Company News

Further delay to Rabigh plant mill construction

(Cement World - 10/19/2017 10:21:00 PM)

Commercial start-up of new cement mills at Arabian Cement Co.’s Rabigh plant has been delayed to 3Q18. The mills had been expected to go into operation in 4Q17 but construction work is still ongoing. The delay is “due to the contractor’s failure to ...

NBK named Best Bank in Kuwait 2017 by Global Finance

(Kuwait Times - 10/19/2017 10:17:00 PM)

National Bank of Kuwait (NBK) has been named the Best Bank in Kuwait 2017 by the international financial publication Global Finance. The award was presented to George Richani, General Manager – International Banking Group at NBK, at an award ceremony ...

Riyad Bank third-quarter profit up 47.7 pct, beats forecasts

(Reuters - 10/19/2017 10:10:00 PM)

Riyad Bank, Saudi Arabia's fourth-largest bank by assets, on Wednesday reported a 47.7 percent rise in third-quarter net profit, beating analysts' forecasts as income from investments and fees and commission rose. The bank, which had reported flat or ...

Aramco participates as a diamond sponsor in the 5th Water Arabia

(WebWire - 10/19/2017 10:06:00 PM)

Saudi Aramco participated as the diamond sponsor in the 5th Water Arabia Conference and Exhibition under the theme “Sustaining water resources through innovative and reliable water and wastewater treatment technologies.” At the conference’s opening ...

Four Seasons and Jabal Omar Company to Open New Hotel in Makkah

(Press Release - 10/19/2017 9:22:00 PM)

Four Seasons Hotels and Resorts, the world's leading luxury hospitality company, and Jabal Omar Development Company (JODC), a leading developer in the Middle East, announce plans for a new Four Seasons hotel in the Holy City of Makkah (also known as ...

Saudi needs Aramco billions as recession slows austerity drive

(Reuters - 10/19/2017 6:18:00 PM)

Saudi Arabia’s plans to sell state assets - including a stake in energy giant Saudi Aramco - are becoming even more important to its finances as a recession slows Riyadh’s effort to close a budget deficit caused by low oil prices. ast December, Riyadh ...

McDermott to Present at the Future Investment Initiative

(Press Release - 10/19/2017 3:43:00 PM)

McDermott International, Inc. (NYSE:MDR) President and Chief Executive Officer David Dickson is scheduled to speak on a panel at the Future Investment Initiative in Riyadh, Saudi Arabia on October 26, 2017 at 9 a.m. Arabia Standard Time (1 a.m. Central ...

Rowan, Aramco launch ARO Drilling

(Upstream Online - 10/19/2017 3:22:00 PM)

US rig owner Rowan Companies and Sa udi Aramco have started up operations of their 50/50 joint venture ARO Drilling. Through the move, first announced in November 2016, Aramco and Rowan agreed to create the joint venture to own, operate, and manage ...

Dagong and IIRA maintain the Ratings of Al Baraka Banking Group

(CP Financial - 10/19/2017 1:49:00 PM)

Dagong Global Credit Rating Company Limited (“Dagong”) and Islamic International Rating Agency (“IIRA”) have jointly maintained foreign and local currency ratings assigned to AlBaraka Banking Group (“ABG” or “the Group”) on the international scale at ...

Gazprom Neft eyes cooperation with Aramco in hard-to-recover oil

(Reuters - 10/19/2017 12:20:00 PM)

Russia’s Gazprom Neft will work with the world’s largest oil producer Saudi Aramco in hard-to-recover oil production and on a technology known as hydraulic fracturing, Gazprom Neft chief Alexander Dyukov said on Wednesday. Earlier this month, both ...

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