Breaking News Archives
| Posted | Title |
| 6/4/2013 |
Al Jazirah Vehicles Agencies Co. Named World's Largest Ford Expedition Dealer (more) |
| 6/4/2013 |
Alcoa and Ma’aden Complete Water Conservation System (more) |
| 6/4/2013 |
Kanoo ISO Certification Renewed (more) |
| 6/4/2013 |
Saudi Aramco Production up to 9.506 Million Barrels in 2012 (more) |
| 6/4/2013 |
Zamil Joint Venture Inaugurates New Factory (more) |
| 6/4/2013 |
Zamil Unit Wins $54Million Deal for Ras Al-Khair Plant (more) |
| 5/22/2013 |
Aetna, Tawuniya Enter Strategic Alliance (more) |
| 5/22/2013 |
Bahri Recognized as One of the Top Arab Companies (more) |
| 5/22/2013 |
Boeing Delivers First 777-300ER to Saudia (more) |
| 5/22/2013 |
Elaf Group Receives Two Prestigious Awards at Saudi Travel and Tourism Market 2013 (more) |
| 5/22/2013 |
NCB Strong Ratings Affirmed by Capital Intelligence (more) |
| 5/22/2013 |
Saudi Aramco Upgrades Gas/Oil Separation Plant with GE's Advanced Compressor Control Technology (more) |
| 5/22/2013 |
Savola Receives top Award by Forbes Middle East (more) |
| 5/22/2013 |
SEC Awards $266 Million Contract to Siemens Energy (more) |
| 5/16/2013 |
Al Faisaliah Group, Vamed Engineering Sign MOU (more) |
| 5/16/2013 |
Saudi Aramco, Exxon Bring New Clean Fuels Project Online at Yanbu Refinery (more) |
| 5/16/2013 |
Sipchem Starts Production at New Plant (more) |
| 5/16/2013 |
Wa’ed Entrepreneurs Network Set (more) |
| 5/8/2013 |
Al Faisaliah Group, Royal Philips Open JV in Saudi Arabia (more) |
| 5/8/2013 |
Saudi Aramco to Open Research Centers in the U.S. (more) |
| 5/2/2013 |
Bahri Adds New Ship to Cargo Fleet (more) |
| 5/2/2013 |
Boeing Unveils First F-15SA (more) |
| 5/2/2013 |
SABIC Awarded For Extraordinary Achievement In Building Global Business (more) |
| 5/2/2013 |
Zamil Enters Agreement to Hire New Saudi Graduates (more) |
| 5/1/2013 |
Al-Rushaid Construction Wins Ma’aden Award (more) |
| 5/1/2013 |
IBM Successfully Implements MOH Cloud-based System (more) |
| 5/1/2013 |
NCB Awarded ‘Best Customer Affinity Program Management Award’ by MasterCard (more) |
| 5/1/2013 |
Saudi Aramco Extends Engineering Contract With WorleyParsons (more) |
| 4/24/2013 |
SEC Awards $120 Million Power Transformers Contract to ABB (more) |
| 4/23/2013 |
WorleyParsons Awarded $125 Million Saudi Power Deal (more) |
| 4/22/2013 |
Al-Tayyar Travel Group Renews Partnership with Amadeus (more) |
| 4/22/2013 |
Boeing Awarded a $6.7 Million Defense Contract by Saudi Arabia (more) |
| 4/22/2013 |
National Commercial Bank Wins CSR Award (more) |
| 4/22/2013 |
Zahid, Caterpillar Sign Worldwide Power Rental Deal (more) |
| 4/18/2013 |
Effat University Signs Cooperative Agreement with Syracuse University (more) |
| 4/18/2013 |
Raytheon Awarded $8.6 Million for AIM-9X Support in Saudi Arabia (more) |
| 4/16/2013 |
Saudi Aramco Starts Pumping from Manifa Oil Field ahead of Schedule (more) |
| 4/15/2013 |
Saudia Signs MOU with Cisco to Establish a Networking Academy in KAEC (more) |
| 4/10/2013 |
SABIC, MIT Sign Research Agreement (more) |
| 4/9/2013 |
Saudi Aramco, Ministry of Education Partner to Develop Education (more) |
| 4/5/2013 |
Sadara Chemical Company Transaction is Awarded Ex-Im Bank Deal of the Year (more) |
| 4/4/2013 |
General Dynamics Corp. Wins $40 Million Saudi Contract (more) |
| 4/3/2013 |
Juffali Automotive, Key Rent-A-Car Sign Mercedes-Benz Agreement (more) |
| 4/3/2013 |
NCB and REDF Sign First MOU for Real Estate Additional Loan Program (more) |
| 4/1/2013 |
SEC Awards Contract to Bahra Cables (more) |
| 3/27/2013 |
Saudia Cargo Adds Two Aircraft to Fleet (more) |
| 3/19/2013 |
SABIC, Ma’aden, and The Mosaic Company Agree to Joint Venture (more) |
| 3/14/2013 |
New SABIC Products to Transform Saudi Pipeline Sector (more) |
| 3/13/2013 |
Governor of Jeddah Inaugurates Nesma Training Center (more) |
| 3/13/2013 |
Ma’aden Awards $267 Million for Jubail Housing Project (more) |
| 3/13/2013 |
Saudia and SAP Combat Youth Unemployment (more) |
| 3/12/2013 |
Lockheed Martin Signs $253 Million Deal for Air Force Training (more) |
| 3/12/2013 |
Saudi Aramco Acquires Gasification Technology for Jizan Power Project (more) |
| 3/12/2013 |
The Saudi Investment Bank Signs Prepaid Card Agreement (more) |
| 3/12/2013 |
U.S. Attorney General Meets with Crown Prince and Minister of Justice in Riyadh (more) |
| 3/7/2013 |
Saudi Arabian Monetary Agency to Allow Foreign Financing of Real Estate Projects (more) |
| 3/7/2013 |
Saudi Aramco Discovers Natural Gas in Red Sea Wells (more) |
| 3/7/2013 |
Saudi Electric Company Boosting Power Grid (more) |
| 3/4/2013 |
Secretary of State Kerry Visits Saudi Arabia on Inaugural Trip Abroad (more) |
| 3/1/2013 |
Pfizer Establishing Pharmaceutical Factory in KAEC (more) |
| 2/28/2013 |
Bahri Adds Florida to Shipping Route (more) |
| 2/26/2013 |
KACARE Launches Competitive Procurement Program (more) |
| 2/25/2013 |
Aujan, Coca-Cola Partnership Forges New Companies (more) |
| 2/25/2013 |
Bahri Announces Positive Financial Results for 2012 (more) |
| 2/25/2013 |
Ma'aden Commissions Hanwha to Build New Gold Mine (more) |
| 2/20/2013 |
Aljomaih Renews ISO Certification (more) |
| 2/20/2013 |
KAUST Appoints New President (more) |
| 2/20/2013 |
SAMA Releases 48th Annual Report (more) |
| 2/19/2013 |
Booz Allen Hamilton to Support Business and Economic Growth in Saudi Arabia (more) |
| 2/14/2013 |
Prince Khalid Bin Bandar Named Governor of Riyadh (more) |
| 2/13/2013 |
Jacobs Awarded PMC Contract in $1 Billion Refinery Project (more) |
| 2/13/2013 |
Minister Al-Rabiah Inaugurates Joint Venture Factories (more) |
| 2/12/2013 |
Governor of Riyadh H.R.H. Prince Sattam Dies (more) |
| 2/12/2013 |
Saudi Arabia Appoints New Head of Supreme Economic Council (more) |
| 2/12/2013 |
Saudi Arabian Airlines and Lockheed Martin Sign Collaborative Memorandum (more) |
| 2/7/2013 |
Saudi Aramco Launches iSpark Mobile to Promote STEM (more) |
| 2/6/2013 |
Saudi Assets Increase by $114 Billion in 2012 (more) |
| 2/5/2013 |
CAT Dealer Zahid Tractor Signs Up for Infor System (more) |
| 2/5/2013 |
Saudi Arabia Appoints New Chairman of CMA (more) |
| 2/4/2013 |
GE Global Survey Finds Innovation Key to Success in Saudi Arabia (more) |
| 2/4/2013 |
Lockheed Martin Opens New Headquarters in Saudi Arabia (more) |
| 2/3/2013 |
Saudi Aramco, SABIC rank on Boston Consulting Group’s ‘100 Global Challengers’ List (more) |
| 2/1/2013 |
King Abdullah Appoints H.R.H. Prince Muqrin as Second Deputy Premier (more) |
| 1/31/2013 |
SABIC Offers Scholarships to Gifted Students (more) |
| 1/30/2013 |
Al-Tayyar Travel Group Signs Multi-year Deal to Promote Tourism (more) |
| 1/30/2013 |
U.S., Saudi Arabia Sign Travel Agreement, Strengthen Security and Partnership (more) |
| 1/29/2013 |
New Projects Position Saudi Aramco as Leader in Sustainable Development (more) |
| 1/29/2013 |
SABIC Announces Plan to Launch Four New Technology Facilities in 2013 (more) |
| 1/22/2013 |
SEC Awards Five Construction Contracts in East Province (more) |
| 1/16/2013 |
SABIC, KACST Sign MoU to Establish Collaborative Scientific Research (more) |
| 1/15/2013 |
Saudi Interior Minister Meets President Obama in White House (more) |
| 1/14/2013 |
Saudi Arabia Appoints New Governors in Madinah and the Eastern Province (more) |
| 1/9/2013 |
General Dynamics Wins $132.7 Million Contract (more) |
| 1/8/2013 |
Zamil, Huntsman Joint Venture Wins ISO Certification (more) |
| 1/3/2013 |
Fluor Wins $72 Million Railway Contract for Saudi Landbridge Project (more) |
| 1/2/2013 |
SABIC Affiliates Sign MOU for New Petrochemical Plant (more) |
| 1/2/2013 |
Saudi Arabia to Establish World’s Largest Butanol Plant (more) |
| 12/29/2012 |
Saudi Arabia’s 2013 Budget Continues Focus on Investment (more) |
| 12/12/2012 |
Ma’aden, Alcoa Joint Venture Reaches Milestone in Smelter Project (more) |
| 12/6/2012 |
Saudi Polymers Company Begins Commercial Production (more) |
| 12/3/2012 |
NCB Launches New IT Academy Program in Collaboration with HP (more) |
| 12/2/2012 |
Ma’aden, Fluor, and Bechtel Sign $260 Million Deal (more) |
| 11/27/2012 |
Saudi Ministry of Defense Awards $600 Million Contract to Raytheon (more) |
| 11/20/2012 |
Bahri Receives Euromoney 2012 Award for Transport & Shipping Sector (more) |
| 11/20/2012 |
Saudi Aramco Signs GES Plus Deal with WorleyParsons (more) |
| 11/13/2012 |
Saudi Arabia’s Foreign Assets Increase by $70.8 Billion in 8 Months (more) |
| 11/7/2012 |
Saudi Aramco Signs Contract with Saudi Ports Authority (more) |
| 11/6/2012 |
SABIC Ratings Affirmed at A1 by Moody’s (more) |
| 11/6/2012 |
Saudi Aramco Awards McDermott Cable Installation Project (more) |
| 11/5/2012 |
Saudi Arabia Appoints New Interior Minister (more) |
| 10/25/2012 |
Saudi Arabia Ranks among the Top 25 Most Business-Friendly Economies in the World (more) |
| 10/20/2012 |
Annual Inflation Rate in Saudi Arabia Falls to Three-Year Low (more) |
| 10/16/2012 |
Emerson Partners with KFUPM to Create a Technology and Innovation Center (more) |
| 10/15/2012 |
Foster Wheeler Awarded Sadara Packaging Center Contract (more) |
| 10/13/2012 |
Honeywell Opens First Research and Training Center in Kingdom (more) |
| 10/11/2012 |
Boeing Appoints New Vice President for Defense Business in Saudi Arabia (more) |
| 10/10/2012 |
Kingdom Holding Awards Contracts Worth $98 Million (more) |
| 10/10/2012 |
Saudi Aramco Discovers New Gas Field in Red Sea (more) |
| 10/10/2012 |
Squire Sanders Expands Presence in Saudi Arabia (more) |
| 10/10/2012 |
Dow, Sadara Sign Marketing and Sales Agreement (more) |
| 10/3/2012 |
Jacobs’ Project Management Contract is Extended by Marafiq (more) |
| 10/1/2012 |
FMS, Philips Start Saudi Healthcare Joint Venture (more) |
| 10/1/2012 |
GE Invests $1 Billion in Innovation, Healthcare, Energy Initiatives to Support Saudi Development (more) |
| 10/1/2012 |
Saudi Binladin Awarded Jubail Desalination Contract (more) |
| 10/1/2012 |
SEC Awards $111 Million Substation Contract to Al-Toukhi Co. (more) |
| 9/28/2012 |
U.S. Export-Import Bank Approves $5 Billion Loan to Jubail Industrial City II (more) |
| 9/28/2012 |
USTR Signs Agreement with GCC Countries to Strengthen Economic Ties (more) |
| 9/27/2012 |
GE Receives New Orders Worth $1.2 Billion (more) |
| 9/27/2012 |
Saudi Binladin Signs Contract for Haram Expansion Project in Makkah (more) |
| 9/26/2012 |
Ma’aden, Missouri S&T, Immersive Technologies to Establish Saudi Mining Polytechnic (more) |
| 9/25/2012 |
Al-Muhaidib Awarded $178 Million in Contracts by NWC (more) |
| 9/19/2012 |
Aujan Completes $453 Million Financing Deal (more) |
| 9/19/2012 |
Saudi Aramco Completes Commissioning of Karan Gas Lines (more) |
| 9/18/2012 |
U.S.-Saudi Bilateral Trade Hits Record High (more) |
| 9/17/2012 |
Dow and SWCC Sign Commercial Agreement for Desalination Technologies (more) |
| 9/13/2012 |
Saudi Inflation Drops to 3.8 Percent for August (more) |
| 9/11/2012 |
Ministry of Health Collaborates with IHME to Install a Health Tracking System (more) |
| 9/11/2012 |
Oliver Wyman and Riyad Bank Appointed as Consultants for Nuclear Program (more) |
| 9/10/2012 |
GE Healthcare Appoints New CEO in Saudi Arabia (more) |
| 9/7/2012 |
KAUST Awards $14 Million Contract for SWRO Plant (more) |
| 9/7/2012 |
SEDCO Launches Corporate Social Responsibility Program (more) |
| 9/6/2012 |
Kingdom Ranked 18th in Global Competitiveness (more) |
| 8/28/2012 |
Al-Khodari Wins $64 Million Waste Management Contract (more) |
| 8/28/2012 |
Zamil Training Receives HRDF Accreditation (more) |
| 8/27/2012 |
Saudi Aramco Signs New Contract with Saudi Steel Pipe worth $57 Million (more) |
| 8/26/2012 |
Zamil Offshore Delivers New Tugboats to Saudi Ports Authority (more) |
| 8/20/2012 |
Kingdom Tower Landscaping Awarded to U.S. Firm (more) |
| 8/17/2012 |
Al Faisaliah Opens Sony World in Jizan (more) |
| 8/14/2012 |
Boeing Holds Leadership Development Program for Saudi Students (more) |
| 8/14/2012 |
SEC Awards Contracts to Increase Power Supply (more) |
| 8/13/2012 |
NCB Pioneers Shariah-Compliant Airport Financing (more) |
| 8/13/2012 |
BAE Systems Invests $17 Million in Saudi Aircraft Maintenance Capability (more) |
| 8/13/2012 |
Saudi Inflation Drops to Lowest Rate in Three Years (more) |
| 8/9/2012 |
Saudi Airlines Cargo to List U.S. Origin Rates on AFRA (more) |
| 8/8/2012 |
Saudi Binladin Group Sells $267 Million Short-term Sukuk (more) |
| 8/6/2012 |
Bahri Begins Importing Grain (more) |
| 8/6/2012 |
IBM Wins Mobily IT Work (more) |
| 8/1/2012 |
Aloca, Ma’aden Award Contract to Fluor (more) |
| 8/1/2012 |
Booz Allen Hamilton Wins Saudi Navy Contract (more) |
| 7/30/2012 |
Blackboard Chosen as Strategic Partner for Saudi Electronic University (more) |
| 7/26/2012 |
Business Council Delivers Webinar on Saudi Defense and Security Market (more) |
| 7/26/2012 |
New York Company Opens First Saudi Office (more) |
| 7/24/2012 |
Saudi Binladin Group Wins Railway Contract (more) |
| 7/24/2012 |
Zamil Joint Venture Wins Ministry of Defense Contract (more) |
| 7/23/2012 |
Olayan Signs Land Agreement with KAEC (more) |
| 7/23/2012 |
Saudi Aramco Awards GMSSA Three-Year Offshore Contract (more) |
| 7/19/2012 |
Prince Bandar Appointed Head of Saudi Intelligence (more) |
| 7/19/2012 |
Saudi Aramco Ranked Largest Global Oil Company (more) |
| 7/16/2012 |
Hill International Receives Project Management Contract for Medical Cities (more) |
| 7/16/2012 |
McDermott to Perform Saudi Aramco Offshore Work (more) |
| 7/15/2012 |
Arabian Bemco Awards Alstom Riyadh Power Plant Deal (more) |
| 7/15/2012 |
Ohio, Saudi Companies Partner after Trade Mission (more) |
| 7/12/2012 |
Nasair Awards Equipment Deal to Hamilton Sundstrand (more) |
| 7/11/2012 |
Raytheon, Pannesma Form Defense Joint Venture (more) |
| 7/10/2012 |
Goodrich Wins RSAF Contract (more) |
| 7/10/2012 |
Hill International Wins Project Management Contract for KAIA (more) |
| 7/10/2012 |
Saudi Inflation Drops to 4.9 Percent in June (more) |
| 7/9/2012 |
Saudi Aramco Launches New Investment Company (more) |
| 7/4/2012 |
Alfanar Installs Turbines, Closes Financing Deal (more) |
| 7/3/2012 |
Bahri Signs Financing Deal with PIF (more) |
| 7/3/2012 |
Saudi Mortgage Law Approved, Regulations under Development (more) |
| 7/3/2012 |
Zahid Tractor Achieves Global Sales Recognition (more) |
| 6/28/2012 |
SEC, Shaw Sign Service Agreement (more) |
| 6/27/2012 |
Saudi Aramco and Bahri Sign Merger Agreement (more) |
| 6/27/2012 |
NCB Capital Wins Wealth Management Award (more) |
| 6/26/2012 |
Saudi Aramco, MIT Strengthen Relationship with New MOU (more) |
| 6/26/2012 |
Shura Council Approves Draft Proposal for SMEs (more) |
| 6/26/2012 |
Jacobs, SAUDI KAYAN Sign Agreement (more) |
| 6/25/2012 |
Boeing Awarded $3.7 Billion Military Contract (more) |
| 6/25/2012 |
Chevron Phillips, Petrochem Joint Venture Starts Production (more) |
| 6/25/2012 |
KEMYA Awards Three Contracts (more) |
| 6/25/2012 |
Saudi Aramco, Sadara Sign Promotional Agreement (more) |
| 6/25/2012 |
Alrabiah Wins Best Practices Award (more) |
| 6/24/2012 |
SIPCO Named PepsiCo “Bottler of the Year” (more) |
| 6/22/2012 |
New Maintenance Facility for Military Aircraft Opens (more) |
| 6/21/2012 |
Saudi Ceramics Company to Build New Factory (more) |
| 6/20/2012 |
Georgia Colleges Sign Agreement to Build Institute in Abqaiq (more) |
| 6/19/2012 |
SBM Creates Internal Network for Ministry of Justice (more) |
| 6/18/2012 |
Baker & McKenzie Advises Dow on Project Financing (more) |
| 6/18/2012 |
Saudi Investment Bank Ratings Affirmed (more) |
| 6/16/2012 |
Crown Prince Naif Dies, Prince Salman Named as Successor (more) |
| 6/14/2012 |
U.S.-Saudi Trade Up 51 Percent through April (more) |
| 6/13/2012 |
Saudi Aramco, Dow Award Sadara Contracts (more) |
| 6/13/2012 |
SAMREF Appoints Gulf International Bank as Project Adviser (more) |
| 6/11/2012 |
KEMYA Wins 2011 Environmental Performance Award (more) |
| 6/11/2012 |
Saudi Inflation Falls to 5.1 Percent in May (more) |
| 6/10/2012 |
NATPET, A. Schulman Sign Joint Venture Deal (more) |
| 6/6/2012 |
Aramco Gulf Operations to Operate Oil Institute (more) |
| 6/6/2012 |
Gulf Capital Launches Residential Real Estate Development in Riyadh (more) |
| 6/4/2012 |
Al-Tayyar Listed on the Tadawul (more) |
| 6/4/2012 |
SABIC First to Ship Ethanolamines and Ethoxylates Chemicals (more) |
| 6/4/2012 |
Saudi Aramco, Shell Complete Port Arthur Expansion (more) |
| 6/1/2012 |
SNR Denton, Deloitte Advise on Sports Privatization (more) |
| 5/30/2012 |
IMF Article IV Consultation Predicts Saudi Economy to Remain Buoyant (more) |
| 5/30/2012 |
Olayan and Kraft Announce Dammam Plant Expansion (more) |
| 5/29/2012 |
Saudia Proceeds with Privatization (more) |
| 5/28/2012 |
Saudi Binladin Awarded $507 Million Infrastructure Contracts (more) |
| 5/24/2012 |
Samba Credit Rating Affirmed at “AA-” (more) |
| 5/24/2012 |
Saudi Electricity Company Wins “Project of the Year” Award (more) |
| 5/24/2012 |
USSABC President Speaks on U.S.-Saudi Business with KSA2 TV (more) |
| 5/23/2012 |
BAE Awarded $2.5 Billion Saudi Contract (more) |
| 5/21/2012 |
Bemco Awarded $1.25 Billion Power Plant Deal (more) |
| 5/21/2012 |
General Electric Signs Agreement to Train Saudi Graduates (more) |
| 5/18/2012 |
Abdullatif Al-Othman Appointed Governor of SAGIA (more) |
| 5/17/2012 |
Bechtel Awarded Prefeasibility Study for Ma’aden Smelters (more) |
| 5/16/2012 |
Kingdom Holding Awards Kingdom Riyadh Land Project to STC (more) |
| 5/15/2012 |
Mustang Awarded Saudi Aramco Gas Field Design (more) |
| 5/11/2012 |
Saudi Inflation Drops to 5.3 Percent (more) |
| 5/10/2012 |
Olayan Opens Largest Burger King Restaurant in Saudi Arabia (more) |
| 5/7/2012 |
Makkah Clock Royal Tower Wins WTA Award (more) |
| 5/7/2012 |
SATORP, Samba Sukuk Named “Deal of the Year” (more) |
| 5/4/2012 |
Saudi Aramco Announces New Training Program for Saudi Youth (more) |
| 5/1/2012 |
Jacobs Wins Ma’aden Phosphate City Design (more) |
| 5/1/2012 |
Saudi Aramco Partners with KACST in Nondestructive Testing (more) |
| 4/26/2012 |
BAE to Upgrade F-15s for RSAF (more) |
| 4/24/2012 |
King Abdullah Awarded UNESCO Gold Medal (more) |
| 4/24/2012 |
Shura Council Approves Food Regulations (more) |
| 4/23/2012 |
Saudi Aramco to Expand Capacity at Three Power Plants (more) |
| 4/20/2012 |
Riyadh One of Top 20 Global Retail Destinations (more) |
| 4/20/2012 |
USSABC President Speaks on U.S.-GCC Trade and Investment Panel (more) |
| 4/19/2012 |
CMA to Begin Applying New Regulations (more) |
| 4/16/2012 |
Saudi Binladin to Collaborate on World's Tallest Tower (more) |
| 4/13/2012 |
Saudi Cabinet Approves New Railway Law (more) |
| 4/12/2012 |
Juffali, Dow Open New Plant (more) |
| 4/12/2012 |
Prince Salman Meets with President Obama in Washington (more) |
| 4/11/2012 |
Saudi Inflation Holds at 5.4 Percent (more) |
| 4/10/2012 |
Saudi Arabia Issues Most GCC Sukuk in First Quarter (more) |
| 4/10/2012 |
Saudi Arabia to Implement New Commercial Arbitration Law (more) |
| 4/9/2012 |
2.5 Million Businesspeople Travel to Saudi Arabia in 2011 (more) |
| 4/6/2012 |
U.S. and Saudi Companies to Collaborate on Kidney Care (more) |
| 4/5/2012 |
King Abdullah Doubles Capital for SIDF (more) |
| 4/4/2012 |
Saudi Private Sector Invests $2.4 Billion in Social Media (more) |
| 4/3/2012 |
Fitch Rates Saudi Arabia as “AA-” with a Stable Outlook (more) |
| 3/30/2012 |
Baker & McKenzie Acts for Almarai in Sukuk Issuance (more) |
| 3/30/2012 |
Saudi Arabia Most “Economically Confident” Country in the World (more) |
| 3/30/2012 |
Secretary Clinton Meets with Saudi Officials to Launch Strategic Forum (more) |
| 3/29/2012 |
Al Jazirah Vehicles Opens New Facilities (more) |
| 3/28/2012 |
Eng. Al-Naimi: Saudi Arabia Will Act to Lower Soaring Prices (more) |
| 3/28/2012 |
Dow Signs MOU with SWCC (more) |
| 3/27/2012 |
GE Wins SEC Plant Contract (more) |
| 3/27/2012 |
Otis Elevator Awarded Six Contracts for King Abdullah Financial District (more) |
| 3/26/2012 |
NCB Announces New Alliances, New Funds (more) |
| 3/22/2012 |
SABIC Opens New Education Facility (more) |
| 3/21/2012 |
Saudi Arabia Becomes E-Government “Emerging Leader” (more) |
| 3/15/2012 |
Fluor Wins Contract from Alcoa, Ma’aden Joint Venture (more) |
| 3/14/2012 |
Saudia Cargo and the National Shipping Company Sign Agreement (more) |
| 3/12/2012 |
Saudi Inflation at 5.4 Percent for February (more) |
| 3/11/2012 |
Baker Botts Advises SEC, ACWA Power on Project Finance “Deal of the Year” (more) |
| 3/9/2012 |
Alturki Group Wins Multiple Real Estate Project Awards (more) |
| 3/5/2012 |
Hill International Wins Additional Jabal Omar Contracts (more) |
| 3/2/2012 |
Saudi Aramco, Baker Hughes Open Technology Center (more) |
| 2/24/2012 |
Zamil, U.S. Company Install X-Ray System at Dammam Port (more) |
| 2/21/2012 |
Shoaibi Group, U.S. Company Install First Rigless ESP String (more) |
| 2/21/2012 |
Zamil Joint Venture Wins Construction Contract (more) |
| 2/14/2012 |
Ministry of Health Awards $370 Million in Contracts (more) |
| 2/13/2012 |
U.S.-Saudi Trade Reaches $61.2 Billion in 2011 (more) |
| 2/13/2012 |
Foster Wheeler Wins Contract for Sadara Chemical Complex (more) |
| 2/8/2012 |
Faisaliah Medical Systems Signs Agreement with U.S. Healthcare Organization (more) |
| 2/8/2012 |
Pennsylvania-Based Medical Company Sells Products in Saudi Arabia (more) |
| 2/7/2012 |
Cisco Systems Signs Airport Technology Deal with GACA (more) |
| 2/6/2012 |
Aljomaih Automotive Named Dealer of the Year (more) |
| 2/6/2012 |
Saudi Arabia Recognized as Economic Leader by IMF Director (more) |
| 2/3/2012 |
Commercial Production of DAP Fertilizer Starts at Ras Al-Khair (more) |
| 2/1/2012 |
USSABC Supports Lockheed Martin Industry Forum in Saudi Arabia (more) |
| 1/31/2012 |
Lockheed Martin to Partner with KACST (more) |
| 1/30/2012 |
MODON Signs Power Contracts Worth $186.67 Million (more) |
| 1/30/2012 |
SAMA and CMA to Collaborate on Financial Sector (more) |
| 1/26/2012 |
GE to Establish Pharmaceutical Plant in Saudi Arabia (more) |
| 1/25/2012 |
Saudi Arabia Leads Region with $66 Billion Projects Awarded in 2011 (more) |
| 1/24/2012 |
Saudia Places $2.4 Billion Order with Boeing (more) |
| 1/23/2012 |
Saudi Arabia Among the Easiest Places to Start a Business (more) |
| 1/18/2012 |
Saudi Inflation at Four-Year Low (more) |
| 1/17/2012 |
Samba Named Best Foreign Exchange Bank (more) |
| 1/11/2012 |
Hilton to Manage Fourth Riyadh Hotel (more) |
| 1/8/2012 |
Al-Rashid Wins SR1.57 Billion NSRP Contract (more) |
| 1/3/2012 |
Parsons Wins Contract from Jeddah Municipality (more) |
| 12/29/2011 |
Saudi Arabia Unveils Record Budget for 2012 (more) |
| 12/29/2011 |
U.S. to Sell Boeing Jets to Saudi Arabia (more) |
| 12/28/2011 |
NCB Named Best Islamic Bank 2011 (more) |
| 12/20/2011 |
Kingdom Holding Invests $300 Million in Twitter (more) |
| 12/18/2011 |
Al-Muhaidib to Build Teaching Hospital in Madinah (more) |
| 12/14/2011 |
Aujan Signs $980 Million Deal with Coca-Cola (more) |
| 12/14/2011 |
King Abdullah Appoints New Ministers (more) |
| 11/30/2011 |
Alturki Achieves Trace Transparency Accreditation (more) |
| 11/30/2011 |
Ford to Open Office in Riyadh (more) |
| 11/29/2011 |
WorleyParsons Wins SPAK Gas Contract (more) |
| 11/27/2011 |
Al-Khodari Awarded Two Sewage Contracts (more) |
| 11/22/2011 |
King & Spalding Advises AlAhli on Rights Issue (more) |
| 11/21/2011 |
Saudi Inflation Drops to 5.2 Percent in October (more) |
| 11/18/2011 |
ACWA Power Closes Islamic Financing Deal with U.S. Banks (more) |
| 11/17/2011 |
SAEI Awarded Maintenance Contract for ALC Aircraft in Kingdom (more) |
| 11/16/2011 |
SPAK Given Exploration License for Kidan (more) |
| 11/15/2011 |
Sikorsky Signs Contract with Royal Saudi Land Forces (more) |
| 11/10/2011 |
Saudi Arabia’s Banking Sector Among Safest in the World (more) |
| 11/8/2011 |
Prince Salman Appointed Minister of Defense (more) |
| 11/8/2011 |
Saudi Arabia Ranks 12th Most Business-Friendly Economy in the World (more) |
| 11/2/2011 |
Jacobs Wins Contract for Soda Ash Facility in Jubail (more) |
| 11/1/2011 |
Parsons Wins Contract from Ministry of Housing (more) |
| 10/28/2011 |
Naif Named Crown Prince (more) |
| 10/26/2011 |
SABIC Receives Sustainably Award (more) |
| 10/26/2011 |
Al Faisaliah Group Forms Joint Venture with U.S. Company Accenture (more) |
| 10/26/2011 |
Crown Prince Sultan Dies (more) |
| 10/25/2011 |
Saudi Arabia’s GDP Grows 26.1 Percent Year-on-Year (more) |
| 10/25/2011 |
Joint U.S.-Saudi Mine Completed in Najran (more) |
| 10/19/2011 |
SATORP Completes $1 Billion Sukuk Issuance (more) |
| 10/18/2011 |
SEC Awards Contract for PP10 to SBG Subsidiary (more) |
| 10/17/2011 |
Sadara Chemical Awards Contract to ABB (more) |
| 10/16/2011 |
Saudi Inflation Reaches 5.3 Percent in September (more) |
| 10/16/2011 |
Knowledge Economic City and STC Sign Agreement (more) |
| 10/14/2011 |
U.S. Top Exporter to Saudi Arabia in 2010 (more) |
| 10/13/2011 |
SABIC Wins "Company of the Year" Award (more) |
| 10/13/2011 |
Shoaibi Group Opens Office with McDermott (more) |
| 10/5/2011 |
Pfizer to Build Pharmaceutical Plant in Kingdom (more) |
| 10/5/2011 |
SAUDI KAYAN Starts Commercial Production at Jubail Plant (more) |
| 10/2/2011 |
SEC Inaugurates Kingdom’s First Remotely-Installed Solar Plant (more) |
| 9/28/2011 |
KFSH and UNC Partner for Autism Research (more) |
| 9/26/2011 |
Jacobs Wins Contract from Saudi Aramco, Dow Joint Venture (more) |
| 9/26/2011 |
QInvest Begins Operations in Saudi Arabia (more) |
| 9/22/2011 |
Saudi Aramco Awards Jeddah Stadium to Al-Muhaidib Consortium (more) |
| 9/22/2011 |
SEC Awards Contract for Al-Qurayyah IPP (more) |
| 9/21/2011 |
Jacobs Wins Water Utilities Contract from Marafiq (more) |
| 9/19/2011 |
Samba Financial Group Named “Safest Bank” in Saudi Arabia (more) |
| 9/19/2011 |
GE Launches Challenge to Fight Breast Cancer in Saudi Arabia (more) |
| 9/15/2011 |
Saudi Arabia is First Country in the Gulf to Successfully Launch 4G-LTE (more) |
| 9/14/2011 |
Saudi Ceramics Completes Factory Facility (more) |
| 9/13/2011 |
Shoaibi Group Joint Venture Opens Al-Khobar Office (more) |
| 9/12/2011 |
Saudi Arabia Ranked 17th in Global Competitiveness (more) |
| 9/6/2011 |
Saudi Aramco Awards Boeing Maintenance Contract to Alsalam (more) |
| 8/31/2011 |
Jacobs Wins Second Contract for Ras Tanura Clean Fuels Projects (more) |
| 8/29/2011 |
Saudi Arabia’s Foreign Assets Reach All-Time High (more) |
| 8/25/2011 |
Tasnee Division Forms Joint Venture for Polymer Plant (more) |
| 8/24/2011 |
IMF Article IV Consultation Predicts Strong Growth for Saudi Economy (more) |
| 8/24/2011 |
KSU Named One of the World’s Top 300 Universities (more) |
| 8/19/2011 |
King Abdullah Approves Study for Makkah Techno Valley (more) |
| 8/19/2011 |
Saudi Steel Pipe Company Invests $16.3 Million to Build Polysilicon Plant (more) |
| 8/17/2011 |
Fluor Awarded EPC Contract for Polymer Plant (more) |
| 8/16/2011 |
Saudi Inflation Rises to 4.9 Percent in July (more) |
| 8/12/2011 |
MacGillivray Freeman Presents the Film Production Arabia (more) |
| 8/10/2011 |
Ma'aden, Alcoa Celebrate Two Milestones at Ras Al-Khair (more) |
| 8/9/2011 |
Al Khodari Wins $32 Million Contract for Umm Mulh Airport (more) |
| 8/9/2011 |
Hill International Awarded Contract by Saudi Interior Ministry (more) |
| 8/9/2011 |
Kingdom Holding, SBG to Build World’s Tallest Tower (more) |
| 8/8/2011 |
Fluor Wins Contract from Saudi Aramco, Dow Joint Venture (more) |
| 7/29/2011 |
SBM Named Cisco Enterprise Partner of the Year (more) |
| 7/28/2011 |
Nesma Wins Jeddah Water Infrastructure Contract (more) |
| 7/27/2011 |
Saudi Arabia is Top FDI Recipient in GCC (more) |
| 7/26/2011 |
Saudi Aramco, Dow Announce $20 Billion Joint Petrochemicals Project (more) |
| 7/22/2011 |
King Abdullah Appoints New Deputy Foreign Minister (more) |
| 7/18/2011 |
Saudi Aramco Begins Karan Gas Production (more) |
| 7/18/2011 |
Saudi Readymix Obtains OSHA Safety Accreditation (more) |
| 7/13/2011 |
NCB Listed as Middle East’s Largest Bank (more) |
| 7/13/2011 |
Saudi Government Awards $23.7 Billion in Contracts for First Half of 2011 (more) |
| 7/10/2011 |
Saudi Inflation Slightly Increases to 4.7 Percent in June (more) |
| 7/6/2011 |
Al-Tayyar Renews Agreement with Travelport (more) |
| 7/6/2011 |
NCB Named “Best Saudi Bank” (more) |
| 7/6/2011 |
VSD, Zamil Sign MOU for Maritime Training Center (more) |
| 7/5/2011 |
Saudi Arabia Tops List for Combating Illicit Trade (more) |
| 6/29/2011 |
Google, STC Sign YouTube Service Deal (more) |
| 6/28/2011 |
Jacobs Selected for Al-Marina Project (more) |
| 6/27/2011 |
Al-Tuwaijri Appointed President of the Royal Court (more) |
| 6/27/2011 |
ITT, Saudi Aramco Sign Strategic Partnership Deal (more) |
| 6/27/2011 |
KKR Receives License from the CMA (more) |
| 6/27/2011 |
Saudi Business Confidence Continues to Increase (more) |
| 6/26/2011 |
Al-Khodari Wins $15 Million Sewage Contract (more) |
| 6/22/2011 |
U.S Company Wins SATORP Contract (more) |
| 6/21/2011 |
Raytheon Upgrades Patriot System for Saudi Arabia (more) |
| 6/21/2011 |
World’s Largest Dairy Queen Opens in Riyadh (more) |
| 6/20/2011 |
IHOP Expands to Saudi Arabia (more) |
| 6/20/2011 |
Ma’aden and SABIC Joint Venture Begins Production (more) |
| 6/18/2011 |
Zamil, Riyadh Valley Company, and Cerner Form Riyadh Valley HIS Company (more) |
| 6/17/2011 |
Saudia Selects U.S. Company to Supply Brakes for Boeing 777-300ER Order (more) |
| 6/14/2011 |
Cisco Creates ICT Master Plan for Jizan Economic City (more) |
| 6/14/2011 |
Shoaibi Group Signs Distribution Agreement with Emerson (more) |
| 6/13/2011 |
Ratings Affirmed for Arab National Bank, Banque Saudi Fransi, Saudi Investment Bank (more) |
| 6/13/2011 |
Saudi Ceramics, CPC Win Arabian Business Achievement Awards (more) |
| 6/13/2011 |
SEDCO Holding Launches Wealth Management Firm (more) |
| 6/11/2011 |
Saudi Inflation Slows to 16-Month Low of 4.6 Percent (more) |
| 6/9/2011 |
J.P. Morgan Expands Services in Saudi Arabia (more) |
| 6/9/2011 |
PetroRabigh Partners with DuPont for Safety Initiative (more) |
| 6/8/2011 |
Vinson & Elkins Appoints Managing Partner of Middle East Office (more) |
| 6/7/2011 |
Safari, CRO Open First El Chico Restaurant in Saudi Arabia (more) |
| 6/5/2011 |
Saudi Arabia to Change Voltage Import Requirements in 2012 (more) |
| 6/3/2011 |
IMF Projects 6.5 Percent GDP Growth for Saudi Economy (more) |
| 6/2/2011 |
Saudi Aramco Selects Allegro Software Platform (more) |
| 6/1/2011 |
GE Opens Manufacturing Technology Center in Dammam (more) |
| 6/1/2011 |
GCC Business Confidence Undaunted by Wider Turmoil, Oliver Wyman & IBOPE Zogby Survey Finds (more) |
| 5/31/2011 |
SABIC Joint Venture to Build World’s Largest MMA Plant (more) |
| 5/29/2011 |
GM Recognizes Alissa Auto, Opens New Dealership (more) |
| 5/27/2011 |
Saudi Aramco Completes Ras Tanura Hydrotreater Plant (more) |
| 5/27/2011 |
Standard & Poor’s Affirms GIB’s Credit Ratings (more) |
| 5/25/2011 |
Baker & McKenzie Advises Jabal Omar on Makkah Hotel Deal (more) |
| 5/24/2011 |
North-South Mineral Rail Line Complete (more) |
| 5/23/2011 |
Al Rajhi Steel to Build Complex in KAEC (more) |
| 5/22/2011 |
Hilton to Open First Property in Jubail (more) |
| 5/18/2011 |
Hill International Wins Makkah Project Management Deal (more) |
| 5/17/2011 |
Al-Khodari to Operate Dammam Landfill (more) |
| 5/17/2011 |
Jacobs Awarded First Major GES Plus Project (more) |
| 5/17/2011 |
New Wastewater Treatment Plant in Jubail (more) |
| 5/17/2011 |
University of Akron to Train Saudi Students (more) |
| 5/16/2011 |
Jacobs, Fluor Win Kemya Contracts (more) |
| 5/16/2011 |
PNU Officially Inaugurated (more) |
| 5/14/2011 |
Saudi Inflation Rate Rises to 4.8 percent in April (more) |
| 5/12/2011 |
Al-Jazirah Vehicles Opens First Jizan Branch (more) |
| 5/11/2011 |
Al-Khodari Selected for University Construction Contract (more) |
| 5/11/2011 |
Aljomaih’s Aquafina Plants Receive ISO Certificate (more) |
| 5/11/2011 |
Ma’aden, Sahara to Create New Petrochemicals Plant (more) |
| 5/10/2011 |
STC Initiates Quicknet Internet Package (more) |
| 5/9/2011 |
SEC to Help Deliver Power to New Industrial Cities (more) |
| 5/9/2011 |
Vinson & Elkins Opens Practice in Riyadh (more) |
| 5/8/2011 |
Saudi Aramco Awards Red Sea Contract to Shoaibi Group (more) |
| 5/5/2011 |
GE Graduates First Class from Joint Technical Program (more) |
| 5/5/2011 |
Northrop Grumman Awarded SANG Contract (more) |
| 5/5/2011 |
Zuhair Fayez Selects U.S. Companies for Virtual Computing (more) |
| 5/4/2011 |
Zuhair Fayez Awarded GES Plus Contract (more) |
| 5/3/2011 |
Al-Tayyar Launches New Mobile Application (more) |
| 5/2/2011 |
GE to Provide $500 Million in Equipment to SEC (more) |
| 4/30/2011 |
Cisco to Provide Technology at Al Jouf University (more) |
| 4/29/2011 |
Sikorsky Wins Defense Contract from Saudi Government (more) |
| 4/28/2011 |
Tasnee, SAIC Sign Joint Venture Agreement (more) |
| 4/27/2011 |
Naizak to Become Middle East Distributor for Blue Coat (more) |
| 4/27/2011 |
Saudi Ministry Awarded First Smart Building Certificate (more) |
| 4/26/2011 |
Deutsche Bank, King & Spalding to Help Form New Saudi Company (more) |
| 4/26/2011 |
ACWA Granted University Irrigation Contract (more) |
| 4/24/2011 |
PNU President Selected as Opening Approaches (more) |
| 4/24/2011 |
SEC Awards $507 Million in Contracts to Alfanar (more) |
| 4/22/2011 |
Ohio Northern University, TVTC Sign Agreement (more) |
| 4/21/2011 |
Ma'aden, Alcoa Break Ground on Rolling Mill (more) |
| 4/20/2011 |
El Seif Awarded $73 Million Infrastructure Contract (more) |
| 4/19/2011 |
Jacobs Signs Contract with Huntsman and Zamil (more) |
| 4/19/2011 |
U.S. and Saudi Arabia Sign Open Skies Agreement (more) |
| 4/18/2011 |
Zamil Industrial Signs Merger Agreement with Gulf Insulation (more) |
| 4/17/2011 |
Alsalam Given RSAF Transport Aircraft Contract (more) |
| 4/17/2011 |
Health Minister, Al-Bawani Sign Headquarters Construction Agreement (more) |
| 4/14/2011 |
KBR Granted Saudi Aramco GES Plus Contract (more) |
| 4/13/2011 |
March Inflation Falls to 4.7 Percent (more) |
| 4/12/2011 |
Al-Tayyar, Globus Sign Sales Agreement (more) |
| 4/11/2011 |
Fitch Affirms Saudi Arabia’s Ratings (more) |
| 4/11/2011 |
Ministry of Water Awards Contracts for Water and Sanitation (more) |
