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Oil exports fell 27.8% y-o-y to SAR 231 bn in 3Q 2023
Author Archives: enterpriseam admin
Posted inLOGISTICS
DP World invest some SAR 1.28 bn into the south container terminal at Jeddah Islamic Port
The south container terminal represents DP World’s first terminal concession outside of the UAE
Posted inMINING
It’s a go for Ma’aden, Ivanhoe mining venture in the kingdom
This will play into the kingdom’s efforts to unlock its USD 1.3 tn in mineral reserves.
Posted inMOVES
Arabia Insurance elects new chairman and vice chairman
Arabia Ins. names new chairman, vice chairman:Arabia Ins, Cooperative Co.'s (AICC) board of directors have appointed Abdulaziz Saleh Al Omair as chairman of the company, according to a disclosure to Tadawul yesterday. Al Omair had been the company’s vice chairman since 2014. The announcement comes after the company accepted the resignation of its former chairman […]
Posted inSAUDI IN THE NEWS
Mumble mumble COP28 mumble mumble
It’s a slow morning for Saudi Arabia in the foreign press today, with COP-talk leading the conversation. Bloomberg thinks a Saudi-led agreement to decarbonize the hydrocarbon industry is “controversial.” The story also got ink from Financial Times, which separately notes that the UN’s secretary-general has “lambasted” the COP28 presidency’s net zero charter, formulated and unveiled […]
Posted inALSO ON OUR RADAR
Lots of transport-type news this fine fall morning
RAIL- Saudi Arabia Railways has inked a contract with Al Jabr Automotive to transport thousands of cars annually via freight trains, according to a statement. Under the terms of the four year agreement, SAR will transport the vehicles from King AbdulAziz Port in Dammam to a storage and distribution yard in Dammam, writes state-owned Saudi […]
Posted inPLANET FINANCE
BTC breaks past 40k. Plus: Pure Health IPO, Aldar’s London buy
It’s Aldar’s first acquisition outside the MENA region
Posted inDIPLOMACY
Energy cooperation with Brazil
Saudi Arabia and Brazil will work together on a range of energy projects, including electricity, green hydrogen, oil and gas, and petrochemicals under an MoU signed as part of a KSA-Brazil roundtable in Riyadh last week, according to state news agency SPA. The MoU was signed by Energy Minister Abdulaziz bin Salman and Brazilian Mining […]