Qatar has declared a 11-day holiday for Eid Al Fitr, according to the Amiri Diwan. Eid Al Fitr holidays in Qatar will begin on April 19, in line with 28 Ramadan 1444 AH, and will continue until April 27, as reported by Arabian Business. All employees will return to work on Sunday, April 30, 2023. The […]
News
Posted inNews
Revealed: Top 5 oil and gas contracts in March 2023
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region
Subscribe to Oil & Gas Middle East Newsletter
Subscribe to receive the latest tech news & views in Middle East & Africa
Posted inNews
Saudi prince transfers $80 billion Aramco stake to key subsidiary
Saudi Arabia’s sovereign wealth fund PIF (Public Investment Fund) has transferred 4% of its issued shares in state oil giant Aramco—valued at around $80 billion—to one of its key subsidiaries, Sanabil Investments. HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince and Prime Minister and PIF Chairman, said the transfer of part […]
Posted inNews
UAE, Saudi Arabia say Eid Al Fitr to fall on Saturday
The International Astronomy Centres of UAE and Saudi Arabia expect Eid Al Fitr (1444 AH) to fall on Saturday, April 22, one day later than the previous prediction. The astronomical bodies said its prediction is based on astronomical information and that the exact date of the Eid will only be confirmed by the concerned authorities […]
Posted inNews
Dubai court orders KPMG to pay a whopping $231 million for Abraaj audit failure
A court in Dubai has ordered KPMG Lower Gulf to pay more than $231 million to a group of investors who claim they lost money because of poor-quality audit work by the firm on a fund they were invested in, the Financial Times reported on Saturday. The judgment, issued late last month, found that the […]
Posted inNews
ADNOC Drilling secures $412 million contract for Upper Zakum project
ADNOC Drilling has confirmed the award of a five-year contract for the provision of Integrated Drilling Services (IDS) totaling $412 million from ADNOC Offshore commencing in the second quarter of 2023. ADNOC Drilling will provide IDS for the development of the Upper Zakum field, the largest producing field in ADNOC’s offshore portfolio. Account to ADNOC Drilling, […]
Posted inNews
Saudi Crown Prince’s ‘special economic’ gateways to create thousands of jobs in the kingdom
Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman, has launched four new Special Economic Zones in the kingdom, which are expected to create “tens of thousands of jobs, and contribute billions of riyals” to GDP. The new Saudi zones will be focused on key growth sectors, which includes advanced manufacturing, cloud computing, medical […]
Load more