Company Insights Saudi Aramco Oil & Gas Saudi Aramco News Banking & Finance Saudi firms partner to boost SME involvement in supply chains Banque Saudi Fransi has formed a tie-up with Saudi Aramco-backed fintech firm Lamaa pledging to develop products and services to aid supply chain management and cut costs. Under a memorandum of understanding signed on Wednesday, the two companies agreed to collaborate to develop, evaluate and launch “supply chain solutions” that will streamline the process for […] December 7, 2022 Analysis Energy Adnoc chasing global growth with latest venture Abu Dhabi National Oil Company (Adnoc) is creating a dedicated unit for low carbon solutions and international business. It is an attempt to monetise the decarbonisation strategy mandated to it by its board and the wider UAE government. But the company must ensure that any future overseas work does not cannibalise that of the Abu […] December 7, 2022 Energy Saudi Aramco discovers two natural gas fields Saudi Aramco has discovered two new natural gas fields, Awtad and AlDahna, in the country’s eastern region, state news agency SPA reported, citing energy minister Prince Abdulaziz bin Salma. Awtad was discovered southwest of the Ghawar field while AlDahna was discovered 230 kilometres southwest of Dhahran. Prince Abdulaziz said these discoveries will increase Saudi Arabia’s natural gas […] December 1, 2022 Energy Saudi Arabia ships world’s first consignment of blue ammonia Saudi Arabia has shipped 50 kilometre-tonnes (kmt) of low-carbon blue ammonia to South Korea, representing a new landmark in the development of decarbonisation solutions. Vessel Seasurfer, carrying 25 kmt of certified low-carbon “cradle-to-gate” blue ammonia, is expected to reach its destination between December 9 and 13, marking the world’s first commercial shipment of its kind, […] November 29, 2022 Energy SABIC and Aramco plan crude into petrochemicals projects Saudi Basic Industries Corporation (SABIC) and Saudi Aramco are planning a joint project to convert crude into petrochemicals in Ras Al Khair, Reuters reported, citing energy minister Prince Abdulaziz bin Salman. The project, which will be the first of its kind in Saudi Arabia, will be completed in the coming years and have a capacity […] November 24, 2022 Analysis Energy Saudi Aramco inks $11bn deal to create 5,000 supply chain jobs Saudi Aramco signed agreements with dozens of manufacturers on Tuesday, with potential to create 5,000 new jobs in the kingdom over the next decade as the energy major looks to boost local capabilities. The 59 corporate procurement agreements (CPAs), valued at $11 billion, are expected to reinforce Aramco’s supply chain and result in the development […] November 22, 2022 Sustainability Saudi climate chief says on track to meet net-zero pledge by 2060 Saudi Arabia will meet its net-zero pledge by 2060, although global technologies have not fully “matured”, Arab News reported, citing Saudi chief climate change negotiator Khalid Abuleif. He said that the kingdom is in a great position to meet the short- and long-term goals of 2030 and 2060. Abuleif stated that the country could achieve […] November 21, 2022 Banking & Finance School operator Taaleem up next in string of Dubai IPOs UAE schools operator Taaleem Holdings is the latest in Dubai’s string of initial public offerings (IPOs) as the emirate continues to open up key state-owned assets for investment. Dubai’s privatisation drive this year to raise revenue and boost investor interest includes the listing of 18 percent of utility company Dewa on the Dubai Financial Market. It […] November 18, 2022 Energy Aramco affiliate to build $7bn steam crackers in South Korea Saudi Aramco will develop one of the world’s largest refinery-integrated petrochemical steam crackers through its S-OIL affiliate in South Korea, the company said in a statement. The $7 billion Shaheen project aims to convert crude oil into petrochemical feedstock, representing the first commercialisation of Aramco and Lummus Technology’s TC2C thermal crude to chemicals technology that […] November 17, 2022 Analysis Banking & Finance Oman banks ink deal as Mena mergers defy global headwinds HSBC Bank Oman and local rival Sohar International Bank have entered into a binding agreement to consolidate operations as merger and acquisition activity in the Middle East and North Africa (Mena) continues to defy global headwinds. The two lenders said on Wednesday that all assets and liabilities of HSBC Oman will be transferred to Sohar […] November 16, 2022 Posts navigation Previous 1 … 44 45 46 … 52 Next
