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Acwa gets $344m loan for Dubai solar project

Saudi Arabia's Acwa Power is obtaining a loan of about $344 million from three banks to finance a solar energy project in Dubai, chief executive Paddy Padmanathan said on Sunday. The 27-year amortising loan with an interest ra

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Acwa gets $344m loan for Dubai solar project

Saudi Arabia's Acwa Power is obtaining a loan of about $344 million from three banks to finance a solar energy project in Dubai, chief executive Paddy Padmanathan said on Sunday. The 27-year amortising loan with an interest ra

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SNC-Lavalin wins 2 district cooling contracts in Saudi

SNC-Lavalin, a leading engineering and construction group, has won two district cooling contracts in Saudi Arabia, with a combined value of approximately $71 million. The contracts have been awarded by the Saudi Dhahran Cooling Co

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Saudi to hike April crude selling price for Asia

Top oil exporter Saudi Arabia is expected to raise the official selling price (OSP) for most of its crude grades to Asia in April, including a hike in the OSP for Arab Light to a four-month top, in line with a stronger Dubai market.

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Saudi envoy moves to Aden from Houthi-controlled capital

Saudi Arabia's ambassador to Yemen is moving to the southern city of Aden, an aide to President Abd-Rabbu Mansour Hadi said on Thursday, in an apparent snub to the Shi'ite Houthi faction that has taken control of the capital Sanaa.

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Saudi economy a ‘pillar of strength’ in GCC

Saudi Arabia's strong economy has a hugely positive effect on trade and investment relations with Bahrain, said the Premier yesterday (February 26). His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa stress

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Saudi tourism firms roll out latest travel packages

Tourism companies in Saudi Arabia have started to roll out their latest line of travel packages to destinations like the US, Europe, Africa and GCC countries, in preparation for the coming summer vacation season. Looking to addres

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Saudi to hike April crude OSPs for Asia

Top oil exporter Saudi Arabia is expected to raise the official selling price (OSP) for most of its crude grades to Asia in April, including a hike in the OSP for Arab Light to a four-month top, in line with a stronger Dubai market.

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Opportunities in Saudi’s economic diversification in focus

The need for greater economic diversification in Saudi Arabia and the opportunities that diversification will create for local and international banks will be reviewed at an upcoming Euromoney conference in the kingdom. The Euromo

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Mobily swings to 2014 loss; trading in shares suspended

Saudi Arabia's Mobily on Wednesday said it swung to a full-year loss in 2014 after the telecommunications operator announced its audited results, also revealing it had breached loan covenants with various lenders. Mobily -- fo

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