Friday 6 March 2015
 
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Saudi Arabia

No 'grand bargain' with Iran: Kerry

US Secretary of State John Kerry reassured Gulf Arab states on Thursday that Washington was not seeking a "grand bargain" with Iran, in reference to wider political and security cooperation, and said a nuclear deal with Tehran would be

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YBA Kanoo opens solar plant in Jeddah

Yusuf bin Ahmed Kanoo Company (YBA Kanoo), one of the largest family-owned conglomerates in the Gulf, has announced the opening of a 60kW solar power plant at its facility in Jeddah, Saudi Arabia. The power plant, built with the l

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Saudi Arabia’s Al-Naimi expects oil market to balance

Saudi Arabian Oil Minister Ali Al-Naimi said on Wednesday he hoped and expected the oil market to balance and prices, which hit a near six-year low in January, to stabilize. In a speech, he said his country was committed to helpin

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South Korea to build nuclear power plants in Saudi Arabia

Saudi Arabia and South Korea have signed key accords on the development of nuclear energy including a plan to study the feasibility of building nuclear reactors worth SR7.5 billion ($2 billion) across the kingdom. The duo will co-

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South Korea to build nuclear power plants in Saudi Arabia

Saudi Arabia and South Korea have signed key accords on the development of nuclear energy including a plan to study the feasibility of building nuclear reactors worth SR7.5 billion ($2 billion) across the kingdom. The duo will co-

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Saudi elevator market to top 7pc growth

The growth in construction market owing to various up-coming public and private infrastructure projects will boost Saudi Arabia’s elevators and escalators market to grow at a compounded annual growth rate (CAGR) of 7.2 per cent during 2015

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Oil holds above $60 after Saudi price hikes

Brent held above $60 a barrel on Wednesday supported by a hike in Saudi crude prices and strikes on oil facilities in Libya. In a move widely seen as a vote of confidence by Saudi Arabia in demand recovery, the Opec kingpin raised

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Saudi Arabian FM market to top $25bn

The facilities management (FM) market in Saudi Arabia is currently worth $20 to $25 billion and is growing at over 10 per cent year on year, said a report ahead of the annual conference of Middle East Facilities Management Association (Mefma).

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Throwing light on GCC dispute rules

In the last three to four years, the construction industry in the GCC has shown positive signs of recovery. There is still some way to go before the numbers can be compared to the pre-recession era. Qatar, Bahrain and Saudi Arabia

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Gammon partners with top firms to develop Saudi industrial city

About 42 international companies have agreed to join hands with leading engineering company Gammon Group to develop the new industrial city in the Saudi Arabian city of Jazan, said a report. A global construction company with a st

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