Business & Finance Club Magazine Digital

Updated on : 8:56 am GMT | Wednesday 11th of September 2016 11

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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.

Kuwait Petroleum Signs Acid Gas Removal Contract With Maire Tecnimont

Business & Finance Club - Kuwait : Kuwait National Petroleum Co. signed a 117 million-dinar ($407 million) contract with Italy’s Maire Tecnimont SpA for an acid gas removal project at the Mina Al- Ahmadi refinery.

“We signed today,” Mohammed al-Ajmi, a spokesman for the Kuwaiti state-run refiner, said by telephone. The contract is for three years, he said.

Mina Al-Ahmadi is the biggest of Kuwait’s three refineries and has a capacity of 460,000 barrels a day.

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