to an industry source familiar with Saudi policy and an internal letter seen by Reuters.

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Saudi Safco Q3 net profit up 24pc

Saudi Arabia Fertilizers Company (Safco) reported a 24.4 per cent rise in third-quarter net profit on Sunday, beating analysts' forecasts and ending a sustained profit slump as sales prices and sales volumes increased. The com

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