Saudi Arabia

Playing catch-up

Saudi Arabia’s aviation infrastructure is the subject of a multi billion-dollar overhaul, yet the kingdom’s highly regulated market still makes it unattractive to all but the most determined foreign carriers [...]

Retail therapy

The announcement last month that Saudi Arabia would allow foreign investors to own 100 per cent of retail and wholesale businesses has met with a favourable response from observers [...]

STC’s $1bn data plan

Saudi Telecom Company (STC) expects to spend another $1 billion in the second half of 2015 on enhancing its mobile and fixed networks as it tries to meet surging demand for web-based services, chief executive Khaled al Biyari said. The outlay would [...]

New head for Aramco

State oil firm Saudi Aramco officially appointed Amin Nasser as chief executive, Reuters news agency reported. Nasser, a known technocrat, had been acting head since April when he replaced Khalid al Falih, who became Aramco chairman as well a [...]

Aramco in clean fuels push

SAUDI ARAMCO has revived plans to add a clean fuels unit in its biggest oil refinery in Ras Tanura and more environmentally-friendly units to its Rabigh refinery, industry sources said. [...]

New CEO for Sabic

PETROCHEMICAL GIANT Saudi Basic Industries Corporation (Sabic) has named Yousef Abdullah al Benyan as acting chief executive officer, replacing outgoing head Mohamed al Mady. [...]

Aramco extends deadline for gas project bids

STATE ENERGY firm Saudi Aramco has extended the deadline for companies to bid for work on its unconventional gas facilities in the north of the country, signalling it remains committed to developing shale gas deposits, industry sources said. [...]