Wednesday 1 October 2014
 
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Saudi

Saudi focus on Asia may result in cheaper crude

By Clyde Russell   Asian refiners may be about to get a welcome boost from major oil producer Saudi Arabia, which is likely to keep lowering the cost of crude to the region.   Saudi

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Saudi oil output seen steady on expected rise in demand

Saudi Arabia is likely to keep its oil output steady throughout the rest of the year as world oil consumption is expected to rise and domestic demand for crude eases during the winter.   Oil prices ha

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KAEC to hand over Red Sea luxury apartments

Saudi Arabia-based King Abdullah Economic City (KAEC), one of the largest economic projects in the Middle East, is set to hand over all the residential units in its Marina Tower 2 luxury apartment building at the Bay La Sun district, one of the

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Saudi oil aid to Egypt hits $5bn

Saudi Arabia sent Egypt $3 billion worth of refined oil products from April up to the first week of this month, an official from Egypt's state oil company told Reuters on Thursday. The EGPC official said the total value of oil

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Leading Saudi IT firm achieves 20pc growth

Al Falak Electronic Equipment & Supplies Company, a leading IT and communications solution provider, said it has registered a growth average of 20 per cent for the last three years. The company has been witnessing continuous g

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JCB eyes 'booming' Saudi Arabian market

JC Bamford Excavators, a UK-based construction machinery firm, sees a "vast potential" for growth in the GCC region, especially in Saudi Arabia, its single largest market in terms of construction. Universally known as JC

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Drake & Scull wins Saudi hospital contract

Drake & Scull International (DSI) said its subsidiary in Saudi Arabia has won a Dh189 million ($51.4 million) mechanical, electrical and plumbing (MEP) contract for a 107-bed hospital in Riyadh, Saudi Arabia. The Al-Dara Hospi

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Drake & Scull wins Saudi hospital contract

Drake & Scull International (DSI) said its subsidiary in Saudi Arabia has won a Dh189 million ($51.4 million) mechanical, electrical and plumbing (MEP) contract for a 107-bed hospital in Riyadh, Saudi Arabia. The Al-Dara Hospi

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1,743-room Anjum hotel opens in Makkah

Adbul Latif Jameel Real Estate Investments Company (ALJREIC), a leading developer in Saudi Arabia, said it has opened the largest hotel in the kingdom's Makkah region. The hotel was inaugurated in the presence of Prince Sultan

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Security, rivals delay mobile newcomers' entry in Saudi Arabia

State security requirements and a lack of cooperation from Saudi Arabia's existing telecom operators have delayed the launch of two new mobile companies until later this year, their chief executives said. The national telecom

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