Saturday 28 May 2016
 
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Saudi

Saudi Aramco discovers new oil and gas fields

Saudi Arabia's state oil giant Aramco discovered new oil and gas fields last year and the kingdom is committed to continue investing in its energy sector to meet future demand, its new energy minister said. Khalid al-Falih, wh

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Egyptian cabinet approves $2.5bn grant from Saudi Arabia

Egypt's government approved on Thursday a $2.5 billion grant from Saudi Arabia, the cabinet said in a statement. "The cabinet approved a grant agreement between the governments of Egypt and Saudi Arabia in which Saudi Ara

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Aramco boosts market share as it prepares for listing: CEO

Saudi oil giant Aramco is gaining market share and pushing for greater efficiency, chief executive Amin Nasser said in an interview, as it acts as a "bridge" to a future when the nation relies less on energy exports. Nas

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Saudi JV to develop $3.6bn Egypt housing project

Jeddah-based Sisban Holding has joined hands with leading developer Egyptian Mountain View to launch its giant $3.6-billion luxury residential project, said a report. The Mountain View iCity is being developed as a comprehensive u

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Dubai to see 2.5m Saudi tourists by 2020

Ranked among the top destination choices for Saudi Arabian travellers, Dubai can expect to see tourist arrivals from the kingdom hit 2.5 million a year by 2020, said a report quoting an Emirati official. The UAE emirate recorded a

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Sabic may get new presidents for three units

Petrochemicals giant Saudi Basic Industries Corp (Sabic) has recommended the appointment of new presidents at three of its affiliates, including one subsidiary which experienced a deadly fire last month, industry sources said on Monday.

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Aramco, Pertamina award refinery contract

Saudi Aramco and PT Pertamina (Persero) have awarded the engineering and project management services contract to conduct the basic engineering design (BED) study for their joint Cilacap Refinery upgrade project to Amec Foster Wheeler Energy Limi

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Turkmenistan seeks Saudi, Japanese funding for gas link

Turkmenistan is in talks with the Islamic Development Bank, the Saudi Fund for Development and Japan's government on financing the construction of a gas pipeline to Afghanistan, Pakistan and India, a project official said on Saturday.

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Turkmenistan seeks Saudi, Japanese funding for gas link

Turkmenistan is in talks with the Islamic Development Bank, the Saudi Fund for Development and Japan's government on financing the construction of a gas pipeline to Afghanistan, Pakistan and India, a project official said on Saturday.

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Saudi sends request for proposals for dollar bond

The Kingdom of Saudi Arabia has sent banks a request for proposals for a potential US dollar bond, according to several sources. The sovereign is expected to issue in the international capital markets sometime this year to fund a

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