Saudi Crown Prince to Al-Azhar Sheikh: Muslims count on their institutes

:: Saudi Crown Prince Mohammed bin Salman told Al-Azhar’s Sheikh Ahmed Al-Tayeb that Muslims count on Islamic institutes in More »

Saudi Arabia announces Eid will begin on Sunday

:: Sunday, June 25, is the first day of Eid Al-Fitr in Saudi Arabia after reported sightings of the More »

UAE: Attack attempt in Saudi bolsters our will to eliminate terrorism

:: UAE’s Minister of Foreign Affairs and International Cooperation Abdullah bin Zayed bin Sultan Al Nahyan said Saturday that More »

Iraqi PM says Mosul ‘liberation’ will be declared in a few days

:: The “liberation” of the city of Mosul from ISIS will be announced in a few days, Iraqi Prime More »

Mohammed bin Salman contributes SAR 20 mln to Saudi prisoner release campaign

:: Saudi Crown Prince Mohammed bin Salman has donated a sum of 20 million Saudi riyals for a campaign More »

 

Category Archives: Energy

Saudi Aramco signs deal with foreign, local firms to build huge shipyard

:: Saudi Aramco said on Wednesday it had signed a joint venture agreement with three firms to build a shipyard on the kingdom’s east coast, part of

Saudi Aramco takes ownership of the largest US oil refinery

:: Saudi Aramco now officially owns the largest oil refinery in America and the 600,000 barrels processed per day in Texas, a news report has revealed. According

Saudi Aramco CEO says oil market rebalancing after OPEC-led cuts

Amin Nasser

The oil market is moving towards a balance between supply and demand with the help of an agreement reached between OPEC and other producers to cut production,

Iran boosts gas production from underwater field

Iran’s President Hassan Rouhani inaugurated five new phases of the South Pars gas field on Sunday, the result of some $20 billion in investment, local media reported.

Saudi Arabia, UAE to look for joint strategic partnerships: Falih

Saudi Minister of Energy, Industry and Mineral Resources Khalid Al Falih said Saudi Arabia and the UAE have agreed to look for joint strategic partnerships at a

To enhance transparency, OPEC and UAE to launch oil and gas database

OPEC and the United Arab Emirates’ ministry of energy will next week launch the first phase of a new global oil and gas database project aiming to

Iran struggles to expand oil exports as sea storage cleared

Iran has sold all the oil it had stored for years at sea and Tehran is now struggling to keep exports growing as it grapples with production

Saudi Aramco raises $3 bln with debut sukuk – sources

Saudi Aramco has raised $3 billion (11.25 billion riyals) in its debut sukuk issuance, sources familiar with the matter said on Wednesday. The Islamic bond, part of

World Bank urges more investment for developing global electricity

Global efforts to provide universal access to electricity, develop more renewable energy sources and increase efficiency are not on track to meet a target date of 2030,

Saudi Aramco formally appoints banks to advise on share sale

Saudi Aramco has formally appointed JPMorgan Chase & Co, Morgan Stanley and HSBC as international financial advisers for its initial public offering, sources familiar with the matter

Mitsubishi UFJ optimistic on Saudi project finance, Aramco IPO role

Mitsubishi UFJ Financial Group (MUFG) expects double-digit growth in its project finance business in the Middle East in 2017, driven partly by Saudi Arabia’s efforts to reduce

S. Africa’s Gordhan ordered home from London

Pravin Gordhan

Finance Minister Pravin Gordhan is set to return to South Africa early on Tuesday after being ordered home from London by President Jacob Zuma, hours before a

Canada eyes Asia for oil exports

Canada’s natural resource minister said Saturday despite the approval of Keystone XL pipeline, his government remains determined to diversify its oil exports beyond the US. The minister,

India tries to fix Iran trade payments as Trump hardens line

India is exploring setting up a new payments mechanism for trade with Iran, after its old sanctions workaround broke down, as state banks remain fearful of handling

Dubai harvests desert sun at vast solar plant

Dubai on Monday completed a solar plant big enough to power 50,000 homes as part of a plan to generate three-quarters of its energy from renewables by

Scots weigh economic uncertainty of independent future

The prospects for Scotland’s economy after Brexit are at the heart of the battle between its pro-independence first minister and British Prime Minister Theresa May, who wants

Oil prices extend gains after drop in US stockpiles

Crude oil prices rose on Thursday to extend gains from the previous session after official government data showed US stockpiles had eased from record highs. Prices surged

Saudi energy minister keeping close eye on US oil producers

Khalid Al-Falih, minister of energy, industry and mineral resources says the Organization of the Petroleum Exporting Countries’ (OPEC) production cuts are working to bolster crude prices and

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