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Saudi Arabia Approves 300MW Solar Energy Project

Saudi Arabia’s renewable energy procurement body has kicked off the nation’s solar energy program by sealing a privately financed contract with ACWA Power to develop a 300-MW plant. Due to start operating next year, the plant will cover more then 6 sq kilometers at Sakaka, nearly 1,000 km northwest of Riyadh. Energy Minister Khalid Al-Falih valued the privately financed deal at roughly $300 million."...

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Pakistan to send troops to Saudi Arabia on 'training and advice mission'
February 18, 2018

Thousands of Pakistani troops will be deployed to Saudi Arabia to help train and advise the kingdom's military, but the decision has led to a backlash at home with many fearing 'mission creep'.

Islamabad did not clarify the number of troops who"...

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Saudi Exports Muddy The Waters
February 18, 2018

Saudi Arabia continues to keep the market informed about its stance on the OPEC production cut deal, with Khalid al-Falih's latest guidance that Saudi would prefer to overtighten the market than exit early from cuts (channeling Neil Young's 'it's"...

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Saudis weigh sole listing of Saudi Aramco shares on Riyadh stock exchange
February 18, 2018

As rumours emerge over Riyadh’s process of choosing one or more foreign bourses for the listing of shares in the impending initial public offering (IPO) of state oil giant Saudi Aramco, the role of the Saudi stock exchange — Tadawul — in the limited sale is increasingly in the spotlight.

The Saudi exchange has been"...

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Address details now a must for bank accounts
February 18, 2018

Banks have been reportedly asking customers to furnish address details in compliance with the Saudi Arabian Monetary Authority’s (SAMA) directive to implement the National Address System.

The National Address System is a unified address data storage through the Geographic Information System (GIS).

The Kingdom introduced this system for the first time in the Arab world. It is"...

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Pakistan to send troops to Saudi Arabia on 'training and advice mission'
February 18, 2018

Thousands of Pakistani troops will be deployed to Saudi Arabia to help train and advise the kingdom's military, but the decision has led to a backlash at home with many fearing 'mission creep'.

Islamabad did not clarify the number of troops who"...

Continue Reading

Saudi Exports Muddy The Waters
February 18, 2018

Saudi Arabia continues to keep the market informed about its stance on the OPEC production cut deal, with Khalid al-Falih's latest guidance that Saudi would prefer to overtighten the market than exit early from cuts (channeling Neil Young's 'it's"...

Continue Reading