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Learning to Love Solar Energy: Saudi Arabia Sets Plans for Renewable Energy Future

The Middle East has some of the most abundant energy assets in the world, but it's not just oil that investors should be keeping their eyes on. Saudi Arabia and the United Arab Emirates, in particular, have extremely high solar insolation, which makes solar energy very attractive for powering their grids.

Slowly, countries are"...

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NMC Health makes acquisitions in UAE, Saudi Arabia
January 23, 2018

NMC Health, a United Arab Emirates private healthcare operator, said it had acquired a 70% stake in cosmetic surgery group CosmeSurge for an implied enterprise value of around $250m.

The business was expected to deliver 2017 revenues and Ebitda of around $67m and $20.5m, respectively, representing a 31% Ebitda margin.

NMC"...

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Cargill and ARASCO open corn milling facility in Saudi Arabia
January 23, 2018

Cargill and the Arabian Agricultural Services Company (ARASCO) have inaugurated a new corn milling facility in Saudi Arabia.

Located in Al-Kharj, the facility will be operated by the Middle East Food Solutions Company (MEFSCO), which was formed as part of a joint venture by Cargill and ARASCO in 2013.

Cargill"...

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UTEC, Zamil team up for offshore Saudi Arabia surveys
January 23, 2018

UTEC has won geophysical survey contracts for three fields offshore Saudi Arabia in cooperation with local partner Zamil Offshore. These are for the Safiniyah, Marjan, and Zuluf fields. UTEC will employ the Zamil 51 offshore support vessel using a combination of multi-beam and side scan sonar survey techniques. Bill Hickie has become business unit director of Middle East and Caspian operations. He was previously global director of business development for the Eastern Hemisphere. offshore ...

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NMC Health makes acquisitions in UAE, Saudi Arabia
January 23, 2018

NMC Health, a United Arab Emirates private healthcare operator, said it had acquired a 70% stake in cosmetic surgery group CosmeSurge for an implied enterprise value of around $250m.

The business was expected to deliver 2017 revenues and Ebitda of around $67m and $20.5m, respectively, representing a 31% Ebitda margin.

NMC"...

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Cargill and ARASCO open corn milling facility in Saudi Arabia
January 23, 2018

Cargill and the Arabian Agricultural Services Company (ARASCO) have inaugurated a new corn milling facility in Saudi Arabia.

Located in Al-Kharj, the facility will be operated by the Middle East Food Solutions Company (MEFSCO), which was formed as part of a joint venture by Cargill and ARASCO in 2013.

Cargill"...

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