| 4/6/2011 |
Secretary Gates Visits Saudi Arabia for Bilateral Talks (more) |
| 4/5/2011 |
Jacobs Awarded Contract from Saudi Aramco April 5, 2011 – Jacobs Engineering Group Inc. (Jacobs) was awarded a major contract by Saudi Aramco for general engineering and project management services (GES Plus), the company announced. (more) |
| 4/4/2011 |
Al-Khodari Granted $30 Million Contract in Taif April 4, 2011- Abdullah A.M. Al-Khodari Sons Co. (Al-Khodari) was granted a $29.9 million (SR112.3 million) contract by the Ministry of Municipal and Rural Affairs to improve pavements and street lighting in Taif, according to the company. (more) |
| 4/4/2011 |
Alrabiah Wins Gold Medal for Professional Excellence April 4, 2011 – Saudi engineering company Alrabiah & Partners Co. (Alrabiah) has won the “Gold Medal” for professional excellence from the Business International Development (B.I.D.) organization. (more) |
| 4/4/2011 |
Deutsche Bank Launches New Services in Saudi Arabia April 4, 2011 – Deutsche Bank has launched new trade finance and corporate cash management services out of the company’s branch in Riyadh. (more) |
| 4/3/2011 |
GE Appoints New CEO for Saudi Arabia and Bahrain April 3, 2011 – U.S.-based General Electric Company (GE) has appointed Walid Abukhaled as the company’s new President and Chief Executive Officer of Saudi Arabia and Bahrain. (more) |
| 4/3/2011 |
Saudia to Increase Investment in Cargo Division to $18 Million April 3, 2011 – Saudi Arabian Airlines (Saudia) has announced that it will expand investment in its cargo division’s domestic operations to $18.03 million (SR67.6 million). (more) |
| 3/31/2011 |
Emaar Announces Construction of Polypropylene Plant at KAEC March 31, 2011 – Emaar, the Economic City (Emaar), has announced the commencement of construction of a new polypropylene manufacturing facility in the industrial area of King Abdullah Economic City (KAEC). (more) |
| 3/30/2011 |
Intertek Signs Agreement with SFDA March 30, 2011 – The local branch of Intertek International Limited (Intertek) has signed a conformity assessment agreement with the Saudi Food and Drug Authority (SFDA) to provide conformity assessment services for the import of cosmetic products into Saudi Arabia, based on the SFDA’s newly reformed standards. (more) |
| 3/30/2011 |
KEC and Maarifa Sign Real Estate Agreement March 28, 2011 – Knowledge Economic City (KEC) has signed a contract worth $22.93 million (SR86 million) with Maarifa Real Estate Company (Maarifa) for the purchase of land in Madinah for the construction of 206 villas. (more) |
| 3/29/2011 |
KACST Signs Research Agreement with U.S. Networking Company March 29, 2011 - King Abdulaziz City for Science and Technology (KACST) has signed a research cooperation agreement with U.S. networking consortium Internet2. (more) |
| 3/28/2011 |
GACA Upgrades Regional Airports March 28, 2011 – The General Authority of Civil Aviation (GACA) has recently expanded and upgraded a number of regional airports in the Kingdom. (more) |
| 3/28/2011 |
Al Faisaliah Hotel Opens New Wing March 27, 2011 – Al Khozama Management Company has announced the opening of the south wing of the Al Faisaliah Hotel, the luxury Rosewood Hotels and Resorts, L.L.C. hotel in Riyadh. (more) |
| 3/28/2011 |
Shura Council Approves Draft Mortgage Law (more) |
| 3/27/2011 |
Advanced Electronics Receives $16.8 Million SEC Meter Contract March 27, 2011 – Advanced Electronics Company Limited received a $16.8 million (SR63 million) contract from the Saudi Electricity Company (SEC) to develop a digital meters project for SEC’s power distribution operations. (more) |
| 3/25/2011 |
King Abdullah Establishes Ministry of Housing (more) |
| 3/23/2011 |
KACST Scientist Wins Water Research Award March 22, 2011 – Ms. Mashael Bint Mohammed Saud Abdulrahman, researcher at King Abdulaziz City for Science and Technology (KACST), has won the “Water for Life, Best Practice Award” from the United Nations. (more) |
| 3/23/2011 |
King Abdullah Appoints New Head of GACA March 21, 2011 – King Abdullah, Custodian of the Two Holy Mosques, has appointed Dr. Faisal H. Al-Sugair as President of the General Authority of Civil Aviation (GACA), replacing H.E. Eng. Abdullah Noor Rehaimy. (more) |
| 3/23/2011 |
MENA Mergers and Acquisitions Up 65 Percent in 2010 March 22, 2011 – The total value of merger and acquisition deals announced in the Middle East and North Africa (MENA) region was at $55.9 billion (SR209.62 billion) for 2010, up 65 percent from $33.9 billion (SR127.13 billion) in 2009, according to a report by U.K. financial firm Ernst & Young. (more) |
| 3/22/2011 |
KAU to Implement SAP Management Solutions March 22, 2011 – King Abdul Aziz University (KAU) has signed an agreement with Java Gulf and U.S. company IBM to implement German company SAP AG’s enterprise resource planning (ERP) solutions to modernize the university’s operations. (more) |
| 3/22/2011 |
Saudia Renews Contract with Travelport March 22, 2011 – Saudi Arabian Airlines (Saudia) has renewed its long-standing partnership with U.S.-based global travel agent Travelport, LP, an affiliate of the Blackstone Group, by signing a multi-year content agreement. (more) |
| 3/21/2011 |
Saudi Inflation Falls for Sixth Consecutive Month March 21, 2011 –Saudi Arabia’s annual inflation rate fell for the sixth month in a row to 4.9 percent in February, down from 5.3 percent in January, marking the first time inflation has been below five percent since April 2010. (more) |
| 3/20/2011 |
WorleyParsons Wins Engineering Contract from Khafji Joint Operations March 20, 2011 – U.S. company WorleyParsons has won a contract from Khafji Joint Operations (KJO), a joint venture between Saudi Aramco subsidiary Aramco Gulf Operations Company and Kuwait Gulf Oil Company, to provide general engineering services for KJO’s hydrocarbon exploration and production project. (more) |
| 3/18/2011 |
King Abdullah Announces New Decrees, Creates Anti-Corruption Agency (more) |
| 3/17/2011 |
Saudi Aramco Signs Partnership Agreement for Yanbu Refinery March 17, 2011 – The Red Sea Refining Company, a subsidiary of Saudi Aramco, has signed a partnership contract with Chinese Petrochemical Corporation (Sinopec) for development of the Yanbu Export Refinery. (more) |
| 3/16/2011 |
Alfanar Electric Updates IT Infrastructure with SAP March 16, 2011 – Alfanar Electrical Systems (Alfanar Electric), the electrical and industrial subsidiary of Alfanar Company, announced that the company has implemented German company SAP AG’s customer relationship management solutions to improve Alfanar Electric’s information technology infrastructure and provide increased transparency for front and back-office operations. (more) |
| 3/16/2011 |
Ma’aden and SABIC Start Fertilizer Production March 16, 2011 – Ma’aden Phosphate Company (MPC), a 70:30 joint venture between the Saudi Arabian Mining Company (Ma’aden) and the Saudi Basic Industries Corporation (SABIC), has started production at the company’s Ras Azzour fertilizer complex. (more) |
| 3/16/2011 |
Saudi Aramco Awards $2.7 Billion in Shaybah NGL Contracts March 16, 2011 – Saudi Aramco has awarded four engineering, procurement, and construction packages worth $2.76 billion (SR10.35 billion) for its Shaybah Natural Gas Liquids (NGL) Recovery Program to South Korean company Samsung Engineering. (more) |
| 3/14/2011 |
Dow and KAUST to Establish Research and Development Center March 14, 2011 – U.S. chemical and plastics company the Dow Chemical Company (Dow) and King Abdullah University of Science and Technology (KAUST) have finalized plans for a cooperative research and development center on KAUST’s campus. (more) |
| 3/14/2011 |
Jacobs Wins Project Management Contract from JANA March 14, 2011 – U.S. company Jacobs Engineering Group Inc. (Jacobs) announced that it has won a project management and technical services contract from Jubail Chemical Industrial Company Ltd. (JANA), a wholly-owned subsidiary of Saudi company NAMA Chemicals. (more) |
| 3/14/2011 |
Kingdom Joins Kyoto Customs Convention March 14, 2011 – At the weekly Cabinet meeting presided over by King Abdullah, Custodian of the Two Holy Mosques, on Monday, the Cabinet approved the Kingdom’s admission to the International Convention on the Simplification and Harmonization of Customs Procedures (Kyoto Convention). (more) |
| 3/14/2011 |
SABIC Awards Steel Plant Financing Contract to HSBC March 14, 2011 – HSBC Middle East, a division of U.K. company HSBC Holding Plc, has signed a $435 million (SR1.63 billion) contract with the Saudi Basic Industries Corporation (SABIC) subsidiary Saudi Iron & Steel Company (HADEED) to finance a new steel plant and rolling mill in Jubail. (more) |
| 3/14/2011 |
SABIC, MODON, Boston Consulting to Perform Study on Industrial Cities March 14, 2011 – The Saudi Basic Industries Corporation (SABIC) and the Saudi Industrial Property Authority (MODON) have signed an agreement with U.S. company Boston Consulting Group (BCG) to conduct a study on the development of industrial programs in six cities in the Kingdom. (more) |
| 3/14/2011 |
Samba Capital Wins Global Finance Awards March 14, 2011 – Samba Capital (Samba), the investment subsidiary of Samba Financial Group, won three awards from Global Finance magazine. (more) |
| 3/14/2011 |
SAUDI KAYAN Starts Trial Polycarbonate Production at Jubail Plant March 14, 2011 – Saudi Kayan Petrochemical Company (SAUDI KAYAN), an affiliate of the Saudi Basic Industries Corporation (SABIC), has begun trial production of polycarbonate at the company’s petrochemicals complex in Jubail Industrial City. (more) |
| 3/14/2011 |
U.S. Company Provides Training Software to RSAF March 14, 2011 – Massachusetts-based Tactical Communications Group (TCG) announced it has successfully deployed its ground support system software to the Royal Saudi Air Force (RSAF) under a foreign military sales subcontract from General Dynamics Corporation. (more) |
| 3/10/2011 |
NCB Selects FICO Software to Meet Basel II Regulations March 10, 2011 – The National Commercial Bank (NCB) of Saudi Arabia has announced that it will work with U.S. company Fair Isaac Corporation (FICO) to improve NCB’s predictive analytics to meet the Basel II regulations, as defined by the Saudi Arabian Monetary Agency. (more) |
| 3/9/2011 |
Al Jol and SevOne Sign IT Agreement March 9, 2011 – Saudi information technology (IT) specialist Al Jol Group of Companies (Al Jol) has announced a formal partnership with U.S. company SevOne, Inc. (more) |
| 3/7/2011 |
Saudi Aramco Awards Engineering Contract to KBR March 7, 2011 – Saudi Aramco Lubricating Oil Refining Company (Luberef), a 70:30 joint venture between Saudi Aramco and Jadwa Industrial Investment Company, has awarded a contract to U.S. company KBR, Inc. for use of KBR’s solvent deasphalting technology known as ROSE© (residuum oil supercritical extraction). (more) |
| 3/7/2011 |
SEC Establishes National Electricity Transmission Company March 7, 2011 – The Saudi Electricity Company (SEC) has established a national company for the transmission of electricity in the Kingdom. (more) |
| 3/7/2011 |
VSD Signs MOU with Ezz Al Khair March 7, 2011 – U.S. company VSD, LLC announced that it has signed a memorandum of understanding with Saudi company Ezz Al Khair Establishment to form a joint venture. (more) |
| 3/6/2011 |
National Shipping Company Orders Four New Ships March 6, 2011 – The National Shipping Company of Saudi Arabia (NSCSA) has signed a $400 million (SR1.5 billion) contract with South Korean company Hyundai Mipo Dockyard Co. Ltd. (HMD) for the construction of four general cargo ships. (more) |
| 3/3/2011 |
KAUST Named “Laboratory of the Year” March 3, 2011 –King Abdullah University of Science and Technology (KAUST) has been named “Laboratory of the Year” in the new construction category for 2011 by R&D Magazine. (more) |
| 3/3/2011 |
Saudi Airlines Cargo Launches New Online Route Mapper March 3, 2011 – Saudi Airlines Cargo Company (SACC), a division of Saudi Arabian Airlines, has signed a contract with OAG Cargo, a division of U.K. company UBM Aviation, for use of OAG Cargo’s new online route mapping product. (more) |
| 3/3/2011 |
Siemens and KFUPM Establish Research Center March 3, 2011 – German engineering company Siemens AG has announced plans to establish a 2.94 square mile (7.623 square kilometer) research and development facility to be located at the King Fahd University of Petroleum and Minerals (KFUPM) in Dhahran. (more) |
| 3/2/2011 |
MODON Signs Contract for Al-Zulfi Industrial City March 2, 2011 - The Saudi Industrial Property Authority (MODON) has signed the initial infrastructure development contract for the Al-Zulfi Industrial City and will be taking requests for the allocation of land. (more) |
| 3/1/2011 |
Polysilicon Technology to Build Polysilicon Solar Plant March 1, 2011 – Saudi-based Polysilicon Technology Company (PTC), a 50:50 joint venture between Saudi company Mutajadedah Energy Company and Korean company KCC Corporation, has signed a $380 million (SR1.43 billion) engineering, procurement, and construction contract to build a solar cell plant in Jubail. (more) |
| 3/1/2011 |
STC Signs IP Agreement with U.S. Company March 1, 2011 – Saudi Telecom Company (STC) has signed a long-term partnership agreement with U.S. company Level 3 Communications, LLC. to provide international internet protocol (IP) and content distribution services in Saudi Arabia and throughout the Middle East. (more) |
| 2/28/2011 |
National Shipping Company Launches New IT System February 28, 2011 – The National Shipping Company of Saudi Arabia (NSCSA) has announced the successful implementation of the company’s new unified information technology (IT) system supplied by U.S. company Oracle Corporation (Oracle) and executed by local company Ejada. (more) |
| 2/27/2011 |
SABIC and KAUST Sign Four Agreements February 27, 2011 – Saudi Basic Industries Corporation (SABIC) and the King Abdullah University of Science and Technology (KAUST) have signed four agreements for the development of local technology in Saudi Arabia. (more) |
| 2/24/2011 |
Online Training Program for Vision Rehabilitation Launched February 24, 2011 – Saudi company the Ebsar Foundation for Low Vision and Blind Rehabilitation Services (Ebsar Foundation), in collaboration with U.S. organization Lighthouse International, has launched the online medical training program Lighthouse Mult-E-Skills Vision Rehabilitation Program©. (more) |
| 2/24/2011 |
Riyadh PP-11 Wins Middle East Power Deal of the Year February 24, 2011 – Project Finance magazine has named the Saudi Electricity Company’s (SEC) Riyadh Power Plant 11 (PP-11) project as the “Middle East Power Deal of the Year” for 2010. (more) |
| 2/23/2011 |
Jacobs Signs Contract with SIIG, Arabian Chevron Phillips February 23, 2011 – U.S. company Jacobs Engineering Group Inc. (Jacobs Engineering) has announced that the company recently signed a contract with the Saudi Industrial Investment Group (SIIG) and Arabian Chevron Phillips Petrochemical Company (Arabian Chevron Phillips), a wholly-owned subsidiary of Chevron Phillips Chemical Company. (more) |
| 2/23/2011 |
King Abdullah Returns to Kingdom, Enacts Measures to Boost the Economy (more) |
| 2/23/2011 |
Saudi Aramco Establishes Downstream Subsidiary February 23, 2011 – Saudi Aramco has established a new wholly-owned subsidiary in downstream oil and gas called Saudi Aramco Product Trading Company (Aramco Trading). (more) |
| 2/22/2011 |
Kingdom Holding to Build Four Seasons Hotel at Kingdom Oasis February 22, 2011 – Kingdom Holding Co. has announced plans to build a Four Seasons Hotel to be located in the 1,467 square-mile (3,800 square-kilometer) residential section of Kingdom Riyadh Land, known as Kingdom Oasis. (more) |
| 2/18/2011 |
Saudi Aramco Awards Contracts to U.S. and Saudi Consortia February 18, 2011 – Saudi Aramco has signed contracts with two consortia of U.S. and Saudi companies for front-end engineering and design, material procurement, and project management services. (more) |
| 2/17/2011 |
Tasnee Joint Venture Awards Contract to U.S. Company February 17, 2011 – A 50:50 joint venture between the National Industrialization Co. (Tasnee) and Saudi Advanced Industries Co. (SAIC) has signed a technology licensing agreement with U.S. polyurethane foam and processed polyester fiber company Carpenter Co. (more) |
| 2/16/2011 |
Eaton-Williams Signs Deal with Saudi Distributor February 16, 2011 – Eaton-Williams, a member of CES Group, Inc., has signed a marketing and distribution agreement with Alessa Industries for Eaton-Williams’ data center cooling systems to Gulf Cooperation Council countries. (more) |
| 2/16/2011 |
SABIC Introduces New Container Resin February 16, 2011 –Saudi Basic Industries Corporation (SABIC) has introduced a high-performance plastic resin used in industrial containers for commercial use. (more) |
| 2/16/2011 |
Saudi Aramco to Build Solar Plant February 16, 2011 – Saudi Aramco has selected Omani company Phoenix Solar L.L.C., a subsidiary of German company Phoenix Solar AG, to build a photovoltaic plant in Riyadh. (more) |
| 2/14/2011 |
Alsalam Wins RSAF Maintenance Contract February 14, 2011 – Alsalam Aircraft Company (Alsalam), a joint venture of the Boeing Company and Saudi Arabian Airlines, received a maintenance contract from the Royal Saudi Air Force (RSAF) for its fleet of F-15 fighter jets. (more) |
| 2/14/2011 |
GACA Awards Certification to U.S. Aviation Company February 14, 2011 – The Saudi Arabian General Authority of Civil Aviation has awarded AMO-337F certification to U.S. aircraft maintenance company Aviation Technical Services (ATS). (more) |
| 2/14/2011 |
Ma'aden's Ras Azzour Complex Sees Progress February 14, 2011 – The Saudi Arabian Mining Company (Ma’aden) has begun initial production at the ammonia plant at its Ras Azzour complex. (more) |
| 2/14/2011 |
STC Selects Juniper for IP Services February 14, 2011 – Saudi Telecom Company (STC) has selected U.S. information and communications technology company Juniper Networks, Inc. (Juniper) to provide internet protocol (IP) services to STC’s mobile network. (more) |
| 2/14/2011 |
U.S. and Saudi Arabia Mark 66th Anniversary of Historic Meeting February 14, 2011- Monday marked the 66th anniversary of the historic meeting between H.M King Abdul Aziz Al-Saud and President Franklin D. Roosevelt aboard the U.S.S. Quincy in Egypt’s Great Bitter Lake. (more) |
| 2/14/2011 |
U.S.-Saudi Trade Reaches $43 Billion in 2010 (more) |
| 2/12/2011 |
IMAX Film Arabia Premiers in Theaters across the U.S. (more) |
| 2/9/2011 |
Aujan Awards Media Account to Mindshare February 9, 2011 – Aujan Industries Company has awarded its media planning and buying account to U.K. global media company Mindshare after a four-month review and evaluation process. (more) |
| 2/9/2011 |
Kingdom Holding Awards Omrania Contract for Kingdom Riyadh Land February 9, 2011 – Kingdom Holding Co. has awarded the contract to design the master plan of its Kingdom Riyadh Land project to local architectural consultancy firm Omrania & Associates (Omrania). (more) |
| 2/9/2011 |
Ma’aden, Alcoa Sign Agreement with Samsung for Aluminum Plant February 9, 2011 – The Saudi Arabian Mining Company (Ma’aden) and U.S. company Alcoa Inc. have signed a letter of intent with South Korean company Samsung Engineering (Samsung) to build part of Ma’aden and Alcoa’s aluminum complex in Ras Azzour. (more) |
| 2/9/2011 |
Saudi Aramco Awards KBR Jizan Refinery Contract February 9, 2011 – Saudi Aramco has awarded a front-end engineering and design contract for its Jizan Refinery to U.S. company KBR, Inc. (more) |
| 2/9/2011 |
Saudi Aramco Signs Procurement Contract with Siemens February 9, 2011 – Saudi Aramco has signed a seven-year corporate procurement agreement with German electronics and engineering company Siemens. (more) |
| 2/9/2011 |
Saudi Inflation Shows Improvement in 2011 February 9, 2011 – Saudi Arabia’s annual inflation rate slowed to 5.3 percent in January, the lowest it has been since April 2010, as food prices fell sharply to offset rising real estate costs. (more) |
| 2/8/2011 |
U.S. Company Wins HD Studio Contract from Ministry of Culture and Information February 8, 2011 – U.S. information and communications technology company Harris Corporation (Harris) has won a contract to supply high-definition (HD) broadcast products to the Ministry of Culture and Information for its four new HD studio facilities. (more) |
| 2/6/2011 |
Merrill Lynch to Offer Brokerage Services in Saudi Arabia February 6, 2011 – Bank of America’s Merrill Lynch, one of the world's leading financial management and advisory companies that provides financial advice and investment banking services, has announced that it has been authorized to offer brokerage services in Saudi Arabia through its local branch. (more) |
| 2/2/2011 |
Tadawul Achieves ISO 20000 February 2, 2011 – The Saudi Stock Exchange, the Tadawul, has been awarded the International Organization of Standardization (ISO) 20000 certification, the first stock exchange in the Middle East and North Africa region and the fourth in the world to be certified in this category. (more) |
| 2/1/2011 |
Saudi Binladin Group Wins Haramain Contract February 1, 2011 – The Saudi Binladin Group (SBG) has won a contract from the Saudi Railways Organization (SRO) for construction work on SRO’s Haramain High Speed Rail Project. (more) |
| 2/1/2011 |
Zamil Wins $12.3 Million Saudi Aramco Contract February 1, 2011 – Saudi Aramco Mobil Refinery Company (SAMREF), a joint venture between Saudi Aramco and a subsidiary of Exxon Mobil Corporation, has awarded a $12.3 million (SR46.1 million) contract to Zamil Steel Structural Steel Division (Zamil Steel), a subsidiary of Zamil Group Holding, for the fabrication and supply of steel for the SAMREF Clean Fuels Project. (more) |
| 1/30/2011 |
Saudi Aramco Awards Expansion Contract to Jacobs Engineering January 30, 2011 – Saudi Aramco Lubricating Oil Refining Company (Luberef), a 70:30 joint venture between Saudi Aramco and Jadwa Industrial Investment Company, has awarded a contract for its refinery expansion project to U.S. company Jacobs Engineering Group Inc. (Jacobs). (more) |
| 1/30/2011 |
Saudi Kayan, Dow, Saudi Aramco Sign Joint Venture January 30, 2011 - Saudi Kayan Petrochemcial Company, a subsidiary of the Saudi Basic Industries Corporation, has signed an agreement with Saudi Acrylic Acid Co. (SAAC) and a joint venture between U.S. company The Dow Chemical Corporation and Saudi Aramco to build a $480 million (SR1.8 billion) n-Butanol plant in Jubail. (more) |
| 1/26/2011 |
Clinton Stresses Importance of SMEs in Saudi Arabia January 26, 2011 – Former U.S. President Bill Clinton praised Saudi Arabia’s economic strides and gave guidance for the future in a speech at the 5th Global Competiveness Forum in Riyadh on January 25th, 2011. (more) |
| 1/25/2011 |
Ciena to Provide Fiber-Optic Network for Mobily January 25, 2011 – U.S. company Ciena Corporation recently announced that it has been selected by Etihad Etisalat Company (Mobily), the fastest growing telecommunications provider in Saudi Arabia, to install a fiber-optic network to support the growing demand for bandwidth in the Kingdom. (more) |
| 1/25/2011 |
Emaar Completes Infrastructure for KAEC January 25, 2011 – Emaar, the Economic City (Emaar), a division of U.A.E. company Emaar Properties PJSC and the lead developer for King Abdullah Economic City (KAEC), announced that it has completed most of the infrastructure work for KAEC. (more) |
| 1/25/2011 |
H.R.H. Prince Naif Emphasizes Importance of Investment Incentives (more) |
| 1/25/2011 |
STC Offers First Commercial Dual-Carrier Modem of its Kind January 25, 2011 – Saudi Telecom Company (STC) has partnered with U.S. telecommunications company Novatel Wireless, Inc. (Novatel) to offer Novatel’s Ovation MC545 USB wireless broadband modem for commercial use in Saudi Arabia. (more) |
| 1/25/2011 |
U.S. and Saudi Telecommunications Companies Partner on Phone Solutions January 25, 2011 – U.S. telecommunications company Voxeo Corporation (Voxeo) announced a partnership with Saudi technology company 2Share to deliver unified self-service solutions for phone channels in countries including Saudi Arabia, Bahrain, Qatar, the U.A.E., Kuwait, and Egypt. (more) |
| 1/24/2011 |
NCB Capital Wins Funds Awards for 2010 January 24, 2011 – NCB Capital, the investment banking division of the National Commercial Bank, received awards in two categories at the second annual MENA Fund Manager Awards. NCB Capital was named “Saudi Asset Manager of the Year”, and the bank’s Alahli Mid-Cap fund was recognized as “Saudi Equity Fund of the Year” for 2010. (more) |
| 1/24/2011 |
Saudi SMEs Most Confident Globally January 24, 2011 – According to a recent survey by HSBC, small and medium enterprises (SMEs) in Saudi Arabia have the most positive outlook in terms of local economic growth, capital investment plans, and recruitment. (more) |
| 1/24/2011 |
SEC Announces Plans for Three New Plants January 24, 2011 – The Saudi Electricity Company (SEC) has announced that the company’s newly approved budget includes the building of three new power plants and the replacement of several electric transformers. (more) |
| 1/22/2011 |
Shell and KAUST Collaborate on Industry Development Program January 22, 2011 – Shell Oil Company (Shell) and the King Abdullah University of Science and Technology (KAUST) have announced that they will work together on KAUST’s Industry Collaboration Program (KICP) for business development and research primarily in the energy sector. (more) |
| 1/21/2011 |
Northern Border University Signs Technology Agreement with U.S. Company January 21, 2011 – Northern Border University (NBU) has signed an agreement with U.S. technology company SunGard Higher Education (SunGard) to provide digital services to NBU’s main campus in Arar and branch campuses in Rafha and Turaif. (more) |
| 1/21/2011 |
President Obama Names GE's Immelt Top Economic Advisor January 21, 2011 – U.S. President Barack Obama has named Jeffrey Immelt, Chairman and Chief Executive Officer of General Electric Company (GE), a member of the U.S.-Saudi Arabian Business Council, to head his team of outside economic advisors. (more) |
| 1/20/2011 |
J.R. Clancy Provides Rigging for PNU Theaters January 20, 2011- U.S. company J.R. Clancy, Inc. has completed installation of rigging systems for three theaters at Princess Noura Bint Abdulrahman University (PNU) in Riyadh. (more) |
| 1/20/2011 |
Kamel Elected Chairman of Arab Businessmen Forum January 20, 2011 – Members of the Arab Businessmen Initiative Forum, which met recently in Egypt, elected Sheikh Abdullah Saleh Kamel, Executive Director and Chief Executive Officer of Dallah Albaraka Holding Co., as chairman of the group. (more) |
| 1/20/2011 |
Raytheon Signs $475 Million Defense Contract January 20, 2011 – U.S. firm Raytheon Company (Raytheon) has signed a $475 million (SR1.78 billion) contract with the Kingdom of Saudi Arabia to provide its Paveway™ brand of precision-guided munitions. (more) |
| 1/20/2011 |
Saudi-U.S. Partners Establish Self-Sustaining Farm January 20, 2011 – U.S. company DeLeon Group, Inc. and Saudi Adawat International have collaboratd to install the Kingdom’s first AeroFarms™ unit in Jeddah. (more) |
| 1/20/2011 |
SEC Awards $1 Billion Power Projects January 20, 2011 – The Saudi Electricity Company (SEC) has awarded $1 billion (SR3.75 billion) in contract extensions to Arabian Bemco for work on the Riyadh PP10 and Qurrayyah power plants. (more) |
| 1/19/2011 |
Abdulla Fouad to Develop Hotel in Dammam January 19, 2011 – Abdulla Fouad Holding Co. has announced an agreement with SHUAA Capital Saudi Arabia (SHUAA) to develop a Rayhaan by Rotana hotel in Dammam. (more) |
| 1/18/2011 |
Al-Jasser Honored as Central Bank Chief of the Year January 18, 2011 - H.E. Dr. Muhammad Al-Jasser, Governor of the Saudi Arabian Monetary Agency (SAMA), has won the title of Central Bank Governor of the Year for the Middle East from The Banker magazine, a subsidiary of the U.K.’s Financial Times. (more) |
| 1/18/2011 |
Elkhereiji Signs Contract with U.S. Travel Company January 18, 2011 – Al-Nawras Travel & Tourism Company (Al-Nawras), a subsidiary of Elkhereiji Trading & Electronics, has signed a long-term agreement with U.S. global travel agent Travelport, LP for use of Travelport’s Galileo global distribution system (GDS). (more) |
| 1/18/2011 |
General Dynamics Receives $44 Million Contract for Saudi Tank Work (more) |
| 1/18/2011 |
GO Launches Terhal Business Service January 18, 2011 - Etihad Atheeb Telecommunication Company (GO Telecom), a subsidiary of Atheeb Trading Co. Ltd., launched its latest business service, Terhal Business, for “smart” devices. (more) |
| 1/18/2011 |
Saudi Kayan First Exporter of Acetone in Middle East January 18, 2011 – Saudi Kayan Petrochemicals Company (Saudi Kayan), an affiliate of the Saudi Basic Industries Corporation (SABIC), has shipped its first export production of acetone from its new plant in Jubail. (more) |
| 1/17/2011 |
NSCSA Wins BMG Transparency Award January 17, 2011 – The National Shipping Company of Saudi Arabia (NSCSA) has won BMG Financial Group’s Transparency Award for 2010. (more) |
| 1/16/2011 |
ACWA Power Completes Jizan IWPP January 16, 2011 – ACWA Power International, an affiliate of A.K. Al-Muhaidib & Sons Group of Companies, announced that it has completed work as the lead developer of the Shuquaiq II Independent Water and Power Project (IWPP). (more) |
| 1/11/2011 |
Saudia Joins SkyTeam Alliance January 11, 2011 – Saudi Arabian Airlines (Saudia) has signed an agreement with SkyTeam Airline Alliance Management Corporation (SkyTeam) to join the group in 2012, which will make Saudia the first Middle Eastern airline to become a part of the 13-member coalition. (more) |
| 1/10/2011 |
Emerson and Saudi Fal Begin Production at Manufacturing Plant in Jubail January 10, 2011 – Emerson Process Management (Emerson), a division of Emerson, has begun production at a new control valve and transmitter manufacturing facility in Jubail in collaboration with local industrial company Saudi Fal Company Ltd. (Saudi Fal). (more) |
| 1/10/2011 |
Kingdom Ranks 10th Best for Sovereign Debt January 9, 2010 – Saudi Arabia has been listed as having one of the world’s least risky sovereign debts, according to a recent report by CMA Vision (more) |
| 1/6/2011 |
First Najran Investment Forum Scheduled for March January 6, 2011 – The first Najran Investment Forum will be held from March 19-22, 2011, in Najran in southern Saudi Arabia. (more) |
| 1/3/2011 |
Al-Esayi, Mitsubishi Build Hi-Tech Training Center January 1, 2010 – Mitsubishi Electric Saudi Ltd. (MELSA), a joint venture between Mitsubishi Electric Corporation and Omar K. Al-Esayi Co. Ltd, announced plans to build a training facility in Riyadh. (more) |
| 1/3/2011 |
Saudi Ceramics Announces Trial Operations of Ceramic Plant January 3, 2011 – Ceramic Pipes Co., a ceramics company 50 percent owned by Saudi Ceramics Company (Saudi Ceramics), has completed construction on the company’s ceramics manufacturing facility in Riyadh and has started trial operations. (more) |
| 1/2/2011 |
NCB Wins Efficiency Award From J.P. Morgan January 2, 2011 – U.S. company J.P. Morgan Chase & Co. (J.P. Morgan) honored the National Commercial Bank (NCB) of Saudi Arabia with J.P. Morgan’s Elite Quality Recognition Award for the years 2009 and 2010. (more) |
| 1/2/2011 |
VSD and PMU Sign Memorandum of Understanding January 2, 2011 – U.S. company VSD, LLC has signed a memorandum of understanding with Prince Mohammad bin Fahd University (PMU) that focuses on three major areas: the provision and implementation of training and simulation products and services, promotion of conferences and speaking engagements, and collaborative projects with the government and private sector. (more) |
| 12/30/2010 |
Ma’aden Awards Construction and Technology Contract for Ras Azzour December 30, 2010 – The Saudi Arabian Mining Company (Ma’aden) and U.S. company Alcoa Inc. have awarded a $65 million (SR243.75 million) contract to a joint venture between Finnish company Outotec and Canadian company Hatch Ltd. for a new integrated digestion and evaporation plant for Ma’aden and Alcoa’s aluminum plant at Ras Azzour. (more) |
| 12/30/2010 |
Shoaibi Group Establishes Manufacturing Joint Venture with Drilltec December 30, 2010 – Suhayl Bin Abdul Mohsin Al Shoaibi & Sons Holding Co. (Shoaibi Group) has entered into a joint venture with U.S. company Drilltec Patents & Technologies Company, Inc. (Drilltec) for the manufacturing of thread protection products for the tubular goods industry. (more) |
| 12/27/2010 |
Saudi Government Allocates $154 Billion in 2011 Budget (more) |
| 12/26/2010 |
KSU Partners to Manufacture Domestic Cars December 26, 2010 – King Saud University (KSU) signed a $500 million (SR1.88 billion) agreement with South Korean company Digm Automotive Technologies (Digm) to manufacture and export low-cost cars in Saudi Arabia. (more) |
| 12/26/2010 |
SCTA Wins ISO Certificate in all Divisions December 26, 2010 – The Saudi Commission for Tourism and Antiquities (SCTA) was awarded the International Organization of Standardization (ISO) 9001:2008 quality certificate in all its provincial tourism organizations (PTOs). (more) |
| 12/23/2010 |
Al-Khodari Wins $15 Million Water Contract (more) |
| 12/21/2010 |
Hill Receives $2.56 Million Project Management Contract from Al Rajhi December 21, 2010 – U.S. company Hill International (Hill) won a contract from Al Rajhi Bank (Al Rajhi) to provide project management services for the bank’s new headquarters building in Riyadh. (more) |
| 12/20/2010 |
Petro-Chem Zamil Wins $29.6 Million Contract for Yanbu Furnaces December 20, 2010 – Petro-Chem Zamil, a 50-50 joint venture between Zamil Group Holding and U.S. company Petro-Chem Development Co., Inc., has won a $29.6 million (SR111 million) contract from Spanish company Tecnicas Reunidas to supply delayed coke furnaces for the Yanbu Export Refinery Project. (more) |
| 12/19/2010 |
