Business & Money | Saturday 28 May, 2016 5:40 am

SABIC launches innovation hub

Saudi Basic Industries Corporation (SABIC) has launched an innovation hub that would develop downstream businesses in the petrochemical industry and help build new energy-saving smart homes. Prince Saud bin Abdullah bin Thenayan Al-Saud, SABIC’s chairman, said Wednesday at the launch that ...

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Environment & Energy | Friday 27 May, 2016 6:22 am

Rabigh Power Plant 2 receives MEED award

Saudi Electric Company’s Rabigh 2 Power Plant (4x700MW) on Wednesday received its Power & Water Project of the Year Award handed out by the Middle East Economic Digest (MEED) in Dubai. MEED’s Quality Awards for Projects 2016 is in recognition of companies that maintain quality...

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Culture & Education | Friday 27 May, 2016 6:17 am

Al-Turaifi inaugurates new SPA headquarters

Minister of Culture and Information Adel Al-Turaifi opened on Thursday evening the new headquarters of the Saudi Press Agency (SPA) in Riyadh. The 10-story building, with the state-of-the-art facilities, is located in Al-Sahafa district in the north of Riyadh. Speaking on the occasion,...

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Business & Money | Friday 27 May, 2016 5:28 am

Family Business Council-Gulf launches the region’s first GCC Family Business Governance Code

The Family Business Council-Gulf (FBCG), the regional association of Family Business Network International (FBN), launched the first-ever GCC Family Business Governance Code which will serve as voluntary guide on how to organise the family and business together. The code will help family...

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Business & Money | Thursday 26 May, 2016 3:05 pm

Sadara Chemical Company and Saudi/Korean JV Sign Supply Agreement for New PlasChem Park Venture

Sadara Chemical Company (Sadara) has entered into a supply agreement with Surfactants’ Detergent Company (SDC), a joint venture being developed by a Saudi/South Korean consortium which plans to build a chemical production facility in PlasChem Park, located in Jubail Industrial City II. The...

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Business & Money | Thursday 26 May, 2016 12:09 pm

SEDCO Capital Discusses Saudi Endowments, Prospects & Cases

SEDCO Capital organised its fifth annual “Windows on Markets 2016” event, which focused on Endowments in the Kingdom. Attended by senior company officials and local and international experts, the conference themed “Saudi Endowments, Prospects & Cases”, discussed...

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Business & Money | Thursday 26 May, 2016 5:39 am

‘Saudi Power’ 2016 an ideal platform for B2B

With the participation of 220 companies and 4 national pavilions from 19 countries, the Saudi Power 2016 concluded its 19th edition with significant success. It attracted 5051 unique investors recording 43% increase compared to last year, who had the chance to interact face to face with key...

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Business & Money | Thursday 26 May, 2016 5:02 am

Al Salem Johnson Controls Unveils First Saudi Made YORK Chiller

The swift change in the air conditioning market of Saudi Arabia calls for a new strategy that entails the use of an innovative technology to cater to that increasing demand. Al Salem Johnson Controls, a pioneer provider of integrated HVAC solutions, has adopted this approach with the launch of the...

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Business & Money | Thursday 26 May, 2016 4:35 am

‘No delay’ in SR62bn Makkah metro project

Earlier Reuters quoted him as saying that the project had been delayed so that its financing can be restructured. He reportedly told a construction industry conference in Dubai: “The reason for the delay is some restructuring financially.” He said that while work on privately funded...

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Culture & Education | Wednesday 25 May, 2016 10:27 pm

King patronizes KAU celebrations

Custodian of the Two Holy Mosques King Salman attends the 50th anniversary celebrations of King Abdulaziz University at King Faisal Conference Center in the premises of the university in Jeddah on Wednesday evening. The King also toured the pavilions of the exhibition, organized on the sidelines of ...

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