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Galfar Engineering and Contracting will carry out Refinery procurement and construction (EPC) works at Duqm Refinery after project owners, Petrofac-Samsung JV, have picked the Omani company for the job. Operation will cost $50.6 million. The subcontract defines Galfar as for Read more
Saudi Arabia Wednesday awarded three contracts worth $14 billion for the expansion and the modernization of its railway network after the inauguration last month of its first high speed train, Haramain. The first Land Bridge project, worth $10.6-billion, will link Read more
Around 14 million people in Yemen, or half the total population of the country, are facing “pre-famine conditions,” said the UN Under-Secretary-General for Humanitarian Affairs, in a briefing to the Security Council on Tuesday. Mark Lowcock, who is also Emergency Read more
The Saudi Ma’aden (Arabian Mining Company) has picked South Korea’s Daelim Industrial Company to build the first plant of its phosphate complex (Phosphate 3) for a $892 million investment. The agreement signed between the two entities will tussle the kingdom Read more
US trade value in Kuwait last year rose to $5.2 billion whereas Kuwait trade from the Gulf country hit $3 billion, a US official says. “Our US trade of goods to Kuwait was over $5.2 billion in 2017. US services Read more
Turkish President Recep Tayyip Erdogan Tuesday told the parliamentary group of his party Justice and Development (AK) that the death of the Saudi journalist Jamal Khashoggi was “planned” and the Saudi kingdom should reveal where his body is and send Read more
Abu Dhabi-based Etihad Airways has announced it has agreed with the Saudi national carrier Saudia to cooperate in the area of route codesharing and cargo as well as giving engineering service to the Saudi airline. Under the agreement, Etihad will Read more
Bahrain hosts next week a key summit of the World Tourism Organization (WTO) to discuss the sector’s development for the coming two years, reports say. Bahrain Tourism and Exhibitions Authority (BTEA) is host of the event, which will take place Read more
“Davos in the desert” investment summit is expected to go ahead in capital Riyadh Tuesday as planned despite the boycott of the event by world leading entities and western government officials over call for transparency in investigations into the death Read more
Turkish President Recep Tayyip Erdogan Sunday said he will reveal on Tuesday “naked truth” of the investigations into the death of Saudi dissident journalist Jamal Khashoggi in the Saudi consulate in Istanbul after Saudi Arabia, following days of denials, admitted Read more