Environment & Energy | Tuesday 16 April, 2019 3:44 am

Aramco buys $1.25bn stake in South Korean refiner

Saudi Aramco and Hyundai Heavy Industries Holdings on Monday announced that they have reached an agreement for Saudi Aramco’s subsidiary, Aramco Overseas Company B.V (AOC), to purchase a 17% stake in South Korea's Hyundai Oilbank, a subsidiary of Hyundai Heavy Industries Holdings. The...

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Environment & Energy | Sunday 14 April, 2019 3:14 am

Aramco announces review of gas prices for Second Quarter of 2019

Saudi Aramco announced that the prices of gasoline updated from April 14, 2019 will be as follows: (Benzene 91: SAR 1.44 per liter) and Benzene 95: SAR 2.10 per liter) during the current quarter of April - June 2019. The prices of the previous quarter during the months of January - March 2019 ...

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Environment & Energy | Saturday 13 April, 2019 4:18 am

UAE participates in 161st FAO Council Session in Rome

Dr. Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, headed the UAE delegation to the 161st Session of the Food and Agriculture Organisation (FAO) Council that is currently underway at FAO’s headquarters in Rome. During the session, which runs from April 8 to 12, the ...

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Environment & Energy | Saturday 13 April, 2019 4:02 am

Saudi Press: Saudi Aramco's International Bond Deal Deserves to be Described as Strong and Safe Investment

Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas. Al-Riyadh newspaper said in its editorial that Saudi Arabian Oil Company “Saudi Aramco's" international bond deal deserves to be described as a strong and safe...

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Environment & Energy | Friday 12 April, 2019 4:10 am

NWC wins GWI Excellence Award 2019 for Water Project of the Year

 The National Water Company (NWC) was awarded 2019 Excellence Award in the category of "Water Project of the Year", from the Global Water Intelligence (GWI) for Al Wajeed project, during a ceremony held in London on Tuesday 9/4/2019. Al Wajeed Project is one of giant water projects...

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Environment & Energy | Thursday 11 April, 2019 4:09 am

Saudi Aramco Announces Pricing of $12 Billion Bond Issuance

Saudi Arabian Oil Company (“Saudi Aramco”) announced that it has priced an offering of $12 billion in its inaugural international bond issuance. The issuance is comprised of five tranches of senior unsecured notes under Saudi Aramco’s Global Medium Term Note Program. The tranches ...

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Environment & Energy | Wednesday 10 April, 2019 11:18 am

Schneider Electric’s IoT EcoStruxure™ and EcoStruxure™ Facility Advisor Solutions Help Sustain Sports and Leisure Facilities

Sports arenas around the world attract those seeking the thrill and excitement of winning. These arenas vary in their efforts to adopt the best standards and specifications, starting with location all the way to architectural design, public services, safety and security requirements, and...

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Environment & Energy | Tuesday 9 April, 2019 4:30 am

Oil market headed for balance: Falih

Minister of Energy, Industry and Mineral Resources Khalid Al-Falih said on Monday the oil market was "moving towards balance", and that producers may not need to make additional output cuts. "I don't think we will need (to do more) ... the market is on its way towards balance. ...

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Environment & Energy | Thursday 4 April, 2019 4:39 am

Jordan WEF event to focus on ‘new platforms of cooperation’

This weekend’s World Economic Forum meeting in Jordan will address “new platforms of cooperation” for the Arab world, organizers said on Wednesday. The 17th World Economic Forum on the Middle East and North Africa is set to take place at the Dead Sea on April 6-7, and bring...

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Environment & Energy | Wednesday 3 April, 2019 4:09 am

Saudi Arabia shines a light on future of solar power

Saudi Arabia is embracing a new, more efficient way to harness solar power for electricity, inspired by its role as the main developer in one of the world’s largest renewable energy projects, the Mohammed bin Rashid Al-Maktoum Solar Park in Dubai. Concentrated solar power (CSP), which makes...

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