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Former Saudi envoy to Washington Prince Bandar bin Sultan has been named the new chief of the Kingdom’s intelligence agencies, replacing Prince Muqrin bin Abdulaziz who has been criticized lately for his handling of some sensitive issues. Prince Muqrin becomes Read more
Saudi Arabia, one of the oil-rich Gulf Arabian monarchies, mulls building a landmark mangrove eco-park, first of its kind in the region. This environment friendly project, spearheaded by Saudi Aramco Company, the world wealthiest firm, will serve as a breeding Read more
Alstom Thermal Power, an affiliate of French energy group Alstom, has won a $ 122 million contract to provide the steam tail for a gas-fired power plant under construction in Saudi capital of Riyadh. The PP12 plant, to be operational Read more
The kingdom of Saudi Arabia has scolded Russia and advised it to avoid distractions as the case of Syria worsens. In a statement designed as a response to Russia’s envoy for human rights in its foreign ministry, Konstantin Dolgov, the Read more
Saudi Arabia has seen the largest demonstration after the shooting and arresting of Sheikh Nimr al-Nimr, a prominent Shia cleric and anti-government activist, since the November and December ones. The event happened in the eastern city of Qatif during the Read more
Following the Final Communiqué of world powers during the week end in Geneva, Saudi Arabia which was absent at the meeting has urged the world to stand against Assad. In a released statement after a usual weekly cabinet meeting which Read more
The National Shipping Company of Saudi Arabia (Bahri) is set to become the fourth largest owner of very large crude carrier (VLCC) if a proposed merger of fleets and operations between them and Saudi Aramco’s own subsidiary called Vela International Read more
According to industry sources familiar with the Rabigh II petrochemical expansion project, a deal is in the pipeline and will be concluded before the end of the month between the Saudian-based Oil Company, Aramco, and Sumitomo Chemical from Japan. The Read more
Sadara is a petrochemical joint venture between oil giant Saudi Aramco and Dow Chemical. Sadara will soon announce a Sukuk project according to close sources. There are claims that the move is in line with Sadara’s bid to raise billions Read more
Saudi Arabia economy is expected grow by 6 pc in 2012 from 7.1 pc increase posted last year, says the International Monetary Fund in its latest annual review of the world major oil exporter and producer. The private sector will Read more