Fitch Affirms NCB Ratings December 19, 2010 – Fitch Ratings Ltd. (Fitch) affirmed the National Commercial Bank (NCB) of Saudi Arabia with a score of “A+” with a stable outlook for its long-term issuer default rating (IDR). (more) |
| 12/19/2010 |
Saudi Inflation Rate Remains Constant in November December 19, 2010 – Saudi Arabia’s annual inflation rate for November remained constant, holding steady at 5.8 percent. (more) |
| 12/16/2010 |
Huntsman and Zamil Move Forward with Amines Factory December 16, 2010 – U.S. company Huntsman Corporation (Huntsman) and Zamil Group Holding (Zamil) have announced that they are proceeding to the final stage of their feasibility study for a new DIGLYCOLAMINE® agent (DGA) amines facility in Jubail. (more) |
| 12/16/2010 |
Northern Trust Selected to Manage Tawuniya Portfolio December 16, 2010 – Northern Trust Global Investments (NTGI), the asset management division of Northern Trust, has been selected to manage a segregated passive equity portfolio for Tawuniya, a leading insurance provider in Saudi Arabia. (more) |
| 12/15/2010 |
$293 Million Industrial City Near Riyadh Announced December 15, 2010 – Mawten Real Estate Company (Mawten) has announced that it is currently developing a $293 million (SR1.1 billion) industrial city project, called Industrial Gate City, to be located outside of Riyadh. (more) |
| 12/14/2010 |
Cisco Announces Collaboration with SAGIA December 13, 2010 – Cisco Systems announced that the Saudi Arabian General Investment Authority (SAGIA) will deploy Cisco’s WebEx enterprise collaboration solutions. (more) |
| 12/14/2010 |
GE Wins $500 Million Contract from Saudi Aramco December 14, 2010 – U.S. company General Electric Company (GE) has won a power equipment and services contract from Saudi Aramco for the expansion of the Shaybah oil field in southeastern Saudi Arabia. (more) |
| 12/14/2010 |
Honeywell Subsidiary UOP Signs Research Agreement with KFUPM December 14, 2010 –UOP LLC, a subsidiary of Honeywell International Inc., has signed a research collaboration agreement with King Fahd University of Petroleum and Minerals (KFUPM) for a project in the field of aromatic catalysis. (more) |
| 12/13/2010 |
Banque Saudi Fransi’s Ratings Affirmed by Fitch December 13, 2010 – Fitch Ratings Ltd. has affirmed Banque Saudi Fransi’s credit ratings, according to a recent press release. (more) |
| 12/13/2010 |
Baud Telecom, ITWorx Deliver IT Upgrade to Ministry of Labor December 14, 2010 – The Saudi Ministry of Labor (MOL) announced the completion of a web solutions project in which Egyptian company ITWorx partnered with Baud Telecom Company (BTC), a subsidiary of Saudi Binladin Group, to deliver internal application and data portal services for the MOL’s E-government applications. (more) |
| 12/13/2010 |
GO Telecom Launches Digital Voice Service December 13, 2010 – Etihad Atheeb Telecommunication Company (GO Telecom), a subsidiary of Atheeb Trading Co. Ltd., launched its latest digital voice technology called GO Terhal. (more) |
| 12/8/2010 |
KACST Launches First Car December 8, 2010 – King Abdulaziz City for Science and Technology (KACST) launched the sedan called the Aseela, which will serve as a basis for a domestic auto manufacturing industry that Saudi Arabia is working to develop. (more) |
| 12/8/2010 |
NWC Awards IT Contract to U.S. Company December 8, 2010 – The National Water Company of Saudi Arabia (NWC) awarded a contract to U.S. company Accenture to design and implement comprehensive information technology (IT) solutions for NWC’s water and wastewater services. (more) |
| 12/8/2010 |
SEC Installs 60,000 Smart Meters December 8, 2010 – The Saudi Electricity Company (SEC) announced plans to install 60,000 smart meters, and to add 30,000 smart meters a year for the next 10 years as a part of the company’s pilot project. (more) |
| 12/7/2010 |
Boeing and KACST to Establish Decision Support Center December 7, 2010 – The Boeing Company (Boeing) and King Abdulaziz City for Science and Technology (KACST) signed an agreement to establish a Decision Support Center for aerospace customers in Riyadh. (more) |
| 12/7/2010 |
SRO Signs Master Plan Agreement with Zuhair Fayez December 7, 2010 – The Saudi Railway Organization (SRO) signed a $1.38 million (SR5.18 million) contract with Zuhair Fayez Partnership (Zuhair) and the German Corporation for Technical Cooperation (GTZ) for consulting services on the SRO’s Saudi Railway Master Plan project. (more) |
| 12/6/2010 |
Al-Khodari to Build Storage Facilities for Ma'aden December 6, 2010 - Abdullah A. M. Al-Khodari Sons Co. (Al-Khodari) won a contract worth $24.23 million (SR90.87 million) from the Saudi Arabian Mining Company (Ma’aden). (more) |
| 12/6/2010 |
General Dynamics Receives Additional $19 Million Agreement to Update Saudi Tanks December 6, 2010 – General Dynamics Land Systems, a business unit of U.S. company General Dynamics, signed an additional $19 million (SR71.25 million) contract to convert 15 of Saudi Arabia’s M1A1 tanks into the M1A2S model. (more) |
| 12/6/2010 |
MODON Establishes Baha Industrial City December 6, 2010 – The Saudi Industrial Property Authority (MODON) announced the first phase of development for the Baha Industrial City to be located in the south west of Saudi Arabia. (more) |
| 12/5/2010 |
Gulf International Bank Named Best GCC Bonds Issuer December 5, 2010 – Gulf International Bank (GIB) won the title of “Best GCC Bonds Issuer” for 2010 from World Finance magazine. (more) |
| 12/2/2010 |
GCC Signs Nuclear Consulting Contract with U.S. Companies December 2, 2010 – The Gulf Cooperation Council (GCC) signed a consulting agreement with U.S. companies Lightbridge Corporation (Lightbridge) and Exelon Corporation (Exelon) for assessment of the GCC’s nuclear energy development. (more) |
| 12/1/2010 |
SABIC Signs Contract for Plastics Application Development Center December 1, 2010 – The Saudi Basic Industries Corporation (SABIC) signed a contract with El Seif Engineering Contracting Company for the construction of a new SABIC Plastics Application Development Center on the King Saud University campus in Riyadh. (more) |
| 11/28/2010 |
The SEC Awards Substation Contract to Alfanar November 28, 2010 – The Saudi Electricity Company (SEC) awarded a $105 million (SR393.75 million) contract to Alfanar Construction Company (Alfanar) to build power substations in the Hail region. (more) |
| 11/27/2010 |
Zamil Launches Zamil 63 at King Abdul Aziz Port November 27, 2010 – Zamil Offshore Services (Zamil) launched a new offshore support vessel, Zamil 63, at King Abdul Aziz Port in a ceremony presided over by Saudi Ports Authority President Abdulaziz bin Al-Tuwaijri. (more) |
| 11/25/2010 |
Juffali Subsidiary Reaches Production of 75,000 Trucks November 25, 2010 – National Automotive Industry (NAI), a subsidiary of E. A. Juffali & Brothers, has now produced 75,000 Mercedes-Benz trucks at its Jeddah factory, making it the largest Mercedes-Benz assembly plant in the Middle East. (more) |
| 11/25/2010 |
KACARE Selects U.S. Legal Advisors November 25, 2010 – The King Abdullah City for Atomic and Renewable Energy (KACARE) appointed U.S. law firms Vinson & Elkins LLP and Morgan, Lewis & Bockius LLP, as well as local firm The Law Office of Motasem Khashoggi, to be legal advisors for KACARE. (more) |
| 11/25/2010 |
Ma'aden, SABIC Phosphate Plant Begins Experimental Production November 25, 2010 – The Saudi Arabian Mining Company (Ma’aden), in collaboration with Saudi Basic Industries Corporation (SABIC), has completed the infrastructure for its $5.49 billion (SR20.59 billion) phosphate concentrates project in Ras Azzour and has received the materials to start experimental production. (more) |
| 11/23/2010 |
MCIT Selects U.S. Company to Streamline Yesser Performance November 23, 2010 – The Ministry of Communications and Information Technology (MCIT) selected U.S. company Juniper Networks, Inc. (Juniper) to provide switching, routing, and security solutions for MCIT’s E-government project, Yesser. (more) |
| 11/23/2010 |
Prince Alwaleed Buys Stock in GM November 23, 2010 - Kingdom Holding Co. and the company’s Chairman H.R.H. Prince Al-Waleed Bin Talal purchased $500 million (SR1.88 billion) worth of General Motors Corporation (GM) shares from the company’s initial public offering of $15.8 billion (SR59.25 billion). (more) |
| 11/22/2010 |
KAUST Signs Agreement with 10 Global Universities November 22, 2010 – King Abdullah University of Science and Technology (KAUST) has signed a faculty collaboration agreement with 10 universities worldwide, including for the first time schools in Australia, Hungary, Ireland, and Switzerland. (more) |
| 11/20/2010 |
KFSH Staff Receive Cancer Treatment Training from U.S. Hospital November 20, 2010 – King Fahad Specialist Hospital (KFSH) has signed an agreement with U.S. hospital Roswell Park Cancer Institute (RPCI) in upstate New York for cancer treatment training. (more) |
| 11/19/2010 |
Ambassador Al-Jubeir's Service Extended November 19, 2010 – Custodian of the Two Holy Mosques King Abdullah issued a royal decree extending the service of H.E. Adel Al-Jubeir as Ambassador of Saudi Arabia to the U.S. (more) |
| 11/19/2010 |
Zahid Tractor Signs Volvo Truck Deal November 3, 2010 – Zahid Tractor, a subsidiary of Zahid Industries & Investment Company Ltd. and the distributor of Volvo trucks in Saudi Arabia, signed a record deal with Saudi Al Ayuni Investment & Contracting Co. to supply 350 Volvo FMX trucks to replace the company’s fleet. (more) |
| 11/17/2010 |
King Abdullah Names Prince Miteb Commander of the National Guard (more) |
| 11/15/2010 |
NGHA Develops Radiotherapy with Varian, IMRIS November 15, 2010 – Saudi Arabian National Guard Health Affairs (NGHA), located at King Saud bin Abdulaziz University in Riyadh, has partnered with U.S. company Varian Medical Systems (Varian) and Canadian IMRIS to develop a magnetic resonance-guided radiation therapy facility. (more) |
| 11/14/2010 |
Saudi Binladin Wins $7.2 Billion Airport Contract November 14, 2010 – The Saudi Binladin Group (SBG) won a contract worth $7.2 billion (SR27.1 billion) for the construction of a new terminal and related infrastructure at King Abdulaziz International Airport (KAIA) in Jeddah. (more) |
| 11/11/2010 |
U.S. Company Authorized to Offer Services for Tadawul November 11, 2010 – The Saudi Stock Exchange (Tadawul) has authorized U.S. company Russell Investments to offer index information about the Kingdom’s bourse. (more) |
| 11/10/2010 |
Effat University Signs Agreement with Mount Holyoke College November 10, 2010 – Effat University (Effat), the first private university for women in Saudi Arabia, has signed an agreement with Mount Holyoke College (Mount Holyoke) in South Hadley, Massachussetts, to expand Effat’s student development and academic programs. (more) |
| 11/10/2010 |
Ministry Awards Ras Azzour Power and Desalination Contracts November 10, 2010 – Minister of Water and Electricity H.E. Abdullah A. Al-Hossein signed two contracts worth $4.18 billion (SR15.68 billion) for the construction of the power and desalination plants in Ras Azzour in the Eastern Province. (more) |
| 11/10/2010 |
SABIC Americas and Lummus Sign Technology Deal November 10, 2010 – SABIC Americas, the U.S. subsidiary of SABIC, has signed a deal with U.S. company Lummus Technology Inc. (Lummus) to develop and commercialize the toluene methylation technology to produce paraxylene. (more) |
| 11/8/2010 |
Al-Khodari Wins Airport Contract November 8, 2010 – Abdullah A.M. Al-Khodari Son Co. (Al-Khodari) was awarded a $23 million (SR86.25 million) contract from the Saudi Ministry of Interior to build an airport in the town of Umm Mulh, located in the south of Saudi Arabia. (more) |
| 11/8/2010 |
Aramco Services Company Awards Pratt & Whitney Aircraft Maintenance Contract November 8, 2010 – Pratt & Whitney Canada (P&WC), a subsidiary of United Technologies Corporation, has signed a multi-year fleet management contract with Aramco Associated Company, a subsidiary of Aramco Services Company that owns, operates, and leases a variety of aircraft used in Saudi Aramco’s operations. (more) |
| 11/8/2010 |
Saudi Binladin Signs Contract with U.S. Company for Holy Mosque Expansion November 8, 2010 – Saudi Binladin Group (Saudi Binladin) signed a contract with U.S. company Johnson Controls, Inc. (Johnson Controls) to purchase energy efficient products and services for the expansion of the Holy Mosque in Makkah, Saudi Arabia. (more) |
| 11/8/2010 |
Saudi Inflation Continues to Slow November 8, 2010 – Saudi Arabia’s annual inflation slowed again in the month of October, dropping to 5.8 percent from 5.9 percent in September. (more) |
| 11/8/2010 |
Saudia Purchases 12 Boeing 777s November 8, 2010 – Saudi Arabian Airlines (Saudia) ordered 12 Boeing 777 aircraft at a value of $3.3 billion (SR 12.38 billion) as part of a long-term plan to expand and modernize the airline’s fleet. (more) |
| 11/4/2010 |
David Seaton Appointed CEO of Fluor Corporation Fluor Corporation announced that David T. Seaton, the company’s Chief Operating Officer (COO) and also a Board Member of the U.S.-Saudi Arabian Business Council, will succeed Alan L. Boeckmann as Chief Executive Officer (CEO). (more) |
| 11/4/2010 |
Saudi Arabia Ranks 11th among World’s Top 20 Business-Friendly Economies According to the World Bank’s Doing Business 2011 report released in November 2010, Saudi Arabia has jumped to the rank of 11th most business-friendly country in the world, up from its position as 13th on the “Ease of Doing Business” Index released last year. (more) |
| 11/3/2010 |
Saudi Aramco Aims to Reduce Carbon Footprint November 3, 2010 – Saudi Aramco announced a pilot project to reduce carbon emissions by capturing and storing carbon dioxide emitted from its oil and gas plants. (more) |
| 11/3/2010 |
Saudi NGHA Signs Agreement with U.S. Companies for Cancer Treatment Technology November 3, 2010 – The Saudi Arabian National Guard Health Affairs (NGHA) signed an agreement with U.S. companies Varian Medical Systems, Inc. (Varian) and IMRIS Inc. (IMRIS) to develop and implement a new cancer treatment called magnetic resonance-guided radiation therapy (MRgRT). (more) |
| 11/1/2010 |
The SEC Signs Agreement for Jeddah Gate and Al-Khobar Lakes Projects November 1, 2010 – The Saudi Electricity Company (SEC) has signed an agreement with U.A.E. company Emaar Properties PJSC (Emaar) to integrate the supply infrastructure for Emaar’s Jeddah Gate and Al-Khobar Lakes developments in Saudi Arabia. (more) |
| 10/28/2010 |
KAU to Prepare Climate Change Report for World Bank October 28, 2010 – King Abdulaziz University (KAU) has been commissioned by the World Bank to prepare a report on climate change in the Arab world. (more) |
| 10/28/2010 |
Saudi Aramco to Build Photovoltaic-Covered Parking Lot October 28, 2010 – Saudi Aramco announced plans to purchase 10 megawatts of copper indium sulfide solar modules from Japanese company Solar Frontier KK, a subsidiary of Showa Shell Sekiyu K.K. (Shell), for a parking lot to be built in Dhahran. (more) |
| 10/26/2010 |
Saudi Aramco, Shell Joint Venture to Extend Drilling to 2015 October 26, 2010 – South Rub Al Khali Company (SRAK), a joint venture between Saudi Aramco and Royal Dutch Shell PLC, has extended its exploration license to drill for natural gas in the Kingdom until 2015. (more) |
| 10/26/2010 |
VSD Receives the Compass Award for International Trade October 26, 2010 – U.S. company VSD, LLC (VSD) won the Commonwealth of Virginia Compass Award for Excellence in International Trade. (more) |
| 10/25/2010 |
Honeywell Awards its First Repair and Overhaul License in Region October 25, 2010 – Honeywell International (Honeywell) announced it has awarded its first repair and overhaul license in the Middle East to Jeddah-based company Aircraft Accessories and Components Company, Inc. (AACC). (more) |
| 10/22/2010 |
Saudi Arabia to Establish Center for Energy Conservation October 20, 2010 – Speaking at the International Energy Symposium held in Riyadh, Assistant Minister of Petroleum H.R.H. Prince Abdulaziz Bin Salman Al-Saud announced plans to establish a national center for rational energy policy in King Abdulaziz City for Science and Technology. (more) |
| 10/20/2010 |
Ma’aden Awards $222 Million in Contracts for Ras Azzour October 20, 2010 – Saudi Arabian Mining Company (Ma’aden) awarded three contracts, valued at $148.8 million (SR558 million), to Red Sea Housing Services for the rental of large residential buildings in Ras Azzour on the eastern coast of Saudi Arabia. (more) |
| 10/17/2010 |
Chevron Renews Contract with NAPESCO October 17, 2010 – Saudi Arabian Chevron (Chevron) has renewed its contract with National Petroleum Services Company (NAPESCO) for work on its joint operations with Kuwait Gulf Oil Company. (more) |
| 10/17/2010 |
Dow, Tasnee Joint Venture Awards Petrochemicals Contract October 17, 2010 – The Saudi Acrylic Monomer Company (SAMCO) awarded an engineering, procurement, and construction contract to a consortium between German company Linde and South Korean company Samsung Engineering. (more) |
| 10/12/2010 |
Etihad Registers Arabic Domain Name October 12, 2010 – Etihad Atheeb Telecommunication Company (Etihad), a subsidiary of Atheeb Trading Co. Ltd., announced that it has registered two Arabic domain names with the Saudi Network Information Center (SaudiNIC). (more) |
| 10/12/2010 |
Saudi Aramco, Total Issue $1 Billion Sukuk October 11, 2010 – Saudi Aramco will issue Islamic bonds, also known as sukuk, worth $1 billion (SR3.75 billion) in the fourth quarter of 2010. (more) |
| 10/11/2010 |
Abdulla Ali Kanoo Dies at Age 83 October 11, 2010 – Abdulla Ali Kanoo, Chairman and Chief Executive Officer of Yusuf Bin Ahmed Kanoo, died at the age of 83 in his home in Manama, Bahrain on October 10th. (more) |
| 10/11/2010 |
Prince Al-Waleed Named Most Influential Arab October 11, 2010 - H.R.H. Prince Al-Waleed Bin Talal, Chairman of Kingdom Holding Co., topped Middle East Magazine’s 2010 list of the World’s 50 Most Influential Arabs for the second year in a row. (more) |
| 10/11/2010 |
Saudi Inflation Slows in September October 11, 2010 – Saudi Arabia’s inflation slowed in September for the first time in eight months, dropping to 5.9 percent from 6.1 percent in August. (more) |
| 10/6/2010 |
Goettsch to Build Largest Hotel in Riyadh October 6, 2010 – U.S. architectural firm Goettsch Partners, Inc. (Goettsch) has announced plans for a new five-star 900-bedroom Hilton hotel and serviced apartment complex in Riyadh. (more) |
| 10/5/2010 |
Al Khaleej Teams with U.S. Company for New Curriculum October 5, 2010 – Al Khaleej Training and Education Corporation (Al Khaleej) has opened its first school to use curriculum from U.S. company Nobel Learning Communities, Inc. (Nobel). (more) |
| 10/5/2010 |
Zamil Wins Contracts for Makkah Metro October 5, 2010 – Zamil Air Conditioners (Zamil), a subsidiary of Zamil Group Holding, has won multiple contracts to provide custom climate control solutions for the first phase of the Makkah Metro Railway project. (more) |
| 10/4/2010 |
GE To Supply $700 Million of Power Equipment October 4, 2010 – General Electric Company (GE) signed a contract worth $700 million (SR2.63 billion) to provide power generation equipment and maintenance services for a new natural gas power plant in Dhuruma, Saudi Arabia, west of Riyadh. (more) |
| 10/4/2010 |
KACST Signs Agreement with NASA October 4, 2010 – The King Abdul Aziz City for Science and Technology (KACST) has signed two agreements with NASA for the expansion of Saudi Arabia’s space program. (more) |
| 10/3/2010 |
GE and Miahona to Collaborate on Sustainable Water Solutions October 3, 2010 – General Electric Company (GE) has signed a memorandum of understanding with Miahona, a subsidiary of the Arabian Company for Water and Power Development Ltd., to work on sustainable water supply and wastewater management solutions for Saudi Arabia. (more) |
| 9/30/2010 |
Saudi Government Orders National IDs from U.S. Company September 30, 2010 – U.S. company LaserCard Corporation (LaserCard) received a follow-on order worth $2.2 million (SR8.25 million) from the Saudi Government to supply identification cards for Saudi citizens. (more) |
| 9/29/2010 |
KAUST, BP Test New Solar Technology September 29, 2010 – King Abdullah University for Science and Technology (KAUST) has partnered with BP Solar, a division of BP, to develop new solar technology designed to perform more efficiently in extreme temperatures. (more) |
| 9/29/2010 |
SEC Awards Power Plant Contract to Doosan September 28, 2010 – The Saudi Electricity Company (SEC) recently awarded a contract to expand its Rabigh 6 power plant to Korean Doosan Heavy Industries and Construction Company (Doosan). (more) |
| 9/28/2010 |
KACST and Intel Open Center for Wireless Applications September 28, 2010 - King Abdulaziz City for Science and Technology (KACST), in partnership with U.S. company Intel Corporation, opened the region’s first Center of Excellence for Wireless Applications (CEWA) in Riyadh. (more) |
| 9/27/2010 |
Moody’s Reports Stable Outlook for Saudi Banks September 27, 2010 – The outlook for the Saudi banking system will remain stable, reports Moody’s Investor Services (Moody’s) in its annual Banking Systems Outlook on Saudi Arabia. (more) |
| 9/27/2010 |
Registration Opens for Arabic Domain Names September 27, 2010 – Saudi Network Information Center (SaudiNIC), an organization created to manage domain names with the country code “.sa,” has opened registration for Arabic domain names, which use Arabic characters. (more) |
| 9/27/2010 |
SR40 Billion Surplus Projected for Saudi Economy September 27, 2010 - Al-Rajhi Capital (Al-Rajhi), the investment banking arm of Al-Rajhi Bank, has projected a 3.9 percent growth for the Saudi economy for 2010. (more) |
| 9/26/2010 |
SAMA Releases 46th Annual Report The Saudi Arabian Monetary Agency (SAMA) has released its latest annual report which shows the Kingdom remained resilient in 2009 with a $22.77 billion (SR85.4 billion) balance of payments surplus. (more) |
| 9/23/2010 |
ABANA Awards H.E. Dr. Muhammad Al-Jasser [New York, NY – September 23, 2010] – The Arab Bankers Association of North America (ABANA) will present His Excellency Dr. Muhammad Sulaiman Al-Jasser, Governor of the Saudi Arabian Monetary Agency (SAMA), with the 2010 ABANA Achievement Award in New York City on October 12, 2010. James D. Wolfensohn, Chairman of Wolfensohn & Company and former President of the World Bank Group, will introduce Dr. Al-Jasser at this event. (more) |
| 9/23/2010 |
Saudi Aramco Awards Contract to McDermott September 23, 2010 – Saudi Aramco awarded a contract to U.S. company McDermott International, Inc. (McDermott) to work on the Abu Safah, Safahniyah, and Berri fields under the Offshore Maintain Potential Project. (more) |
| 9/21/2010 |
SEC Wins SR1.8 Billion Railway Contract September 21, 2010 – The Saudi Electricity Company (SEC) won a $488 million (SR1.83 billion) contract to supply electricity for the North-South Railway Project that will link Makkah, Madinah, and Jeddah. (more) |
| 9/20/2010 |
Al-Khodari to Launch IPO Valued at $110 million September 20, 2010 – Abdullah A.M. Al-Khodari Sons Co. (Al-Khodari) will launch an initial public offering (IPO) valued at approximately $113.33 million (SR425 million) of 12.75 million shares, the equivalent of 30 percent of the company’s capital, from October 4-10. (more) |
| 9/20/2010 |
GACA to Build Two New Airports September 20, 2010 – The General Authority of Civil Aviation (GACA) announced plans to build two new airports, in Jizan and in Taif, with additional expansions of existing airports. (more) |
| 9/20/2010 |
J.P. Morgan Launches Education Program in Saudi Arabia September 20, 2010 – U.S. company J.P. Morgan Chase & Co. (J.P. Morgan) launched and commenced recruitment for its Saudi Graduate Development Program to expand on its investment in the Kingdom. (more) |
| 9/20/2010 |
SABIC Develops Anti-Static Compound September 20, 2010 – SABIC Innovative Plastics announced the development of three new anti-static compounds for inhalation devices in the medical industry. (more) |
| 9/20/2010 |
Saudi Agricultural Production Reaches $11.7 Billion September 20, 2010 –Saudi gross domestic agricultural production reached $11.7 billion (SR44 billion) in 2009, according to a report by the Saudi Press Agency. (more) |
| 9/20/2010 |
Saudi Public Lending Groups Issue $107 billion September 20, 2010 – Saudi public lending organizations have given more than $107.2 billion (SR402 billion) loans to Saudi citizens since their inceptions to carry out industrial, agriculture, and real estate projects across the Kingdom, according to a report released by the Saudi Press Agency. (more) |
| 9/19/2010 |
Gulf International Bank’s Credit Rating Affirmed September 19, 2010 – Gulf International Bank (GIB) has been affirmed by Standard & Poor Ratings Services (S&P) for its BBB+ long-term counterparty credit rating, as well as its A-2 short-term counterparty rating. (more) |
| 9/18/2010 |
Saudia Offers In-Flight Mobile Network September 18, 2010 – Saudi Arabian Airlines (Saudia) will now offer mobile phone and internet access on Airbus 330 flights using the new “OnAir” connection service. (more) |
| 9/18/2010 |
SEC Increases Generation Capacity 10.6 Percent September 18, 2010 – The Saudi Electricity Company (SEC) increased its generating capacity 10.6 percent in 2009 to reach 38,680 megawatts (MW), according to a report from the Saudi Press Agency. (more) |
| 9/17/2010 |
Saudi Banking Tops GCC Financial Results September 17, 2010 - The banking sector in Saudi Arabia topped the Gulf Cooperation Council (GCC) in July in terms of financial health, according to a report published by KAMCO Research. (more) |
| 9/16/2010 |
Kingdom Accounts for 61 Percent of GCC Dairy Market September 16, 2010 – Saudi Arabia accounts for a 61 percent share of the $2.8 billion (SR10.5 billion) dairy market in the Gulf Coorporation Council, according to industry analysts. (more) |
| 9/16/2010 |
SABIC Develops New Technology for Aircraft September 16, 2010 – SABIC Innovative Plastics announced the company’s development of composite aerospace board (CAB) sheets that feature a new technology for the semi-structural aircraft interior parts. (more) |
| 9/10/2010 |
GACA to Build Two New Airports September 20, 2010 – The General Authority of Civil Aviation (GACA) announced plans to build two new airports, in Jizan and in Taif, with additional expansions of existing airports. (more) |
| 9/8/2010 |
Saudi Inflation Rises to 6.1 Percent September 8, 2010 - The Saudi inflation rate rose for the seventh month in a row to reach 6.1 percent in August, compared to 6.0 percent in July. (more) |
| 9/6/2010 |
Saudi Aramco Commercializes Green Wastewater Technology September 6, 2010 – Saudi Aramco announced that it will work with German company Siemens Water Technology (Siemens) to commercialize the EcoRight wastewater technology patented earlier this year. (more) |
| 8/30/2010 |
Hill International to Manage Jabal Omar Development Aug. 30, 2010 - Hill International, an American multi-disciplinary consulting firm, received a contract to provide project management services for the Jabal Omar Development in Makkah. (more) |
| 8/30/2010 |
MODON Establishes First Industrial City in Taif August 30, 2010 – Saudi Industrial Property Authority (MODON) began work on the development for the 4.2 square miles (11 million square-meter) Taif Industrial City, located in the Makkah Province. (more) |
| 8/30/2010 |
Samba Launches Mobile Banking Applications August 30, 2010 – Samba Financial Group announced the formal launch of their new mobile banking applications for the Apple iPhone and Blackberry handheld devices. (more) |
| 8/30/2010 |
Saudi Aramco and ExxonMobil Invest $2.5 Billion in Clean Fuel Project August 30, 2010 – Saudi Aramco and U.S. company Exxon Mobil Corporation (ExxonMobil) are investing in a $2.5 billion (SR9.38 billion) clean fuel project for Yanbu Refinery. (more) |
| 8/29/2010 |
SABIC Signs Agreement for Renewable Feedstocks Plant August 29, 2010 – Saudi Basic Industries Corporation (SABIC) signed an agreement with German Company Lurgi GmbH for the technology licensing and engineering that will enable SABIC to produce the oleochemicals needed for a renewable feedstocks plant. (more) |
| 8/27/2010 |
Abdulaziz bin Al-Tuwaijri Named President of SPA August 27, 2010 – Custodian of the Two Holy Mosques King Abdullah appointed Abdulaziz bin Al-Tuwaijri as President of the Saudi Ports Authority (SPA), replacing H.E. Dr. Khaled Ahmed Bubshait. (more) |
| 8/27/2010 |
Euromoney Names NCBC Best Research House August 27, 2010 – Euromoney’s 2010 Middle East research survey named NCB Capital (NCBC), the research division of the National Commercial Bank, Best Research House in the three categories of the cement; consumer goods and retail; and food and agriculture sectors. (more) |
| 8/24/2010 |
EMD Delivers Locomotives for North-South Railway August 24, 2010 – U.S. company Electro-Motive Diesels (EMD) has delivered six D70ACS heavy haul AC diesel electric locomotives to the Saudi Railways Company for use on the North-South Railway Project. (more) |
| 8/24/2010 |
Saudi Inflation Peaks at 6 Percent in July August 24, 2010 - The Saudi inflation rate reached a 14-month high in July, according to the Saudi Arabian Monetary Agency. (more) |
| 8/23/2010 |
SEC Approves $3.9 billion in Projects August 23, 2010 – The Saudi Electricity Company (SEC) approved $3.92 billion (SR14.7 billion) worth of new projects to meet the increasing demand for electricity in the Kingdom. (more) |
| 8/20/2010 |
Northrop Grumman Services Saudi Air Force August 20, 2010 – U.S. company Northrop Grumman received a $9.8 million (SR36.8 million) contract to upgrade power amplifiers for the Royal Saudi Airforce’s (RSA) airborne warning and control system fleets, according to the U.S. Department of Defense. (more) |
| 8/19/2010 |
Newsweek Names King Abdullah among Top 10 Global Leaders August 19, 2010 – Newsweek named Custodian of the Two Holy Mosques King Abdullah among the Top 10 most respected global leaders, commending him for his efforts to reform Saudi society. (more) |
| 8/18/2010 |
Former Jeddah Mayor Appointed Labor Minister Following the Death of H.E. Dr. Ghazi Al-Gosaibi August 18, 2010 – Former Jeddah Mayor H.E. Eng. Adel Fakieh was appointed by King Abdullah, Custodian of the Two Holy Mosques, as the new Minister of Labor on August 18, 2010, following the death of H.E. Dr. Ghazi Al-Gosaibi. Dr. Al-Gosaibi died at the age of 70 on August 15, 2010 at King Faisal Specialist Hospital in Riyadh, after a prolonged battle with cancer. (more) |
| 8/16/2010 |
Saudi Kayan Receives Loan From NCB to Complete Complex August 14, 2010 – Saudi Kayan Petrochemical Company (Kayan), an affiliate of Saudi Basic Industries Corporation, announced it has received a $1.2 billion (SR4.5 billion) loan from The National Commercial Bank to complete construction of its new petrochemicals complex in Jubail. (more) |
| 8/14/2010 |
Saudi Binladin Subsidiary Partnering with U.S. Company on Solar Plant August 14, 2010 – Vision Electrical Mechanical Co. (Vision), a subsidiary of Construction Products Holding Company which is owned by Saudi Binladin Group, has partnered with U.S. company SolFocus, Inc. to build eight solar power plants in Saudi Arabia. (more) |
| 8/11/2010 |
Ninth Five-Year Plan Includes $385 Billion in New Spending August 11, 2010 – The Saudi Council of Ministers has approved the Ninth Five-Year Development Plan, which allocates $385 billion (SR1.4 trillion) to projects across all sectors through 2014. (more) |
| 8/11/2010 |
SEC Wins Best Islamic Finance Award August 11, 2010 – Islamic Finance News honored Saudi Electricity Company (SEC) with the award for Best Islamic Finance in the Kingdom of Saudi Arabia for SEC’s second sukuk issue, which amounted to $1.87 billion (SR7 billion) in July 2009. (more) |
| 8/10/2010 |
Siemens Completes Al-Qassim Substation for SEC August 10, 2010 – German company Siemens completed its $204.3 million (SR 766.13 million) project with Saudi Electricity Company (SEC) to provide technical solutions for SEC’s new substation in Al-Qassim. (more) |
| 8/9/2010 |
ABB Wins $20 Million Contract from SADAF August 9, 2010 – ABB won a $20 million (SR75 million) contract from Saudi Petrochemical Company (SADAF) to provide power management solutions at SADAF’s manufacturing complex in Jubail. (more) |
| 8/2/2010 |
Saudi Aramco Approves CPA for Yanbu Export Refinery Project August 2, 2010 – Saudi Aramco approved the master purchasing contract for U.S. company Flowserve Corporation (Flowserve) to provide pumps, valves, and services for the Yanbu Export Refinery project. (more) |
| 8/1/2010 |
Kanoo Announces Partnership with STA Travel August 1, 2010 – Kanoo Travel (Kanoo), one of the Middle East’s leading travel agencies, is partnering with U.S. company STA Travel (STA). (more) |
| 7/31/2010 |
UNESCO Names Diriyah a World Heritage Site July 31, 2010 – The World Heritage Committee of the United Nations Educational, Scientific and Cultural Organization (UNESCO) approved Diriyah’s Turaif District as a World Heritage Site during UNESCO’s 34th meeting in Brasilla, Brazil. (more) |
| 7/30/2010 |
Saudi Aramco Advances Petroleum Technology July 29, 2010 – Saudi Aramco has developed a new technique to stimulate natural gas production in its gas fields. (more) |
| 7/30/2010 |
Saudia Launches 20 New Planes July 30, 2010 – Saudi Arabian Airlines (Saudia) announced the arrival of 20 new planes to increase the airline’s capacity. (more) |
| 7/29/2010 |
Xenel and AECOM Joint Venture Receives Housing Contract July 29, 2010 – Officials of the Jizan Province awarded a management contract to Resources Sciences Arabia Limited, a joint venture between Xenel Group and U.S. company AECOM Technology Corporation, for a housing development project in the Kingdom. (more) |
| 7/28/2010 |
ABB Installs Green Technology in Waseel Tower July 28, 2010 – ABB will implement KNX smart building technology in the 21-story Waseel Tower, located in the financial district of Riyadh. (more) |
| 7/28/2010 |
