Week 35 – News Update from the Kingdom

Saudi Arabia has discovered two new oil and gas fields in the northern parts of the country. Minister of Energy Prince AbdulAziz Bin Salman announced on Sunday that the Saudi Aramco revealed two new oil and gas fields in the Northern Border and Al-Jouf regions. In other news, The Saudi Ministry of Municipal and Rural…
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Week 34 – News Update from the Kingdom

Saudi Arabia’s renewable energy sector could result up to 750,000 jobs over the next decade as the kingdom pushes to generate 7 per cent of its total electricity output from renewables by 2030. In other news, Saudi public sector employees will return to their workplaces on Sunday, Aug. 30, 2020, following an announcement by the…
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Week 33 – News Update from the Kingdom

Saudi Aramco stated that it would raise its domestic gasoline prices for August. Prices for 91 octane grade gasoline will increase to 1.43 riyals ($0.38) from 1.29 riyals, while 95 octane grade will increase to 1.60 riyals from 1.44 riyals. In other news, Saudi Arabia’s Royal Commission for Al-Ula announced in a statement that it…
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IBG Global Insights Forum

We are excited to be participating in the IBG Global Insights Forum: Increasing Your Global Business Development in the face of Post COVID-19’s Megatrends. The forum consists of 6 bi-weekly practical discussions by IBG’s global business specialists, including Arabian Enterprise Incubator’s Founder, Adam Hosier. The discussions will cover a series of topics related to internationalisation…
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Week 32 – News Update from the Kingdom

Saudi Aramco will pay a second-quarter dividend of $18.75 billion (Dh68.87bn) despite a 73.4 per cent fall in net profit due to lower oil prices and declining refining and chemicals margins during the coronavirus crisis. In other news, The Directorate General of Passports (Jawazat) announced that it has completed the automatic extension of the exit…
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