UK-listed Petrofac awarded upstream contract in Bahrain - ZAWYA
5 days ago — Global energy engineering services company Petrofac announced on Thursday that it has been awarded a multi-million-dollar, two-year contract by Bapco Upstream (formerly Tatweer Petroleum – Bahrain Field Development Company ) to further enhance its production in Bahrain. The UK-listed company said in a statement that it will support Bapco ...
Boursa Kuwait records a 14.50 percent increase in its net ... - ZAWYA
6 days ago — Al-Humaidhi: Boursa Kuwait’s strong financial performance underscores our unwavering pledge to delivering shareholder value and strengthens our position among emerging financial markets; Al-Osaimi: Boursa Kuwait remains a compelling destination for institutional investors, enhancing its stability.We continue to attract international investors, strengthening …
New Murabba Partners Forum sets stage for ambitious downtown …
6 days ago — The forum brought together over 40 senior leaders from various companies and strategic partners to engage in open dialogue and exchange ideas on Saudi Vision 2030 and the future of Riyadh’s new, transformative downtown. Eissa Almunif, Executive Director of EPMO and Stakeholder Management, New Murabba, opened the day, by welcoming our partners ...
Google announces AI Opportunity Initiative for the Middle East …
5 days ago — The AI Opportunity Initiative for MENA will build on Google's long-standing commitment to the region, where it has trained three million people on core digital skills since 2018. This new initiative aims to further empower half a million individuals within two years with critical AI skills. Google’s AI Opportunity Initiative for MENA will ...
Saudi to build waste-to-hydrogen plant - ZAWYA
5 days ago — October 31, 2024. Saudi Arabia is planning to build a plant to convert waste into green hydrogen and biofuels, newspapers reported on Thursday. The project is based in the Gulf Kingdom’s Eastern region and will utilise methane gas emitted from waste landfills, they said. The Emir of the Eastern region Prince Saud bin Abdul Aziz signed the ...
Saudi firm signs deal for seismic survey in Jordan - ZAWYA
6 days ago — October 30, 2024. JORDAN OIL AND GAS. A Saudi company has signed a contract with Jordan to carry out a 3D seismic survey covering 4,285 sq km for the exploration of natural resources. The Arabian Geophysical and Surveying Company (ARGAS) will conduct the 8-month survey in Jafr region, nearly 300 km east of the capital Amman.
Boursa Kuwait records a 14.50 percent increase in its net ... - ZAWYA
6 days ago — The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy.
China's CNOOC to develop Iraq's oil and gas block 7 - ZAWYA
6 days ago — October 30, 2024. China's CNOOC Ltd has signed an exploration, development and production contract (EDPC) with Iraq's state-owned Midland Oil Company to explore oil and gas at the Block 7 field. CNOOC Africa Holding, the state oil and gas company's fully owned unit, will hold 100 percent interest and operate the 6,300-square-kilometre Block 7 ...
UAE leading example of economic diversification, says UN Envoy
5 days ago — October 31, 2024. DUBAI - Dr. Mahmoud Mohieldin, the UN Special Envoy on Financing the 2030 Agenda, has acknowledged the GCC countries, especially the UAE, for setting a precedent in diversifying their economies, successfully transitioning away from oil dependence and invested in future-oriented sectors. In statements to the Emirates News ...
ESG sukuk growth to be sustained in Q4 24-2025: Fitch - ZAWYA
6 days ago — Global ESG sukuk issuance is expected to continue rising over Q4, 24-2025, driven by investor demand, funding and diversification goals, and government sustainability initiatives in some Muslim-majority countries, Fitch Ratings says. The expected US Federal Reserve rate cuts to 4.5% at end-2024 and 3.5% at end-2025 could further improve ...