Sunday 21 September 2014
 
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KEC

Kuwait budget surplus may hit $52 billion

  Kuwait is likely to have recorded another massive surplus during the last financial year of up to KD15 billion ($52.8 billion) as the price of Kuwait Export Crude (KEC) averaged $107 per barrel fo

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Dohaland opens knowledge centre to public

Dohaland, a subsidiary of Qatar Foundation, and a leading innovator in urban living, has opened its knowledge centre, a new landmark moored off Doha Corniche, to the public three days a week. Dohaland’s Knowledge Enrichment Centre (KEC), d

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SEC awards $64m power line contract

Saudi Electricity Company (SEC) has awarded a SR241 million ($64 million) contract to install a power transmission line north of Riyadh as part of plans to meet surging power demand. SEC, the Gulf's largest power utility by market valu

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Aecom wins big ME contracts

Aecom Technology Corporation, a leading provider of professional technical and management support services for government and commercial clients, has clinched two major contracts worth $60 million in the Middle East region. The wins are an

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Knowledge City to sell shares by May

Saudi property developer Knowledge Economic City (KEC) plans to sell shares to the public within 30 days, the commerce and industry ministry said today (April 18). The ministry approved setting up the firm with a total capital of SR3.393 b

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Advisors named for KEC IPO

Knowledge Economic City Development Co (KEC) has appointed NCB Capital and Swicorp as joint financial advisors for its planned initial public offering (IPO). KEC will offer to public 30 per cent of its shares in the IPO which is expected t

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KEC chief wins ACN’s IT honours

Arabian Computer News (ACN) has named Knowledge Economic City’s (KEC) chief technology officer Mohammed Shah as one of ACN’s annual IT Managers of the Year. Every year ACN identifies 10 Middle East’s very best CIOs, IT directors and IT man

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Knowledge Economic City, Cisco enter deal

Madinah’s Knowledge Economic City (KEC) and Cisco have finalised a strategic agreement for the infrastructure development of the 'smart city' project. Sheikh Ibrahim M. Alissa, KEC chairman, and John Chambers, chairman and chief executive

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Saudi hosts ME’s first knowledge conference

Jeddah played host to the first-ever regional conference on the knowledge economy, being organised by the Arabian Knowledge Economy Association. Knowledge Economic City Al Madinah (KEC) is a major sponsor of the two-day event, being joint

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Kuwait firm sees big oil in Somalia

Kuwait Energy Company, which is assisting the development of Somalia's oil and gas sector, has high hopes for the country's future production. KEC has a preliminary agreement with Somalia to take a 49-percent stake in a newly-formed s

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