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Saipem and Saudi construction company Nasser S. Al Hajri Corporation have signed a deal with Saudi Aramco to set up a new entity in the kingdom to execute onshore engineering, procurement and construction (EPC) projects, Zawya reports. The signatories have Read more
Saudi Arabia’s agriculture technology startup Red Sea Farms said on Monday it had raised an additional $18.5 million to help expand its fresh produce line and also to sell its technology to users in harsh, water scarce environments, Arab News Read more
The Capital Market Authority (CMA) of Saudi Arabia has validated that capital increase by $4 billion of the country’s largest company Aramco through the issuance of bonus shares, Zawya reports. The CMA, media reports, has issued its resolution approving Saudi Read more
Saudi Arabian oil giant Aramco will invest in the development of a major integrated refinery and petrochemical complex in Northeast China, Zawya reports. Huajin Aramco Petrochemical Company (HAPCO), a joint venture between Aramco, North Huajin Chemical Industries Group Corporation and Read more
Saudi Aramco has discovered natural gas fields in four regions of the kingdom according to the country’s Energy Minister Prince Abdulaziz bin Salman. The discovery, according to the minister, was made in Shadoon, in the central region, Shehab and Shurfa, Read more
Saudi Arabia’s Aramco and world’s largest oil exporter has acquired 7.5 per cent of Norwegian industrial software group Cognite in return for investment estimated at about $113 million. The Saudi energy giant takes full control of oil firm Aker BP’s Read more
Prosperity7 Ventures, the investment vehicle of Saudi Arabia’s largest state-run company has invested in Chinese medical rehabilitation robot firm Fourier Intelligence as part of the startup’s Series C+ funding round, Zawya reports citing the Chinese company. “All proceeds will go Read more
Red Sea Farming, a Saudi agriculture technology startup said Monday it raised $10 million in seeds round to be used for the expansion in the region and for improving facilities. The investors include Saudi Aramco’s (2222.SE) entrepreneurship arm Wa’ed, the Read more
Saudi Arabia, the world’s largest exporter of crude, discovered four new oil and gas fields, the kingdom’s minister of energy Prince Abdulaziz bin Salman bin Abdulaziz said on Sunday. State oil firm Saudi Aramco discovered 4,452 barrels of unconventional oil Read more
Saudi Arabia’s energy giant has discovered two oil and gas fields in the northern regions of the Gulf country. The oil field, according to Energy Minister Prince Abdulaziz bin Salman Al-Saud, lies to the south east of the northern city Read more