Page 22 - Saudi Basic Industries News Today

Saudi Aramco plans to ramp up its oil production capacity by 550,000 b/d by 2025 as it forges ahead with plans to boost its maximum sustainable capacity to 13 million b/d in the coming years. “The Marjan and Berri crude oil increment programs are in the final stages of detailed engineering, and construction activities continue ...

Updated 43 min 21 sec ago Arab News July 02, 2021 01:21 RIYADH: Siemens Energy is to supply power to 30,000 homes as part of the first community being built by developer Roshn in Riyadh. Mahmoud Sulaimani, managing director of Siemens Energy in Saudi Arabia, said: “This contract will enable Siemens Energy to create more jobs for Saudi talents and will provide homes to meet the needs of Saudi families. “One of our main values as Siemens Energy is to care for the communities where we live an...

Major Gulf stock markets ended higher on Wednesday, with Saudi Arabia extending gains into a seventh session amid rising oil prices, while financials dragged down the Egyptian index.

Middle Eastern stock markets closed mixed on Monday, with indexes in the United Arab Emirates and Saudi Arabia logging monthly gains amid rising oil prices and improving business activity in their non-oil sectors.

Most major stock markets in the Gulf rose in early trade on Wednesday, supported by gains in their financial stocks, although Abu Dhabi bucked the trend to trade lower.

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Most major stock markets in the Gulf eased in early trade on Wednesday, but the Dubai index was on course to extend gains from the previous session following an upbeat assessment of its property shares by Morgan Stanley.

Dr. Mohammed Al-Nuwairan has been the chief executive officer of the Saudi National Center for Palms and Dates (NCPD) since April 2016. He heads a number of initiatives aimed at improving the management and efficiency of the sector’s supply chains, from farms to local and international consumers, and is involved in highlighting palm and date-related investment opportunities in areas such as services, technology, and bi-products. Al-Nuwairan and his NCPD team have been working to transform the...

Bold Prince Holds Tight Grip On Cash Machine Saudi Aramco, The World’s Most Profitable Company Share to Linkedin Staredown: Crown Prince Mohammed bin Salman gives an interview to the official TV channel in Riyadh, Saudi Arabia on April 28, 2021. Anadolu Agency via Getty Images On track for $80 billion in income this year, Saudi Aramco held onto its No. 5 spot in the Global 2000. Shares trade “in their own universe,” as investors show faith in the vision of Crown Prince Mohammed ...

RIYADH: A digital security firm owned by Saudi Arabia’s Public Investment Fund (PIF) has hired Riyad Capital to advise on a possible IPO, Bloomberg reported. Digital security firm Elm has hired Riyad Capital to advise on the share sale that could value the company at about $2 billion, according to people familiar with the matter. The IPO could see the PIF selling off a stake of up to 30 percent, the people said, asking not to be identified as the information is private. Elm is aiming to compl...