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Saudi Electricity Secures $1.75bn Loan

Saudi Electricity Secures $1.75bn Loan

London- Minutes after signing the greatest joint international funding agreement in the history of Saudi Electricity Company (SEC), Ziyad Mohammed Al-Shiha, president and chief executive officer of SEC, described the deal as an international expression of trust in the...
Saudi Arabia Pushes for Wind Energy Project

Saudi Arabia Pushes for Wind Energy Project

Riyadh- Advancing renewable energy in the desert nation, Saudi Arabia announced on Sunday moving forward with the first of a kind wind energy project. The move comes to embolden the private sector’s contribution to the vital domain of green energy. Energy and industry...
Egypt: Major Increase in Electricity Prices

Egypt: Major Increase in Electricity Prices

Cairo- Egypt announced a major increase (18-42 percent) in electricity prices on Thursday as authorities continue to implement an IMF-backed economic reform package. Electricity Minister Mohamed Shaker announced the increase during a news conference, noting the...
Aramco, Hyundai, Dussur to Make Engines and Pumps

Aramco, Hyundai, Dussur to Make Engines and Pumps

Dammam- Saudi Aramco, Dussur and Hyundai said they had signed a memorandum of understanding to make engines and pumps in the kingdom. In a joint statement, the three companies said the MoU stipulates that the mentioned parties cooperate in establishing a joint project...