Abu Dhabi National Energy Company PJSC (TAQA) and JERA Co., Inc. (JERA) have announced the successful financial closure of Najim Cogeneration Company Limited, marking a significant milestone in the development of a cutting-edge industrial steam and electricity cogeneration plant in Saudi Arabia. The new plant, located in Jubail within Saudi Arabia’s Eastern Province, will produce […]
Organon and Eli Lilly and Company have expanded their commercialization agreement for Emgality, a leading migraine treatment, into 11 additional markets, reinforcing their commitment to addressing one of the most prevalent neurological disorders worldwide. Organon and Eli Lilly Expand Emgality Agreement Organon, a global healthcare company with a focus on women’s health, and Eli Lilly […]
Recent allegations against Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS) claim that he forged his father King Salman’s signature to initiate the kingdom’s involvement in the Yemen war. Saad al-Jabri, a former senior Saudi intelligence official, made these accusations during a BBC interview and further detailed them in statements to other media outlets. Key […]
Oracle Corporation has announced the launch of its second public cloud region in Saudi Arabia, marking a significant milestone in the company’s ambitious expansion plans. The new cloud region, based in Riyadh, is part of Oracle’s broader strategy to invest US $1.5 billion to enhance the Kingdom’s cloud infrastructure, aligning with Saudi Vision 2030. This […]
In a transformative move for the global energy and petrochemicals markets, Aramco has secured a definitive agreement to acquire an additional 22.5% stake in Rabigh Refining and Petrochemical Co. (“Petro Rabigh”). The Saudi Arabian oil behemoth will purchase these shares from Sumitomo Chemical for $702 million, significantly increasing its stake in the integrated refining and […]
Dar Al-Handasah Consultants, also known as Shair and Partners and a part of Sidara, has announced a significant expansion of its consultancy services for Saudi Aramco under an amended framework agreement. Awarded in December 2023, the agreement extends Dar’s role in providing comprehensive consultancy services, including engineering, design, project management, and multidisciplinary support for both […]
European Lithium Limited (ASX: EUR, FRA: PF8, OTC: EULIF), a key player in the lithium industry, has announced a significant advancement in its global strategy by signing a Shareholders Agreement with Obeikan Group for Investment Company. This partnership is set to establish a state-of-the-art lithium hydroxide processing plant in the Kingdom of Saudi Arabia, leveraging […]
Aramco, Saudi Arabia’s state-owned oil company, has unveiled a substantial investment of over $25 billion to significantly enhance its gas operations, with aims to boost sales gas production by over 60% by 2030 compared to 2021. The newly announced investments are earmarked for the second phase of the Jafurah unconventional gas field development, the third […]
In a major step toward bolstering Saudi Arabia’s renewable energy capabilities, ACWA Power, together with the Water and Electricity Holding Company (Badeel) and Saudi Aramco Power Company (SAPCO), has announced the signing of power purchase agreements (PPAs) with the Saudi Power Procurement Company (SPPC). These agreements, valued at SAR12.3 billion (approximately USD3.3 billion), pave the […]
In a significant move toward its 2060 net-zero goals, Saudi Arabia has entrusted Siemens Energy with a $1.5 billion project to develop two of the world’s largest and most efficient combined-cycle power plants. This strategic development aims to enhance the Kingdom’s energy supply with a nearly 4 gigawatts capacity boost, facilitated by the construction of […]