Business & Money | Sunday 11 April, 2021 12:05 am

Saudi Aramco Signs $12.4 Billion Infrastructure Investment Deal with EIG-Led Consortium

Saudi Aramco has signed a deal with a consortium led by EIG Global Energy Partners (EIG), one of the world’s leading energy infrastructure investors, to optimize its assets through a lease-and-lease-back agreement involving its stabilized crude oil pipeline network. Upon closing, Saudi...

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Environment & Energy | Friday 9 April, 2021 6:16 pm

HRH Crown Prince: The Launch of the Sakaka IPP PV and the Signing of PPA’s for Seven New Projects are the Result of Implementing Directives of Custodian of the Two Holy Mosques to Develop the Saudi Economy

His Royal Highness Prince Mohammad bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, Minister of Defense, Chairman of the Supreme Committee for Energy Mix Affairs for Electricity Production and Enabling Renewable Energy Sector said that the launch of the Sakaka IPP PV and the signing...

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Business & Money | Friday 9 April, 2021 12:00 pm

Public Investment Fund (PIF) reaches major milestone in landmark Solar PV project

The Public Investment Fund (“PIF” or “Fund”) announced today a major milestone in its renewable energy program with the launch of the Sudair Solar PV plant in Sudair Industrial City, with a PIF-backed consortium signing a power purchase agreement with the Saudi Power Procurement Company for ...

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Cars & Autos | Thursday 8 April, 2021 3:16 pm

2021 GENESIS GV80 EARNS TOP SAFETY PICK+ AWARD

Today, the Insurance Institute for Highway Safety (IIHS) announced that the first-ever 2021 Genesis GV80 SUV has been designated as TOP SAFETY PICK+ (TSP+) for 2021. GV80 joins the 2021 G70 sport sedan and 2021 G90 flagship sedan with top honors and prior to this, G70, G80, and G90 all received TOP ...

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Business & Money | Thursday 8 April, 2021 9:33 am

Aramco participates in the launch of Altamayyuz Academy

Aramco Wednesday announced its creation and participation in the launch of Altamayyuz Finance and Accounting Excellence Academy, a first-of-its-kind collaboration between leading accountancy firms and investment banks which establishes a center of excellence for finance and accounting. The...

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Business & Money | Thursday 8 April, 2021 9:29 am

More than 850 companies apply for ‘Made in Saudi’ program

More than 850 companies have applied to join the ‘“Made in Saudi” program, the Saudi Press Agency reported.   Faisal Al-Bedah, the secretary-general of the Saudi Export Development Authority, on Wednesday addressed aspects of the program during a virtual meeting organized by the...

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Business & Money | Thursday 8 April, 2021 9:15 am

SIRC, SABIC Join Hands to Realize Saudi Vision 2030 Objective of Circular Economy

Saudi Investment Recycling Company (SIRC), a wholly owned subsidiary of Saudi Public Investment Fund (PIF), signed a Memorandum of Understanding (MoU) with SABIC, a global leader in diversified chemicals, to help SIRC set up its first chemical recycling project to enable the use of recycled plastic ...

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Business & Money | Thursday 8 April, 2021 9:10 am

Muheel launches app-based maintenance service in Saudi Arabia

 Saudi Arabia-based integrated facilities management organization, Muheel, which is jointly owned by Al Muhaidib Group and Abdul Latif Jameel, has launched YellaFix, a self-delivered home maintenance service powered by a mobile app that enables customers to book services remotely from their...

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Tourism & Hospitality | Wednesday 7 April, 2021 9:44 pm

HRH Crown Prince Launches ‘The Journey Through Time’ Masterplan for AlUla

His Royal Highness the Crown Prince Mohammed bin Salman, Chairman of the Royal Commission for AlUla, today launched "The Journey Through Time", a visionary masterplan that sets to responsibly and sustainably develop the core historical area of AlUla, a unique cultural landscape located in...

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Business & Money | Wednesday 7 April, 2021 3:15 pm

The Saudi Stock Exchange (Tadawul) Announces Its Transformation into A Holding Company (Saudi Tadawul Group) In Preparation for IPO

The Saudi Stock Exchange (Tadawul) today announced its transformation into a group structure, and reinforcing its capabilities in technology innovation.  This transformation marks a new chapter in the Group's history and signals its readiness for the IPO in 2021. The Saudi Tadawul Group,...

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