J.P. Morgan to Establish First Full-Service U.S. Bank in the Kingdom July 28, 2010 – J.P. Morgan Chase & Co. (J.P. Morgan) announced plans to expand its existing investment banking office and open the first full-service U.S. commercial bank in the Kingdom, in an attempt to attract more corporate and institutional customers. (more) |
| 7/26/2010 |
Kingdom 2nd Largest Exporter of Raw Materials July 24, 2010 – Saudi Arabia ranked as the second largest exporter of raw materials in the world, according to World Trade Organization data. (more) |
| 7/26/2010 |
Saudi Arabia Ranks Among Top 10 Most Attractive Countries in the World for FDI According to the World Investment Report 2010 that was recently released by the United Nations Conference on Trade and Development (UNCTAD), Saudi Arabia was the eighth largest recipient of foreign direct investment (FDI) in the world in 2009, moving up six spots from its rank of 14th in 2008. (more) |
| 7/22/2010 |
Booz Allen to Train Saudi Navy July 22, 2010 – Booz Allen Hamilton, Inc. (Booz Allen) won a $20.7 million (SR77.6 million) contract to provide training, education, engineering, technical, and management services for the Royal Saudi Naval Forces under the U.S. Government’s Foreign Military Sales program. (more) |
| 7/21/2010 |
Al-Tayyar Insures Pilgrims Worldwide July 21, 2010 – Al-Tayyar Insurance Broker, a subsidiary of the Al-Tayyar Travel Group based in Riyadh, recently signed an agreement with local Company for Cooperative Insurance to market, distribute, and sell insurance policies to international Hajj and Umrah pilgrims. (more) |
| 7/21/2010 |
Sikorsky to Supply Helicopters to Saudi Ministry July 21, 2010 – U.S.-based Sikorsky announced that it will supply 12 S-76D helicopters to the Saudi Ministry of Interior. (more) |
| 7/20/2010 |
Consumer International Grants Membership to CPA July 20, 2010 – Consumer International (CI), a global consumer group federation, accepted the Saudi Consumer Protection Association (CPA) as its newest member. (more) |
| 7/20/2010 |
SPX to Deliver Cooling Systems for Riyadh PP11 July 20, 2010 –Hyundai Heavy Industries Korea (Hyundai) awarded a contract worth $41 million (SR153.8 million) to U.S. company SPX Corporation (SPX) to design, manufacture, and supervise the construction of two dry cooling systems for the Riyadh Power Plant 11 (Riyadh PP11). (more) |
| 7/19/2010 |
El Seif Group to Travel by Bombardier Challenger Jet July 19, 2010 – El Seif Group (El Seif) announced its purchase of a Challenger 605 commercial aircraft from Bombardier Aerospace. The company said that the new jet will be used primarily for executive travel between El Seif’s various Middle East operations. (more) |
| 7/19/2010 |
Kingdom Ranked Top Humanitarian Donor by U.N. July 19, 2010 – The United Nations ranked Saudi Arabia as the largest international donor to humanitarian appeals, according to a recent report released by the organization. The rankings are based upon the amount of international aid given as a percentage of GDP. (more) |
| 7/19/2010 |
NCB Wins Investment Award July 19, 2010 – The National Commercial Bank (NCB), Saudi Arabia’s largest investment bank, won the award for “Best Investment Product Range” at the International Takaful Awards held July 13-15th in London, U.K. (more) |
| 7/19/2010 |
Saudi Binladin Sells $187 Million Worth of Bonds July 19, 2010 – Saudi Binladin Group (Saudi Binladin), Saudi Arabia’s largest construction company, recently issued short-term Islamic bonds worth $187 million (SR700 million). (more) |
| 7/18/2010 |
Raytheon to Supply Saudi Missiles July 18, 2010 - Raytheon Company has signed a contract to provide tube-launched, optically-tracked, wireless-guided (TOW) missiles to the U.S. government as part of a foreign military sale to Saudi Arabia’s National Guard. The contract, worth $55 million (SR206.3), will better prepare the Saudi military to defend against foreign threats. (more) |
| 7/16/2010 |
World Bank Supports Green SMEs in Kingdom July 16, 2010 – The International Finance Corporation (IFC), a member of the World Bank Group, recently signed a loan agreement with Saudi Orix Leasing Company (SOLC) worth $20 million (SR75 million). (more) |
| 7/15/2010 |
ABB Provides Technology for Green Campus July 15, 2010 – ABB recently won a contract from Saudi Oger, Ltd. to implement its KNX system in all buildings on the campus of the Princess Noura Bint Abdulrahman University for Women (PNU) in Riyadh. (more) |
| 7/14/2010 |
SEDCO Selects Brocade for Network Solutions July 14, 2010 – Saudi Economic & Development Holding Company, Ltd. (SEDCO) recently announced that it has chosen U.S. company Brocade to supply a high performance internet protocol network for its facilities at the Red Sea Mall in Jeddah. (more) |
| 7/13/2010 |
GIB to Manage Al-Khodari IPO July 13, 2010 – GIB Financial Services, the Riyadh-based subsidiary of U.S. Gulf International Bank B.S.C., will be the financial advisor, lead manager, and co-underwriter for a forthcoming initial public offering (IPO) for Abdullah A.M. Al-Khodari Sons Co. (Al-Khodari), a leading general contracting firm based in Dammam. (more) |
| 7/10/2010 |
SABIC Featured in New Saudi ETF July 10, 2010 – The Capital Market Authority recently approved the Kingdom’s second exchange-traded fund (ETF), which is set to post July 10 and will be worth $6.7 million (SR25 million). (more) |
| 7/10/2010 |
Saudi Inflation Reaches 13-Month High July 10, 2010 – The Saudi inflation rate reached a 13-month high in June, according to the Saudi Central Department of Statistics. Inflation for the month of June was 5.5 percent, compared to 5.4 percent in May. (more) |
| 7/8/2010 |
Rotana Content to be Available on Yahoo July 8, 2010 – Rotana Media Group (Rotana), a subsidiary of Kingdom Holding Co., recently signed a contract with Yahoo Middle East to broadcast its Arabic-language programing on Yahoo’s website. (more) |
| 7/7/2010 |
Kingdom Holding to Launch News Channel with FOX Network July 7, 2010 – Kingdom Holding Co., owned by H.R.H Prince Alwaleed Bin Talal, recently announced its plans to launch an Arabic language news channel in partnership with the FOX News Network (FOX). (more) |
| 7/7/2010 |
Kingdom Ranks Top in Region for Combating Money Laundering July 7, 2010 - Saudi Arabia ranks first in the Middle East and among the top 10 of the G-20 countries in terms of combating money laundering and terrorist financing, according to a report by the Financial Action Task Force (FATF). (more) |
| 7/7/2010 |
NCB Buys HP Servers July 7, 2010 – The National Commercial Bank (NCB) recently purchased a new Information Technology Data Center to improve the bank’s hardware infrastructure from Hewlett Packard (HP). (more) |
| 7/6/2010 |
Bahara Cables Receives ISO Certification July 6, 2010 – Bahara Cables Co. (Bahara Cables), a subsidiary of Saudi Binladin Group, recently received certification by the International Organization for Standardization (ISO) for its range of medium voltage and high voltage cables that run up to 132 kilovolts. (more) |
| 7/5/2010 |
Alfanar, SEC Partner to Power Hail Region July 5, 2010 – Alfanar Co. (Alfanar) recently secured a $122 million (SR457.5 million) contract with Saudi Electricity Company to expand its existing power plant in Hail. (more) |
| 7/1/2010 |
Boeing to Improve AWACS Aircraft Radar for Saudi Air Force July 1, 2010 – The Boeing Company was recently awarded a $73 million (SR273.75 million) contract to improve the radar capabilities of the Royal Saudi Air Force’s fleet of Airborne Warning and Control System (AWACS) aircraft. (more) |
| 6/30/2010 |
ABB Wins Contract with SEC June 30, 2010 – ABB recently won a contract with Saudi Electricity Company (SEC) to design, supply, install, and commission a power substation near the King Abdullah Financial District in Riyadh. (more) |
| 6/30/2010 |
GE Chooses Kingdom as Base of Middle East Operations June 30, 2010 – General Electric Company (GE) announced plans to use Saudi Arabia as its manufacturing and distribution hub for the wider Middle East region. (more) |
| 6/29/2010 |
Ma’aden Approves Financing for Alcoa JV June 29, 2010 – Saudi Arabia Mining Company (Ma’aden) approved $4.5 billion (SR16.88 billion) for financing the first phase of the aluminum smelter being developed with Alcoa, Inc. at Ras Azzour. (more) |
| 6/28/2010 |
Aramco Seeks Partners for Wasit Project June 28, 2010 – Saudi Aramco recently announced that it is accepting bids for contractors to build the company’s planned Wasit Gas Plant in the Eastern Province. (more) |
| 6/28/2010 |
SATORP Completes Financing for Jubail Refinery June 28, 2010 – Saudi Aramco Total Refining and Petrochemical Company (SATORP), a joint venture owned by Saudi Aramco and French Total, recently completed financing for its $8.5 billion (SR31.88 billion) for its planned crude oil refinery in Jubail. (more) |
| 6/24/2010 |
SEC to Build Riyadh 11 Plant with Consortium June 24, 2010 - The Saudi Electricity Company (SEC) recently signed a $2 billion (SR7.9 billion) contract with a consortium of three companies, GDF Suez of France, Sojitz Corp. of Japan, and Al Jomaih Holding Group, to build a natural gas-fired power plant named Riyadh 11. (more) |
| 6/19/2010 |
Ma’aden, Alcoa Break Ground on Aluminum Plant June 19, 2010 – Saudi Arabian Mining Company (Ma’aden) recently announced that it had begun construction on its fully integrated aluminum complex being developed in cooperation with Alcoa, Inc. (more) |
| 6/19/2010 |
Zamil Awarded $46 Million Water Project June 19, 2010 – Zamil Holding Company recently received a $46.13 million (SR173 million) contract as part of a consortium of companies to manage and operate water and wastewater facilities in the cities of Makkah and Taif. (more) |
| 6/16/2010 |
HSBC Named Best Investment Bank in Saudi Arabia June 16, 2010 – Euromoney magazine recently awarded HSBC Saudi Arabia Ltd., the investment arm of the Saudi British Bank, the “Best Investment Bank in Saudi Arabia Award,” at its Euromoney Awards for Excellence ceremony in Beirut, Lebanon. (more) |
| 6/15/2010 |
Ali Alturki Forms Joint Venture with W.R. Grace June 15, 2010 - Khalid Ali Alturki & Sons Co. has formed a joint venture with U.S. company Grace Construction Products, an operating segment of W.R. Grace & Co. (more) |
| 6/14/2010 |
Dabbagh and Greif to Open Packaging Factory June 14, 2010 – National Scientific Company, a subsidiary of Dabbagh Group Holding Co., Ltd., recently announced an agreement with U.S. firm Greif, Inc., a provider of industrial packaging services, to open a polymers factory in Saudi Arabia. (more) |
| 6/14/2010 |
KSU to Establish Nanotechnology Institute June 14, 2010 – H.M. King Abdullah recently approved the establishment of the King Abdullah Institute for Nanotechnology at Riyadh Techno Valley, a part of King Saud University (KSU). (more) |
| 6/13/2010 |
May Inflation Reaches 12-Month High June 13, 2010 – Saudi Arabia’s annualized inflation increased to 5.4 percent in May, the fastest pace since May 2009. (more) |
| 6/11/2010 |
CMA becomes Member of IOSCO June 11, 2010 – The Capital Market Authority (CMA) of Saudi Arabia recently became a member of the International Organization of Securities Commissions (IOSCO). (more) |
| 6/7/2010 |
SABB Securities Named Kingdom’s Best Sub-Custodian June 7, 2010 - In its 2010 survey, Global Finance magazine recently named SABB Securities, a subsidiary of Saudi British Bank, the best sub-custodian in Saudi Arabia. (more) |
| 6/7/2010 |
Saudi Arabia and U.S. to Boost Cooperation in Healthcare June 7, 2010 - Dr. Abdullah Al-Rabeah, Saudi Minister of Health, recently held discussions with Francisco Sanchez, the U.S. Deputy Secretary of International Trade, in Riyadh. (more) |
| 6/6/2010 |
Bahara Cables Receives ISO Certification July 6, 2010 – Bahara Cables Co. (Bahara Cables), a subsidiary of Saudi Binladin Group, recently received certification by the International Organization for Standardization (ISO) for its range of medium voltage and high voltage cables that run up to 132 kilovolts. (more) |
| 6/6/2010 |
Sipchem Launches Two Jubail Chemical Plants July 6, 2010 - Saudi International Petrochemicals Company (Sipchem) has recently begun production at two out of three new chemical plants at its Jubail Industrial City production complex. (more) |
| 6/5/2010 |
Rise in Electricity Tariffs will Fund SEC Projects June 5, 2010 – The Saudi Electricity Company (SEC) will raise prices for industrial, commercial, and government customers beginning July 1, 2010. (more) |
| 6/4/2010 |
ILS Successfully Launches Arabsat Satellite June 4, 2010 – U.S. company International Launch Services (ILS) successfully carried the BADR-5 satellite to geosynchronous transfer orbit on an ILS Proton vehicle for Arabsat of Riyadh. (more) |
| 6/3/2010 |
ABB Signs $8.3 Million Contract to Service GCC Power Grid June 3, 2010 – ABB recently signed a service contract with the Gulf Cooperation Council Interconnection Authority to provide maintenance for equipment and systems at the Gulf Interconnection Grid's newly constructed substations. (more) |
| 6/3/2010 |
Mars Conducts Study for Chocolate Factory in KAEC June 3, 2010 – U.S. chocolate manufacturer Mars, Incorporated (Mars) is conducting a feasibility study for a confectionary factory in King Abdullah Economic City (KAEC). (more) |
| 6/2/2010 |
Mobily Offers Microsoft Mobile Messaging Services June 2, 2010 – Etihad Etisalat (Mobily) has started offering new managed hosted messaging and collaboration services to businesses in Saudi Arabia. (more) |
| 6/2/2010 |
Retail Sales Predicted to Increase $50 Billion by 2014 June 2, 2010 – Saudi Arabia’s retail sector is expected to grow by $50 billion (SR187.5 billion) by 2014 as more international brands look to expand their businesses into the Kingdom. (more) |
| 6/1/2010 |
KEC’s IPO Raises over $450 million in First Week June 1, 2010 – The initial public offering (IPO) for Knowledge Economic City (KEC), which closed May 30, was 165 percent oversubscribed after more than 1.9 million subscribers injected approximately $450.7 million (SR1.7 billion) into the company’s IPO. (more) |
| 6/1/2010 |
Shuqaiq Desalination Plant Begins Production June 1, 2010 – Shuqaiq Water and Electricity Company announced that its combined desalination and power plant north of Jizan recently started production. (more) |
| 5/31/2010 |
Financial Times Lists SABIC as World's 66th Largest Company May 31, 2010 - Financial Times has released its Global 500 list of the world’s largest enterprises ranked by market value. According to the list, Saudi Basic Industries Corporation (SABIC) rose by 51 levels from the 117 position in 2009 to number 66 in 2010. (more) |
| 5/31/2010 |
Zain Installs 4G LTE Network in Riyadh May 31, 2010 – Saudi Mobile Telecommunications Company (Zain) recently launched a new 4G Long-Term Evolution (LTE) telecommunications network in Riyadh. (more) |
| 5/30/2010 |
Saudi Advisors Tour Supreme Court May 30, 2010 –Chief Justice of the Supreme Court of the United States John G. Roberts recently received H.H. Dr. Bandar Bin Salman Bin Mohammed Al-Saud, Advisor to the King and Head of the Saudi Arbitration Team, for meetings in Washington, D.C. (more) |
| 5/29/2010 |
DHS Secretary Napolitano Visits the Kingdom May 29, 2010 – Secretary of the U.S. Department of Homeland Security Janet Napolitano traveled to the Kingdom May 30-31 at the invitation of H.R.H. Prince Mohammad Bin Naif Al-Saud to meet with top Saudi officials concerning a variety of global security issues, such as counter-terrorism, counter-radicalization, and cooperation on protecting critical infrastructure. (more) |
| 5/29/2010 |
Saudi Arabia and U.S. Expand Cooperation in Health Sector May 29, 2010 – The Kingdom has announced plans to establish a Gulf Center for Disease Control (GCDC) to coordinate health activities in the region. (more) |
| 5/26/2010 |
Saudi Aramco and GE Sign Long-Term Agreement May 26, 2010 – Saudi Aramco has signed a corporate procurement agreement (CPA) to establish a long-term framework for the supply of General Electric Company’s (GE) turbomachinery equipment and services to support the efficient production of the Kingdom’s oil and gas reserves. (more) |
| 5/26/2010 |
Saudi Real Estate Market to Gain Largest Value in Region May 26, 2010 – According to recent report by Jones Lang LaSalle, a leading global commercial real estate management and investment services company, real estate investors expect a 10 percent gain in Saudi Arabia’s real estate market over the next year, far outperforming other markets in the region. (more) |
| 5/25/2010 |
GE and KFUPM Launch Fuel Research Initiative May 25, 2010 – General Electric Company (GE) and King Fahd University of Petroleum and Minerals (KFUPM) have announced an agreement to establish a new fuel research center on the university’s campus in Dhahran. (more) |
| 5/23/2010 |
Cisco Wins Contract from STC May 23, 2010 – Cisco Systems has been granted a contract from the Saudi Telecom Company (STC) to introduce Managed Data Center services to the Saudi market. (more) |
| 5/23/2010 |
KEC Plans to Launch IPO May 23, 2010 – The Kingdom’s Knowledge Economic City (KEC) in Makkah has announced that it will launch an initial public offering (IPO) to raise as much as $272 million (SR1 billion). (more) |
| 5/23/2010 |
SABB Wins IFC Award May 23, 2010 – SABB was named “The Most Active Confirming Bank in the MENA Region,” becoming the first bank in the Kingdom to win one of the most prestigious awards from the World Bank Group’s International Finance Corporation (IFC). (more) |
| 5/20/2010 |
KAUST Completes First Solar Plant in Saudi Arabia May 20, 2010 - German Company Conergy AG and Local National Solar Systems (NSS) recently completed a solar plant at King Abdullah University for Science and Technology (KAUST), making it the first and largest solar installation in Saudi Arabia. (more) |
| 5/19/2010 |
U.S. and Saudi Arabia Sign Health Affairs Agreement May 19, 2010 - The U.S. and Saudi Arabia recently signed a cooperation agreement on health affairs at the 63rd World Health Assembly held in Geneva, Switzerland. (more) |
| 5/17/2010 |
Saudi Inflation at 4.9 Percent in April May 17, 2010 – The Saudi inflation rate for the month of April rose to 4.9 percent, up from 4.7 percent in March. (more) |
| 5/16/2010 |
SEC, U.S. Companies Partner to Increase Power Production May 16, 2010 – Saudi Electricity Company (SEC) announced recently that it was offering American firms tenders to build a group of power plants with a combined output of 30,000 megawatts (MW). (more) |
| 5/14/2010 |
New University Created in Dammam May 14, 2010 – The Dammam Campus of King Faisal University (KFU) recently split from its parent institution to become an independent entity. (more) |
| 5/10/2010 |
Raytheon Establishes Branch in Riyadh May 10, 2010 – Raytheon Company has created Raytheon Technical Services Middle East LLC, a private limited company in Riyadh, to pursue training opportunities in the Kingdom and broader Middle East region. (more) |
| 5/10/2010 |
Riyad Capital to Advise Saudi National Medical Care Company May 10, 2010 – The Saudi National Medical Care Company (NMC) has appointed Riyad Capital to act as financial advisor and manager of its initial public offering. (more) |
| 5/10/2010 |
Saudi Aramco Signs Contract for King Abdulaziz Center May 10, 2010 - Saudi Aramco has selected local company Saudi Oger for the main construction contract on its $533 million (SR2 billion) King Abdulaziz Center for Knowledge and Culture in Saudi Arabia’s Eastern Province. (more) |
| 5/10/2010 |
SEC Raises $1.87 Billion in Sukuk, Ensuring Further Expansion May 10, 2010 – Saudi Electricity Company (SEC) has raised $1.87 billion (SR7 billion) from a seven-year Islamic bond (sukuk), which is scheduled to start trading on the Saudi bond market before May 24. (more) |
| 5/8/2010 |
Saudi Binladin Group Dominates Kingdom’s Construction Sector May 8, 2010 – Saudi Binladin Group was ranked #1 in a recent ConstructionWeek poll listing top Saudi construction contractors. (more) |
| 5/6/2010 |
Saudi Aramco Signs Contracts for District Cooling in Dhahran May 6, 2010 – Saudi Aramco has signed a contract with Saudi Tabreed for a $490.7 million (SR1.84 billion) district cooling project on a build-own-operate basis. (more) |
| 5/5/2010 |
MODON Signs Electricity Distribution Agreements for Industrial Cities May 5, 2010 – Saudi Industrial Property Authority (MODON) has signed two agreements with Saudi Electricity Company (SEC) for the transmission of electricity in all 14 of the developer’s industrial cities in the Kingdom. (more) |
| 5/4/2010 |
Saudia Launches SADAD Electronic Payment System May 4, 2010 - Saudi Arabian Airlines (Saudia) announced that it has joined the SADAD nationwide electronic payment system, which allows customers to pay for flight bookings directly through their bank accounts on the internet, telephone, or automatic teller machine outlets. (more) |
| 5/4/2010 |
Tamimi Group Wins Civil Works Contract at Jubail Steel Billets Plant May 4, 2010 – Al-Tamimi Group was awarded a contract to do civil work on Italian company Danieli’s $630 million (SR2.4 billion) steel billets plant in Jubail. (more) |
| 5/3/2010 |
Binladin Group Receives Financing for KAFD May 3, 2010 – Three local banks have agreed to finance a $3.9 billion (SR14.5 billion) loan for Saudi Binladin Group to help fund the construction of King Abdullah Financial District (KAFD) outside of Riyadh. (more) |
| 5/3/2010 |
Sikorsky Upgrades Royal Saudi Land Forces' Black Hawk Helicopters May 3, 2010 - Sikorsky Aerospace Services announced the signing of a contract with the Royal Saudi Land Forces Aviation Command (RSLFAC) to upgrade its fleet of Black Hawk helicopters from the UH-60 A model configuration to the more modern UH-60L model. (more) |
| 5/3/2010 |
Tamimi Group and Intelligroup Form Joint Venture May 3, 2010 – Tamimi Group has signed a joint venture with Intelligroup, Inc. to create Intelligroup Saudi Arabia Co. Ltd. (more) |
| 5/2/2010 |
Fluor and WorleyParsons Joint Ventures Win Ras Azzour Contracts May 2, 2010 - Saudi Arabian Mining Company (Ma’aden) and the U.S. company Alcoa have awarded the contract to build a $2 billion (SR7.5 billion) alumina refinery in Saudi Arabia to a joint venture comprising of the U.S.’s Fluor Corp and Australia’s WorleyParsons. (more) |
| 4/29/2010 |
ABB Awarded Contract for Six New Substations April 29, 2010-The Saudi Electricity Company (SEC) has awarded an order worth $108 million (SR405 million) to ABB to construct six new substations. (more) |
| 4/28/2010 |
Citigroup Plans to Open an Office in Saudi Arabia April 27, 2010 –Citigroup bank is applying to open an office in Saudi Arabia, according to an interview with Saudi shareholders. (more) |
| 4/28/2010 |
Modon Signs $165 Million Agreements with SEC April 28, 2010 – The Saudi Industrial Property Authority (Modon), the government agency which oversees the development of industrial cities in Saudi Arabia, recently signed two agreements, valued at $165 million, with Saudi Electricity Company (SEC) to provide electricity for the industrial cities in Sudair and Dammam. (more) |
| 4/28/2010 |
Saudi Arabia to Increase Power Generation by 6,000 MW April 28, 2010 – The Saudi Ministry of Water and Electricity recently announced new additions to the national power grid which will boost power production by 6,000 megawatts, increasing overall availability to 46,000 megawatts by the end of 2010. (more) |
| 4/28/2010 |
The Kingdom’s IPO Market Rebounds April 28, 2010 – Saudi Arabia will experience a revival in its initial public offering (IPO) market this year, with nine companies in the process of listing shares on the Saudi Stock Exchange (Tadawul). (more) |
| 4/28/2010 |
Zahid Tractor Opens New Oil Testing Facilities in Dammam April 28, 2010 – Zahid Tractor, a subsidiary of Zahid Industries & Investment Company, Ltd., recently announced the opening of its new scheduled oil sampling laboratory in Dammam. (more) |
| 4/27/2010 |
Cabinet Approves National Commission for Endowments April 27, 2010 – The Cabinet has approved the establishment of an independent National Commission for Endowments following recommendations from the Ministerial Committee for Administrative Organization. (more) |
| 4/27/2010 |
KFU Adopts ICDL Program to Boost IT Knowledge April 27, 2010 – King Faisal University (KFU) has adopted the International Computer Driving License (ICDL) program to enhance the information technology knowledge of its personnel in line with government initiatives to transform the Kingdom into a knowledge-based society. (more) |
| 4/27/2010 |
Minister of Commerce and Industry Approves National Insurance Company April 27, 2010 – Minister of Commerce and Industry H.E. Abdullah Zainel Alireza has approved the establishment of a national insurance company with $26.7 million (SR100 million) in capital. (more) |
| 4/27/2010 |
SABIC Hits 19-Month High April 27, 2010 – Saudi Basic Industries Corporation (SABIC) reached a 19-month high on Monday after HSBC increased its price target for the company, helping the Tadawul All-Share Index (TASI) reach a similar peak. (more) |
| 4/27/2010 |
SEC to Award Rabigh Contracts, Launch Sukuk April 27, 2010 – As announced Monday, Saudi Electricity Company (SEC) will receive a $4 billion (SR15 billion) loan from the Saudi Government over the next two years. (more) |
| 4/27/2010 |
SRO Extends Bid Deadline for Haramain Railway Project April 27, 2010 – Saudi Railway Organization (SRO) announced that it has extended the deadline for the bid for the second stage of the 450-kilometer (280-mile) railway that will link the Holy Cities of Makkah and Madinah to Jeddah from April 30 to June 3. (more) |
| 4/26/2010 |
Saudi Oil Demand Forecast to Grow 144 Percent by 2028 April 26, 2010 – Saudi Arabia’s domestic oil demand is expected to rise to 8.3 million barrels a day by 2028, up from current consumption levels of 3.4 million barrels a day, according to Khalid Al-Falih, President and CEO of Saudi Aramco. (more) |
| 4/26/2010 |
Shaw, Saudi Electricity Company Explore New Options for Energy April 26, 2010 – The Saudi Electricity Company (SEC) recently commissioned a study of its power plants by Shaw Group Inc. (more) |
| 4/26/2010 |
TVTC Plans to Create 4 Million Jobs April 25, 2010 - The General Organization for Technical and Vocational Training (TVTC) plans to prepare four million job opportunities in the technical and vocational fields for young Saudis over the next decade, as the Saudi population continues to rise. (more) |
| 4/25/2010 |
Bid Deadline for World’s Tallest Building Extended April 25, 2010 – Kingdom Holding Company and managing developer Emaar, the Economic City announced recently that they were extending the deadline for bids on the construction contract for their proposed 1-kilometer-tall tower in Jeddah. (more) |
| 4/25/2010 |
Saudi Finance Ministry Approves Projects Worth $5.57 billion April 25, 2010 - In the first quarter of 2010, the Saudi Finance Ministry approved 659 projects valued at a total of $5.6 billion (SR21 billion). (more) |
| 4/21/2010 |
Credit Bank Awards Loans for Education Projects April 21, 2010 – The Saudi Credit and Savings Bank has announced the awarding of $13.6 million (SR50.9 million) in loans for 37 education projects in 12 cities across the Kingdom through its “plan to develop small projects.” (more) |
| 4/21/2010 |
SABIC Signs Agreement with KAUST to Launch Research and Innovation Center April 21, 2010 – Saudi Basic Industries Corporation (SABIC) has signed a long-term research and innovation agreement with King Abdullah University of Science and Technology (KAUST). (more) |
| 4/20/2010 |
SABIC Plans Iron and Steel Plant in Jubail Industrial City April 20, 2010 – SABIC has announced that it will build a new iron and steel plant with an annual capacity of one million tons in Jubail Industrial City by 2012. (more) |
| 4/20/2010 |
SHARQ Opens Ethylene Plant in Jubail April 20, 2010 - Eastern Petrochemical Company (SHARQ), an equal joint venture between SABIC and Japan’s SPDC Ltd., has announced full commercial operation of its grassroots ethylene plant in Jubail. (more) |
| 4/20/2010 |
Zamil Group Opens Seamless Pipes Factory in Dammam April 20, 2010 – Zamil Group has inaugurated Saudi Seamless Pipes Factory Company (Zamil Pipes), a new seamless pipes processing facility in Dammam Second Industrial City. (more) |
| 4/19/2010 |
OlayanDescon Signs Contract for Jubail Storage Facility April 19, 2010 – OlayanDescon has won an estimated $50 million (SR187.5 million) design, engineering, procurement, and construction deal to build a 36,000 cubic meter storage facility in Jubail Industrial City over the next 18 months. (more) |
| 4/19/2010 |
Saudi Arabia to Account for 50 Percent ICT Investments in the GCC April 19, 2010 – Saudi Arabia will account for up to 50 percent of ICT investments in the Gulf Cooperation Council (GCC) from 2010 to 2012, sustaining a healthy compound annual growth rate (CAGR) of approximately 8 percent. (more) |
| 4/19/2010 |
Saudi Aramco Changes Plans for Ras Tanura Project April 19, 2010 – Saudi Aramco has decided to move its biggest-ever project, a $17 billion-plus (SR63.75 billion-plus) petrochemicals project with the U.S.’s Dow Chemicals, from Ras Tanura to Jubail. (more) |
| 4/18/2010 |
Saudi Arabia to Create First Nuclear City in Kingdom April 18, 2010 – Saudi government officials recently announced plans to build the first ever peaceful nuclear energy program in the Kingdom. (more) |
| 4/15/2010 |
SEC Appoints Banks for Sukuk Issue April 15, 2010 – Saudi Electricity Company (SEC) has appointed Samba Capital and the U.K.’s HSBC to lead a sukuk issue of up to $1.9 billion (SR7 billion), which is expected to be launched in May. (more) |
| 4/14/2010 |
Saudi Inflation Increases to 4.7 Percent in March April 14, 2010 – Saudi inflation increased to a nine-month high of 4.7 percent in March, compared to 4.6 percent in February, with consumer prices rising 0.5 percent. (more) |
| 4/13/2010 |
Saudi Arabia Dominates Failaka Islamic Fund Awards April 13, 2010 - The fifth annual Failaka Islamic Fund awards ceremony was recently held in Dubai to recognize the best performers in 2009 among the 555 worldwide shariah-compliant funds. (more) |
| 4/12/2010 |
Ninth Five-Year Development Plan Announced April 13, 2010 - The Saudi Council of Ministers recently adopted the country’s Ninth Five-Year Development Plan, which will guide Saudi economic policy through 2015. (more) |
| 4/9/2010 |
Nalco Becomes Founding Member of KICP at KAUST April 9, 2010 - Nalco has become a founding member of the Industrial Collaboration Program (KICP) at King Abdullah University of Science and Technology (KAUST), a newly opened graduate-level research university focused on promoting science and technology in the Kingdom. (more) |
| 4/8/2010 |
Saudi Aramco Expands Gas Exploration April 8, 2010 - Saudi Aramco has announced plans to drill at least 300 development wells both on and offshore in addition to 48 exploratory wells this year. (more) |
| 4/6/2010 |
KACST, STC Sign Agreement with University of California April 6, 2010 – King Abdulaziz City for Science and Technology (KACST) and the Saudi Telecom Company have signed a three-year agreement with the University of California, San Diego to collaborate on developing information technology systems and advanced communications. (more) |
| 4/1/2010 |
Aramco and Dow Plan to Move Petrochemical Plant to Jubail April 1, 2010 – Saudi Aramco and U.S. firm, The Dow Chemical Corporation have decided to relocate their planned petrochemical plant to Jubail. (more) |
| 4/1/2010 |
SABIC and U.S. Companies to Construct POM Production Facility April 1, 2010 – National Methanol Co. (Ibn Sina), a joint venture between Saudi Basic Industries Corporation (SABIC) and U.S. companies Celanese Corporation and Duke Energy Corporation, will invest $400 million (SR1.5 billion) to construct a polyacetal plastic (POM) production facility in Saudi Arabia. (more) |
| 4/1/2010 |
Saudi Banks Increase Lending April 1, 2010 – The Saudi Arabian Monetary Agency (SAMA) recently announced that lending by Saudi banks to businesses increased in February at the fastest pace in five months, helping the economy to recover after the recent credit squeeze. (more) |
| 3/30/2010 |
U.S. Food Exports to Saudi Arabia Increase March 30, 2010 – In 2009, the U.S. saw an annual increase of 34 percent in the exports of food and agricultural products to Saudi Arabia, reaching a value of $969 million (SR3.6 billion). (more) |
| 3/29/2010 |
Saudi Aramco Wins Hart Energy Award March 29, 2010 – Saudi Aramco recently won the International Energy Company of the Year award for its excellence in global energy at Hart Energy Publishing’s Refining & Energy Company of the Year Awards. (more) |
| 3/28/2010 |
Jeddah’s KAU Opens Programs for Expatriates March 28, 2010 – Beginning in September, King Abdulaziz University (KAU) in Jeddah will allow expatriates to participate in its associate degree programs at the Jeddah Community College (JCC). (more) |
| 3/26/2010 |
DynCorp Wins Saudi Helicopter Contract March 26, 2010 – DynCorp International (DynCorp) of Virginia was recently awarded a two-year, $17.2 million (SR64.5 million) contract to provide helicopter maintenance support for the Saudi Arabian helicopter fleet. (more) |
| 3/26/2010 |
Yanbu Commercial Port Awards Two Contracts March 26, 2010 – The Saudi Ports Authority recently signed two contracts worth $29.6 million (SR111 million) to expand its facilities at the Yanbu Commercial Port. (more) |
| 3/25/2010 |
Foreign Direct Investment Expected to Grow 20 Percent in 2010 March 25, 2010 – Foreign direct investment (FDI) in the Kingdom is expected to boast a 20 percent growth rate compared to the previous year, when the global economic downturn negatively affected investment. (more) |
| 3/24/2010 |
Ma’aden Conducts Feasbility Study for Phosphate Mine at Al-Khabra March, 24 2010 – The Saudi Arabian Mining Company (Ma’aden) is currently conducting feasibility studies for an expansion of its phosphate mining activities at the Al-Khabra deposit near Turaif in the northern region of Saudi Arabia. (more) |
