Saudi Arabia, the world’s largest oil exporter, announced Sunday it would raise the price of crude oil by 80 cents up in January from the previous month.
Oil prices were up Monday to over $71 a barrel following an announcement that Saudi Arabia would increase the price of crude, signalling confidence in demand despite the spread of the omicron variant of Covid-19. Brent crude gained 2.1 percent to $71.35 per barrel, while West Texas Intermediate increased 2.35 percent to $67.82 per barrel […]
The field will make Saudi Arabia one of the world’s largest natural gas producers.
Saudi Arabian energy giant Saudi Aramco announced Tuesday that it would start the development of the Jafurah unconventional gas field, the largest non-associated gas field in the Kingdom. In addition, Aramco announced that it had awarded subsurface and engineering, procurement, and construction (EPC) contracts worth $10 billion. The capital expenditure of the Jafurah field is […]
The group has maintained stability for global oil markets, Saudi Arabia's oil minister said.
The OPEC+ group has delivered more remarkably than any other group on planet earth and demonstrated a cohesion that has brought stability and sustainability to oil markets, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said on Monday. Prince Abdulaziz was speaking during the ADIPEC 2021 opening ceremony in a panel focused on shedding light […]
The industrial sector has managed exceptional expansion in Saudi Arabia despite market conditions
Despite the headwinds to global economic growth as a result of the pandemic, the industrial sector stands out due to its exceptional expansion, according to the H1 Saudi Arabia Industrial Market Review by global property consultant, Knight Frank. Faisal Durrani, Partner – Head of Middle East Research, Knight Frank, explained: “The government’s transformational vision for […]
Saudi Arabia is aiming to achieve net zero emissions by 2060
Saudi Arabia’s “bold” climate action plans have been praised by the United Nations after the Kingdom officially submitted its Nationally Determined Contribution (NDC) emissions pledge. Earlier, HRH Crown Prince Mohammed Bin Salman Al Saud announced that Saudi Arabia aims to achieve net zero emissions by 2060 through the Carbon Circular Economy approach. This is based […]
From its new office in Riyadh, Nexans plans to provide local on-ground support to customers in Saudi Arabia
Nexans Telecom & Data division, a supplier of end- to-end network infrastructure solutions, today announced the opening of its office at Al Muruj in Riyadh, Saudi Arabia. In addition to Nexans Middle East hub in Dubai, this move increases Nexans presence in the Middle East, while bringing it closer to its customers and channel partners. […]
Seventy-seven percent of Saudi organizations have moved business-critical functions to the cloud — including human resources (80%) and accounting and finance (60%)
Tenable®, Inc., the Cyber Exposure company, has published results of a study that found 86% of Saudi organizations suffered a business impacting cyberattack* attributed to vulnerabilities in technology put in place during the pandemic. The data is drawn from ‘Beyond Boundaries: The Future of Cybersecurity in the New World of Work,’ a commissioned study of […]
The initiative was taken in the frame of the Saudi Aramco’s Nama’at Industrial Investment Program
Saipem and Saudi Aramco have signed a Memorandum of Understanding (MoU) aimed at exploring the possibility to establish a new entity in Saudi Arabia for the execution of engineering and construction activities in the industrial sector. The initiative was taken in the frame of the Saudi Aramco’s Nama’at Industrial Investment Program, focused on capacity building […]
