A manager of Aker Solutions’ Malaysian operating unit, Mohd Yusof Ab Rahman, was charged in the sessions court in Kuala Lumpur, Malaysia with falsifying documents in the company’s application for …
HSBC deepens ties with Saudi rulers: Canary Wharf approves $10bn loan so mass polluter Saudi Aramco can expand
HSBC is in line to finance a $10bn revolving credit facility to one of the world’s biggest polluters, the Saudi Arabian Oil Company, or Saudi Aramco, …
Seminal Works From Influential Saudi Contemporary Artists Exhibited in the Extraordinary Desert Setting of AlUla
For ‘What Lies Within’, pieces from the past two decades by 17 artists from the collection of Saudi patron and collector Basma AlSulaiman will be on display, curated by artist Lulwah AlHomoud. Shadia …
Aramco tops Arab companies on Brand Finance Global 500 list
Following a difficult period for the oil and gas sector as a result of the COVID-19 pandemic, Aramco placed 31st in the list and is the only Arab company in the top 100 of the world’s 500 most valuabl …
Financial inclusion gets a boost from e-transaction hub
Around 26.7 million individuals under 16 social safety net programs are now receiving funds through the digital platform …
Saudi power plant secures $1.2bn refinancing
The Dhuruma Electricity Company, led by a consortium comprising Saudi Electric Company (SEC), Engie, Sojitz of Japan, and Al Jomaih Energy and Water, has managed to complete the refinancing of $1.2 …
SEC-Engie consortium closes $1.2bn Saudi plant refinance deal
Saudi Electric Company (SEC) has announced that its consortium with French and Japanese partners has successfully completed the refinancing of $1.2 billion debt for its combined cycle gas-fired PP11 …
U.N. chief tells Security Council: Afghanistan ‘hanging by thread’
Afghanistan is “hanging by a thread,” with millions suffering extreme hunger, education and social services on the brink of collapse and a lack of liquidity limiting the capacity to reach people in …
Eliminating Sanctions On the Taliban Won’t Solve Afghanistan’s Deepening Humanitarian Crisis
Since the U.S. withdrawal from Afghanistan last year, the country has been mired in a severe humanitarian crisis that could devolve into one of the worst …
UN secretary-general says Afghanistan ‘hanging by a thread’
U.N.’s Secretary-General Antonio Guterres on Wednesday said that Afghanistan is currently “hanging by a thread” months after the Taliban takeover, Reuters reported. In a meeting with the UN’s …