Saudi’s NWC completes $23mln sewage project in Qassim region
Saudi Arabia’s National Water Company (NWC) has announced the completion of a 89.8 million Saudi riyal ($23 million) sewage project in the Qassim region, the state-owned wastewater utility company said in a statement. The new project will provide sewage services to nearly 27,000 people across 29 districts in the region’s governorates. The networks with a […]
‘Polarisation in global dialogues threatens investments – KBW Ventures CEO
Extreme polarisation is permeating global dialogues, Prince Khaled bin Alwaleed, founder and CEO of KBW Ventures, told the Catalytic Philanthropy Forum in Abu Dhabi while discussing impact investing as a means for social good. He stressed that this was a risk seen through the lens of investing, in addition to lack of measured discourse and […]
Saudi-China deal sheet: Major agreements to boost two-way investments
China and Saudi Arabia have signed 35 investment agreements worth about $30 billion, during Chinese President Xi Jinping’s visit to the Kingdom, according to local media reports and press statements. The deals include several sectors such as green energy, technology and cloud services, transportation, logistics, medical industries, construction, and manufacturing. The agreements include the first […]
NCM: Rain to continue until Thursday; torrential rain may hit coastal areas of Makkah
The National Center of Meteorology (NCM) announced that Makkah and most other regions of Saudi Arabia would continue to receive moderate to heavy rains from Monday to Thursday, with the possibility of torrential rain and flash flooding on the coastal areas of Makkah. In its weather report, the center stated that the rainy weather condition […]
SAMI chief: Saudi Arabia to manufacture drones locally
Eng. Walid Abukhaled, CEO of the Saudi Arabian Military Industries (SAMI), said that the Kingdom is working on manufacturing drones locally, taking into account their significance in the current scenario. In his speech at the Saudi Budget Forum 2023, organized by the Ministry of Finance, here on Monday, he said: “If we look at globally, […]
Aramco Gulf Operation, Kuwait’s KGOC to develop Durra gas field
Saudi Aramco Gulf Operations Company has signed a memorandum of understanding (MoU) with Kuwait Gulf Oil Company (KGOC) to develop the joint Durra natural gas field, Reuters reported on December 11th, citing Saudi news agency (SPA). The MoU aims at producing 1 billion cubic feet of natural gas and 84,000 barrels of liquefied natural gas […]