Banking & Finance Saudi firms partner to boost SME involvement in supply chains Banque Saudi Fransi has formed a tie-up with Saudi Aramco-backed fintech firm Lamaa pledging to develop products and services to aid supply chain management and cut costs. Under a memorandum of understanding signed on Wednesday, the two companies agreed to collaborate to develop, evaluate and launch “supply chain solutions” that will streamline the process for […] December 7, 2022
Analysis Energy Adnoc chasing global growth with latest venture Abu Dhabi National Oil Company (Adnoc) is creating a dedicated unit for low carbon solutions and international business. It is an attempt to monetise the decarbonisation strategy mandated to it by its board and the wider UAE government. But the company must ensure that any future overseas work does not cannibalise that of the Abu […] December 7, 2022
Energy Saudi Aramco discovers two natural gas fields Saudi Aramco has discovered two new natural gas fields, Awtad and AlDahna, in the country’s eastern region, state news agency SPA reported, citing energy minister Prince Abdulaziz bin Salma. Awtad was discovered southwest of the Ghawar field while AlDahna was discovered 230 kilometres southwest of Dhahran. Prince Abdulaziz said these discoveries will increase Saudi Arabia’s natural gas […] December 1, 2022
Energy Saudi Arabia ships world’s first consignment of blue ammonia Saudi Arabia has shipped 50 kilometre-tonnes (kmt) of low-carbon blue ammonia to South Korea, representing a new landmark in the development of decarbonisation solutions. Vessel Seasurfer, carrying 25 kmt of certified low-carbon “cradle-to-gate” blue ammonia, is expected to reach its destination between December 9 and 13, marking the world’s first commercial shipment of its kind, […] November 29, 2022
Energy SABIC and Aramco plan crude into petrochemicals projects Saudi Basic Industries Corporation (SABIC) and Saudi Aramco are planning a joint project to convert crude into petrochemicals in Ras Al Khair, Reuters reported, citing energy minister Prince Abdulaziz bin Salman. The project, which will be the first of its kind in Saudi Arabia, will be completed in the coming years and have a capacity […] November 24, 2022
Analysis Energy Saudi Aramco inks $11bn deal to create 5,000 supply chain jobs Saudi Aramco signed agreements with dozens of manufacturers on Tuesday, with potential to create 5,000 new jobs in the kingdom over the next decade as the energy major looks to boost local capabilities. The 59 corporate procurement agreements (CPAs), valued at $11 billion, are expected to reinforce Aramco’s supply chain and result in the development […] November 22, 2022
Sustainability Saudi climate chief says on track to meet net-zero pledge by 2060 Saudi Arabia will meet its net-zero pledge by 2060, although global technologies have not fully “matured”, Arab News reported, citing Saudi chief climate change negotiator Khalid Abuleif. He said that the kingdom is in a great position to meet the short- and long-term goals of 2030 and 2060. Abuleif stated that the country could achieve […] November 21, 2022
Banking & Finance School operator Taaleem up next in string of Dubai IPOs UAE schools operator Taaleem Holdings is the latest in Dubai’s string of initial public offerings (IPOs) as the emirate continues to open up key state-owned assets for investment. Dubai’s privatisation drive this year to raise revenue and boost investor interest includes the listing of 18 percent of utility company Dewa on the Dubai Financial Market. It […] November 18, 2022
Energy Aramco affiliate to build $7bn steam crackers in South Korea Saudi Aramco will develop one of the world’s largest refinery-integrated petrochemical steam crackers through its S-OIL affiliate in South Korea, the company said in a statement. The $7 billion Shaheen project aims to convert crude oil into petrochemical feedstock, representing the first commercialisation of Aramco and Lummus Technology’s TC2C thermal crude to chemicals technology that […] November 17, 2022
Analysis Banking & Finance Oman banks ink deal as Mena mergers defy global headwinds HSBC Bank Oman and local rival Sohar International Bank have entered into a binding agreement to consolidate operations as merger and acquisition activity in the Middle East and North Africa (Mena) continues to defy global headwinds. The two lenders said on Wednesday that all assets and liabilities of HSBC Oman will be transferred to Sohar […] November 16, 2022