| 3/24/2010 |
Mobily Successfully Tests 4G Services with Huawei March 24, 2010 - Mobily, a part of the Etihad Etisalat consortium, has successfully concluded testing of all 4G services with Huawei, its telecommunications infrastructure and mobile networking partner. (more) |
| 3/24/2010 |
Saudi Arabia Enhances Anti-Money Laundering Efforts March 24, 2010 –The Saudi Arabian Monetary Agency (SAMA), recently advised banks and financial institutions to enhance their capabilities to combat money laundering while speaking at a two-day symposium on compliance and anti-money laundering at the Institute of Banking (IOB) in Riyadh. (more) |
| 3/24/2010 |
Saudi Aramco Awards $1 Billion Contract for Safaniya Field March 24, 2010 – Saudi Aramco has granted a $1 billion (SR3.75 billion) contract to J. Ray McDermott, S.A., a subsidiary of McDermott International, to upgrade crude gathering and power supply facilities in Safaniya field. (more) |
| 3/23/2010 |
Cisco to Implement “Smart Cities” Program across Saudi Arabia March 23, 2010 - Cisco Systems announced recently that it has been selected by the Saudi Arabian General Investment Authority to help create a Smart Cities Operating Company in the Kingdom. (more) |
| 3/22/2010 |
Hill International Receives Construction Management Contract March 22, 2010 – Hill International, an American multi-disciplinary consulting firm, received a contract to provide construction management services for Al Khafji Joint Operations, a joint venture of Kuwait Gulf Oil Company and Saudi Aramco. (more) |
| 3/22/2010 |
Saudia Signs Five Major Agreements March 22, 2010 – Saudi Arabian Airlines (Saudia), one of the Middle East’s largest carriers, recently signed five agreements with a number of foreign and national companies aimed at achieving the company’s privatization goal. (more) |
| 3/21/2010 |
Elaf Group Receives International Travel and Tourism Award March 21, 2010 – Saudi Arabia’s Elaf Group of Companies recently received the award for the Travel, Tourism, and Hospitality category at the 12th Century International Quality ERA Convention in Geneva, Switzerland. (more) |
| 3/21/2010 |
Jadwa Investment Predicts Gains for Tadawul in 2010 March 21, 2010 – In a recently released report, Jadwa Investment predicts steady gains for the Saudi stock market (Tadawul) for the rest of 2010. (more) |
| 3/17/2010 |
NetSol and Atheeb Form Joint Venture March 17, 2010 – American company NetSol Technologies (NetSol) recently signed a joint venture with Atheeb Trading Co. Ltd. (Atheeb) to form Atheeb NetSol Limited. (more) |
| 3/17/2010 |
Saudi Arabia Approves First ETF Available to Foreigners March 17, 2010 – In an attempt to make the Saudi stock exchange (Tadawul) more accessible to foreign investment, the Capital Market Authority (CMA) recently approved the first ever exchange-traded fund (ETF) available to foreigners. (more) |
| 3/15/2010 |
Kingdom Holding Appoints Architect for World’s Tallest Building March 15, 2010 – Saudi investment firm Kingdom Holding Co. recently selected U.S.-based Adrian Smith & Gordon Gill Architecture to design its planned 3,281-foot (1-kilometer) tall tower in Jeddah Kingdom City, though no contract has yet been signed. (more) |
| 3/15/2010 |
Kingdom's Investment Climate Rosy Click here to read the full article. (more) |
| 3/14/2010 |
SASREF Begins Production at Low-Sulfur Diesel Plant March 14, 2010 – Saudi Aramco Shell Refining Company (SASREF) recently announced that production had begun at its diesel plant at the Jubail refining complex. (more) |
| 3/13/2010 |
Global Investors Explore Kingdom for Opportunities Click here to read the full article. (more) |
| 3/10/2010 |
Saudi Inflation Rate Rises to 4.6 Percent in February March 10, 2010 – The Saudi Arabian Monetary Agency (SAMA) has announced that the country’s inflation rate rose to 4.6 percent for the month of February, up from 4.1 percent in January. (more) |
| 3/10/2010 |
Secretary Gates Meets with King Abdullah in Riyadh March 10, 2010 - U.S. Secretary of Defense Robert Gates recently visited the Kingdom of Saudi Arabia and met with H.M. King Abdullah and H.R.H. Crown Prince and Minister of Defense and Aviation Sultan bin Abdul Aziz to discuss a number of security issues pertaining to both the U.S. and Saudi Arabia. (more) |
| 3/9/2010 |
Kanoo, BDP International Form Joint Venture March 9, 2010 – Kanoo Freight, a division of Yusuf Bin Ahmed Kanoo, and U.S.-based BDP International recently announced that they have formed a 50:50 joint venture company called BDP Kanoo Chemical Logistics. (more) |
| 3/8/2010 |
Sahara Petrochemicals Partners with HP March 8, 2010 - Sahara Petrochemicals Company (Sahara), a subsidiary of Zamil Group Holding, recently selected HP’s BladeSystem and ProLiant servers to manage their datacenter. (more) |
| 3/5/2010 |
Bahra Cables Wins Al Mashaar Makkah Metro Project Contract April 5, 2010 – Bahra Cables Company, the newest cable factory in Saudi Arabia and a member of CPC Group of Companies, a subsidiary of Saudi Binladin Group, has won a $13 million (SR50 million) contract to supply cables for Al Mashaar Makkah Metro Project. (more) |
| 3/3/2010 |
Dow and E.A. Juffali Form Alliance in Polyurethane Systems March 3, 2010 – Dow Formulated Systems, a subsidiary of The Dow Chemical Corporation, and E.A. Juffali & Brothers recently announced a business alliance between the two companies to develop a polyurethane systems business in Saudi Arabia. (more) |
| 3/2/2010 |
Saudi Aramco Signs Contract with Jacobs Engineering March 2, 2010 – Saudi Aramco recently signed a contract with American company Jacobs Engineering Group Inc. to develop a basic engineering package for four sulfur recovery units that will each have a projected production capacity of 1,200 tons per day. (more) |
| 2/27/2010 |
Zamil and Huntsman Complete Ethyleneamines Plant February 27, 2010 – Zamil Group Holding (Zamil) and American company Huntsman Corporation (Huntsman) recently completed the construction of an ethyleneamines joint venture plant in Jubail. (more) |
| 2/24/2010 |
Saudi Arabia Removed from IPR “Watch List” On February 24, the Office of the United States Trade Representative (USTR) announced that it had removed Saudi Arabia from the Special 301 Watch List as a result of the Kingdom’s progress in the protection and enforcement of intellectual property rights (IPR). (more) |
| 2/22/2010 |
ABB Awarded National Employer of Choice February 22, 2010 – ABB Saudi Arabia, one of the nation’s largest providers of power, has been named best company to work for in Saudi Arabia, according to a comprehensive study by consultants TeamOne Middle East and Al Eqtisadiyah newspaper. (more) |
| 2/20/2010 |
January Inflation Rate is 4.1 Percent February 20, 2010 - According to the Central Department of Statistics, Saudi Arabia’s rate of inflation was 4.1 percent in January, decreasing slightly from 4.2 percent in December. (more) |
| 2/15/2010 |
Moody’s Upgrades Saudi Rankings February 15, 2010 - Moody’s Investors Service has upgraded Saudi Arabia’s foreign and local currency government rankings from “A1” to “Aa3” and has raised the country ceiling for foreign currency bank deposits from “A1” to “Aa3.” (more) |
| 2/14/2010 |
Zain and STC Sign Contracts for 4G/LTE Network February 14, 2010 – Zain Saudi Arabia (Zain) recently signed agreements with American company Motorola, Inc., Sweedish company Ericsson, Inc., and Chinese company Huawei Technologies Co., Ltd. to implement 4G/Long Term Evolution (LTE) technology. (more) |
| 2/9/2010 |
ABB Opens First Turbocharging Service Station in Jubail February 9, 2010 – ABB has opened its first turbocharging service station in the industrial city of Jubail. (more) |
| 2/9/2010 |
Saudi Aramco Develops Laser Identification System February 9, 2010 – Saudi Aramco has developed a laser identification system, which uses oil’s specific characteristics to identify its grade. (more) |
| 2/8/2010 |
NCB Capital Introduces Shariah-Compliant Fund February 8, 2010 – NCB Capital, the investment banking division of the National Commercial Bank (NCB), announced the launch of a new U.S. dollar-denominated, open-ended, mid-term fund that is Shariah compliant. (more) |
| 2/7/2010 |
GE and Tamimi Form Joint Venture for Heat Exchangers February 7, 2010 – GE Oil & Gas, a subsidiary of General Electric Company, and local Ali Abdullah Al Tamimi Trading Company (Al Tamimi) have recently formed a joint venture to manufacture and test air-cooled heat exchangers to be used in applications for Saudi Arabia’s oil and gas industry. (more) |
| 2/7/2010 |
SASREF Begins Ultra-Low Sulfur Diesel Project February 7, 2010 - Saudi Aramco Shell Refinery Company (SASREF), a joint venture between Saudi Aramco and Shell Overseas Services Co. Ltd., has begun the commissioning activities of its ultra-low sulfur diesel project to produce approximately 100,000 barrels per day of diesel with less than 10 parts per million of sulfur. (more) |
| 2/7/2010 |
Saudi Banks’ Overseas Investments Increase by 75 Percent February 7, 2010 – The Saudi Arabian Monetary Agency recently reported that the foreign investments of the Kingdom’s 12 commercial banks increased nearly 75 percent throughout 2009, standing at $29.95 billion (SR112.3 billion), which is the highest level in more than 10 years. (more) |
| 2/2/2010 |
SEC Grants $26.7 Million Contract to Saudi Cable Company February 2, 2010 – Saudi Electricity Company has granted a $26.7 million (SR100 million) contract to Saudi Cable Company (SCC) for the supply and laying of extra high voltage cables (380kV) for a project in Jeddah. (more) |
| 1/31/2010 |
2009 Annual Inflation Falls to 5 Percent in the Kingdom January 31, 2010 – Inflation in Saudi Arabia fell to 5.06 percent in 2009 from 9.9 percent in 2008, according to the Central Department of Statistics. (more) |
| 1/31/2010 |
Cisco to Provide ICT Master Plan Support for JEC January 31, 2010 – Cisco Systems has been appointed to support the creation of the critical information and communications technology (ICT) master plan for the Jizan Economic City (JEC). (more) |
| 1/30/2010 |
SABB Opens Investment Research Center at Al Yamamah University January 30, 2010 – SABB, in collaboration with Al Yamamah University, has established the SABB Investment Research Center. (more) |
| 1/30/2010 |
Saudi Aramco Debuts Giga-Cell Reservoir Simulation Technology January 30, 2010 – The Advanced Research Center of Saudi Aramco Exploration and Petroleum Engineering Center (EXPEC) recently debuted its giga-cell reservoir simulation technology, GigaPOWERS. (more) |
| 1/27/2010 |
Zamil Signs Murahba Contract with NCB January 27, 2010 – Eastern District Cooling Co. Ltd., a wholly-owned subsidiary of Zamil Group Holding (Zamil), has signed a 13.5-year Murabaha finance agreement worth $54.9 million (SR206 million) with the National Commercial Bank (NCB) for a district cooling project. (more) |
| 1/26/2010 |
Saudi Aramco Awards $141 Million Wasea Plant Contract January 26, 2010 - Saudi Aramco has granted a $141 million (SR528.8 million) engineering, procurement, and construction contract to China Petroleum & Chemical Corporation (Sinopec) to build a new bulk oil distribution plant at Wasea in Riyadh. (more) |
| 1/24/2010 |
SATORP Awards Jubail Export Refinery Contract January 24, 2010 – A contract for the provision of all 17 compressor trains at the Saudi Aramco Total Refining and Petrochemical Company (SATORP) export refinery in Jubail has been granted to Elliott Company, a subsidiary of Japan-based Ebara Corporation. (more) |
| 1/21/2010 |
SupplyCore Middle East Earns ISO 9001:2008 Certification January 21, 2010 - SupplyCore Middle East, a Riyadh-based integrator of supply chain management, water bottling and water and wastewater treatment, recently announced that it has received the ISO 9001:2008 quality management certification from Moody’s International Certification. (more) |
| 1/20/2010 |
NCB Introduces Online Payment for Government Fees January 20, 2010 – The National Commercial Bank (NCB) has introduced an online service called e-corp to allow the payment of government fees. (more) |
| 1/20/2010 |
Northrop Grumman Wins Saudi National Guard Contract January 20, 2010 - A subsidiary of Northrop Grumman Corporation, Vinnell Arabia LLC, has been granted a contract to continue the modernization and training of the Saudi Arabia National Guard (SANG). (more) |
| 1/19/2010 |
Saudi Binladin Group Awards $349 Million University Contract January 19, 2010 – Saudi Binladin Group recently granted a $349 million (SR1.3 billion) contract to Vision Electro Mechanical Company (Vision), a subsidiary of Construction Products Holding Company, for mechanical, electrical, and plumbing (MEP) work at Princess Noura Bint Abdulrahman University in Riyadh. (more) |
| 1/17/2010 |
United Food Company Launches FreshBerry January 17, 2010 – United Food Company, a subsidiary of A. Abunayyan Group of Companies, recently announced the launch of FreshBerry Frozen Yogurt Café (FreshBerry), with three stores in Riyadh and one in Dhahran. (more) |
| 1/16/2010 |
Etihad Atheeb GO Begins 4G Services in Eastern Region January 16, 2010 – Etihad Atheeb Telecommunication Company GO, the 4G operator in Saudi Arabia, has announced the official launch of its services in the Eastern Province of the Kingdom. (more) |
| 1/13/2010 |
SEC Grants $288 Million Contract to Bemco January 13, 2010 – Saudi Electricity Company (SEC) has recently awarded a $288 million (SR1.08 billion) contract to Arabian Bemco Contracting Company (Arabian Bemco) for the expansion of one of its power plants in order to meet growing demand in Al-Qassim. (more) |
| 1/12/2010 |
ACE Granted Insurance License by SAMA January 12, 2010 - ACE Arabia Insurance Company (ACE) has been granted a license by the Saudi Arabian Monetary Agency to conduct insurance business in the Kingdom. (more) |
| 1/11/2010 |
SABIC Named Largest Petrochemical Producer by 2015 January 11, 2010 – According to a recent report by KPMG, Saudi Basic Industries Corporation (SABIC) is forecast to be the largest petrochemical producer by 2015. (more) |
| 1/10/2010 |
Sipchem Exports First VAM Shipment January 10, 2010 – The Saudi International Petrochemical Company (Sipchem) has announced that it recently exported its first shipment of vinyl acetate monomer (VAM) to European markets. (more) |
| 1/7/2010 |
General Dynamics Awarded Saudi Military Contract January 7, 2010 - General Dynamics Land Systems, a subsidiary of General Dynamics Corporation (General Dynamics), was recently granted a $10 million (SR37.5 million) contract for the procurement of long-lead equipment, program management services, and travel for the facilitation of a production plant in Saudi Arabia. (more) |
| 1/7/2010 |
Zamil’s Water Chillers Receive International Certification January 7, 2010 – Zamil Air Conditioners, a subsidiary of Zamil Group Holding and a global manufacturer of air conditioning systems, has announced that its line of air conditioners, the Air Cooled Screw Water Chillers, has been certified for meeting international safety standards. (more) |
| 1/6/2010 |
ABB Wins Contract for Jubail Production Plant January 6, 2010 - ABB recently won a contract to provide electrical and automation equipment and related services for a new seamless-tube mill and pipe production plant in Jubail. (more) |
| 1/6/2010 |
Samir Group Launches New Division January 6, 2010 - Samir Group announced the launch of a new division, Samir Food Co. Ltd., with Pizza Fusion as its first brand. (more) |
| 1/4/2010 |
Microsoft Selected by Saudi Post to Increase Productivity January 4, 2010 – Microsoft Corporation announced that Saudi Postal Corporation will be using the Microsoft Operations Framework (MOF) to improve efficiency and reduce overall operating costs. (more) |
| 1/1/2010 |
NCB’s CEO Named Saudi Arabia’s Banker of the Year January 1, 2010 – Mr. Abdul Kareem Abu Al-Nasr, Chief Executive Officer of the National Commercial Bank (NCB), was recently named Saudi Arabia’s “Banker of the Year 2009” as part of the World Finance Awards, hosted by the World Finance magazine in London. (more) |
| 12/29/2009 |
SABIC to Issue First Private Bond December 29, 2009 – Saudi Basic Industries Corporation (SABIC) has recently signed an agreement with the Public Investment Fund (PIF), the investment branch of the Ministry of Finance, to issue the petrochemical company’s first private bond. (more) |
| 12/23/2009 |
Saudi Arabia Releases 2010 Budget The Saudi Government has recently unveiled the Kingdom’s largest budget for the 2010 fiscal year. Using conservative demand and pricing estimates for oil, the government projects revenues of $125.3 billion (SR470 billion), while expenditures will total approximately $144 billion (SR540 billion), resulting in a projected deficit of $18.7 billion (SR70 billion). The 2010 budget represents an increase of 14 percent from the allocated $126.6 billion (SR475 billion) in public spending in 2009 and is about three times the size of the 2005 budget. (more) |
| 12/20/2009 |
Ma’aden Signs Joint Venture with Alcoa for Ras Azzour Complex The Saudi Arabian Mining Company (Ma’aden) recently awarded a $10.8 billion (SR40.5 billion) joint venture contract to U.S. company Alcoa, Inc. (Alcoa) for the development of a fully integrated aluminum complex within the industrial zone of Ras Azzour in the Eastern Province of the Kingdom. (more) |
| 12/17/2009 |
Sikorsky Delivers First S-434 Helicopters to Saudi Arabia December 17, 2009 – Sikorsky Aircraft Corporation, a subsidiary of United Technologies Corporation, recently announced that its business unit, Sikorsky Global Helicopters (Sikorsky), has delivered the first two S-434 helicopters to the Ministry of Interior (MOI) in Saudi Arabia. (more) |
| 12/15/2009 |
NASA Partners with KACST in Scientific Research December 15, 2009 – The National Aeronautics and Space Administration (NASA) and King Abdulaziz City for Science and Technology (KACST) have recently signed a joint statement to collaborate in lunar and asteroid science research. (more) |
| 12/14/2009 |
Dow Chemical to Supply Technology at Hail Plant December 14, 2009 – The Dow Chemical Company (Dow Chemical) has recently been awarded a contract by the Saudi Ministry of Water and Electricity to supply its nanofiltration technology to the Hail nanofiltration plant. (more) |
| 12/10/2009 |
Foster Wheeler to Supply Steam Generators for Manifa December 10, 2009 – Foster Wheeler recently announced that the company has been awarded two separate contracts by Spanish company Tecnicas Reunidas Power (Tecnicas Reunidas) for the design and supply of steam generators for Saudi Aramco’s Manifa co-generation and main substation project in the Eastern Province. (more) |
| 12/10/2009 |
Honeywell’s UOP Opens Technical Center at KFUPM December 10, 2009 – Honeywell International (Honeywell) company UOP LLC (UOP) recently established a new technical center at the King Fahd University of Petroleum and Minerals (KFUPM) in Dhahran. (more) |
| 12/9/2009 |
General Dynamics Awarded $17.6 Million Contract December 9, 2009 – General Dynamics Land Systems, a business unit of General Dynamics Corporation (General Dynamics), was recently awarded a $17.6 million (SR66 million) contract to provide long-lead materials that will be used to convert 15 M1A2 Abrams tanks to M1A2S tanks for Saudi Arabia. (more) |
| 12/9/2009 |
Zamil Group Holding Announces New JV Projects December 9, 2009 – Zamil Group Holding has announced two new joint ventures and plans for a metal alkyls manufacturing facility. (more) |
| 12/1/2009 |
SABIC Uses Atheeb Technology to Streamline Affiliates December 1, 2009 – The Saudi Basic Industries Corporation (SABIC) is standardizing the company’s engineering designs and data management platforms with technology administered by Atheeb Intergraph Saudi Company (AISC), a joint venture between local Atheeb Trading Co. Ltd. and U.S. company Intergraph Corporation. (more) |
| 12/1/2009 |
Sipchem Completes Acetic Acid Plant December 1, 2009 – Saudi International Petrochemical Company (Sipchem) recently announced the startup of its acetic acid plant in Jubail. (more) |
| 11/25/2009 |
Alessa Teams with Huntair in Joint Venture November 25, 2009 – Alessa Industries, parent company of USSABC member Hamad Abdulla Alessa & Sons, Co., which accounts for over 28 percent of the air handling manufacturing and processing market in Saudi Arabia, recently signed a contract with the U.S. company Huntair Group (Huntair) to establish a joint venture. (more) |
| 11/25/2009 |
SABIC Announces First Successful Commercialization of LAO November 25, 2009 – Saudi Basic Industries Corporation (SABIC) and the Linde Group (Linde), based in Germany, recently announced the first successful commercialization of linear alpha olefins (LAO) using alpha-SABLIN technology developed by the two companies. (more) |
| 11/25/2009 |
Zamil Forms Joint venture with Petrofac November 25, 2009 – Zamil Group Holding has signed a joint venture agreement with Petrofac, an oil and gas contractor based in the UK and Sharjah, to establish a new service center in Saudi Arabia. (more) |
| 11/24/2009 |
GE, SABIC Create Secure ID Card with Holographic Materials November 24, 2009 – Scientists at GE Global Research, an industrial research lab that provides technology for General Electric Company, has partnered with Saudi Basic Industries Corporation’s (SABIC) Innovative Plastics, a wholly-owned subsidiary of SABIC, to develop a new class of holographic materials that has the potential to pave the way for a new secure ID card. (more) |
| 11/23/2009 |
SABB Ranked Strongest Bank in Saudi Arabia The Saudi British Bank (SABB) was recently ranked as Saudi Arabia's strongest bank in 2009, according to the most recent publication of The Asian Banker Journal. (more) |
| 11/23/2009 |
SEC Places $38 million Order with ABB The Saudi Electricity Company (SEC) recently placed an order with ABB worth $38 million to improve the efficiency of 22 power distribution substations serving Makkah, Madinah, Jeddah, and Taif. (more) |
| 11/18/2009 |
Hawker Beechcraft Fills PME Order of 12 Aircraft November 18, 2009 – Hawker Beechcraft Corporation (Hawker Beechcraft) recently announced the sale and delivery of 12 aircraft to the Saudi Arabian Presidency of Meteorology and Environment (PME). (more) |
| 11/17/2009 |
IBM and KACST Sign ICT Development Contract November 17, 2009 - IBM recently made a multi-year agreement with King Abdulaziz City for Science and Technology (KACST) to collaborate on advancing machine translation technologies, intellectual property development, and creating a National Women Software Development Center. (more) |
| 11/17/2009 |
Pratt & Whitney’s EcoPower Engine Wash Adopted by Saudia November 17, 2009 - Pratt & Whitney and Saudi Arabian Airlines (Saudia) recently signed an agreement to expand Pratt & Whitney’s EcoPower engine wash service network to the Middle East and North Africa region. (more) |
| 11/16/2009 |
Dallah Albaraka is First Company to Install Product by Jetaire November 16, 2009 – Dallah Albaraka Holding Co. has recently become the first company to receive and implement a product by U.S. company Jetaire Group, which will prevent auxiliary aircraft fuel tanks from igniting. (more) |
| 11/12/2009 |
Petro-Rabigh Awards Supervisory Contract to MODON November 12, 2009 – Rabigh Refining and Petrochemical Company (Petro-Rabigh) has signed an agreement with the Saudi Industrial Property Authority (MODON), which oversees over 18 industrial cities throughout the Kingdom, to supervise the leasing of land to tenants for the purpose of establishing industrial, commercial, service, or residential investments in Rabigh Industrial City. (more) |
| 11/10/2009 |
SABIC Ranked Top-Rated Publicly Traded Firm in GCC November 10, 2009 – Saudi Basic Industries Corporation (SABIC) has topped the list of the largest 100 publicly traded Gulf companies in terms of market value at $64 billion (SR240 billion), according to Argaam Business Information. (more) |
| 11/9/2009 |
Fluor Names Seaton Chief Operating Officer November 9, 2009 – Fluor Corporation (Fluor) recently announced that Mr. David T. Seaton has been appointed by Fluor’s board of directors to the newly created position of Chief Operating Officer. (more) |
| 11/8/2009 |
Al Rushaid Group Honored with Two Prestigious Awards November 8, 2009 – Al Rushaid Group of Companies was recently awarded the “Best Oil & Gas Solutions and Service Provider in the Middle East” for 2009 and the “Best Joint Venture Company – Middle East” for 2009 by the World Finance magazine, a leading financial magazine published by World News Media. (more) |
| 11/6/2009 |
Halliburton and Aramco Sign Contract for South Ghawar November 6, 2009 – Halliburton Baroid Industrial Drilling Products (Halliburton) and Saudi Aramco have recently signed an integrated turnkey drilling contract for the world’s largest oil field located in South Ghawar, 124 miles from Dhahran. (more) |
| 11/6/2009 |
Raytheon Signs Contract with Crown Prince Sultan November 6, 2009 – Raytheon Company has signed a $60 million (SR222 million) contract with H.R.H. Crown Prince Sultan Bin Abdul Aziz Al-Saud, Deputy Prime Minister and Minister of Defense and Aviation, to install a civilian air navigation radar system over a period of three years. (more) |
| 11/6/2009 |
SEC Awards Power Supply Contracts November 6, 2009 – The Saudi Electricity Company (SEC) has recently awarded ABB and local Alfanar Co. contracts totaling $167 million for three gas-insulated switchgear (GIS) substations to provide electricity to the Princess Noura Bint Abdulrahman University, which is scheduled to open north of Riyadh in 2012. (more) |
| 10/30/2009 |
Saudi Aramco Receives New Virtual Reality Training Systems Saudi Aramco recently received two of eight Virtual Reality Training Systems (VRTS) from EON Reality as a part of a contract signed earlier this year. (more) |
| 10/28/2009 |
SABIC and Albemarle Announce Joint Venture October 28, 2009 – Ibn Hayyan Plastic Products Company (TAYF), an affiliate of the Saudi Basic Industries Corporation (SABIC), recently announced a joint venture with U.S. company Albemarle Corporation to create Organometallic Chemicals Company (SOCC). (more) |
| 10/27/2009 |
SEC Signs $64.2 Million Contract for Power Transmission Line October 27, 2009 – The Saudi Electricity Company (SEC) has signed a $64.2 million (SR241 million) contract to establish a power transmission line in north Riyadh. (more) |
| 10/26/2009 |
Honeywell Strengthens Saudi Presence October 26, 2009 – Honeywell International (Honeywell) is expanding its presence in Saudi Arabia through the company’s recent agreements with King Faisal University (KFU) and King Fahd University of Petroleum and Minerals (KFUPM). (more) |
| 10/22/2009 |
Atheeb Intergraph Awards NetSol Service Contract Atheeb Intergraph Saudi Company (Atheeb Intergraph), a joint venture of Atheeb Trading Co., Ltd. and Intergraph Corporation, awarded NetSol Asia Pacific (NetSol) a new Information Technology service contract for application development. (more) |
| 10/21/2009 |
Al-Bayroni Awards Contract to KBR for Ammonia Plant Upgrade Al-Jubail Fertilizer Company (Al-Bayroni), an affiliate of the Saudi Basic Industries Corporation (SABIC), awarded a contract to Houston-based KBR to provide engineering, procurement and supply of propriety equipment for Al-Bayroni’s existing ammonia plant located in Jubail, Saudi Arabia. (more) |
| 10/21/2009 |
IBM and SBM Host “Move Up to I” Roadshows IBM and Saudi Business Machines (SBM), a subsidiary of E.A. Juffali & Brothers, recently hosted “Move Up to i Roadshows” in Jeddah, Al-Khobar, and Riyadh. (more) |
| 10/21/2009 |
Ma’aden, SEC, and SWCC Sign Agreement for Joint Plant at Ras Azzour The Saudi Arabian Mining Company (Ma’aden), the Saudi Electricity Company, and the Saline Water Conservation Corporation (SWCC) have signed an agreement to construct a joint power plant at Ras Azzour in the Kingdom’s Eastern Province. (more) |
| 10/17/2009 |
NCB Launches New Website October 17, 2009 – The National Commercial Bank (NCB) has launched its new website, which provides enhanced security and quality of banking services to its customers. (more) |
| 10/15/2009 |
Sipchem, KFUPM to Build Polymer Research Center October 15, 2009 – Saudi International Petrochemical Company (Sipchem) recently signed a memorandum of understanding with King Fahd University of Petroleum and Minerals (KFUPM) and the Ministry of Petroleum and Minerals to establish a research center that will develop polymer technologies and applications. (more) |
| 10/13/2009 |
Abdulla Fouad Installs Innovative Port Security System October 13, 2009 – Abdulla Fouad Holding Co. recently installed a model IP (internet protocol) video security solution from German company Geutebruck at the King Fahd Industrial Port in Yanbu. (more) |
| 10/12/2009 |
GE to Provide Efficient Control Platform for Riyadh Power Plant October 12, 2009 – GE Energy (GE), a division of General Electric Company, recently signed a contract with Saudi Electricity Company to provide its Mark VIe integrated control system at the PP10 power plant in Riyadh. (more) |
| 10/9/2009 |
Saudi Binladin Group Wins $3.73 Billion Contract The Saudi Binladin Group (SBG) was awarded a $3.73 billion (SR14 billion) contract to design and build 30 parcels of land within the King Abdullah Financial District (KAFD). (more) |
| 10/7/2009 |
Saudi Arabian Airlines to Provide In-Flight Mobile Services October 7, 2009 – Saudi Arabian Airlines (Saudia) and OnAir recently signed an agreement to provide passengers with mobile communications services on Airbus A330 planes, the first of which is scheduled for delivery in April 2010. (more) |
| 10/5/2009 |
Saudi Banks Upgraded by Credit Suisse Credit Suisse Group has upgraded a number of Saudi Arabian bank stocks. (more) |
| 10/4/2009 |
Petro-Rabigh Begins Polypropylene Oxide Production October 4, 2009 – Rabigh Refining and Petrochemical Company (Petro-Rabigh), a joint venture between Saudi Aramco and Sumitomo Chemical, has announced that it has started production of propylene oxide at its plant in Rabigh. (more) |
| 10/1/2009 |
Ras Tanura Upgrades Completed for Saudi Aramco October 1, 2009 – Petrocon Arabia, a joint venture between WorleyParsons and Petrocon, along with Mohammad al-Mojil Group, recently completed three upgrades at the Ras Tanura refining facility for Saudi Aramco. (more) |
| 10/1/2009 |
Zamil Group Places $18.2 Million Order with U.S. Company October 1, 2009 – Zamil Group Holding has recently placed an order worth $18.2 million (SR68.25 million) with Massachusetts-based American Science & Engineering, Inc. (AS&E) for AS&E’s OmniView Gantry cargo and vehicle inspection systems. (more) |
| 9/29/2009 |
Saudi Aramco Selects KBR to Head Project at Shaybah September 29, 2009 — Saudi Aramco has awarded a contract to Houston-based KBR to provide front-end engineering and design, along with project management services for its Shaybah Natural Gas Liquids Program (NGL) at Shaybah field located in southern Saudi Arabia. (more) |
| 9/29/2009 |
WARED Begins High-Capacity Transport Services September 29, 2009 – Warehousing and Distribution Holding Company L.L.C. (WARED), a joint venture between Zahid Group Holding and Construction Products Holding, has begun offering customized and high-capacity transportation and logistics services in Jeddah. (more) |
| 9/25/2009 |
General Dynamics Awarded $7 Million for New Saudi Tank Design September 25, 2009 – General Dynamics Land Systems, a business unit of General Dynamics, was awarded a $7 million (SR26.3 million) contract to continue with the design of the new Saudi M1A2 (M1A2S) Abrams tank. (more) |
| 9/24/2009 |
Minister of Foreign Affairs to Lead Saudi Delegation at G-20 Summit Saudi Minister of Foreign Affairs H.R.H. Prince Saud Al-Faisal Bin Abdul Aziz Al-Saud arrived in Pittsburgh to lead the Saudi delegation to the G-20 Summit being held September 24-25. (more) |
| 9/23/2009 |
Dow to Open Middle East R&D Center at KAUST The Dow Chemical Corporation and King Abdullah University of Science and Technology (KAUST) have announced their partnership in establishing the Dow Middle East Research and Development (R&D) Center. (more) |
| 9/23/2009 |
Kingdom Celebrates National Day Saudi Arabia celebrates its 79th National Day, commemorating not only the country’s unification under H.M. King Abdul Aziz Al-Saud, but also acknowledging its economic and educational achievements. (more) |
| 9/21/2009 |
Saudi Aramco Grants Contract to Canadian Firm Saudi Aramco recently awarded a front-end engineering and design (FEED) and project management services contract to Canada’s SNC Lavalin. (more) |
| 9/17/2009 |
Alfanar Wins SEC Grid Contract September 17, 2009 – Alfanar Co. was recently awarded a $35.8 million (SR134 million) contract from Saudi Electricity Company to link the Kandarah substation with Jeddah’s electricity grid. (more) |
| 9/17/2009 |
SABIC Affiliate YANSAB Makes First Ethylene Glycol Shipment September 17, 2009 – Yanbu National Petrochemical Company (YANSAB), a SABIC affiliate, announced its first shipment of ethylene glycol (EG) from its plant in Yanbu Industrial City. (more) |
| 9/14/2009 |
Saudi Aramco Awards Manifa Contract to Sumitomo September 14, 2009 – Saudi Aramco has awarded a communications contract to Japan’s Sumitomo Corporation covering its 900,000 barrels per day (bpd) Manifa oil field project. (more) |
| 9/14/2009 |
Saudi Inflation Rate Declines Further September 14, 2009 - In August, Saudi Arabia’s inflation rate decreased to 4.1 percent from 5.5 percent in May, making July’s rate the lowest in over two years. (more) |
| 9/13/2009 |
SABB Introduces Ministry of Interior Payment Service September 13, 2009 – SABB recently introduced a new payment service for Ministry of Interior (MoI) charges through SADAD Payment System, a centralized electronic payment system. (more) |
| 9/9/2009 |
Saudi Arabia Ranked 13th Most Competitive Economy Saudi Arabia has been ranked the 13th most competitive country in the world in the Doing Business 2010 report issued by the World Bank this month.
