Saudi crown prince chairs Cabinet session.
Crown Prince Mohammed bin Salman chaired the Cabinet session on Tuesday.
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PIF’s revenue soars 100% to $88.3bn, latest figures show.
Saudi Arabia’s sovereign wealth fund has reported strong financial results for 2023, achieving revenues of SR331 billion ($88.3 billion) from its diverse investment portfolio, marking over 100% percent growth from 2022. Demonstrating robust returns and significant progress toward its long-term objectives, the Public Investment Fund has released its consolidated financial statements for the year ending…
ACWA Power secures $373m financing for Tashkent’s Riverside Power Plant.
Saudi energy giant ACWA Power Co. has signed financing deals worth SR1.4 billion ($373.1 million) for Tashkent’s Riverside power plant in Uzbekistan, according to a statement on Tadawul. The facility aims to generate 200 megawatts of solar photovoltaic energy and store 500 MW per hour using batteries, with a total cost of SR2 billion. The financing agreements were signed by ACWA Power…
Saudi energy minister announces discovery of seven oil, gas deposits.
Saudi Arabia’s energy minister announced the discovery of seven oil and gas deposits in the Kingdom’s Eastern Province and Empty Quarter, Saudi Press Agency reported on Monday. Prince Abdulaziz bin Salman said Saudi Aramco had discovered “two unconventional oil fields, a reservoir of light Arabian oil, two natural gas fields, and two natural gas reservoirs,”…
Arab oil dominates Japan’s crude supply in May.
The Arab share of Japan’s oil imports for May, as reported by the Agency for Natural Resources and Energy, amounted to 62.44 million barrels — 95.3 percent of all the oil Japan imported that month. Imports during the month from the UAE, Saudi Arabia, Kuwait, Qatar, and the neutral zone between Saudi Arabia and Kuwait…
Saudi king, crown prince offer condolences to king of Morocco.
Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman sent cables of condolences to the king of Mohammed VI of the Kingdom of Morocco on the death of his mother, the Saudi Press Agency reported on Sunday. In a cable to King Mohammed VI of Morocco, King Salman expressed deepest and sincere condolences on…
Cairo Nights brings Egypt’s lively urban culture to Jeddah.
City Walk is back with the theme “Once Again,” and boasting a new zone, Cairo Nights, which is a portal into the lively streets of the Egyptian capital. This year’s season includes new attractions and zones, while others have been renamed and rearranged to bring a fresh new experience for visitors. Cairo Nights’ alleys are…
Fighting rages in Gaza City’s Shujaiya for fourth day; 80,000 Palestinians displaced.
Heavy battles and bombardment hit Gaza City’s Shujaiya district for a fourth day on Sunday, months after Israel declared Hamas’s command structure dismantled in the northern area.Tens of thousands of Palestinians have fled the devastated neighborhood, where the army said it has fought Palestinian militants both “above and below ground” in tunnels.Months of on-and-off talks…
GCC Secretary-General emphasises strength of Gulf economy
Muscat: His Excellency Jassim Mohammed Al Budawi, Secretary-General of the Gulf Cooperation Council, emphasised the strength of the Gulf economy and its ability to face economic challenges. This came during His Excellency’s recorded speech at the roundtable meeting between the Gulf Cooperation Council and American companies, which was held under the auspices of the American Chamber…
Nothing better than winning the cup and saying goodbye: Rohit Sharma
Bridgetown : After winning the T20 World Cup 2024 and ending India’s long wait for an ICC trophy, skipper Rohit Sharma opened up on his retirement from the 20-over format and said that there’s ‘nothing better than winning the cup and saying goodbye’. The Men in Blue got hold of the prestigious T20 WC trophy for…