Saudi King and Crown Prince Condole Kuwait
In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »
Putin and Abbas Discuss Gaza Crisis
Russian President Vladimir Putin is set to meet with Palestinian President Mahmoud Abbas on Tuesday during Abbas’ visit to Russia. Arriving on Monday, Abbas aims to discuss the ongoing Gaza conflict with More »
Saudi Arabia Voices Strong Support for Gaza Peace Initiatives
Saudi Arabia has firmly aligned itself with the recent joint statement made by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, More »
Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Tag Archives: SEC
Saudi Electricity Company signs pact with PCMC to reduce carbon emissions
The Saudi Electricity Co. (SEC) and the Petroleum, Chemicals and Mining Co. (PCMC), a subsidiary of the Saudi Binladin Group, have signed a partnership and cooperation agreement aimed at reducing carbon emissions. The deal, which is to be implemented via
SEC sees significant impact on income
Saudi Electricity Co. (SEC) expects the effects of fuel and electricity price hikes announced in the 2016 government budget to roughly balance out, with little overall impact on its bottom line, the company said in a bourse statement on Tuesday.
Gulf projects: Demand grows for public-private partnerships
The Gulf’s state-linked firms are being forced to wean themselves off direct government funding, and focus more on capital markets and private investment, to push ahead with projects in an era of cheap oil. In the previous several years of
Solar power ‘crucial’ for KSA
The pact signed earlier this year to set up an independent solar power plant would help meet some of the country’s rising energy demands over the next few decades. This is according to Abdularahman Almuhanna, chief executive officer of Taqnia
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