11 Muharram 1446 - 17 July 2024
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Eye of Riyadh

ACWA Power – First Closing of Powervest Fund
Environment & Energy | Monday 2 February, 2015 12:39 am
International Company for Water & Power Projects (“ACWA Power”) announced the official first closing of the Powervest Fund (“the Fund”) with commitments of c. SAR 596 million (c. USD 159 million).The Fund is domiciled in the Kingdom of Saudi Arabia (“the Kingdom” /”KSA”) and set up ...
Saudi Arabia full year average crude production 9.6 mbpd in 2015
Environment & Energy | Thursday 29 January, 2015 3:50 pm
In a very competitive global oil market, with ample supply from non-OPEC sources, Saudi Arabia’s full year average crude production in 2015 is projected to reach 9.6 mbpd, declining slightly to 9.4 mbpd in 2016, according to the latest Quarterly Oil Market Review released by Jadwa Investment, a...
Sadara Chemical Company and Chemie-Cluster Bayern  Sign Joint Cooperation Agreement
Environment & Energy | Wednesday 28 January, 2015 7:58 am
Sadara Chemical Company (Sadara) and Chemie-Cluster Bayern GmbH (CCB) have today signed an agreement to cooperate and jointly support the development of Chemical based value chains in PlasChem Park in Jubail, Saudi Arabia. This cooperation agreement will primarily focus on the identification and...
KSA investing billions of riyals in shale projects
Environment & Energy | Wednesday 28 January, 2015 7:45 am
American shale oil production is important for the world’s long-term energy future and Saudi Aramco has marked an additional $7 billion (SR26.25 billion) for its own shale projects, said its President and CEO Khalid Al-Falih.Aramco has already invested $3 billion (SR11.25 billion) in developing...
Almagar Group 3EC and Enekio Signed a Contract for Technical Cooperation
Environment & Energy | Tuesday 27 January, 2015 2:12 pm
in Abu Dhabi at the World Future Energy Summit, a contract for Technical Cooperation was signed between Almagar Group Environmental Energy Engineering Consultancy 3EC and Enekio in order to develop and deploy Smart Energy Solutions for Cities and Buildings and Eco System.The document was endorsed...
New campaign to reduce car fuel consumption
Environment & Energy | Tuesday 27 January, 2015 8:22 am
The Saudi Center for Energy Efficiency at King Abdulaziz City for Science and Technology plans to launch a third campaign to reduce fuel consumption in the country, this time targeting drivers.The four-week campaign follows the government focusing on air-conditioners in 2013. In 2014, it issued...
Kingdom’s nonoil GDP growth expected to be robust in 2015
Environment & Energy | Tuesday 27 January, 2015 12:36 am
Kuwait Financial Centre (Markaz) recently released its outlook on GCC markets for the full year of 2015. In this research report, Markaz analyses the performance of GCC stock markets in 2014 and provides an outlook for 2015 based on hydrocarbon dependency, corporate earnings potential, valuation...
GE’s Power Conversion Business Helps Meet Rising Demand for Water and Electricity in Saudi Arabia
Environment & Energy | Monday 26 January, 2015 3:59 pm
GE’s Power Conversion business (NYSE: GE) will provide the electrical variable speed drive (eVSD) system technology including motors and MV7000 drives to help power the new Yanbu 3 power and desalination plant in Saudi Arabia. The systems from GE will increase the efficiency of the desalination...
College students suffer from ‘weather phobia’
Environment & Energy | Friday 23 January, 2015 12:54 am
Some 90 percent of Saudi college students are suffering from "weather phobia," which has resulted in the absence of considerable number of students from colleges, a local daily said quoting a recently published study undertaken by King Khalid University (KKU).Ninety-five percent of students who...
Xylem’s intelligent pump control solution recognised at International Water Summit
Environment & Energy | Friday 23 January, 2015 12:35 am
Xylem Inc., (NYSE: XYL), a leading global water technology company dedicated to solving the world’s most challenging water issues, has been announced as a finalist in the Innovate@IWS competition at the International Water Summit, Abu Dhabi. Xylem is one of four finalists in the municipal water...