(more)
|
| 9/8/2009 |
Saudi Binladin Group, Emaar Agree to Develop Port on the Red Sea Coast Saudi Binladin Group and Saudi-based Emaar Economic City have agreed to set up a firm to finance, develop, and operate a major port on the Red Sea Coast. (more) |
| 9/8/2009 |
Saudi Economy Shows Signs of Economic Growth Most companies in Saudi Arabia are showing signs of overall business and revenue growth in the second half of 2009, according to Jadwa Chief Economist, Brad Bourland. (more) |
| 9/8/2009 |
Saudi Electricity Company Awards Two Major Contracts The Saudi Electricity Company has awarded two major contracts worth almost $59 million (SR220 million) to Deem Company for Contracting and Advanced Energy for Trading & Contracting. (more) |
| 9/8/2009 |
Zamil Air Conditioners Awarded Contract by Ministry of Education Zamil Air Conditioners, a subsidiary of Zamil Industrial Investment Company, has won a $13.6 million (SR51 million) contract with the Saudi Arabian Ministry of Education to provide window air conditioning units for a new education initiative. (more) |
| 9/2/2009 |
NCB Introduces Visa Platinum Credit Card September 2, 2009 – National Commercial Bank (NCB) has launched the Visa Platinum credit card, a Shariah-compliant premium card. (more) |
| 8/27/2009 |
Saudi Aramco Increases Shaybah Oil Field’s Capacity Saudi Aramco has recently boosted the capacity of its Shaybah oil field in the Rub Al-Khali Region from 500,000 barrels per day (bpd) to 750,000 bpd. (more) |
| 8/26/2009 |
GE Security Provides Security Solutions to KAEC Business Park August 26, 2009 – GE Security, Inc., a wholly owned affiliate of General Electric Company, is working with Emaar, the Economic City (Emaar), the company developing King Abdullah Economic City (KAEC), to provide security solutions in the KAEC Business Park. (more) |
| 8/26/2009 |
Standard and Poor’s to Deliver Real-Time Tadawul Data August 26, 2009 – Standard and Poor’s Indexes (S&P) recently signed an agreement with the Saudi Stock Exchange (Tadawul), which authorizes S&P to use real-time Tadawul pricing and other data to create indexes to measure the Saudi Stock Market’s performance. (more) |
| 8/25/2009 |
SAIC to Help Develop Military Training Institution August 25, 2009 – SAIC has announced that it was awarded an $11 million (SR41.25 million) contract by the U.S. Military Training Mission (USMTM) to support the Saudi Arabian Armed Forces (SAAF) by establishing a Saudi War College in Riyadh. (more) |
| 8/21/2009 |
IMF Praises Saudi Economy and Efforts to Stabilize Energy Prices The outlook for the Saudi economy remains “broadly positive,” said the International Monetary Fund (IMF) in a recent report. (more) |
| 8/21/2009 |
Saudi Binladin Wins Contract to Build Women’s University Monorail August 21, 2009 – A consortium led by the Saudi Binladin Group was recently awarded a three-year contract to build a monorail system for the Princess Noura Bint Abdulrahman University in Riyadh. (more) |
| 8/21/2009 |
Sipchem Starts Operations at Jubail Carbon Monoxide Plant August 21, 2009 – Saudi International Petroleum Company (Sipchem) started testing production at its $1 billion carbon monoxide (CO) plant located in Jubail Industrial City. (more) |
| 8/18/2009 |
Dow Jones Launches GCC Index August 18, 2009 – Dow Jones Indexes recently launched the Dow Jones GCC Index to cover the Gulf Cooperation Council (GCC) nations of Saudi Arabia, Bahrain, Kuwait, Oman, Qatar, and the U.A.E. (more) |
| 8/17/2009 |
SABB Wins Internet Banking Award August 17, 2009 – SABB, formerly known as the Saudi British Bank, was recently awarded Best Consumer Internet Bank in Saudi Arabia by Global Finance magazine in its “World’s Best Internet Banks 2009” list. (more) |
| 8/10/2009 |
Alfanar Co. Wins Substation Contracts Worth $97 million August 10, 2009 – Alfanar Co., one of the Kingdom’s leading engineering, procurement, and construction (EPC) contractors in the power and water sectors, was recently awarded two substation contracts worth a total of $97 million (SR364 million). (more) |
| 8/10/2009 |
Zamil Offshore and Saudi Port Authority Sign Dammam Port Contract August 10, 2009 – Zamil Offshore Services Company (ZOSCO) recently signed a 20-year contract with the Saudi Ports Authority to lease a 656,168 square foot area at King Abdul Aziz Port in Dammam. (more) |
| 8/6/2009 |
Saudi Aramco to Establish Energy Park August 6, 2009 – Saudi Aramco and Oilfields Service Contracting Company (OSCC) signed an agreement to start a $250 million (SR937.5 million) Energy Park in Dammam. (more) |
| 8/3/2009 |
Aramco and Shell Discover Gas in Empty Quarter August 3, 2009 – Saudi Aramco and the UK/Dutch Shell Group have recently discovered gas from the Kidan structure in Saudi Arabia's Rub Al-Khali (Empty Quarter). (more) |
| 7/29/2009 |
Al Rushaid Joint Venture Opens New Control Valve Facility July 29, 2009 – Darvico, a joint venture of Al Rushaid Investment Company and U.S.-based Dresser, Inc., recently opened a new safety and control valve manufacturing and repair facility in Saudi Arabia. (more) |
| 7/28/2009 |
3M Gulf Opens Office in Riyadh July 28, 2009 – 3M Gulf Ltd. recently opened a new office in the Olaya District of Riyadh. The office is the sixth for 3M in the Middle East and demonstrates the company’s commitment to ongoing involvement in the region. (more) |
| 7/28/2009 |
Saudi Electricity Company Signs Contract with WorleyParsons July 28, 2009 – The Saudi Electricity Company (SEC) recently announced that WorleyParsons will oversee the construction of pipelines to supply crude oil to two power plants in the Kingdom. (more) |
| 7/28/2009 |
Saudi Inflation Rate Declines July 28, 2009 – The inflation rate in Saudi Arabia declined from 5.5 percent in May to 5.2 percent in June, corresponding with the positive outlook recently given by Dun & Bradstreet and National Commercial Bank in their joint Business Optimism Index for the third quarter of 2009. (more) |
| 7/28/2009 |
Shoaibi Group, Gulf Marine Services Form Joint Venture July 28, 2009 – Suhayl Bin Abdul Mohsin Al Shoaibi & Sons Holding Co. Ltd. (Shoaibi Group) and the U.A.E.’s Gulf Marine Services (GMS) recently announced their partnership in a joint venture, named Gulf Maritime Services Saudi Arabia (GMSSA), which will provide offshore barge operation services in Saudi Arabia. (more) |
| 7/24/2009 |
Abdulla Fouad Holding Building Dammam Warehouse July 24, 2009 – Abdulla Fouad Holding Co. recently began the construction of its first warehouse and logistics facility in Dammam. (more) |
| 7/24/2009 |
Saudi Aramco Begins Seismic Studies July 24, 2009 – Saudi Aramco has recently launched three large-scale exploration programs to boost its oil and gas output and meet the rising energy demand across the Kingdom. (more) |
| 7/17/2009 |
Zahid Signs Joint Venture to Increase Kingdom’s Concrete Supply July 17, 2009 – Zahid Tractor (Zahid), a member of Zahid Industries & Investment Company Ltd., recently signed a joint venture agreement with German company Schwing-Stetter, a manufacturer of equipment for the concrete industry. (more) |
| 7/15/2009 |
FLIR Announces Involvement in Saudi Border Project July 15, 2009 – FLIR Systems, Inc. recently announced that it received an order worth $2.4 million (SR9 million) for its HRC Multi-Sensor Systems from EADS Deutschland, the company heading the Saudi Arabian Border Guard Modernization Project (Miksa). (more) |
| 7/15/2009 |
SABIC’s YANSAB Begins Production at Yanbu Plant July 15, 2009 – SABIC affiliate Yanbu National Petrochemical Company (YANSAB) recently began operations at its petrochemicals complex in Yanbu, a $4.93 billion (SR18.5 billion) facility. (more) |
| 7/14/2009 |
H2Gen Completes Gas Purification Plant at Tasnee July 14, 2009 - H2Gen Innovations, Inc. announced today that it has successfully completed commissioning of a 1.5 million scf/day (1500 Nm3/hr) hydrogen gas purification plant for Saudi Polyolefins Company (SPC) at its Tasnee Polyolefins Complex in Al Jubail Industrial City, Saudi Arabia. Tasnee operates the world's largest propane dehydrogenation and polypropylene complex in Al Jubail. (more) |
| 7/14/2009 |
UBS Begins Securities Services in KSA July 14, 2009 -- UBS Financial Services Inc. recently announced that the Capital Market Authority (CMA) has granted UBS Saudi Arabia approval to begin securities business activities in the Kingdom. (more) |
| 7/9/2009 |
Aramco Grants Contract to Sofcon for Shaybah Gas Plant July 9, 2009 - Saudi Aramco recently announced that it has granted a pre-front-end engineering and design (FEED) study to Sofcon, a joint venture between the U.S.’s Foster Wheeler Inc. and local company Sofcon. (more) |
| 7/9/2009 |
Pepsi Introduces Lipton Clear Green Tea in the Kingdom July 9, 2009 – Pepsi Lipton International, the joint venture corporation between PepsiCo and Unilever, has launched ready-to-drink iced green tea in Saudi Arabia. (more) |
| 7/7/2009 |
Jeraisy Appointed HP Preferred Partner July 7, 2009 – Jeraisy Computer & Communication Services (Jeraisy), part of Jeraisy Group, was recently selected by HP Technology Services Group (HP) as the company’s first Professional Service Partner in Saudi Arabia. (more) |
| 7/7/2009 |
Tadawul and Dow Jones to Offer Real-Time Saudi Indices July 7, 2009 – The Saudi Stock Exchange, the Tadawul, and Dow Jones Indexes recently signed an agreement to create Saudi indices based on real-time data and prices from the Kingdom. (more) |
| 7/6/2009 |
Saudi Aramco Facility Inaugurates Safe Start-Up July 6, 2009 – Saudi Aramco recently celebrated the successful and safe launch of the Khursaniyah production facility, including the Abu Hadriya, Fadhili, and Khursaniyah fields. (more) |
| 7/4/2009 |
SEC’s Sukuk Receives “AA-” Fitch Rating July 4, 2009 – Saudi Electricity Company (SEC) was recently awarded an “AA-” rating from Fitch Ratings for its $1.87 billion (SR7 billion) Islamic bond or sukuk. (more) |
| 7/1/2009 |
Saudi Electricity to Invest $28 Billion in Capacity Growth July 1, 2009 – Saudi Electricity Company (SEC) recently announced plans to spend $28 billion (SR105 billion) over the next three years to add 13,000 megawatts of power and a transmission distribution system to Saudi Arabia’s power grid. (more) |
| 6/30/2009 |
Chevron Applies Steam Flooding Technology to Carbonate Reservoir June 30, 2009 – Chevron’s subsidiary, Saudi Arabian Chevron (SAC), recently performed its first steam injection at its Large Scale Pilot (LSP) steam flood project at the Wafra Field. (more) |
| 6/30/2009 |
Zamil Group Signs Contracts with Private Sector June 30, 2009 – Zamil Offshore Services Company, an affiliate of Zamil Group Holding, recently inaugurated its diving support ship, “Algosaibi 51,” built for Khalifa Abdularahman Algosaibi Diving Company. (more) |
| 6/28/2009 |
NCB Offers Secure Internet Shopping Technology June 28, 2009 – The National Commercial Bank (NCB) recently announced the launch of its new Secure e-Shopping application. (more) |
| 6/23/2009 |
GE Opens Water and Process Technology Center in Dammam June 23, 2009 – GE Energy, a business unit of General Electric Company, recently opened its GE Saudi Water & Process Technology Center in Dammam, through a joint venture with leading Saudi engineering and construction firm, Tamimi Group of Companies. (more) |
| 6/23/2009 |
NCB Capital Expands Free Online Trading Platform June 23, 2009 – NCB Capital, the banking branch of the National Commercial Bank, recently expanded Tawdawul Basic, its online trading platform, to grant users more analytic and trading tools. (more) |
| 6/22/2009 |
Morgan Stanley Offers Equity Trading on KSA Stock Exchange June 22, 2009 – Morgan Stanley Saudi Arabia (MSSA) recently launched cash equity trading on Saudi Arabia’s stock exchange, the Tadawul. (more) |
| 6/21/2009 |
Alfanar Awarded Riyadh Power Plant Contract June 21, 2009 – Alfanar Construction Company (Alfanar Co.) was recently awarded a $133 million (SR498 million) contract to build a new electricity substation in Riyadh by Saudi Electricity Company (SEC). (more) |
| 6/18/2009 |
Bond and Sukuk Market Opened in the Kingdom June 18, 2009 - Saudi Arabia has opened a regulated bond and sukuk (Islamic bond) market, the latest in a series of important reforms by the Saudi Capital Market Authority (CMA) aimed at liberalizing the Kingdom’s capital markets. (more) |
| 6/18/2009 |
Saudi Arabia Names New OPEC Representative June 18, 2009 – The Kingdom of Saudi Arabia recently appointed Dr. Ahmad Al-Ghamdi as its new representative to the Organization of Petroleum Exporting Countries (OPEC). (more) |
| 6/18/2009 |
Saudi Aramco and Total Finalize Contracts for Jubail Refinery June 18, 2009 – Saudi Aramco and French company Total have finalized contracts to invest $9.6 billion (SR36 billion) in their joint venture Saudi Aramco Total Refining Petrochemical Company (SATORP). (more) |
| 6/16/2009 |
Saudi Telecom Joins Cisco Channel Program June 16, 2009 -- Saudi Telecom Company (STC) has signed an agreement with Cisco Systems to provide Cisco WebEx web and audio collaboration technology throughout Saudi Arabia. (more) |
| 6/15/2009 |
Dow Chemical Partners with KAUST June 15, 2009 – Dow Chemical Company (Dow Chemical) recently announced its decision to partner with the King Abdullah University of Science and Technology (KAUST) through a joint research framework. (more) |
| 6/15/2009 |
PepsiCo Signs First Contract in Jeddah Second Industrial City June 15, 2009 – PepsiCo recently announced that it has acquired the first contract in Jeddah Second Industrial City from the Saudi Industrial Property Authority (MODON) and will be moving its Gulf production to a 3.2 million square foot factory. (more) |
| 6/14/2009 |
Kingdom Holding Wins Hotel Award, Contracts June 14, 2009 – Kingdom Holding Co.’s Four Seasons Riyadh Hotel was recently awarded “The Best Hotel in Riyadh 2009” by Business Traveler Magazine at the Arabian Travel Market Conference in Dubai. (more) |
| 6/12/2009 |
BAE Systems Unveils First Typhoon Aircraft for RSAF June 12, 2009 – BAE Systems Inc.’s Warton, England site recently hosted the delivery of the first two Typhoon aircraft built for the Royal Saudi Air Force (RSAF). (more) |
| 6/11/2009 |
Saudi Arabia Begins Pumping Oil from Khurais Field June 11, 2009 – Saudi Arabia has begun pumping oil from the Khurais oil field, which represents the largest single addition to the global oil supplies in history, according to Saudi Aramco’s top executive. (more) |
| 6/9/2009 |
STC Group Appoints Al Daweesh as CEO June 9, 2009 – As part of Saudi Telecom Company’s (STC) efforts to expand its reach both locally and internationally, the corporation has begun making a series of managerial changes. (more) |
| 6/8/2009 |
IBM Helps Build eGovernment Services in Saudi Arabia June 8, 2009 – IBM recently announced that it has completed delivery of the core communication and security infrastructure to the Saudi Government to build the country’s Yesser eGovernment Program. (more) |
| 6/8/2009 |
SABIC Becomes Founding Member of KAUST Industrial Collaboration Program June 8, 2009 –Saudi Basic Industries Corporation (SABIC) has recently become a founding member of the Industrial Collaboration Program (KICP) at the King Abdullah University of Science and Technology (KAUST). (more) |
| 6/6/2009 |
Etihad Atheeb, Motorola Deliver New WiMAX Network June 6, 2009 – Etihad Atheeb Telecommunications Company (Atheeb), an Atheeb Trading Co. Ltd. company, and Motorola Inc. recently announced the launch of a nationwide mobile WiMAX network for Saudi Arabia. (more) |
| 6/5/2009 |
PepsiCo-Almarai JV Makes First Acquisition June 5, 2009 – PepsiCo recently announced that its Saudi joint venture with Almarai, International Dairy and Juice Limited (IDJ), has made its first acquisition. (more) |
| 6/5/2009 |
Saudi Binladin Group to Build Seawater Cooling Network June 5, 2009 – Saudi Binladin Group recently acquired a contract from the Royal Commission for Jubail and Yanbu to build a seawater cooling network for $92.5 million (SR347 million). (more) |
| 6/4/2009 |
Deloitte Awarded Consulting Contract by National Water Company June 4, 2009 – Deloitte Touche Tohmatsu, a division of Deloitte, has been appointed by Saudi Arabia's National Water Company (NWC) to consult on the company’s internal policies and procedures. (more) |
| 6/3/2009 |
NCB Capital Expands Investment and Brokerage Services June 3, 2009 – NCB Capital Co. (NCB Capital), the investment banking branch of Jeddah-based National Commercial Bank, has recently announced plans to extend its wealth management, investment banking and brokerage services in Saudi Arabia. (more) |
| 6/2/2009 |
Chevron to Test New Technique in Saudi-Kuwait Neutral Zone June 2, 2009 – Chevron has recently completed the first phase of testing its new steam flooding technique in the Neutral Zone between Saudi Arabia and Kuwait. (more) |
| 6/2/2009 |
Gillani Partners with PMU to Provide iScholar - Gillani Scholars Program June 2, 2009 - Gillani, Inc. announced today that it has expanded the iScholar - Gillani Scholars Program, designed to provide faculty and researchers at higher education institutions worldwide, with enterprise management software, and has entered into a partnership with Prince Mohammad Bin Fahd University in Saudi Arabia. The agreement includes the ability for PMU to obtain IBM technologies under the IBM Academic Initiative. PMU would also be able to place university students on internships with Gillani's Middle East office and Gillani clients and partners in the Middle East region. (more) |
| 6/2/2009 |
Sun Microsystems Offers New Technology to Al-Othaim Markets June 2, 2009 – Sun Microsystems (Sun) was recently chosen by Al-Othaim Markets Co. to provide an information technology (IT) infrastructure to run the Oracle E-Business Suite (EBS). (more) |
| 5/28/2009 |
ABB Wins $100 Million Contract to Strengthen Saudi Power Network May 28, 2009 – ABB, the leading power and automation technology group, has signed $100 million worth of contracts to strengthen Saudi Arabia’s power transmission and distribution network, particularly in the Makkah region. (more) |
| 5/28/2009 |
ExxonMobil Signs Deal with Sipchem May 28, 2009 – ExxonMobil recently agreed to license its tubular high pressure low density polyethylene process (HPPE) for Saudi International Petrochemical Company (Sipchem). (more) |
| 5/28/2009 |
GE Releases Latest CT Scanner in Saudi Arabia May 28, 2009 – GE Healthcare recently announced that it would be releasing its latest technology, the Discovery CT750 HD, a new type of Computed Tomography (CT) scanner, to Saudi Arabia. (more) |
| 5/21/2009 |
Boeing Becomes Founding member of KAUST Program May 21, 2009 – Boeing has become a founding member of the Industrial Collaboration Program (KICP) at King Abdullah University of Science and Technology (KAUST). (more) |
| 5/21/2009 |
Samba Signs Agreement with Saudi Electricity Company May 21, 2009 – Samba Financial Group completed a financing agreement with Saudi Electricity Company (SEC) with the goal of increasing financing for permanent housing to $533 million (SR2 billion) for SEC employees. (more) |
| 5/21/2009 |
Saudi Arabia Begins Pumping Oil from Nuayyim Field May 21, 2009 – Saudi Arabia has begun pumping from the Nuayyim oil field as part of its ongoing plan to expand its oil production from the current capacity of 8 million barrels per day (bpd) to 12.5 million bpd. (more) |
| 5/20/2009 |
Goettsch Partners to Design Hotel for Saudi Oger May 20, 2009 – Goettsch Partners has been commissioned by Saudi Oger Limited to design a new five-star hotel in the King Abdullah Financial District in Riyadh. (more) |
| 5/20/2009 |
Saudi Electricity Company Awards Transmission Contracts May 20, 2009 – Saudi Electricity Company (SEC) granted three large contracts to local companies, valued at a total of $78 million (SR299 million). (more) |
| 5/18/2009 |
Petro-Rabigh Refinery Plant Begins Production May 19, 2009 – Rabigh Refining and Petrochemical Company (Petro-Rabigh) has officially begun operations at its $10.3 billion (SR38.6 billion) petrochemical and refining plant as it shipped 19,200 metric tons of monoethylene glycol (MEG) to China. (more) |
| 5/15/2009 |
Al-Toukhi Collaborates with Poyry Energy Ltd. May 15, 2009 – The Saudi-based Al-Toukhi Company for Industry, Trading & Contracting Ltd. (Al-Toukhi) and Swiss-based Poyry Energy Ltd. (Poyry) have signed a memorandum of understanding to collaborate on engineering, procurement and contracting (EPC) projects in the Kingdom. (more) |
| 5/13/2009 |
Aquatech International Named “Small Business Exporter of the Year” May 13, 2009 – Aquatech International Corporation, a Pennsylvania-based exporter of water purification solutions, has been named the 2009 “Small Business Exporter of the Year” by the Export-Import Bank of the United States. (more) |
| 5/13/2009 |
Jacobs Zate Awarded Petro-Rabigh Contract May 13, 2009 – Jacobs Zate, the Saudi Arabian subsidiary of U.S. engineering company Jacobs Engineering, has been awarded a one-year contract by Rabigh Refining and Petrochemicals Company (Petro-Rabigh). (more) |
| 5/10/2009 |
SABIC, Sipchem Sign MoU for Projects Worth $4 Billion May 10, 2009 – Saudi Basic Industries Corporation (SABIC) and Saudi International Petrochemical Company (Sipchem) have signed a memorandum of understanding (MoU) for several new projects in Jubail. (more) |
| 5/6/2009 |
Jarir Plans to Boost Sales 10 Percent on Expansion May 6, 2009 – Jarir Marketing Company (JMC), the Kingdom’s largest stationery and book seller by market value, plans to increase sales by 10 percent this year as the company expands in the Gulf region. (more) |
| 5/4/2009 |
Cubic Corporation Receives Contract Extension with Royal Saudi Air Force May 4, 2009 – Cubic Corporation has received contracts valued at approximately $9.5 million (SR35.6 million) to continue operation and maintenance of the air combat training system used to support F-15 fighter pilot training for the Royal Saudi Air Force. (more) |
| 5/4/2009 |
Shoaibi Group Forms Joint Venture with ITS Group May 4, 2009 – Shoaibi Group, a leading Saudi Arabian company in the oil and gas industry, announced the formation of “ITS Arabia Limited,” following a joint venture agreement with ITS Group, an international supplier of oilfield products and services based in the UK. (more) |
| 4/30/2009 |
SABIC Chooses U.S. Company for Project Management April 30, 2009 – Saudi Basic Industries Corporation (SABIC) has selected U.S. software company Skire to implement its strategic enterprise project management system. (more) |
| 4/29/2009 |
3Com Wins Contract with Zamil Industrial April 29, 2009 — 3Com Corporation recently announced that it won a major contract with Zamil Industrial Investment Company (Zamil Industrial) to complete core-to-edge network infrastructure to help support Zamil Industrial’s growing business. (more) |
| 4/24/2009 |
WorleyParsons Signs Contract with Saudi Aramco April 24, 2009 - WorleyParsons has been awarded a $400 million (SR1480 million) contract by Saudi Aramco Mobil Refinery Company (Samref), a joint venture of Saudi Aramco and Exxon Mobil Corporation, for its 400,000 barrel-a-day (b/d) refinery at Yanbu. (more) |
| 4/23/2009 |
Zamil CoolCare Signs Agreement with Saudi Binladin Group April 23, 2009 – Zamil CoolCare, a subsidiary of Al-Zamil Group Holding, has signed a contract with Saudi Binladin Group to provide electromechanical supervisory commissioning system services for the first phase of construction at King Abdullah University of Science and Technology (KAUST). (more) |
| 4/21/2009 |
Atheeb Telecom Signs Contract with Wipro Limited May 21, 2009 – Atheeb Telecom recently announced its new five-year contract with Wipro Limited, a leading provider of information technology (IT) solutions, to deploy an end-to-end IT solution covering operations support systems/ business support systems (OSS/BSS) and underlying infrastructure components. (more) |
| 4/20/2009 |
GE Healthcare Signs MoU with Ministry of Health April 20, 2009 – GE Healthcare, a division of General Electric Company, has signed a Memorandum of Understanding (MoU) with the Saudi Arabian Ministry of Health (MoH) for the training of the Ministry’s medical professionals. (more) |
| 4/16/2009 |
EMC, STC Announce Business Deal April 16, 2009- EMC, a U.S. corporation specializing in infrastructure solutions, announced that Saudi Telecom Company (STC) will be one of the first companies worldwide to order an EMC Symmetrix V-MAX system to form the foundation of its virtual datacenter. (more) |
| 4/16/2009 |
Petro-Rabigh Proceeds to Final Startup Phase April 16, 2009- Rabigh Refining and Petrochemical Company (Petro-Rabigh), a joint venture company between Saudi Aramco and Japanese Sumitomo, has begun the operation of an ethane cracker that will produce up to 1.3 million tons per year (t/y) of ethylene. (more) |
| 4/14/2009 |
Atheeb and U.S. Company Form IT Joint Venture April 14, 2009 – Atheeb Trading Co. Ltd. and U.S.-based company NetSol Technologies, Inc. have signed a joint venture agreement to establish a new software development and information technology services company. (more) |
| 4/14/2009 |
CMA Licenses Five Investment Companies April 14, 2009 – The Capital Market Authority (CMA) has recently authorized five securities and investment companies to operate in Saudi Arabia. (more) |
| 4/14/2009 |
Morgan Stanley Named Underwriter for AXA Cooperative IPO April 14, 2009 – Morgan Stanley Saudi Arabia has been chosen to be the financial advisor and underwriter for AXA Cooperative Insurance Company’s upcoming initial public offering (IPO). (more) |
| 4/11/2009 |
Binladin Group to Build KEC Marketing Center April 11, 2009 – Knowledge Economic City (KEC) has awarded a contract to Saudi Binladin Group for the construction and development of KEC’s marketing center. (more) |
| 4/8/2009 |
Fluor Signs Two Contracts for Acrylic Acid Plant April 8, 2009 – Fluor Corporation has signed a contract with Saudi Acrylic Monomer Company to act as the project management consultant on an acrylic acid plant project in Jubail. (more) |
| 4/7/2009 |
BAE Announces Transfer of Aviation Technology April 7, 2009 – BAE Systems Inc., a global defense, security, and aerospace company, recently announced its plans to share aviation technology with local Saudi Arabian engineering and aeronautics companies. (more) |
| 4/7/2009 |
Saudi Binladin Signs $453 Million Rail Deal April 7, 2009 – Saudi Binladin Group (SBG) and Thales have recently signed a contract for work on the North-South Railway Project. (more) |
| 4/6/2009 |
Cisco Chosen to Upgrade Arab National Bank Infrastructure April 6, 2009 – Arab National Bank (ANB), one of the Middle East’s top 10 banks, has selected Cisco Systems to upgrade its branch infrastructure with an integrated wide-area network (WAN) solution. (more) |
| 4/3/2009 |
Raytheon to Supply RSAF with Sidewinder Missiles April 3, 2009 – The Royal Saudi Air Force (RSAF) has awarded a contract to Raytheon Company to supply infrared-guided AIM-9X Sidewinder tactical and training missiles. (more) |
| 4/2/2009 |
King Abdullah Meets with President Obama in London April 2, 2009 – During a recent trip to London as part of the G-20 Summit, King Abdullah met with President Obama to discuss bilateral cooperation between the U.S. and Saudi Arabia. (more) |
| 3/30/2009 |
SAMA’s Governor Named Head of Gulf Monetary Council March 30, 2010 – H.E. Dr. Muhammad Al-Jasser, Governor of the Saudi Arabian Monetary Agency (SAMA), the Kingdom’s central bank, has been selected as the first chairman of the new Gulf Monetary Council. (more) |
| 3/29/2009 |
H.R.H. Prince Naif Named Deputy Prime Minister H.R.H. Prince Naif Bin Abdul Aziz Al-Saud has been named Second Deputy Prime Minister by King Abdullah Bin Abdul Aziz. (more) |
| 3/27/2009 |
NCB Named “Best Local Private Bank” March 27, 2009 – The Private Banking Division of the National Commercial Bank (NCB) was recently named “Best Local Private Bank in Saudi Arabia” by Euromoney magazine. (more) |
| 3/26/2009 |
Ernst & Young, Jenan Sign Corporate Governance Agreement March 26, 2009 – Ernst & Young Saudi Arabia has signed an agreement with the newly established Jenan Real Estate Company to develop a corporate governance strategy for Jenan. (more) |
| 3/25/2009 |
Cisco Unveils ICT Plan for KEC March 25, 2009 – Cisco Systems has recently completed its information and communications technology (ICT) design plan for Knowledge Economic City (KEC). (more) |
| 3/25/2009 |
Saudi Aramco, Al Rushaid Partner with Dresser-Rand March 25, 2009 – Houston-based manufacturing company Dresser-Rand has entered into a corporate procurement agreement with Saudi Aramco and a joint venture with long-time partner Al Rushaid Petroleum Investment Company (Al Rushaid). (more) |
| 3/23/2009 |
Al Rushaid, Flowserve Open Hydraulics Training Facility March 23, 2009 – Al Rushaid Group and Flowserve Corporation recently opened a joint hydraulics technology educational center in conjunction with the largest pump manufacturing, repair, and testing facility in the region. (more) |
| 3/17/2009 |
SABB Named “Best Trade Finance Bank in Saudi Arabia” March 17, 2009 – SABB has been named “Best Trade Finance Bank in Saudi Arabia” for 2009 by Global Finance magazine. (more) |
| 3/17/2009 |
Saudi Binladin, York Open Factory in Jeddah March 17, 2009 – Saudi Binladin Group, in conjunction with York, part of the U.S.-based Johnson Controls Company, recently opened its Jeddah factory under the name Al-Salem-York. (more) |
| 3/16/2009 |
Naizak, Aramco partner with GlobalEnglish March 16, 2009 – Naizak Global Engineering Systems, a subsidiary of Al Abdulkarim Group, has been chosen as the official Saudi partner for GlobalEnglish Corporation, a U.S.-based provider of on-demand learning and support for English-language business communication. (more) |
| 3/15/2009 |
Al Rajhi to Establish University in Al-Qassim March 15, 2009 – Al Rajhi Group recently announced plans to establish a multi-million dollar university in Bukairiya, Al-Qassim, which will be called Suleiman Al-Rajhi University (SRU). (more) |
| 3/13/2009 |
NCB Helps Start Home Businesses March 13, 2009 – National Commercial Bank (NCB) recently launched a program titled “Starting Your Business from Home,” designed to assist women in gaining the skills necessary to begin a home-based business. (more) |
| 3/12/2009 |
National Shipping Company Adds New U.S. Port March 12, 2009 – The National Shipping Company of Saudi Arabia (NSCSA) has announced the addition of the port of Charleston, South Carolina, to its shipping service between Saudi Arabia and the U.S. (more) |
| 3/11/2009 |
Aramco Completes Drilling at Khurais Oil Field March 11, 2009 – Saudi Aramco has announced that it has completed drilling at Khurais oil field, 10 months ahead of schedule. (more) |
| 3/11/2009 |
SABB Names New Chairman and Managing Director March 11, 2009 – Following a recent Board of Directors’ meeting, SABB has named a new Chairman and a new Managing Director. (more) |
| 3/9/2009 |
Saudi Aramco Signs Contract with U.S. Company March 9, 2009 – Saudi Aramco has awarded a contract to J. Ray McDermott, S.A., a subsidiary of U.S. oil and gas services company McDermott International Inc. (more) |
| 3/4/2009 |
Al-Rajhi Alliance Wins Haramin Rail Contract March 4, 2009 – The Al-Rajhi Alliance, including such companies as Al Rajhi Investment Group, Mada Company for Industrial & Commercial Investment, and China Railway Construction Corp., has recently been awarded the Haramain contract, valued at $1.8 billion (SR6.79 billion). (more) |
| 3/4/2009 |
Al-Tayyar Travel, Travelport GDS Sign Contract March 4, 2009 – Al-Tayyar Travel Group has signed a multi-year agreement with U.S.-based Travelport GDS, a provider of global distribution systems (GDS). (more) |
| 3/3/2009 |
SEC Awards Contracts for Manifa Substation March 3, 2009 – The Saudi Electricity Company (SEC) has awarded two contracts for the new substation at the Manifa oil field. (more) |
| 3/2/2009 |
Ma’aden Signs Two Contracts for Ras Azzour March 2, 2009 – Saudi Arabian Mining Company (Ma’aden) has signed contracts pertaining to its mine-to-metal aluminum project at Ras Azzour with Rio Tinto Alcan and Aluminum Pechiney. (more) |
| 2/19/2009 |
Saudi Binladin Group Begins Construction at KSU February 19, 2009 – Saudi Binladin Group (SBG) has begun construction work on the women’s college at King Saud University (KSU), located in Riyadh. (more) |
| 2/19/2009 |
Saudia, GE Aviation Sign $300 Million Contract February 19, 2009 – Saudi Arabian Airlines (Saudia) and GE Aviation Services, a business unit of General Electric Company, have signed a 10-year agreement worth $300 million (SR1.1 billion). (more) |
| 2/12/2009 |
Fawaz Alhokair Signs Contract with Marriott International February 12, 2009 – Fawaz Alhokair Group has been awarded a long-term contract by Marriott International to manage the latest of Marriott’s luxury hotels, JW Marriott and Marriott Executive Apartments in Riyadh. (more) |
| 2/12/2009 |
Saudi Arabia Implements New Customs Labeling Regulations February 12, 2009 – The Saudi Arabian Department of Customs has announced that, effective immediately, all items being shipped to Saudi Arabia must have the country of origin engraved or affixed by a non-removable sticker. (more) |
| 2/12/2009 |
Saudi Binladin Group Forms New Healthcare Unit February 12, 2009 – Saudi Binladin Group has announced the establishment of a healthcare division of the company, Healthcare Development Holding Company (HDH). (more) |
| 2/11/2009 |
GE Energy to Provide Turbines for Three Saudi Power Plants February 11, 2009 - GE Energy, a business unit of General Electric Company, has signed a contract with the Saudi Electricity Company (SEC) for $912.8 million (SR3.4 billion). (more) |
| 2/6/2009 |
Al-Zamil, Darco Southern Sign Distributorship Agreement February 6, 2009 – Darco Southern, Inc. has recently signed an exclusive distributor agreement with the Commercial Division of Al-Zamil Group Holding, a member of the U.S.-Saudi Arabian Business Council (USSABC). (more) |
| 2/1/2009 |
Advanced Electronics Company Establishes Manufacturing JV February 1, 2009 – Advanced Electronics Company (AEC) has signed partnership agreements with HBL Power Systems LTD and Abdullah H. Al-Shuwayer Group of Companies to establish a joint venture company. (more) |
| 1/31/2009 |
GE Healthcare to Aid Medical Sector January 31, 2009 – GE Healthcare, a business unit of General Electric Company, and Dr. Sulaiman Al Habib Medical Group have recently detailed the framework of their strategic partnership, which was originally signed in April 2008. (more) |
| 1/28/2009 |
Saudi Aramco Introduces First Offshore Fabrication Facility January 28, 2009 – The Offshore Projects Division of Saudi Aramco has begun construction on four offshore platforms at the new STAR Fabrication Facility. (more) |
| 1/28/2009 |
WorleyParsons Commissioned for Saudi Aramco Clean Fuels Project January 28, 2009 – WorleyParsons has been selected by Saudi Aramco to carry out the Clean Fuels Project, worth up to $400 million (SR1.5 billion), at the Yanbu refinery. (more) |
| 1/25/2009 |
Saudi Binladin Wins North-South Railway Contract January 25, 2009 – The joint venture of Saudi Binladin Group and Thales has been granted a $534 million (SR2 billion) contract by Saudi Arabia’s Public Investment Fund (PIF) for work on the North-South Railway Project (NSRP). (more) |
| 1/22/2009 |
SABIC Maintains Strong Credit Ratings January 22, 2009 - Standard & Poor’s Rating Services has recently affirmed the rating of “A+” long-term and “A-1” short-term corporate credit ratings for Saudi Basic Industries Corporation (SABIC). (more) |
| 1/21/2009 |
STC Signs Distribution, Infrastructure Agreements January 21, 2009 – Saudi Telecom Company (STC) and Al-Falak Electronic Equipment and Supplies Co. have signed an agreement through which Al-Falak will promote and sell STC’s Enterprise Business Unit services in Saudi Arabia. (more) |
| 1/20/2009 |
SABIC Selects U.S. Asset Management Company for Project January 20, 2009 – Saudi Basic Industries Corporation (SABIC) has selected Meridium, a U.S. asset performance management software and solutions company, to assist with the SABIC Total Reliability Program (STRP4). (more) |
| 1/19/2009 |
Al-Rashid Wins KSU Contract January 19, 2009 – Al-Rashid Trading & Contracting Company has been awarded a $427 million (SR1.6 billion) contract to construct academic staff residences at King Saud University (KSU) in Riyadh. (more) |
| 1/14/2009 |
SABIC Receives Strong Financial Rating January 14, 2009 – Saudi Basic Industries Corporation (SABIC) has recently been assigned a senior unsecured ‘A+’ rating by Fitch Ratings. (more) |
| 1/11/2009 |
Al-Rashid Wins Border Fence Contract January 11, 2009 – Al-Rashid Trading & Contracting Company, in conjunction with European Aeronautic Defense & Space Company (EADS), has been awarded the contract for a border surveillance program, which is phase two of the Saudi Arabian Border Guard Modernization Project (Miksa). (more) |
| 1/11/2009 |
NCB, Dun & Bradstreet Launch Kingdom’s First BOI January 11, 2009 – National Commercial Bank (NCB) has joined with Dun & Bradstreet South Asia Middle East Ltd. (D&B) to introduce the first Business Optimism Index (BOI) for Saudi Arabia. (more) |
| 1/8/2009 |
FLIR Systems to Supply Infrared Cameras to Saudis January 8, 2009 – FLIR Systems, Inc. has recently been awarded a contract worth $12.8 million (SR48 million) to supply Saudi Arabia with its RECON III infrared camera system. (more) |
| 1/7/2009 |
Morgan Stanley Launches Equity Fund January 7, 2009 – As part of its Middle East expansion strategy, Morgan Stanley has launched a Saudi Equity Fund. (more) |
| 1/7/2009 |
Riyad Bank, Al Alamiya to Form Insurance Company January 7, 2009 – Riyad Bank and Al Alamiya for Commerce & Services, a branch of Royal & Sun Alliance Insurance in the Kingdom, have received approval from the Council of Ministers to form a cooperative insurance company. (more) |
| 1/6/2009 |
Saudi Aramco Discovers New Oil and Gas Fields January 6, 2009 – Five new oil fields and three new gas fields have recently been discovered by Saudi Aramco. (more) |
| 1/4/2009 |
Alfanar Wins SEC Substation Contract January 4, 2009 - Alfanar Construction Company has been selected by the Saudi Electricity Company (SEC) for a $118 million (SR444.5 million) contract. (more) |
| 12/30/2008 |
Saudi Arabia Releases 2009 Budget The Saudi Government has announced an economic stimulus budget for the 2009 fiscal year, valued at $126.7 billion (SR475 billion). (more) |
| 12/29/2008 |
Elaf Group Aims to Increase Tourism Revenue December 29, 2008 – Elaf Group of Companies is planning a tourism and development strategy that will be implemented across business, recreational, and religious tourism markets. (more) |
| 12/29/2008 |
Saudi Aramco, Total Award Jubail Refinery Contract December 29, 2008 – Saudi Aramco and Total have signed an agreement with Contracting & Construction Enterprises Ltd. of Saudi Arabia to build temporary facilities to support the construction of their joint Jubail oil refinery. (more) |
| 12/29/2008 |
Saudia Selects Hamilton Sundstrand Auxiliary Power Unit December 29, 2008 – Saudi Arabian Airlines (Saudia) has chosen Hamilton Sundstrand, a subsidiary of United Technologies Corporation, to install the APS 3200 Auxiliary Power Unit (APU) on its new fleet of 50 Airbus A320 series planes. (more) |
| 12/28/2008 |
STC Launches Fiber Optics Services December 28, 2008 – Saudi Telecom Company (STC) has introduced the first fiber optics service for residential customers, which provides internet speeds up to 100MB per second. (more) |
| 12/26/2008 |
Saudi Aramco One of World’s Most Influential Companies December 26, 2008 – Business Week’s first annual publication of “The World’s Most Influential Companies” ranks Saudi Aramco in the seventh position. (more) |
| 12/17/2008 |
National Shipping Company to Double Fleet December 17, 2008 – The National Shipping Company of Saudi Arabia (NSCSA) will continue to double the size of its fleet, NSCSA President of Oil and Gas Saleh Al Shamekh recently said. (more) |
| 12/17/2008 |
Saudi Ericsson, TeleFinity Continue Partnership December 17, 2008 – Saudi Ericsson and TeleFinity have announced the extension of their telecommunications and distribution partnership. (more) |
| 12/17/2008 |
Saudi Telecom Wins “Best Wholesaler of the Year” December 17, 2008 – Saudi Telecom Company (STC) was recently named “Best Wholesaler of the Year” for the Middle East region at the annual World Telecommunications Awards Ceremony. (more) |
| 12/15/2008 |
Verizon Buys Stake in Optical Communications Co. December 15, 2008 – Verizon Communications has bought 15 percent of the new Saudi fixed-line operator Optical Communications Company, which was granted one of three licenses in 2007 to open up the fixed-line market. (more) |
| 12/14/2008 |
Al-Zamil Joint Venture Opens Dammam Plant December 14, 2008 – Armacell Zamil Middle East Company Limited recently celebrated the grand opening of its manufacturing facility in Dammam. (more) |
| 12/12/2008 |
Saudi Aramco, Dow Chemical to Upgrade Ras Tanura December 12, 2008 – Saudi Aramco and The Dow Chemical Corporation will commence the first phase of the upgrade of the Ras Tanura integrated refinery and petrochemicals complex by the end of January 2009. (more) |
