News
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Posted On NewsEgypt signs LNG supply deals with global companies
Egypt has reportedly signed contracts to purchase additional liquefied natural gas (LNG) from global energy companies to meet peak summer electricity demand and falling domestic production. The…
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Posted On NewsSaudi and UAE oil may offset any Iran disruption, analysts say
Saudi Arabia and the UAE can potentially replace lost Iranian oil supply, but heightened military activity in the Persian Gulf will make it difficult to…
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Posted On NewsSlowdown looms for Saudi construction as PIF cuts contracts
The number of construction contracts issued by the Saudi government and the Public Investment Fund (PIF) has fallen drastically amid a decline in oil revenues and a…
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Posted On NewsSaudi Arabia and UAE set to import electricity from India
Saudi Arabia and the UAE will reportedly import electricity through undersea cables from India. The 1,700km subsea cable to Saudi Arabia will cost INR470 billion…
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Posted On NewsNigeria’s $5bn Aramco loan delayed by oil price drop
Nigeria and Saudi Arabian oil company Aramco are struggling to reach an agreement on a record $5 billion oil-backed loan after a recent decline in crude prices…
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Posted On NewsGrowth for Saudi Arabia, but challenges emerge
Saudi Arabia raised its economic growth estimate for the first quarter, driven by expansion in the non-oil sector. The General Authority for Statistics (Gastat) said on…
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Posted On NewsWork gains pace at Neom’s $8.4bn green hydrogen plant
Work on Saudi Arabia’s Neom green hydrogen project is 80 percent complete, with renewable energy production set to start next year, the developer behind the plans has…
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Posted On NewsSaudi Arabia demands more from global asset managers
International asset managers looking to raise funds in Saudi Arabia can no longer do so as easily without establishing a presence in the kingdom and…
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Posted On NewsSport Clubs announces IPO subscription date
Institutional investors will be able to start subscribing to the Riyadh-based Sport Clubs Company’s initial public offering (IPO) from June 22. The subscription period will…
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Posted On NewsTwo IPOs scrapped on Saudi Arabia’s junior market
Two planned initial public offerings (IPOs) on Saudi Arabia’s junior stock market have been scrapped. Yaqeen Capital and Watheeq Capital, the respective lead managers and…
Liyana Parker
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