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Saudi Aramco to buy 5m tonnes of LNG annually from US-based Sempra
Saudi Aramco has agreed to buy 5 million tonnes of liquefied natural gas per annum from US-based company Sempra over a 20-year period.
This deal follows the announcement by the subsidiaries of both firms that they have executed a…
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IsDB inks deal with Kazakhstan to help advance its economy
Infrastructure projects in Kazakhstan will receive support from the Islamic Development Bank after a deal was signed in Vienna.
IsDB President Mohammed Sulaiman Al-Jasser inked the agreement with the Central Asian country’s Deputy Prime…
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Saudi Arabia advances renewable goals with 5,500 MW solar PPAs
Saudi Arabia is set to add 5,500 megawatts of solar energy following the signing of three deals by its principal buyer, advancing its strategy to enhance renewable sources.
The Saudi Power Procurement Co. finalized power purchase…
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PIF subsidiary SGP and SANY seal $1.87bn deal to supply electric trucks to Dammam port
An agreement worth SR7 billion ($1.87 billion) was struck between Saudi Global Ports and a Chinese company to advance green operational capacities at the Kingdom’s ports.
The deal — hailed as the world’s largest single contract for the…
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Climate change ambitions proving ‘futile’ as fossil fuel consumption hits new highs: report
“Drastic and coordinated actions” are needed to reduce the global reliance on fossil fuels, a climate think tank leader has warned after a new analysis showed oil and coal consumption are at record levels.
Commenting on the latest…
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EY chooses Riyadh for regional HQ amid Saudi Vision 2030 drive
Multinational professional services firm EY has chosen to locate its regional headquarters in Riyadh, joining a growing list of international companies in the city.
The London-based entity – formely known as Ernst & Young – has…
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NEOM, Qiddiya, and Diriyah among projects attracting UK investor interest
Saudi Arabia has garnered strong interest from British investors in its renewable energy sector and sustainable infrastructure, aligning with its Vision 2030 for green initiatives in environmental projects.
This came at the UK-Saudi…
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Bahrain’s NBB hires Goldman Sachs to explore merger worth $2.43bn
Bahrain’s national bank appointed Goldman Sachs as a financial adviser for its negotiation with top banking institutions regarding a potential merger deal between the two, a disclosure showed.
According to a statement by the body on the…
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Gulf luxury market set to soar on strong economic growth and consumer confidence: report
The Gulf region’s luxury sector is growing twice as fast as the global industry, reaching $12.5 billion in 2023, driven by strong macroeconomics and flourishing tourism, a new report revealed.
According to the findings by luxury goods…
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Saudi Arabia raises $1.17bn from June sukuk issuance
Saudi Arabia has completed its riyal-denominated sukuk issuance for June at SR4.4 billion ($1.17 billion), according to the National Debt Management Center.
The Kingdom issued sukuk amounting to SR3.23 billion in May, while it was SR7.39…
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