Monday 22 December 2014
 
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Isolux Corsan wins key Saudi substation deal

Isolux Corsan, a leading Spanish engineering and construction firm, has won a major contract for the construction of two 115 kV substations in the city of Al Hasa, Saudi Arabia. The $40-million project, awarded by Saudi Arabia'

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Isolux Corsan lands first Saudi contract

Isolux Corsan, a leading Spanish engineering and construction firm, has won a major contract for the construction of two 115 kV substations in the city of Al Hasa, Saudi Arabia. The $40-million project, awarded by Saudi Arabia'

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Gulf may stay firm on hopes for oil, Saudi budget

Gulf stock markets may stay firm on Monday after two days of strong gains, buoyed by hopes that oil prices have found at least a short-term floor and that Saudi Arabia will announce a 2015 budget that includes heavy government spending.

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Saudi says 'won't cut output even if non-Opec nations do'

Saudi Arabia said on Sunday it would not cut output to prop up oil markets even if non-Opec nations did so, in one of the toughest signals yet that the world's top petroleum exporter plans to ride out the market's biggest slump in years.

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Naimi says prices will stimulate demand, confident market will recover

Saudi Arabia's oil minister defended Opec's decision to keep output steady despite the biggest market slump in years, saying current prices would help global economic growth and petroleum demand, while Ar

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Saudi oil supplies to China seen flat for 2nd year

Saudi Aramco is expected to keep crude oil supply to China under an annual contract largely unchanged next year, the second year of flat demand as Chinese refiners anticipate ample supplies in the spot market and lack of new refining capacity.

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Saudi Rail to showcase latest rail industry developments

International exhibitors are set to showcase the latest developments in the railway industry and highlight opportunities in the region, according to a report. The rail projects in the region has been estimated to reach SR45 billio

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Saudi Rail to showcase latest rail industry developments

International exhibitors are set to showcase the latest developments in the railway industry and highlight opportunities in the region, according to a report. The rail projects in the region has been estimated to reach SR45 billio

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EXtra opens Apple outlets in Riyadh, Al Khobar

The United Electronics Company (eXtra) has opened Apple’s first generation stores in Saudi Arabia, following a successful three-year collaboration between the two companies. The outlets will be located in eXtra’s shops

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Opec can't cut alone but others would not, says Naimi

Saudi Arabia's powerful oil minister said on Thursday that Opec could not cut output without the support of other big producers and attempts to get them on board had not worked. Al Naimi said it was impossible for Opec to cut

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