Ministry partners with NEOM to boost energy innovation
In a strategic move to advance the energy sector, the Saudi Ministry of Energy led by Prince Abdulaziz bin Salman and NEOM, represented by CEO Eng. Nadhmi Al-Nasr, have formalized a memorandum of understanding (MOU) in Riyadh. The agreement aims to bolster collaboration in the energy field, focusing on the development of cutting-edge technologies. The […]
Saudi Crown Prince receives US senators at winter camp in AlUla
Saudi Crown Prince and Prime Minister Mohammed Bin Salman received several members of the United States Senate Intelligence Committee at his winter camp in AlUla on Saturday. The meeting included Senator Mark Warner, chairman of the Senate Intelligence Committee, Senator Angus King of Maine, Senator John Cornyn of Texas, Senator Kirsten Gillibrand of New York, […]
Saudi Exchange launches TASI50 Index, tracking Top 50 market cap companies
The Saudi Exchange Company has announced the launch of the TASI50 Index as of Sunday, Jan. 7, 2024. This newly introduced TASI50 Index is designed to track the performance of the top 50 companies by total market capitalization listed on the Saudi Exchange. The constituents of this index represent 90% of the free float market […]
Maximum fine of SR5 million for violation of LPG Distribution Law
The Ministry of Energy has presented a draft table of violations for the activities related to the Distribution Law of dry gas and liquified petroleum gas (LPG) for residential and commercial purposes. A maximum fine of SR5 million will be imposed on those who commit violation of the provisions of the law. The table of […]