Environment & Energy | Monday 9 May, 2016 4:04 am

Saudi Arabia to maintain stable oil policies: Falih

Saudi Arabia’s new energy minister on Sunday pledged to maintain the Kingdom’s oil policy, after being named in a major government overhaul. “Saudi Arabia will maintain its stable petroleum policies,” Khalid Al-Falih said in a statement. “We remain committed to...

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Environment & Energy | Sunday 8 May, 2016 6:15 am

New Energy Minister Khalid Al-Falih was longtime Saudi Aramco chief

Khalid Al-Falih, named byon Saturday to head a super Ministry of Energy, Industry and Mineral Resources, was the longtime chief of state oil giant Saudi Aramco. From 2009, he was Saudi Aramco’s president and CEO, in charge of about 60,000 employees at the firm which produces roughly one in...

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Environment & Energy | Saturday 7 May, 2016 1:37 pm

Oil falls as investors cash in on month-long gains

 Oil prices fell on Friday as investors cashed in on a 20-percent rise over the past month, outweighing the impact of crude production cuts in Canada where a huge wildfire has disrupted oil sands operations. Oil prices were down around one percent by 1234 GMT, with global benchmark Brent...

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Environment & Energy | Thursday 5 May, 2016 9:10 am

Doha Bank hosts Tree Planting event

Doha Bank continued to build upon its environmental leadership in Qatar by hosting its Tree Planting event using irrigation system equipment, near its branch in Dukhan.  A number of Doha Bank staff volunteers teamed up to plant trees and install the automatic irrigation system, to demonstrate...

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Environment & Energy | Thursday 28 April, 2016 4:36 am

Aramco sets financing plan for industrial push

Saudi Aramco, the biggest energy company, outlined financing plans on Wednesday that will support its expansion into new areas under a sweeping economic reform plan released by Riyadh this week. The reforms envisage Aramco transforming itself from an oil and gas firm into a “global...

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Environment & Energy | Saturday 23 April, 2016 10:16 am

Environment exhibition in Khobar impresses visitors

An exhibition titled “Our Environment … Our Life”, which is currently being held in the Eastern Province city of Al-Khobar, is attracting a large number of visitors, especially school students who usually come during the morning sessions. The staff of King Abdulaziz Airbase in ...

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Environment & Energy | Saturday 23 April, 2016 9:11 am

Kingdom's non-oil exports reach SR627bn

The sixth edition of Jeddah Industrial Forum (JIF) was inaugurated by Makkah Gov. Prince Khaled Al-Faisal with the adoption of an innovative youth-focused national transformation program at the Jeddah Hilton. The Ministry of Trade and Industry in Saudi Arabia has revealed that non-oil exports...

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Environment & Energy | Tuesday 19 April, 2016 3:09 pm

Doha meeting concludes with a no freezing of production solution

The commodity complex rose for a second week with support from multiple sources helping to offset a stronger dollar. China's trade and growth data both pointed towards a stabilising but still debt fueled economy. This helped support industrial metals while also giving grains a boost due to...

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Environment & Energy | Monday 18 April, 2016 7:39 am

Yasref obtains $4.7b unsecured credit facilities

THE Yanbu Aramco Sinopec Refining Company Ltd. (Yasref) has announced the signing of unsecured corporate finance credit facilities in an amount equal to $4.7 billion to refinance an existing shareholders credit facility. The credit facilities have been executed with a syndicate of 26 local,...

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Environment & Energy | Monday 18 April, 2016 5:30 am

Oil meeting in Qatar ends without freeze

Oil-rich nations at Qatar summit say they need “more time” before agreeing to a production freeze. The decision came hours after the meeting began in Doha, the Qatari capital. Eighteen oil-producing nations were at the Doha summit, with OPEC member Iran sitting out the meeting. Those ...

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