Business & Finance Club Magazine Digital

Updated on : 7:49 am GMT | Wednesday 11th of September 2016 10

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Issued By Business & Finance Group | Dubai Media City | Issue No.305

News Archive
Work begins on SR12.7 billion Rabigh power plant
Business & Finance Club - Riyadh : South Korea's Doosan Heavy Industries & Construction has begun work on a 2,500-megawatt power plant in Rabigh, 150-km northwest of Jeddah, after the Saudi Electricity Company (SEC) awarded it the SR12.7 billion ($3.39 billion) contract.



Kingdom gears up to mark 80th National Day
Business & Finance Club - Riyadh : The Kingdom of Saudi Arabia celebrates its 80th National Day today, marking the unification of the country by late King Abdul Aziz in 1932.



Kingdom of Saudi Arabia National Day: Dear Memorial and Precious Occasion
Business & Finance Club - Riyadh : The Emirs of different provinces have highlighted the significance of the 80th anniversary



Saudi Electricity awards SR1.2 billion contracts
Business & Finance Club - Riyadh : Saudi Electricity Company, the state owned power supplier, awarded three contracts valued at a total of SR1.2 billion to link existing power stations, build a new one and expand another, according to a reported statement by CEO Ali al-Barrak.



Apicorp to exit two equity investments, reinvest proceeds
Business & Finance Club - Riyadh : Arab Petroleum Investments Corp (APICORP) on Sunday said it was in "mature discussions" to divest two of its key equity stakes and reinvest the proceeds in new oil and gas companies as it seeks to diversify its portfolio.

Prince Saud Bin Abdullah bin Thunayyan Al Saud, chairman of RCJY launches development projects worth SR1.2 billion

Business & Finance Club – Jubail : Prince Saud Bin Abdullah bin Thunayyan Al Saud, Chairman of Royal Commission for Jubail and Yanbu launches a number of development projects worth SR1.2 billion. The Custodian of the Two Holy Mosques laid the foundation of those projects in an earlier visit to Jubail Industrial City.

The first phase of the residential units of the Commission’s employees will be delivered, along with a number of health, education and services projects.

“The prince ordered to deliver the units to the employees of the commission” said Musleh Alotaiby, CEO of RCJY. His Highness Chairman of RCJY launches a number of health projects in Jubail Industrial City, and three new schools of capacity 2200 students. Dr Alotaiby said that the chairman launchs a number of services projects include the second flyover in Fanateer district.

Online Markets news
Oil hovers near $75 as global stocks rally
Saudi bourse opens 3.7% down
Gold recovers smartly on higher global cues, silver firms up
Curbs could slow Dow trade during plunge
Euro Weakens, Greek Bonds Slump on Funding Concern; Stocks Drop
China May Publish Rate to Manage Yuan Versus Basket of Currencies, Hu Says
Strong earnings growth pushes Indian shares
Nikkei falls 0.3 percent ahead of BOJ, U.S. data
Oil falls to six-week low as economic data raise doubts over US demand
Asian currencies up amid global recovery