The agreement paves the way for Natixis CIB to finance approximately $2bn over two years for ACWA Power’s future project pipeline, Mepmiddleeast reports. Saudi Arabia’s ACWA Power, which is a leading developer, investor, and operator of power generation, desalinated water, and green hydrogen plants worldwide, has inked a Memorandum of Understanding (MoU) with Natixis Corporate […]
The Saudi Special Forces for Environmental Security have apprehended dozens of offenders for environmental violations as part of a recent crackdown, Arab News reports. Under the command of the Ministry of Interior, the forces arrested individuals who illegally moved sand and soil in Jeddah and Tabuk. People who illegally entered the Imam Turki bin Abdullah […]
The signing of new investment deals reportedly worth $30 billion between Saudi Arabia and Oman is no doubt a positive development for solidifying cooperation between the member countries of the Gulf Cooperation Council. Yet the first questions that spring to mind are: Why Oman and why now? Let’s find the answer together with Arab News. […]
Saudi Arabian authorities have conducted their biggest campaign against camel beauty contestants receiving Botox injections and other artificial touch-ups, the state-run Saudi Press Agency reported on December, 8. Cosmetic alterations to make the animals more attractive are strictly prohibited in the country. More than 40 camels have been disqualified from the annual King Abdulaziz Camel […]
Saudi Aramco CEO Amin Nassir on Monday rejected what he called a “deeply assumption” that the entire world can run on alternatives and the vast global energy system can be totally transformed, virtually overnight, Arab News reports. He was speaking at a global energy conference devoted to future technologies and low-carbon strategies in Houston. The […]
Saudi Aramco’s award of $10 billion worth of contracts on its giant Jafurah project has finally fired the starting gun to develop what is thought to be the world’s biggest shale gas field outside of the US, Arab News reports. Having battled with America’s shale oil producers for market share over the last decade, the […]
Saudi Arabia’s smart city NEOM has hosted its first UK roadshow event in London to promote investment opportunities, Arab News reports. It was attended by over 250 leaders from the country’s business, financial, environmental and political circles. Launched by Saudi’s ambassador to the UK, the Discover NEOM event included presentations, panels and an exhibition of […]
Saudi Arabia’s oil giant Aramco has announced the start of its development of its Jafurah unconventional gas field in a press event on Monday. The company’s chief executive officer, Amin Nasser, said the field, which it claims to be the largest in the world, could replace 500,000 barrels per day of oil production “at its […]
Visitors are flocking to Salam Park’s bird garden, part of Riyadh Season’s 14 zones, where colorful exotic parrots have found a new home. The zone, which opened on Nov. 19, has been well received by visitors, with thousands of people marveling at the winged creatures on display. Visitors can find more than 50 different bird […]
Saudi Arabia is taking more steps to develop and protect the Red Sea, which the Kingdom deems to be a big contributor to the growth of its tourism industry, Arab News reports. The Saudi Cabinet approved on Tuesday the establishment of a new body to protect the coral reefs and sea turtles in the Red […]