| 12/11/2008 |
GMC Wins Editor’s Choice Award December 11, 2008 – The GMC Acadia, a new crossover vehicle developed by General Motors, has won Saudi Auto Magazine’s November 2008 “Editor’s Choice Award,” beating Hyundai, Mazda, and Honda competitors in the crossover class. (more) |
| 12/3/2008 |
Sun Microsystems to Upgrade SWCC's IT System December 3, 2008 – The Saline Water Conversion Corporation (SWCC) has chosen Sun Microsystems to assist in the upgrade of its information technology (IT) infrastructure. (more) |
| 12/2/2008 |
U.S. and Saudi Arabia Sign Science and Technology MOU December 2, 2008 – The U.S. and Saudi Arabia have signed a Memorandum of Understanding (MOU) on science and technology cooperation, formalizing decades of scientific collaboration between the two countries. (more) |
| 12/1/2008 |
Saudi Aramco Ranked Largest Oil Company December 1, 2008 – Petroleum Intelligence Weekly has released its annual ranking of the world’s 50 largest oil companies and Saudi Aramco has maintained its top position. (more) |
| 11/26/2008 |
Zahid Tractor Launches New Volvo Truck Line Zahid Tractor, a division of Zahid Industries Group, has introduced a new truck line from Volvo Trucks, a Ford Motors brand, to the Saudi market. (more) |
| 11/24/2008 |
J.P. Morgan Chase Celebrates 75 Years in Kingdom J.P. Morgan Chase & Co. recently celebrated 75 years of doing business in Saudi Arabia. (more) |
| 11/24/2008 |
Proposed SABIC Bond Receives ‘A+’ Rating A proposed $750 million (SR2.8 billion) bond from Saudi Basic Industries Corporation (SABIC) subsidiary, SABIC Capital I B.V., has been issued an ‘A+’ long-term rating by Standard and Poor’s Rating Services. (more) |
| 11/24/2008 |
Saudi Aramco Signs Contract with Flowserve Corp. Saudi Aramco has signed a 10 year supplier agreement with Flowserve Corporation, a U.S.-based company that provides flow control products and services. (more) |
| 11/23/2008 |
Microsoft, Cullinan Consulting Form Partnership Microsoft Arabia, part of Microsoft Corporation, has announced a new alliance with Cullinan Consulting, a firm that specializes in revenue performance improvement. (more) |
| 11/20/2008 |
Saudi Aramco Receives Research and Innovation Award The New Horizons Idea Award was recently presented to Saudi Aramco’s Exploration and Petroleum Engineering Center - Advanced Research Center (EXPEC ARC) at the 2008 World Oil Awards. (more) |
| 11/19/2008 |
Pfizer Opens Anti-Smoking Clinic Pfizer International Inc. working in collaboration with New Jeddah Clinic Hospital, has recently opened the first private sector anti-smoking clinic in Saudi Arabia. (more) |
| 11/19/2008 |
SABIC, Exxon Mobil to Research Elastomers Plant Project Saudi Basic Industries Corporation (SABIC) and Exxon Mobil have signed a heads of agreement (HOA) to begin studies for an elastomers project, which will be affiliated with the Saudi Clusters Program. (more) |
| 11/17/2008 |
Saudi Aramco Unveils New Nuclear Magnetic Resonance Tool Saudi Aramco’s EXPEC Advanced Research Center (EXPEC ARC), in collaboration with Baker Hughes Inc., has successfully developed and tested the oil industry’s first small-hole logging-while-drilling nuclear magnetic resonance (LWD NMR) tool. (more) |
| 11/14/2008 |
NATCO Al-Rushaid Receives Company Registration Certificate NATCO Al-Rushaid, a joint venture between Al Rushaid Investment Company and NATCO, recently announced that it was awarded a Company Registration Certificate by the Ministry of Commerce and Industry in Dammam. (more) |
| 11/12/2008 |
E.A. Juffali, TVTC Establish Training Institute E.A. Juffali & Brothers Company has signed a Memorandum of Understanding (MoU) with the Technical and Vocational Training Corporation (TVTC) to create an advanced training institute in Jeddah, which will be staffed by an international team of renowned instructors. (more) |
| 11/11/2008 |
SEC Plans 9 Independent Power Projects Saudi Electricity Company (SEC) has announced plans to launch nine independent power projects between 2014 and 2021. (more) |
| 11/10/2008 |
Cisco to Upgrade MEFIC Technology The Middle East Financial Investment Company (MEFIC) has chosen Cisco Systems to upgrade the company’s information technology (IT) infrastructure. (more) |
| 11/8/2008 |
Dow Chemical, SABIC Launch World’s Largest Polypropylene Train Dow Technology Licensing, a division of The Dow Chemical Company, and Saudi European Petrochemical Co., a joint venture of Saudi Basic Industries Corporation (SABIC), have announced the completion of the world’s largest polypropylene train. (more) |
| 11/6/2008 |
Saudi Binladin Group Set to Develop Port in JEC The lead developers of Jizan Economic City (JEC), Saudi Binladin Group and MMC, recently signed an agreement for the construction of a new industrial port in JEC that will cost an estimated $1.4 billion (SR4.9 billion). (more) |
| 11/5/2008 |
CB&I Completes Polypropylene Plant Lummus Technology, a CB&I company, and Advanced Polypropylene Company (APPC) have announced the successful completion of a polypropylene plant in Jubail. (more) |
| 11/5/2008 |
General Dynamics Wins Saudi Military Contract General Dynamics Corporation has been awarded a contract worth $58 million (SR203 million) by the United States Army to convert Abrams tanks for use by the Saudi Military. (more) |
| 11/4/2008 |
Cisco to Provide ICT Network for Al-Othaim Cisco Systems has been chosen as the preferred technology provoder for Al-Othaim Markets Co.’s (Al-Othaim) information and communication technology (ICT) network infrastructure needs countrywide. (more) |
| 11/4/2008 |
GE Energy Recognized at Water and Power Forum During the 2008 Saudi Water and Power Forum, GE Energy, a division of General Electric Company, was awarded the Marafiq Award for Sustainability by Marafiq, a Saudi power and utility company. (more) |
| 11/4/2008 |
Saudi Binladin Group Receives $68 Million KAEC Contract Saudi Binladin Group has been awarded a $68 million (SR239 million) contract by Emaar, The Economic City (Emaar E.C.), the master developer of King Abdullah Economic City (KAEC). (more) |
| 11/4/2008 |
Saudi Electricity Company Ranks Among Top Energy Companies Platts, a division of The McGraw-Hill Companies, has released its list of the world’s 250 top performing energy companies. (more) |
| 11/4/2008 |
Zahid, CPC Form Joint Venture Zahid Holding Group and Construction Products Holding Company (CPC) have announced the formation of a joint venture that will create a limited liability company to be named Warehousing and Distribution Holding Co. (WARID). (more) |
| 11/3/2008 |
SABB Named ‘Top Cash Management Bank’ in Saudi Arabia November 3, 2008 – According to a poll taken by Euromoney Magazine, SABB has been named Saudi Arabia’s ‘Top Cash Management Bank.’ (more) |
| 11/2/2008 |
New Saudi Aramco CEO Named Saudi Arabia’s Supreme Council for Petroleum and Mineral Affairs has named Eng. Khalid bin Abdulaziz Al-Faleh as the new President and CEO of Saudi Aramco, effective January 1, 2009. (more) |
| 10/28/2008 |
PepsiCo Introduces Gatorade to Kingdom PepsiCo International has announced that the company will be introducing its sports drink product, Gatorade, into the Saudi market. (more) |
| 10/22/2008 |
Sun Microsystems to Expand Operations in GCC Sun Microsystems has signed an agreement with Wipro Technologies to expand its operations within the Gulf Cooperation Council regions. (more) |
| 10/20/2008 |
NCB Capital Expands Operations in Asset Management NCB Capital, the investment-banking arm of National Commercial Bank, has acquired The Capital Partnership (TCP), a leading asset manager to both institutional and high net worth clients. (more) |
| 10/14/2008 |
Cisco Implements IT Infrastructure for Saudi Company Cisco Systems has recently implemented a new information technology (IT) network for Derayah, an emerging financial services firm in Saudi Arabia. (more) |
| 10/14/2008 |
Zamil Industrial Forms New Joint Venture Zamil Industrial, a subsidiary of Al-Zamil Group of Companies, has formed a new joint venture with U.S.-based Hudson Products Corporation. (more) |
| 10/13/2008 |
Kingdom Holding Company Launches New Mega Projects Kingdom Holding Company (KHC) has launched the development of Kingdom City and Kingdom Tower in Jeddah. (more) |
| 10/10/2008 |
Ibn Rushd Signs Contract with Lummus Technology Ibn Rushd, an affiliate of Saudi Basic Industries Corporation (SABIC), has commissioned U.S.-based Lummus Technology to develop a single line propane dehydrogenation facility in Yanbu, which will utilize CATOFIN® technology. (more) |
| 10/7/2008 |
Fitch Affirms Stable Outlook for Saudi Investment Bank Fitch Ratings has affirmed positive marks for Saudi Investment Bank (SAIB), whose long-term issuer default rating (IDR) is ‘A-.‘ SAIB also received a short-term IDR rating of ‘F2’ with a Stable Outlook. (more) |
| 10/6/2008 |
Bechtel to Develop Ras Azzour Smelter Bechtel has signed an agreement for the engineering, procurement, and construction of a key aluminum smelter at the Ras Azzour industrial complex. (more) |
| 9/26/2008 |
Al Rajhi Bank Launches New E-Services The corporate segment of Al Rajhi Bank has launched “Corporate Direct,” a new online corporate electronic banking services channel. (more) |
| 9/23/2008 |
ABM, Acer to Drive Growth in Saudi Arabia’s IT Industry Acer, the world’s third largest computer vendor, has partnered with Arabian Business Machines Company (ABM), a subsidiary of Olayan Group, to expand operations and services in Saudi Arabia. (more) |
| 9/22/2008 |
IBM, KAUST to Build Middle East’s Most Powerful Super Computer IBM and King Abdullah University of Science and Technology (KAUST) have teamed up on a project to construct the most complex, high-performance computing (HPC) system in the Middle East. (more) |
| 9/20/2008 |
SAIB and Bank Al Jazira Maintain Strong Ratings, Stable Outlook Fitch Ratings has affirmed strong marks for Saudi Investment Bank (SAIB) and Bank Al Jazira. (more) |
| 9/16/2008 |
Saudia Privatizes Portion of Freight Sector Saudi Arabian Airlines (Saudia) has signed an agreement to sell 30 percent of the company’s freight sector to Tarabut Air Freight Services Company. (more) |
| 9/15/2008 |
KHC Signs Major Financing Agreement Kingdom Holding Company (KHC) has signed an $800 million (SR3 billion) financing agreement with a consortium of three banks—Samba Financial Group, Riyad Bank, and Banque Saudi Fransi. (more) |
| 9/10/2008 |
Saudi Arabia and Chevron Extend Partitioned Neutral Zone Agreement Chevron Corporation has announced a 30-year extension of its agreement with Saudi Arabia to operate in the Partitioned Neutral Zone (PNZ) between the Kingdom and Kuwait. (more) |
| 9/10/2008 |
Saudi Arabia Ranked Middle East’s Most Business-Friendly Economy In the “Doing Business 2009” report released by the World Bank, Saudi Arabia has been ranked as the Middle East’s most business-friendly economy, ahead of such countries as the U.A.E., Qatar, and Bahrain. (more) |
| 9/9/2008 |
Saudi Air Force Increases Order of GE Engines The Saudi Royal Air Force has increased its order of F110-GE-129C engines to 91, in a deal worth $750 million (SR2.8 billion). (more) |
| 9/8/2008 |
Arab National Bank Subsidiary Forms Partnership with SEI ANB Invest (ANBI), a subsidiary of Arab National Bank, has formed a strategic partnership with SEI, a global provider of outsourced asset management and investment processing. (more) |
| 9/7/2008 |
Juffali Chemical Products Forms Agreement with SpEC Juffali Chemical Products (JCP), a subsidiary of E.A. Juffali & Brothers, has been appointed as the sole distributor in Saudi Arabia for Specialty Engineering Products (SpEC). (more) |
| 9/5/2008 |
Kalbian Hagerty Forms Partnership with Abdulnasir Al Sohaibani Law Offices Kalbian Hagerty LLP has entered into a new strategic alliance with the Abdulnasir Al Sohaibani Law Offices in Riyadh, Saudi Arabia, to provide legal services and business advice to clients in Saudi Arabia, the United States, and elsewhere around the world. (more) |
| 9/5/2008 |
Sikorsky Aerospace Signs Agreement with Saudi Ministry of Interior Sikorsky Aerospace Services has announced a five-year contract with Saudi Arabia's Ministry of Interior to provide an Operations and Maintenance Support Program for the S-92(R), S-76(R), and S-434(TM) helicopters, which were purchased by the Ministry in 2007. (more) |
| 9/4/2008 |
Fitch Upgrades Arab Bank’s Ratings International ratings agency Fitch has announced that Arab Bank's long-term issuer default rating (IDR) has been upgraded to 'A-' (A minus) with a stable outlook. (more) |
| 9/3/2008 |
Saudi Aramco Opens Khursaniyah Field Saudi Aramco has begun pumping crude oil from the Khursaniyah field. (more) |
| 8/29/2008 |
Foreign Investment in Saudi Arabia Breaks Record For the first time in Saudi Arabia’s history, foreign investment in the Kingdom crossed the $400 billion mark. (more) |
| 8/27/2008 |
SupplyCore Expands Core Products at Riyadh Location SupplyCore is expanding its primary products stocked in its Riyadh warehouse to include Corning fiber optic network infrastructure solutions. (more) |
| 8/26/2008 |
Morgan Stanley Completes Kingdom’s First Equity Swap Agreement Morgan Stanley Saudi Arabia (MSSA) has become the first investment bank to complete a Swap Agreement with a non-resident foreign investor for a single stock. (more) |
| 8/21/2008 |
Saudi Stocks Open to Foreign Investors The Saudi Government has announced that foreigners will be able to buy shares listed on the country’s stock market, Tadawul, through licensed intermediaries. (more) |
| 8/17/2008 |
Jubail Chevron to Begin Exporting Jubail Chevron Phillips Co. has announced plans to begin exporting petrochemicals in September. (more) |
| 8/13/2008 |
Saudi Aramco Awards Contract for New Gas Plant Saudi Aramco has awarded a $501 million (SR1.9 billion) contract to South Korea-based GS Engineering & Construction Corporation. (more) |
| 8/11/2008 |
Morgan Stanley Wins Approval for Saudi Shares Fund Morgan Stanley has received approval to set up a fund to invest in Saudi equities. (more) |
| 8/8/2008 |
Boeing Company Awarded Saudi Air Force Contract The Boeing Company has won a $42 million (SR157.5 million) contract to install radars for the Royal Saudi Air Force. (more) |
| 8/6/2008 |
Al-Rajhi Steel Announces $1 Billion Expansion Project Al-Rajhi Steel Industries, one of Saudi Arabia’s largest steel producers, announced plans to spend up to $1.07 billion (SR4 billion) to more than double its production capacity by 2012. (more) |
| 8/5/2008 |
Saudi Aramco Names New Head Engineer for Ras Tanura Expansion Project Saudi Aramco has named Nabilah al-Tunisi as new head engineer for its massive expansion project at Ras Tanura, Saudi Arabia’s largest refinery. (more) |
| 8/4/2008 |
Morgan Stanley Saudi Arabia Names New CEO Morgan Stanley has appointed Habib Achkar as Chief Executive Officer of Morgan Stanley Saudi Arabia (MSSA). (more) |
| 8/4/2008 |
SACO Utilizes Sybase Technologies for Data Management Saudi Arabian Company for Hardware (SACO), the leading hardware company and primary dealer of ACE Hardware in Saudi Arabia, has implemented Sybase Products technology to effectively manage and secure its database. (more) |
| 7/17/2008 |
Boeing Modifies Saudi AWACS The Boeing Company has concluded a communications upgrade on the first of five Saudi E-3 Airborne Warning and Control System (AWACS) aircraft at the Boeing Military Flight Center in Seattle, Washington. (more) |
| 7/17/2008 |
Emaar, E.C. and Rezayat Aggreko Sign Agreement for Turnkey Power in KAEC Emaar, The Economic City, the Tadawul-listed company developing King Abdullah Economic City (KAEC), signed a contract worth over $6 million (SR25 million) with Rezayat Aggreko, the joint venture of Saudi Arabia-based Rezayat Group and Aggreko Plc, to provide temporary power services for KAEC through turnkey power packages. (more) |
| 7/17/2008 |
Ma’aden Offers Mideast’s Largest Mining IPO With Success Saudi Arabian Mining Company (Ma’aden) offered a $2.47 billion (SR9.25 billion) Initial Public Offering (IPO) for 462.5 million shares, half of the company’s issued capital. (more) |
| 7/17/2008 |
SAFCO, Hadeed To Build Flat Steel Products Facility The Saudi Arabian Fertilizer Company (SAFCO) and Saudi Iron and Steel Company (Hadeed), both SABIC affiliates, have signed an agreement to build a flat steel products facility in Jubail Industrial City as equal partners. (more) |
| 7/15/2008 |
Council of Ministers Extends Chevron’s Oil Concession The Council of Ministers has extended the 5,000 square meter oil concession held by Chevron. (more) |
| 7/15/2008 |
NCB Selected To Be Financial Advisor to KEC Knowledge Economic City Development Co. Ltd. (KEC) has appointed NCB Capital to serve, alongside Riyadh-based Swicorp, as financial advisor in advance of KEC's intent to list 30 percent of its shares in an upcoming initial public offering. (more) |
| 7/15/2008 |
Saudi Aramco Signs Agreement With SABIC Sino Saudi Aramco Company Ltd., a subsidiary of Saudi Aramco, has signed a mutual cooperation agreement with SABIC Shenzhen Trading Company Ltd., a SABIC subsidiary in China. (more) |
| 7/14/2008 |
Al Tayyar Travel Partners with U.S.-Based Elleipsis, Inc. Al Tayyar Travel and Tourism Group has partnered with U.S.-based Elleipsis, Inc., a wholly-owned subsidiary of Elleipsis Global Travel Solutions, Inc. (more) |
| 7/14/2008 |
Saudi Arabian Airlines Orders Eight Airbus A330-300 Planes Saudi Arabian Airlines (Saudia) has signed a contract with Airbus for the delivery of eight A330-300 wide body aircraft as part of its efforts to modernize and upgrade its fleet. (more) |
| 7/11/2008 |
DLA Piper and Abdulaziz Al Bosaily Establish Joint Practice DLA Piper and Abdulaziz Al Bosaily Law Office have established a joint practice in Saudi Arabia in order to expand DLA Piper’s presence in the Kingdom. (more) |
| 7/10/2008 |
Saudi Electricity Company Rated ‘AA-’ by Fitch Fitch Ratings has upgraded Saudi Electricity Company’s (SEC) long-term issuer default rating (IDR) and senior unsecured ratings from ‘A+’ to ‘AA-,’ following the upgrade of Saudi Arabia’s long-term IDR to ‘AA-’ from ‘A+’ on July 9, 2008. (more) |
| 7/8/2008 |
UBS to Set Up Operations in Saudi Arabia UBS Financial Services, Inc. has announced plans to establish a financial unit in Saudi Arabia as part of an effort to expand wealth management and advisory services in the Kingdom. (more) |
| 7/7/2008 |
Zamil Air Conditioners Awarded KAUST Contract Zamil Air Conditioners, a subsidiary of Al-Zamil Group Holding, has signed a $21.4 million (SR80 million) deal with King Abdullah University of Science and Technology (KAUST) to supply custom climate control systems. (more) |
| 7/5/2008 |
KAUST Names Hogan & Hartson LLP Outside Legal Counsel King Abdullah University of Science and Technology (KAUST) announced Hogan & Hartson LLP as outside legal counsel. (more) |
| 7/3/2008 |
Saudi Aramco, Dow to Build $26 Billion Petrochemicals Plant Saudi Aramco and Dow Chemical Company have brokered a deal to build a $26 billion (SR97.5 billion) petrochemicals plant in the Kingdom. (more) |
| 7/2/2008 |
Saudia Hires Sun Microsystems for IT Infrastructure Upgrade Saudi Arabian Airlines (Saudia) has hired Sun Microsystems for a complete IT infrastructure upgrade to meet the demands of its current and future growth and ensure business continuity. (more) |
| 7/2/2008 |
Shura Council Approves Mortgage Law Saudi Arabia’s Shura Council has approved a draft of the long-awaited Mortgage Law, giving way to government approval that will increase property ownership, as well as diversify bank income sources. (more) |
| 6/27/2008 |
NCB Forms Research Chair at King Saud University National Commercial Bank (NCB) Chairman Abdullah Bahamdan has signed an agreement with King Saud University (KSU) Director Dr. Abdullah Al-Othman for the establishment of the ‘NCB Research Chair,’ or professorship, at KSU. (more) |
| 6/25/2008 |
Al Rushaid to Build Gulf’s First Combustion Plant Al Rushaid Group has signed a joint venture agreement with U.S.-based Zeeco, Inc. to build an original equipment manufacturer (OEM) facility for flare technologies. (more) |
| 6/25/2008 |
National Shipping Company Expands Operations in Saudi Arabia As part of a five-year strategic expansion plan, the National Shipping Company of Saudi Arabia (NSCSA) has worked to bolster operations in the Gulf region and around the world. (more) |
| 6/23/2008 |
SABIC Signs $2.5 Billion Joint Venture Agreement Saudi Basic Industries Corp. (SABIC) has signed an agreement with China-based Sinopec Corp. for a joint venture petrochemicals project worth approximately $2.5 billion. (more) |
| 6/23/2008 |
Saudi Arabia to Boost Oil Production by 200,000 BPD During the global energy summit held in Jeddah, Saudi Arabia announced an oil production increase of 200,000 barrels per day (bpd) and expressed a willingness to further boost output, if needed, to meet global demand and stabilize oil prices. (more) |
| 6/23/2008 |
Saudi Aramco Forms Jubail Refining and Petrochemical Company Saudi Aramco has established the Jubail Refining and Petrochemical Company, as part of a joint venture with Total. (more) |
| 6/18/2008 |
Alfanar Construction Company Awarded Contracts by SEC Alfanar Construction Company has signed a series of contracts with the Saudi Electricity Company (SEC) for the construction of new power plants and substations throughout the Kingdom. (more) |
| 6/17/2008 |
Kingdom Holding Company Increases Stake in National Air Services Kingdom Holding Company (KHC) has increased its shares in the Saudi National Air Services Company Ltd (NAS) through the purchase of Abraaj NAS, which held a 30-percent stake in the aviation company. (more) |
| 6/17/2008 |
SABIC Outlines Plans to Double Production At the opening session of the 2008 Middle East Petrochemicals Conference, Ahmed Al Gatai, SABIC General Manager of Shared Management Organizations, outlined plans for SABIC to double its current petrochemical production capacity of 55 million metric tons per year (t/y). (more) |
| 6/10/2008 |
Honeywell to Provide Planning Solutions to Petro Rabigh Project Honeywell has signed a contract with Rabigh Refining & Petrochemicals Co. to provide an integrated advanced planning and scheduling solution for Petro Rabigh’s new refining and petrochemical complex. (more) |
| 6/10/2008 |
SISCOM Named Best IT Firm in the Middle East SISCOM (Sawabeh Information Services Co) was awarded the International Award for Excellence and Business Prestige in the Golden Category by the Business Initiative Directions (BID). (more) |
| 6/9/2008 |
N.H. Firms See Promise In Saudi Arabia Market Click to read the full article. (more) |
| 6/7/2008 |
IBM Introduces World’s Fastest Power Processor to Saudi Arabia IBM, in collaboration with Saudi Business Machines Ltd. (SBM), has introduced the latest generation of IBM power servers to Saudi Arabia in a series of exhibitions held recently in Al-Khobar, Riyadh, and Jeddah. (more) |
| 6/3/2008 |
Saudia to Order 12 Boeing 787 Airliners Saudi Arabian Airlines (Saudia) has signed a deal valued at $3.2 billion (SR12 billion) for the purchase 12 Boeing Co. 787 airliners and eight Airbus SAS A330 models to replace its older, more fuel-consumptive aircraft in the face of rising oil prices. (more) |
| 6/2/2008 |
Saudi Air Force Awards Contract to Boeing Subsidiary Boeing Company subsidiary McDonnell Douglas Corp., has won a contract to provide the Royal Saudi Air Force services including contractor operations, maintenance, and instructor support. (more) |
| 6/1/2008 |
SABIC Affiliate Signs $6 Billion in Financing Agreements The Saudi Kayan Petrochemical Company, an affiliate of the Saudi Basic Industries Corporation (SABIC), has signed financial agreements totaling $6 billion (SR22.5 billion) with a diverse group of banks and financial institutions to provide partial funding for its new complex in Jubail Industrial City. (more) |
| 5/29/2008 |
GE Energy Signs Contracts to Support Power Projects in Saudi Arabia GE Energy has signed contracts totaling more than $500 million (SR1.875 billion) to provide gas turbines and generators for power plant projects owned by Saudi Electricity Company (SEC). (more) |
| 5/28/2008 |
Saudi Logistics & Technical Support Wins U.S. Army Contract Riyadh-based Saudi Logistics & Technical Support (SALTS) has signed a contract valued at $119,272 (SR447,270) to supply torque converters and speed changers to the U.S. Army Aviation and Missile Command in Redstone Arsenal, Alabama. (more) |
| 5/23/2008 |
New Projects Launched in Jubail A series of new projects, worth more than $18 billion (SR68 billion), has been launched in the industrial city of Jubail. (more) |
| 5/19/2008 |
Charlie Crew Tapped to Lead SABIC Innovative Plastics Charlie Crew has been named President and CEO of Saudi Basic Industries Corporation Innovative Plastics, a multi-billion dollar thermoplastics business with operations world-wide. (more) |
| 5/6/2008 |
Saudi Cabinet Passes Measures to Curb Inflation The Council of Ministers has adopted a series of short and long-term measures that aim at halting inflation, curbing rising commodity prices, and ensuring food security in the Kingdom. (more) |
| 5/5/2008 |
Northrop Grumman Opens New Office in Saudi Arabia In an effort to expand its presence in the Saudi Arabian market, Northrop Grumman has opened its newest office in Riyadh. (more) |
| 5/4/2008 |
Cisco, Kinan Develop ICT Infrastructure in Jeddah Cisco Systems has signed a Memorandum of Understanding (MoU) with Kinan International for Real Estate Development to install and manage the information and communication technology (ICT) infrastructure in a $586 million (SR2.2 billion) real estate project (more) |
| 5/4/2008 |
Zamil Industries, Hudson Products Sign New Joint Venture Agreement Zamil Industries has signed a new joint venture contract with Hudson Products Corporation for the manufacture and maintenance of air-cooled heat exchangers. (more) |
| 4/29/2008 |
Huntsman, Al-Zamil Break Ground on New Ethyleneamines Plant Huntsman Corporation and Al-Zamil Holding Group have broken ground on what will become a world-scale ethyleneamines plant in Jubail. (more) |
| 4/27/2008 |
GE Healthcare, El Seif Form New Joint Venture GE Healthcare has announced the formation of a new joint venture company with El Seif Development. (more) |
| 4/24/2008 |
Morgan Stanley Marks Its First Anniversary in Saudi Arabia Morgan Stanley is celebrating the first anniversary of its presence in Saudi Arabia. (more) |
| 4/24/2008 |
Saudi Aramco Begins Production at Khursaniyah Oil Field Saudi Aramco has commenced production at the Khursaniyah oil field, located on the east coast of the Arabian Peninsula. (more) |
| 4/16/2008 |
General Motors Posts a Six Percent Increase in Middle East Sales General Motors (GM) Middle East has announced that its sales rose six percent from 30,673 units in the first quarter of 2007 to 32,440 units in the first quarter of 2008. (more) |
| 4/16/2008 |
JCCI Partners with Cisco, Microsoft to Assist Small and Medium Enterprises The Jeddah Chamber of Commerce and Industry (JCCI) has launched a new initiative in collaboration with Cisco Systems, Microsoft, and several other computer companies to support Saudi Arabia’s small and medium-sized enterprises (SMEs). (more) |
| 4/16/2008 |
Sun Microsystems Selected to Manage Saudi Data Transactions Sun Microsystems has been selected by Kamal Osman Jamjoom Est. (KOJ), one of Saudi Arabia’s leading retail houses, to help consolidate and manage data and online transactions, as well as run retail applications. (more) |
| 4/16/2008 |
Tasnee Forms JV with Rohm and Haas Company In April, Tasnee Sahara Olefins Co. (TSOC) announced that it formed a joint venture, Saudi Acrylic Monomer Company, with Philadelphia-based Rohm and Haas Company. (more) |
| 4/3/2008 |
Deloitte Named Financial Auditor for Mobily Deloitte & Touche has been named financial auditor for Mobily, the Saudi-based mobile communications provider. (more) |
| 3/24/2008 |
Saudi Aramco, ExxonMobil to Overhaul Yanbu Refinery Saudi Aramco and ExxonMobil have developed plans to overhaul the 400,000 bpd (barrels per day) Samref refinery, which is jointly owned by the two companies. (more) |
| 3/19/2008 |
Saudi Investment Bank, BNP Paribas Sign Strategic Partnership The Saudi Investment Bank (SAIB) and BNP Paribas Investment Partners (BNP IP) have formed a partnership to manage over $2.2 billion in assets. (more) |
| 3/19/2008 |
The Olayan Group Selects Radiant Systems to Provide Business Solutions Olayan Food Services Company (OFSC), a subsidiary of the Olayan Group, has signed an agreement with Radiant Systems for the provision of technology solutions in Burger King® restaurants throughout the Middle East. (more) |
| 3/18/2008 |
Jacobs Engineering Acquires Majority Interest in Zamel & Turbag Consulting Jacobs Engineering has purchased a 60-percent stake in Zamel & Turbag Consulting Engineers (ZATE). (more) |
| 3/18/2008 |
Motorola, Atheeb Team Up to Expand Saudi Broadband Services Motorola has signed a $165 million contract with Saudi-based Atheeb United to expand broadband connectivity in the Kingdom. (more) |
| 3/16/2008 |
Marafiq Requests Proposals for Yanbu Power and Water Project The Power and Water Utility Company for Jubail and Yanbu (Marafiq) has released a Request for Proposals (RFP) for the Yanbu Independent Water and Power Project (IWPP). (more) |
| 3/16/2008 |
Saudi Hollandi Bank Closes First Private Company Sukuk Saudi Hollandi Bank and Taajeer Company have announced the successful closing of Taajeer’s debut Islamic sukuk issue. (more) |
| 3/6/2008 |
GE to Install Safety Equipment at King Abdulaziz International Airport GE Security, a subsidiary of General Electric (GE), has signed an agreement with King Abdulaziz International Airport (KAIA) to deploy and install new fire, safety, and security systems in the airport’s Hajj terminal. (more) |
| 3/5/2008 |
National Air Services Plans 30 Percent IPO Saudi Arabia’s National Aviation Services (NAS) announced plans for an initial public offering (IPO) of 30 percent of its stock by the end of 2008. (more) |
| 3/4/2008 |
Alireza Appointed as New Minister of Commerce H.E. Abdullah Zainal Alireza has been named Saudi Arabia’s new Minister of Commerce and Industry, succeeding H.E. Dr. Hashim Abdullah Yamani. (more) |
| 3/3/2008 |
Motorola Signs SR1.25 Billion Contract with Zain Motorola has signed a SR 1.25 billion ($335 million) contract with Zain to deploy and manage a 2G/3G mobile communications network in Saudi Arabia. (more) |
| 3/3/2008 |
Safari Wins Five Year Contract with King Fahd International Airport Safari Holding has secured a contract for the maintenance and operation of King Fahd International Airport (KFIA) in Dammam. (more) |
| 3/2/2008 |
Alsalam Aircraft Signs Maintenance Agreement with Sama Airlines Alsalam Aircraft, a private company co-owned by Boeing Industrial Technology Group, has secured a maintenance contract with Sama Airlines, a low-fare carrier in Saudi Arabia. (more) |
| 2/26/2008 |
Saudi Research Organization Joins with IBM to Develop Nanotechnology King Abdulaziz City for Science and Technology (KACST), a national research and development organization in Saudi Arabia, has signed an agreement with IBM to explore nanotechnology, which could aid in the development of sustainable resources. (more) |
| 2/25/2008 |
KEC Joins with Microsoft to Boost Saudi Arabia’s IT Industry Microsoft Corporation and Knowledge Economic City (KEC) in Madinah have formed a strategic partnership with the aim of training young Saudis on the basic utilization of information technology (IT). (more) |
| 2/25/2008 |
Ras Tanura Refinery to be Completed in December 2012 Saudi Aramco has announced that the 400,000 barrels/day (b/d) Ras Tanura refinery is scheduled for completion in December 2012. (more) |
| 2/19/2008 |
Saudi Health Minister Approves SR3 Billion in New Projects H.E. Dr. Hamad Al-Mane’, Saudi Minister of Health, has approved a series of new projects worth SR3 billion ($800 million). (more) |
| 2/14/2008 |
Morgan Stanley Forecasts 110 Saudi IPO Sales by 2010 Morgan Stanley has predicted the number of initial public offerings (IPOs) in Saudi Arabia to reach 110 over the next two years. (more) |
| 2/13/2008 |
USSABC Receives Television News Coverage in New Hampshire On February 10, 2008, Mr. Burton appeared on The New Hampshire Business Report hosted by respected New Hampshire business analyst Fred Kocher. (more) |
| 2/3/2008 |
Cisco to Develop ICT Infrastructure at KAEC Cisco Systems has signed a major contract with King Abdullah Economic City (KAEC) for the design of an advanced information and communications technology (ICT) infrastructure. (more) |
| 2/2/2008 |
King Saud University Teams Up with University of Iowa King Saud University for Health Sciences, located in Riyadh, has signed an agreement for scientific cooperation and research with the University of Iowa’s Center for Emerging Infectious Diseases. (more) |
| 1/30/2008 |
GE Lands Billion Dollar Agreement with Saudia General Electric Company (GE) has signed a $1.4 billion contract with Saudi Arabian Airlines (Saudia). (more) |
| 1/28/2008 |
GE Healthcare Signs MoU with Saudi German Hospitals Group GE Healthcare has teamed up with Saudi German Hospitals Group (SGH) to provide diagnostic imaging equipment and technology for non-profit hospitals in the Middle East and Africa (MENA) region. (more) |
| 1/26/2008 |
Cisco to Develop ICT Infrastructure at Hail Economic City Cisco Systems has signed a major agreement with Prince Abdulaziz Bin Musaed Economic City (PABMEC) to develop an information and communications technology (ICT) infrastructure. (more) |
| 1/25/2008 |
Saudia Signs Deal to Acquire New Fuel Management System Saudi Arabian Airlines (Saudia) announced a deal with FuelQuest Inc., a Houston-based firm, to acquire a fuel management system, which would automate all aspects of Saudia’s fuel supply. (more) |
| 1/24/2008 |
FAL Group to Collaborate with Emerson FAL Group of Companies and Emerson have expressed the intent to collaborate on potential investment projects in Saudi Arabia. (more) |
| 1/21/2008 |
Cisco Signs Deal to Develop ‘Smart City’ Infrastructure at KEC Cisco Systems has signed an agreement with Madinah Knowledge Economic City (KEC) to develop a ‘Smart’ infrastructure at the 5 million square-meter city project. Cisco will design and install the city’s network architecture, which will connect all buildings through a highly secured Internet Protocol (IP) network. (more) |
| 1/16/2008 |
GE Signs Agreement with Saudi University General Electric Company (GE) has signed a memorandum of understanding (MOU) with King Abdullah University of Science and Technology (KAUST). (more) |
| 1/15/2008 |
Ma’aden Signs Major Contract with ABB Contracting Company Ma’aden recently signed a $100 million (SR375 million) contract with ABB Contracting Company Ltd. for the development of two electrical substations that will link the company’s phosphate and aluminum projects in Ras Azzour to the national grid. (more) |
| 1/15/2008 |
SABB Named Best Private Bank in Saudi Arabia The Saudi British Bank (SABB) has been named the “Best Private Bank in Saudi Arabia” by the Euromoney Private Banking and Wealth Management Survey 2008. (more) |
| 1/14/2008 |
Saudia Signs Multiple Agreements with Sabre Airline Solutions Saudi Arabian Airlines (Saudia) announced that it has signed four separate agreements with Sabre Airline Solutions for the provision of advanced technology business solutions. (more) |
| 1/8/2008 |
Saudi Aramco to Increase Ras Tanura Capacity Saudi Aramco has announced plans to increase the capacity of its Ras Tanura refinery to 950,000 barrels per day (bpd), up from the current 550,000 bpd. (more) |
| 1/7/2008 |
Mobily, Motorola Sign $150 Million Contract Etihad Etisalat (Mobily) recently announced that the company has signed a $150 million contract with Motorola, Inc. to expand the operator’s Global System for Mobile (GSM) coverage throughout large regions of Saudi Arabia. (more) |
| 1/5/2008 |
Petro Rabigh IPO Opens for Subscription Petro Rabigh, a joint venture company between Saudi Aramco and Sumitomo Chemical of Japan, has announced the opening of its initial public offering (IPO) for subscription. (more) |
| 1/4/2008 |
Saudi Exports Reach Record High in 2007 Saudi Arabia’s Central Department of Statistics has announced that the Kingdom’s total exports of goods and services in 2007 have reached $240.2 billion (SR900.8 billion), an increase of 6.7 percent over the previous year’s figure. (more) |
| 1/3/2008 |
Saudi Arabia Releases 2008 Budget The Saudi Government announced the budget for the 2008 fiscal year, which is being heralded as the largest in the economic history of the Kingdom of Saudi Arabia. (more) |
| 1/3/2008 |
Saudi Government Reduces Customs Duties on Select Products Saudi Customs authorities have announced the implementation of tariff reductions on 22 select products, ranging from perfumes to plastics. (more) |
| 12/12/2007 |
Chevron Phillips Plans to Raise $1.8 Billion for Saudi Petrochemicals Plant Chevron Phillips Chemical Company announced plans to raise $1.8 billion in project finance to build a major petrochemicals complex in Jubail, Saudi Arabia. (more) |
| 12/12/2007 |
Zamil Group Huntsman JV Achieves Milestones Since Huntsman Corporation and the Saudi-based Zamil Group announced their intention to form a joint venture to build a world scale ethyleneamines manufacturing facility in Jubail Industrial City in January 2006, the Arabian Amines Company (AAC) has achieved three significant milestones. (more) |
| 12/11/2007 |
Saudi Aramco and Royal Dutch/Shell to Invest $7 Billion in Port Arthur Project In December, Motiva Enterprises LLC, a refining and marketing joint venture owned by affiliates of Saudi Aramco and Royal Dutch/Shell, broke ground for a 325,000 barrel per day (bpd) refinery expansion in Port Arthur, Texas. (more) |
| 12/5/2007 |
Gulf States to Launch Common Market in January Six Gulf countries have announced the launch date for the long awaited common market, which aims at creating an integrated economic bloc in the Gulf region. (more) |
| 11/29/2007 |
WorleyParsons Wins $80 Millon in Contracts for New Saudi Refinery In November, Saudi Aramco awarded contracts for services to WorleyParsons. (more) |
| 11/19/2007 |
Kingdom Holding Acquires Stake in National Air Services Kingdom Holding Company (KHC) has acquired a 9 percent stake in the National Air Services Company Ltd. (NAS), a private Saudi airline. (more) |
| 11/18/2007 |
Saudi Economy Sees Healthy Growth in 2007 According to the National Commercial Bank (NCB), the Saudi Arabian economy is projected to grow by 5 percent this year, with the private sector estimated to grow by 8 percent. (more) |
| 11/15/2007 |
ABB Lummus to Expand Cooperation with SASREF In November, ABB Lummus Global announced that it would carry out the main engineering, procurement, and construction management (EPCM) contract for the estimated $200-300 million ultra-low sulphur diesel complex of the Saudi Aramco Shell Refinery Company (SASREF) refinery in Jubail. (more) |
| 11/12/2007 |
ExxonMobil Sells Saudi Joint Venture to Local Consortium ExxonMobil has sold its stake in a Saudi lubricant firm to Saudi Advanced Petroleum Services Ltd. (APSL), a consortium of Dabbagh Group and the Gulf Oil International Group. APSL purchased the Saudi Arabian Lubricating Oil Company (Petrolube) from Mobil Investments, an affiliate of ExxonMobil. (more) |
| 11/11/2007 |
Sikorsky Aircraft Signs Major Contract with Saudi Ministry of Interior Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp., has signed a series of large contracts with Saudi Arabia’s Ministry of Interior to expand and modernize the Ministry’s helicopter fleet. (more) |
| 11/7/2007 |
GE Oil & Gas to Supply Saudi ChevronPhillips Petrochemical Plant In November, GE Oil & Gas, a subsidiary of General Electric Company (GE), was awarded a contract to supply three compression trains — cracked gas, propylene refrigerant and binary refrigerant compressors — for a new, large-scale ethylene cracker plant in Jubail. (more) |
| 11/6/2007 |
Xenel Signs Contract to Build Container Terminal at Jeddah Port Xenel Industries Ltd., in collaboration with Saudi Industrial Services Company and Malaysian MMC Corporation, has signed a deal to partake in a joint venture project to construct a container terminal at the Jeddah port, at an approximate cost of $447 million. (more) |
| 11/1/2007 |
Sun Increases its Presence in Saudi Arabia Saudi Arabia represents a key market for Sun Microsystems. Sun Microsystems Middle East and North Africa has recently signed a partnership with e-Enterprise (e2) to promote a wide range of Sun’s products across Saudi Arabia. (more) |
| 10/30/2007 |
Improved Saudi Stock Exchange Bolsters Investor Confidence Saudi Arabia recently introduced new technology and upgraded facilities into the country’s stock exchange, or Tadawul. (more) |
| 10/26/2007 |
Saudi Arabia Ranks High on Business Reforms Study According to the World Bank’s recently released Doing Business 2008 report, Saudi Arabia has shown significant progress in fostering a more business-friendly climate.
