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Petchem projects to drive Saudi oil, gas sector by 2025 RIYADH, 6 hours, 49 minutes ago Petrochemical projects are expected to drive the commencement of upcoming projects across the oil and gas value chain in Saudi Arabia, accounting for 61 per cent of the total projects expected to start operations by 2025, according to GlobalData, a leading data and analytics company. Among these, new build projects dominate with 84%, while the rest are expansion projects, stated GlobalData in its report, Middle East Oil and Gas Projects Outlook to 2025 - Development Stage, Capacity, Capex and Contra...
JEDDAH: Charity platform Ehsan has received SR260 million (($69.3 million) in donations in the first 24 hours of its launch. King Salman, Crown Prince Mohammed bin Salman, philanthropists and companies are among those supporting Saudi Arabia’s latest national charity campaign. Among the largest donations received are: SR40 million from Waqf Sulaiman Al-Rajhi; SR25 million from the late Sheikh Mohammed Abdulaziz Al-Rajhi’s charities Nama and Ataa; SR15 million from Saudi Aramco; SR10 million from Saudi Telecom Co.; SR7 million from Al-Rajhi Bank, and SR5 million each from Saudi Basic Indus...
Sabic providing $500k for STEM scholarships at HBCUs Print Saudi Basic Industries Corp. has donated $500,000 to sponsor students in science, technology, engineering and math (STEM) programs at historically black colleges and universities (HBCUs) in the U.S. Sabic, based in Riyadh, with U.S. headquarters in Houston, is making the donation through the Future of STEM Scholars Initiative (FOSSI), the chemical industry's collaborative diversity, equity and inclusion program. Sabic plans to sponsor 10 young scholars over the next two years, joining a growing list of organizations that together have...
UAE and other GCC stocks soared, driven by a combination of factors from fairly good-looking first-quarter numbers and Qatar's foreign ownership limit removal to oil demand outlook and lower consumer inflation in Saudi Arabia. Dubai Financial Market scaled 2.5 per cent higher at 2,633 points, making for the second-sharpest single-day rise this year as Emaar Properties soared 6 per cent for its best performance year-to-date. The index was further boosted as the rally expanded to the rest of the property shares, with Emaar Development up 5 per cent, while Damac Properties and Deyaar Developmen...