(more)
|
| 10/7/2007 |
Baker Botts Named Legal Adviser for Saudi Electricity Company Baker Botts L.L.P., in association with the law firm of Mohammed Bin Saud Al-Rasheed, was named legal adviser to the development of the Saudi Electricity Company’s two independent power plants. (more) |
| 10/4/2007 |
Raytheon Awarded Two Air Defense Contracts Raytheon has signed two air defense contracts with Saudi Arabia totaling more than $100 million. (more) |
| 10/3/2007 |
GE Aviation Receives Saudi Air Force Contract GE Aviation, a subsidiary of General Electric, announced that it has signed a contract with the Royal Saudi Air Force worth an estimated $300 million. (more) |
| 10/3/2007 |
Saudi Arabia Reforms Judiciary The Saudi Government has approved new regulations that aim at reforming the Kingdom’s judiciary. (more) |
| 9/24/2007 |
Al-Rajhi Bank Provides $650 Million for Chemical Plant Construction Al-Rajhi Bank has agreed to lend $650 million to Saudi Kayan Petrochemical Co. to help cover the start-up costs of what is to become the world’s largest ethylene-glycol plant. (more) |
| 9/20/2007 |
Boeing Gets $49.2 Million Contract to Upgrade Saudi AWACS Fleet The U.S. Air Force has awarded Boeing Co. a $49.2 million contract to upgrade communications aboard Saudi Arabia’s fleet of five E-3 airborne warning and control systems (AWACS) aircraft. (more) |
| 9/19/2007 |
Saudi Aramco, Al Rushaid Consortium Sign Offshore Facilities Deal Saudi Aramco recently signed a long-term agreement with a consortium comprised of Al Rushaid Investment Co., Industrialization & Energy Services Co. (TAQA), and Saipem, an Italian oilfield services company. (more) |
| 9/17/2007 |
Chevron Phillips, SIIG to Form New Petrochemical Firm Chevron Phillips Chemical Company and the Saudi Industrial Investment Group (SIIG) will establish a new petrochemical company in a joint venture valued at $4.8 billion (SR18 billion). (more) |
| 9/17/2007 |
Kingdom Holding Company Selects Bechtel for Jeddah Project Kingdom Holding Company (KHC) announced that it has selected Bechtel, a global engineering and project management company, to supervise and develop KHC’s massive real estate project in Jeddah. (more) |
| 9/17/2007 |
Saudi Ma’aden to Begin Construction on Aluminum Smelter by 2008 The Saudi Arabian Mining Company (Ma’aden) announced in September that it will begin work by the end of next year on an aluminum smelter project that it has undertaken in a joint-venture with Canada’s Alcan, Inc. (more) |
| 9/12/2007 |
H.R.H. Prince Sultan Signs $189.3 Million in Deals on Airport Maintenance H.R.H. Crown Prince Sultan, Deputy Premier and Minister of Defense and Aviation, awarded five contracts totaling approximately $189.3 million (SR710 million) for the operation, maintenance, and cleaning of 25 regional and local airports. (more) |
| 9/10/2007 |
AT&T to Expand Services in Middle East AT&T Inc. recently announced that the company is expanding its services in the Middle East, as part of an ongoing strategic investment in the region. (more) |
| 9/5/2007 |
Emaar Unveils First Integrated Community at KAEC Emaar Economic City., the company developing the King Abdullah Economic City (KAEC), is set to unveil its first integrated community, known as the Bay La Sun Village. (more) |
| 9/4/2007 |
Aramco Signs Contract for 585 km Pipeline Saudi Aramco announced that it has signed a contract with Suedrohrbau Saudi Arabia Ltd. for the construction of a 585 km natural gas liquids (NGL) pipeline. (more) |
| 9/4/2007 |
GE Healthcare Trains Saudi Medical Professionals GE Healthcare, a division of General Electric Company, has announced that it will provide ten Training in Partnership Television (TiP-TV) sessions, as well as hospital leadership seminars, to Saudi healthcare professionals. (more) |
| 9/3/2007 |
Saudi Hollandi Capital Company Receives License from CMA The Capital Market Authority (CMA) granted an operating license to the Saudi Hollandi Capital Company (SHCC). (more) |
| 9/1/2007 |
SABIC Completes Purchase of GE Plastics Saudi Basic Industries Corporation (SABIC) has announced the completion of its purchase of GE Plastics from General Electric. (more) |
| 8/30/2007 |
Cisco Wins Real Estate Contract in Saudi Arabia Cisco Systems won its first major contract in Saudi Arabia for its new Real Estate and Construction division. (more) |
| 8/30/2007 |
Fitch Upgrades SABIC’s Rating Fitch Ratings has raised Saudi Basic Industries Corporation’s (SABIC) long-term Issues Default Rating (IDR) from ‘A’ to ‘A+’ and confirmed the status of its short-termed IDR at ‘F1.’ (more) |
| 8/29/2007 |
Saudia Receives Approval to Convert its Units into Companies The Council of Ministers has recently decided to allow Saudi Arabian Airlines (Saudia) to convert its units into companies. (more) |
| 8/28/2007 |
CMA Removes Constraints on GCC Investors The Council of Ministers has announced that the Capital Market Authority (CMA) must give equal treatment in share ownership and trading on the Saudi stock market to Saudi nationals and citizens from the other five members of the Gulf Cooperation Council (GCC). (more) |
| 8/28/2007 |
National Company for Unified Purchase of Medicines Approved In a drive to improve health services in the Kingdom, the Council of Ministers decided to establish a national company for the unified purchase of medicines, medical equipment, and appliances. (more) |
| 8/24/2007 |
Cabinet Approves Saudi Non-Oil Exports Development Commission The Council of Ministers has recently approved the creation of the Saudi Non-oil Exports Development Commission, an independent organization that replaces the Ministry of Commerce and Industry’s International Exhibitions, Markets and Exports Development Administration. (more) |
| 8/16/2007 |
Boeing Diversifies its Presence in the Kingdom In a drive to strengthen and diversify its presence in the Kingdom, Boeing has expressed interest in investing in the airports and areas related to aviation engineering that are planned in the Kingdom's new economic cities. (more) |
| 8/13/2007 |
Saudi Arabia Attracts $51.5 Billion Worth of Investments in 2006 Saudi Arabia, the largest economy in the Middle East, recorded a significant increase in foreign and domestic investments in 2006. (more) |
| 8/10/2007 |
U.S. Companies Win Significant Contracts in Oil and Gas Sector In line with Saudi Aramco’s plans to increase oil and gas production to meet local and international energy demand, two significant contracts were announced in August. Foster Wheeler Energy Ltd and Foster Wheeler Arabia Ltd, two subsidiaries of U.S.-based Foster Wheeler Ltd, were awarded a front-end engineering design (FEED) and program management services contract for the Karan onshore gas processing facilities at Khursaniyah (more) |
| 8/4/2007 |
Cisco Provides Optimal Work Environment in KSA Cisco has announced its commitment to providing the optimal work environment in Saudi Arabia. (more) |
| 7/31/2007 |
Mobily Signs Hundredth Roaming Agreement Saudi mobile operator Mobily has announced that it has reached its one hundredth prepaid roaming agreement. Roaming agreements allow a company’s customers to use another firm’s mobile phone network, while traveling outside their home country. (more) |
| 7/28/2007 |
Moody’s Upgrade Eight Saudi Banks Moody’s upgraded the long-term foreign currency deposit ratings of eight Saudi banks based on the individual bank’s Baseline Credit Assessment, the country’s local Currency Deposit Ceiling (LCDC), and Moody’s assessment of possible support. (more) |
| 7/24/2007 |
Microsoft Recognizes Interactive Saudi Arabia as Fastest Growing Partner Interactive Saudi Arabia Ltd. (ISA), an Economic Offset Program company based in Riyadh, received an award from Chairman Bill Gates in July for being the fastest-growing member worldwide of Microsoft’s Partner Program in 2006. (more) |
| 7/22/2007 |
Kingdom Holding IPO Oversubscribed The Kingdom Holding Co. (KHC), whose initial public offering (IPO) opened for subscription on July 10th, announced that investors ordered more than two times the number of shares on sale. (more) |
| 7/21/2007 |
SRMG Selects Booz Allen Hamilton as Management Consultant The Saudi Research and Marketing Group (SRMG) recently announced the appointment of Booz Allen Hamilton as its management consultant for the development of vast growth strategies. (more) |
| 7/16/2007 |
Saudi Arabia’s Financial Rating Raised to ‘AA-/A-1+’ Standard and Poor’s (S&P) ratings services has announced that it has raised its foreign and local long-term currency credit ratings on Saudi Arabia from ‘A+’ to ‘AA-’. (more) |
| 7/12/2007 |
Saudi Aramco and Dow Chemical Select KBR to Manage Ras Tanura Project Saudi Aramco and Dow Chemical recently announced the selection of Houston-based KBR to serve as the Project Management Contractor for the Ras Tanura Integrated Project. (more) |
| 7/8/2007 |
CISCO and Amiantit Win $800 Million Water Contract The Saudi Organization for Industrial Cities and Technical Areas has awarded CISCO and Amiantit with a contract worth $800 million. (more) |
| 7/8/2007 |
Ma’aden Signs Contract for Ammonia Factory The Saudi Arabian Mining Company (Ma’aden) recently signed a SR3.6 billion contract for the construction of an ammonia-producing factory to work in conjunction with the company’s phosphate project, which currently stands as one of the largest in the world. (more) |
| 7/5/2007 |
CMA Approves Kingdom Holding IPO The Capital Market Authority (CMA) this month approved the initial public offering of the Kingdom Holding Company. (more) |
| 7/3/2007 |
Saudi Ministers Vote to Protect Consumer Rights The Council of Ministers, in Saudi Arabia recently adopted a series of measures aimed at protecting consumer rights in the Kingdom. (more) |
| 6/27/2007 |
Jacobs Engineering Group Wins Contract from Saudi Aramco The Jacobs Engineering Group, Inc. received a contract in late June to provide a design package for a sulfur recovery unit (SRU) for the Khursaniyah Gas Plant in Saudi Arabia. (more) |
| 6/19/2007 |
Merrill Lynch Granted Saudi Banking License Merrill Lynch has received a banking license from the Capital Market Authority (CMA) to operate in Saudi Arabia. (more) |
| 6/12/2007 |
Kuwait’s MTC Wins Third Mobile License In June, the Saudi Government awarded Kuwait’s Mobile Telecom Company (MTC) the license to operate the Kingdom’s third mobile phone network. (more) |
| 6/1/2007 |
"GET Water" Partnership Announced by GE and Al Tamimi Group In May, GE Water & Process Technologies, a unit of GE, and Al Tamimi Group announced a $20 million deal to bring a fleet of GE Mobile Water Treatment Systems to Saudi Arabia. (more) |
| 6/1/2007 |
Honeywell Awarded Contract to Manage Polypropylene Production of Ibn Zahr Honeywell has recently won a $2.9 million contract to provide its Experion® Process Knowledge System to the newest polypropylene plant of Saudi European Petrochemical Company (Ibn Zahr), an affiliate of SABIC. (more) |
| 5/21/2007 |
SABIC to Buy GE Plastics for $11.6 Billion In May, GE agreed to sell its plastic unit to Saudi Basic Industries Corporation (SABIC) for $11.6 billion. (more) |
| 5/15/2007 |
Saudi Arabia Discovers Two Gas-rich Oil Fields In May, Saudi Arabia announced the discovery of two new gas-rich oil fields in the Kingdom's Eastern Province, close to the massive Al-Ghawar field. (more) |
| 5/12/2007 |
Saudi Aramco and Dow Sign MOU for $20 Billion Plant In May, Saudi Aramco selected the U.S. Dow Chemical Co. as their 50-50 joint venture partner to build a $20 billion petrochemical plant called the Ras Tanura Integrated Project. (more) |
| 5/10/2007 |
GE Signs $1 Billion in Deals for Saudi Power Plants GE Energy has recently signed a new agreement for the Marafiq power generation and water desalination project. (more) |
| 5/9/2007 |
Fluor Receives $1 Billion Contract for Acetyls Complex in Jubail Fluor Corporation was awarded a $1 billion contract by Saudi International Petrochemical Company (Sipchem) to provide engineering, procurement, construction management, and pre-commissioning services for an acetyls complex in Jubail in May. (more) |
| 5/9/2007 |
Saudi Kayan IPO Oversubscribed Four Times Saudi Kayan Petrochemical Company, which is 35 per cent owned by Saudi Basic Industries Corporation (SABIC), closed its SR6.75 billion ($1.8 billion) initial public offering (IPO) on May 7, 2007. (more) |
| 5/3/2007 |
The Shaw Group Signs Contract with Petrokemya to Expand Saudi Unit The Shaw Group Inc. has signed a contract to provide proprietary furnace equipment and professional services to the Arabian Petrochemical Company - Petrokemya, an affiliate of Saudi Basic Industries Corporation (SABIC), as part of the Olefins-1 Debottlenecking Project at an existing ethylene plant in Jubail. (more) |
| 5/2/2007 |
Saudi Binladin Group Signs Contract with Emaar Emaar, the company in charge of developing the King Abdullah Economic City (KAEC), has contracted the Saudi Binladin Group to build the first residential apartments of the city. (more) |
| 5/1/2007 |
Ma’aden Signs SR26 Billion Joint Venture Agreement The Saudi Arabian Mining Company (Ma’aden) signed its largest deal ever - a SR26.25 billion joint venture agreement with Alcan Primary Metal Group, which seeks to develop the Kingdom’s large bauxite resources and to build and operate a “mine-to-metal” industry. (more) |
| 4/24/2007 |
Batelco, PCCW, and Verizon Awarded Saudi Fixed-line Business Consortia led by Bahrain Telecommunications Co. (Batelco), Hong Kong’s PCCW, and the U.S.-based Verizon Communications have won initial approval to operate Saudi Arabia’s new fixed-line phone network. (more) |
| 4/23/2007 |
Jubail Water and Electricity Company Established in the Kingdom The Ministry of Commerce and Industry approved the establishment of the Jubail Water and Electricity Company, with a capital of SR5 million. (more) |
| 4/19/2007 |
Ministry of Water and Electricity Signs SR185 Million Sewage Contract In an effort to expand the on-going development projects in Jeddah, the Ministry of Water and Electricity signed a SR185 million contract to launch new sewage networks in the city. (more) |
| 4/16/2007 |
Development Projects Worth SR118 Billion Launched in Riyadh The Kingdom launched a number of new welfare and development projects in Riyadh in April. (more) |
| 4/10/2007 |
Capital Market Authority Licenses Four Financial Service Firms Four new companies were approved by the Capital Market Authority (CMA) to provide financial services in the Kingdom. (more) |
| 4/9/2007 |
New Company Formed to Finance Housing Projects A coalition of four firms signed on agreement on April 3, forming a closed joint stock company with a capital of SR2 billion to finance housing projects. (more) |
| 3/26/2007 |
New Saudi Sectors Allow Foreign Investment The Kingdom’s Supreme Economic Council has issued a decision allowing foreign investment in various economic sectors that were previously off-limits. (more) |
| 3/24/2007 |
Morgan Stanley Signs Deal with Capital Group Morgan Stanley’s first direct investment in the Kingdom, Morgan Stanley Saudi Arabia (MSSA), was launched in March through the signing of an agreement with Capital Group. (more) |
| 3/20/2007 |
Kingdom Develops First Offshore Gas Field In an effort to diversify the Saudi economy away from oil and meet the increasing demand for energy, Saudi Aramco (Aramco) is preparing to develop the Kingdom’s first offshore gas field. (more) |
| 3/18/2007 |
Seven Firms Qualify to Bid for Kingdom’s Third Mobile License Nine applications were submitted for bidding for the Kingdom’s third mobile license, with seven firms meeting the qualification standards. (more) |
| 3/16/2007 |
ASCIC Expects to Issue SR800 Million IPO The Arabian Shield Cooperative Insurance Company (ASCIC) will issue an IPO valued at SR800 million. (more) |
| 3/15/2007 |
Mobily Signs $2.8 Billion Islamic Financing Deal As one of the Kingdom’s largest and fastest-growing mobile operators, Mobily has been seeking to fund its rapid expansion through Islamic financing. (more) |
| 3/13/2007 |
Ma’aden and SABIC Sign Strategic Agreement The Saudi Arabian Mining Company (Ma’aden) and Saudi Basic Industries Corporation (SABIC) recently signed a joint partnership agreement in an effort to capitalize on the Kingdom’s large phosphate reserves, with Ma’aden retaining a 70 percent ownership. (more) |
| 3/7/2007 |
Health Insurance Sector Expands Through $266 Million Worth of IPOs The Capital Market Authority (CMA) has recently approved plans for the first Initial Public Offerings (IPOs) in the insurance industry. (more) |
| 3/6/2007 |
Jacobs Engineering to Develop Ethyleneamines Plant in the Kingdom Jacobs Engineering recently announced that it received a contract from Arabian Amines Corp. to engineer, design, and manage the development of a $150 million ethyleneamines factory in Jubail. (more) |
| 3/2/2007 |
U.S. - Saudi Trade Grows to $39.5 billion in 2006 Trade between the United States and Saudi Arabia expanded by 16 percent between 2005 and 2006, setting a record at SR148.1 billion ($39.5 billion). (more) |
| 2/27/2007 |
Jacobs Engineering is Awarded Contract for Benzene Plant Jacobs Engineering Group Inc. received a contract to provide front-end engineering services for a $50 million benzene recovery plant in Jubail. (more) |
| 2/21/2007 |
Aramco Discovers New Oil Field In February, Saudi Aramco uncovered a new oil well in the Kingdom’s Eastern Province, 43.5 miles southeast of the major Ghawar field. (more) |
| 2/21/2007 |
Morgan Stanley Establishes Stronger Foothold in the Kingdom The booming Saudi economy has increasingly lured American investors to establish a local presence in the Kingdom, including Morgan Stanley, one of the world’s largest investment banks. (more) |
| 2/18/2007 |
First NAS Flight Operates in Kingdom An Airbus A320 flew from Riyadh to Jeddah on February 17, 2007, marking the first flight operation of the Riyadh-based National Air Services (NAS), a private, low cost airline. The first phase of commercial flights began on February 25, with three daily flights operating between Riyadh and Jeddah. (more) |
| 2/8/2007 |
Aramco Speeds Up Mega Gas Project In an effort to meet the Kingdom’s increasing demand for gas, which is rising at 6 percent a year for dry gas and 9 percent for wet gas, Saudi Aramco has fast-tracked plans for its largest gas development in the Kingdom, the Karan gas field. (more) |
| 2/7/2007 |
Saudi Aramco Signs $11 Billion Contract for Expansion of Manifa Oil Field In an effort to continually increase its oil and gas production, Saudi Aramco has launched the largest energy expansion program in its history through development of oil fields, with its most recent being the construction of the $11 billion Manifa oil field. (more) |
| 2/1/2007 |
GE Gets $1 Billion in Saudi Orders As General Electric’s fastest-growing power generation market outside the United States and Western Europe, Saudi Arabia has issued orders valued at $1 billion to undertake power-generation and water-processing projects. (more) |
| 2/1/2007 |
King Fahd Industrial Port Undergoes Significant Developments The King Fahd Industrial Port in Jubail will undergo a major expansion through several projects, including the construction of a new petrochemicals dock and four new berths, as well as access roads to the site, and power and water facilities. (more) |
| 1/20/2007 |
Capital Market Authority Plans New Laws to Stabilize Stock Market In January, the Capital Market Authority (CMA) suspended the trading of two firms as a result of financial losses, and said it would apply similar decisions across-the-board against all listed firms with losses that exceed 75 percent of the capital. (more) |
| 12/26/2006 |
The Saudi Government Announces State Budget for FY 2007 On December 18, the Saudi Government announced the largest budget ever for the 2007 fiscal year, with revenues at SR400 billion ($106.6 billion) and expenditures at SR380 billion ($101.3 billion), leading to a surplus of SR20 billion ($5.3 billion). (more) |
| 12/15/2006 |
Dow Chemical Company Strengthens its Presence in the Petrochemicals Sector Dow Chemical Company and Devy Technology were recently selected by the Dammam 7 Petrochemical Company to develop a butanol plant in the Jubail 1 Industrial City. (more) |
| 12/15/2006 |
Saudi Aramco Selects GE Technology for Oil Field Expansion In December, GE’s Oil and Gas division was selected by Saudi Aramco for the Southern Area Seawater Capacity Expansion Project. (more) |
| 12/7/2006 |
Kingdom Approves License for First Private Airline To increase competition in the Kingdom’s domestic aviation sector, the General Authority of Civil Aviation (GACA) recently approved a license for National Air Services (NAS) to begin operations as a private airline inside the Kingdom. (more) |
| 12/5/2006 |
National Industrial Cluster Plan Projected to Advance Economic Development In a drive to support the economic mega projects currently underway throughout the Kingdom, a steering committee led by the Ministry of Petroleum and Mineral Resources and composed of other Saudi ministries and developmental bodies presented a National Industrial Cluster Development Plan to the Supreme Economic Council in November. (more) |
| 12/4/2006 |
AT&T and NavLink Expand Service into Saudi Arabia AT&T and NavLink have announced an agreement with the Saudi Telecommunications Company (STC), which would enable them to deploy an AT&T Global Network Node in Saudi Arabia. (more) |
| 12/1/2006 |
Fluor Selected for $2.2 billion Petrochemical Complex In November, Fluor Corporation was awarded a $2.2 billion contract to provide engineering, procurement services, and construction management for the utilities and offsite (U&O) facilities for the Saudi Kayan petrochemical complex that will be located in Jubail, Saudi Arabia. (more) |
| 12/1/2006 |
Moody Upgrades Saudi Arabia’s Ratings for Foreign Currency Deposits at Nine Saudi Banks In November, Moody’s Investor Service announced that it upgraded to A2/Prime-1 the foreign currency deposit for the following Saudi banks: National Commercial Bank, Samba Financial Group, Al Rajhi Bank, Riyad Bank, The Saudi British Bank, Banque Saudi Fransi, Arab National Bank, Saudi Hollandi Bank, and the Saudi Investment Bank. (more) |
| 11/18/2006 |
WorleyParsons Wins Big Saudi Management Services Contract In November, Saudi International Petrochemical Company (Sipchem) awarded WorleyParsons a project management contract worth approximately $250 million. (more) |
| 11/15/2006 |
Saudi Electricity Company Awards $973 Million Contract to GE The Saudi Electricity Company (SEC) recently awarded GE a $973 million contract to supply 23 gas turbines to three power plants in the Kingdom’s eastern and central regions. (more) |
| 11/12/2006 |
Karan Gas Find Set to be the Kingdom’s Biggest In November, Saudi Aramco officials announced the discovery of a new gas field located in the Khuff reservoir, northeast of the giant offshore Safaniyah field in Saudi Arabia’s Eastern Province. (more) |
| 11/10/2006 |
Saudi Aramco Assigns $80 Billion for 5-Year Expansion Saudi Aramco has proposed investments up to $80 billion to spend on new projects that will help increase efficiency and profits. (more) |
| 11/6/2006 |
Huntsman and Al-Zamil Sign New Ethyleneamines Plant Joint Venture Agreement On November 6, following prior announcements regarding the companies’ intentions to form a joint venture to build a world-scale ethyleneamines manufacturing facility in Jubail Industrial City, Huntsman Corporation and the Al-Zamil Group announced the signing of a definitive Project Management Consultancy (PMC) agreement with Jacobs Engineering for the development of the new complex. (more) |
| 11/6/2006 |
SABIC and ExxonMobil to Study Petrochemical Expansion in Saudi Arabia In November, Saudi Basic Industries Corporation (SABIC) and ExxonMobil Chemical, a subsidiary of Exxon Mobil Corporation, announced that they have begun work on a feasibility study that could lead to an expansion of their two joint petrochemical ventures in Yanbu and Jubail. (more) |
| 11/6/2006 |
Saudi Aramco’s $16 Billion Ras Tanura Refinery Upgrade Project Is Under Way Saudi Aramco is undertaking major refinery upgrades at Jubail, Rabigh, Ras Tanura, and Yanbu. (more) |
| 11/2/2006 |
Agriculture Sector to Benefit from New Investment Strategy Saudi Arabia’s agriculture sector has recently been growing at a rapid rate and is expected to see an even larger jump in growth in the coming years as new investments seek to redevelop the sector. (more) |
| 11/2/2006 |
New Projects Proposed for Kingdom’s Southern Region During his first trip to the southern cities of Najran, Jizan, and Asir since his ascension to the throne in August 2005, Custodian of the Two Holy Mosques King Abdullah announced a number of education, health, tourism, and infrastructure development projects (more) |
| 11/2/2006 |
New Saudi Initiative to Attract Investment in Less Developed Regions Under the Saudi Arabian General Investment Authority’s (SAGIA) 10x10 program which hopes to position Saudi Arabia within the top ten global investment destinations by the year 2010, the Saudi Government has launched a new initiative that will raise investment competitiveness in the Kingdom. (more) |
| 10/9/2006 |
Saudi Arabia Approves 13 New Insurance Firms In an effort to dramatically improve the health insurance market in Saudi Arabia, the Council of Ministers recently licensed 13 new insurance companies in the Kingdom. (more) |
| 10/3/2006 |
King Abdullah Approves New Saudi Water Company In an effort to boost the performance of the Saudi water sector, a new national water company has been approved by Custodian of the Two Holy Mosques King Abdullah to carry out water and sewage projects. (more) |
| 9/25/2006 |
Motorola Wins Mobily GSM Network Deal Saudi Arabian mobile operator Etihad Etisalat Company (Mobily) has selected Motorola to expand its GSM network within the Northwest and Southwest regions of the Kingdom. (more) |
| 9/12/2006 |
Cabinet Approves New Saudi Currency On September 4, 2006, the Council of Ministers endorsed the issuance of a new version of the Saudi Riyal. (more) |
| 9/12/2006 |
Sipchem’s IPO is Open for Subscription On September 7, 2006, the Saudi International Petrochemical Company (Sipchem), one of the largest private petrochemical companies in the Middle East, launched its Initial Public Offering (IPO). (more) |
| 9/11/2006 |
Investor Pre-qualification Process Begins for Makkah-Madinah Rail Link On September 30, 2006, the prequalification process for the Makkah-Madinah Rail Link (MMRL) project will be initiated, with final bids expected to be invited in 2007. (more) |
| 9/11/2006 |
Rowan Obtains Drilling Contracts in Saudi Arabia Saudi Aramco has awarded two contracts valued at $550 million to Rowan Companies Inc, which will begin drilling operations offshore in the Kingdom next year. (more) |
| 8/31/2006 |
Saudi Aramco Signs Contracts for Two Full-conversion Refineries On August 24, 2006, Saudi Aramco announced two joint venture deals for two full-conversion refineries in Jubail and Yanbu. (more) |
| 8/22/2006 |
Fitch Upgrades Saudi Arabian Currency Ratings to A+ Fitch Ratings has upgraded Saudi Arabia’s foreign currency and local currency issuer default ratings from ‘A’ to ‘A+’ and has confirmed the short-term rating of ‘F1’. (more) |
| 8/21/2006 |
Sipchem to Offer Shares to the Public at SR 55 per Share Saudi International Petrochemical Company (Sipchem) and NCB announced today that the offer of 30 percent of Sipchem's shares in the coming IPO comprises 45 MM shares. (more) |
| 8/15/2006 |
CMA Opens Stock Market to GCC Investors In an effort to ease curbs on Gulf institutions and revive investor confidence following the stock market crash earlier this year, the Capital Market Authority (CMA) said it would allow government investment institutions, pension funds, and social insurance funds based in the six Gulf Cooperation Council (GCC) states to invest in the Saudi bourse. (more) |
| 8/15/2006 |
Privatization of Saudi Arabian Airlines Begins The Saudi Government has authorized Saudi Arabian Airlines to transform its catering, cargo, ground handling, pilot training and technical service arms into five independent companies. (more) |
| 8/10/2006 |
Saudi Government Continues to Expand Technological Facilities On August 8, 2006, the Saudi Government granted the Saudi Industrial Cities Commission (SICC) a license to build what will be the country’s first information technology park in Riyadh. (more) |
| 8/8/2006 |
Pentagon Approves $6 Billion in Saudi Arms Sales In July, the Bush administration approved the sale of $6 billion worth of military equipment to Saudi Arabia. (more) |
| 7/24/2006 |
SABIC to Float First Islamic Bond In July 2006, the Saudi Capital Market Authority approved Saudi Arabian Basic Industries Corporation’s (SABIC) application to float its first Islamic bond on the Saudi bourse. (more) |
| 7/24/2006 |
Saudi Aramco Selects Dow for Petrochemical Plant In line with the Kingdom’s goal to diversify its oil-based economy, Saudi Aramco has chosen the Dow Chemical Company to enter into negotiations with it on a partnership to construct, own, and operate a world-class chemicals and plastics production complex at Ras Tanura. (more) |
| 6/30/2006 |
SAGIA Will Supervise Economic Cities and Set Out Investment Policies The Council of Ministers has recently approved amendments to SAGIA’s mandate, allowing the authority to supervise economic cities and set out state policies for developing domestic and foreign investments. (more) |
| 6/30/2006 |
The Knowledge Economic City Launched in Madinah The Knowledge Economic City (KEC) was launched in Madinah as part of the Kingdom’s efforts to develop its regions in a hi-tech manner. (more) |
| 6/21/2006 |
New Prince AbdulAziz bin Mousaed Economic City to be Built in Hail An $8 billion investment project has been recently launched for the Prince AbdulAziz bin Mousaed Economic City, to be located in Hail. (more) |
| 6/9/2006 |
Al Rushaid Group and Flowserve Corp to Build Pump Repair Facility Saudi Arabia-based Al Rushaid Group and U.S.-based Flowserve Corp signed a joint venture to build the largest original equipment manufacture (OEM) pump repair, manufacturing, and training facility in the Middle East at an estimated cost of $14 million. (more) |
| 5/25/2006 |
Aramco Signs $6 billion Refinery Deal with ConocoPhillips Saudi Aramco and Houston-based ConocoPhillips signed a tentative agreement to build a 400,000 b/d export-oriented refinery in Yanbu on the Red Sea coast. (more) |
| 5/25/2006 |
New Measures Instituted to Restore Market Stability The Saudi Capital Market Authority (CMA) announced a series of measures to complete the restructuring of the stock market and to restore confidence of investors in the market. (more) |
| 5/25/2006 |
Saudi Arabian Railways to Carry Out the North-South Railway Project The Council of Ministers approved the licensing of a new joint stock company, the Saudi Arabian Railways, to operate and manage the north-south railway project, which is expected to boost the Kingdom’s mineral industry. (more) |
| 5/23/2006 |
Four Consortia Qualify for Saudi Landbridge Project The Supreme Economic Council (SEC) has approved the pre-qualification of four consortia to participate in the “Landbridge” project, the cornerstone of Saudi Arabia’s railways expansion program. (more) |
| 5/19/2006 |
Expatriates Can Invest in Real Estate Funds The Saudi Capital Market Authority (CMA) announced new draft regulations allowing expatriates to invest in real estate investment funds. (more) |
| 5/14/2006 |
King Abdullah Financial District Creation Announced Saudi Arabia has announced the establishment of a major new financial district, which will be completed by the end of 2006. (more) |
| 5/10/2006 |
Ma'aden to Construct New Sulphuric Acid Complex and Announces IPO The Saudi Arabian Mining Company (Ma’aden) signed an agreement with Al-Qahtani Group to construct a $240 million sulphuric acid complex in Ras Al Zour. (more) |
| 5/8/2006 |
SABIC Plans New Petrochemical Project and IPO SABIC announced an agreement with Kayan Petrochemicals Company to establish a $3.2 billion petrochemical project to be based in Jubail Industrial City. (more) |
| 5/5/2006 |
Saudi Oil Minister Reassures U.S. Audience Saudi Arabia’s Minister of Petroleum and Mineral Resources, H.E. Eng. Ali Al-Naimi, speaking at a recent conference held at the Center for Strategic and International Studies (CSIS) in Washington, dismissed concerns that a lack of supply was contributing to recent price spikes seen in the cost of oil. (more) |
| 5/1/2006 |
Gulf Care International, Inc. Announces Agreement with The Royal Clinics Gulf Care International, Inc., headquartered in Chicago, has been awarded a contract from The Royal Clinics of The Kingdom of Saudi Arabia to design, develop, and manufacture the next generation of Advanced Mobile Hospital Units. (more) |
| 4/12/2006 |
Saudi Delegation to Attend OTC in Houston The U.S. Commerce Department will lead a delegation of Saudi Arabian company representatives to the Offshore Technology Conference in Houston, Texas from May 1-4. (more) |
| 4/11/2006 |
$100 Million Venture Capital Investment Firm Planned Representatives of the Saudi Arabian General Investment Authority (SAGIA), Global Emerging Markets, and Venture Capital Bank signed a memorandum of understanding that will establish a $100 million venture capital investment company in the Kingdom. (more) |
| 4/11/2006 |
Aluminum Smelter Construction Approved A $3.76 billion aluminum smelter has been approved for construction in Ras-Al Zour industrial zone. (more) |
| 4/11/2006 |
Aramco Announces New Oil & Gas Discoveries Aramco announced that three new oil and natural gas fields have been discovered close to Ghawar, the world’s largest deposit. (more) |
| 4/11/2006 |
Citigroup Plans Saudi Operations Citigroup is planning to reenter the Saudi market after selling its 20 percent stake in Saudi American Bank (SAMBA) two years ago to the Saudi Government. (more) |
| 4/11/2006 |
Investment Office Set up in Riyadh Airport In a move to further attract foreign investment into the Kingdom, the Saudi Arabian General Investment Authority (SAGIA) has established an office at King Khaled International Airport in Riyadh. (more) |
| 4/11/2006 |
Saudization Quotas Eased for Certain Job Categories Saudization rates for certain job categories will be reduced from 30 to 10 percent, according to the Labor Minister, H.E. Dr. Ghazi Al-Gosaibi. (more) |
| 4/11/2006 |
Sipchem Awards New Construction Contract Saudi International Petrochemicals Company (Sipchem) announced that it has signed a $1.1 billion contract with Fluor Canada for the construction of an acetic acid and vinyl acetate monomer plant. (more) |
| 4/7/2006 |
Aramco to Sell 25 percent of Rabigh Plant through an IPO A joint venture project established at the Rabigh plant between Saudi Aramco and Sumitomo Chemical Company of Japan will transform the current oil refinery into a petrochemical plant by late 2008. (more) |
| 4/6/2006 |
Privatization of Saudi Arabian Airlines Approved The Supreme Economic Council (SEC) approved the strategic privatization plan of Saudi Arabian Airlines on March 21, 2006. (more) |
| 4/6/2006 |
Standard and Poor's Boosts Kingdom's Ratings Again In a further boost to Saudi Arabia’s ability to attract foreign investment and increase its access to international financial resources, Standard & Poor’s raised its long-term foreign currency credit rating from ‘A’ to ‘A+’, and confirmed its long-term local currency rating at ‘A+’ and short-term sovereign credit rating at ‘A-1’. (more) |
| 3/30/2006 |
Council Organizes a Trade Mission to Saudi Arabia The U.S.-Saudi Arabian Business Council, in conjunction with Illinois Global Partnership, Inc., organized a trade mission for a delegation of businessmen and women from the state of Illinois. (more) |
| 3/20/2006 |
Foreigners Residing in the Kingdom Allowed to Invest Directly in the Tadawul The Capital Market Authority (CMA) announced today that effective March 25, 2006, foreigners residing in the Kingdom will be able to invest directly in the Tadawul All-Shares Index (TASI). (more) |
| 2/28/2006 |
WorleyParsons Announces New Contract with Ma’aden WorleyParsons announced that it has been awarded a $133 million contract from Ma’aden, the Saudi Arabian Mining Company, for the provision of engineering and project management services. (more) |
| 2/14/2006 |
Aramco Starts Pumping from Haradh Saudi Aramco has announced that its new Haradh gas-oil separation plant (GOSP) has started pumping several months ahead of schedule. (more) |
| 2/14/2006 |
New Private Airline Set for Launch Saudi Arabia’s newly created low-fare airline, Sama, plans to launch flights in the summer, and expects to carry 500,000 passengers by the end of 2006. (more) |
| 2/14/2006 |
Standard and Poor’s Raises Ratings on Four Saudi Banks Standard and Poor’s recently released “Bank Ratings Guide” has raised the counterparty credit ratings for four major Saudi banks, including the National Commercial Bank, Samba Financial Group, Riyad Bank, and the Al Rajhi Bank. (more) |
| 1/25/2006 |
U.S.-Saudi Arabian Business Council Appoints New President and Managing Director Washington, D.C., January 25, 2006 -- The Board of Directors of the U.S.-Saudi Arabian Business Council today announced that it has selected Mr. Edward Burton to be its new President and Managing Director, effective March 1, 2006. (more) |
| 1/5/2006 |
Construction Commences at 'King Abdullah Economic City' Groundwork has begun on the 55 million square meter site north of Jeddah, which is to be the home of 'King Abdullah City', in what is considered the single largest private sector investment in Saudi Arabia. (more) |