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Thursday, January 27, 2022
14/01/2022 Argaam Exclusive The US drilling rig count increased 11 units to 492 in the week ending Jan. 14, General Electric Co.’s Baker Hughes energy services firm said in its closely followed report on Friday. Meanwhile, the gas rig count rose two units to 109 in the week. Oil and gas exploration platforms - USA…
Nadhmi Al-Nasr, CEO of NEOM NEOM Co. started with its partners in ACWA Power to build green hydrogen facilities, as well as two research and innovation centers, Saudi Press Agency reported, citing Nadhmi Al-Nasr, CEO of NEOM. On the sidelines of Future Minerals Forum held in Riyadh, Al-Nasr said the first phase of the green…
Logo of Saudi Contractors Authority (SCA) The Saudi Contractors Authority's (SCA) board of directors decided to grant free membership to small and micro enterprises, which constitute nearly 98% of the enterprises operating in the contracting sector, Saudi Press Agency reported. In a statement, SCA said the enterprises will be given three months for registration from the…
Logo of Sakani program Sakani program announced that it targets 180,000 new families in 2022, through providing them with diversified housing solutions and options, Saudi Press Agency reported.  The program added that 130,000 out of the180,000 families will reside in their houses this year, noting that over 100,000 subsidized real estate loans will also be provided.…
17/01/2022 Argaam Exclusive Mouwasat Medical Services Co.'s board of directors recommended a 27.5% cash dividend at SAR 2.75 per share, for 2021, the company said in a bourse statement. Dividend Details (2021) Current Capital SAR 1 bln Number of shares 100 mln Dividend SAR 275 mln Percentage of capital 27.5% (equivalent to SAR 2.75 per…
The Kingdom of Saudi Arabia's flag Saudi Arabia’s Ministry of Investment issued 2,056 new investment licenses to foreign companies in the fourth quarter of 2021, a rise of 358% from 449 licenses a year earlier. The number of foreign investment licenses in Saudi Arabia increased by 38% year-on-year (YoY) to 478 in Q1 2021, by…
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A shopping cart Prices of 45 goods and services in Saudi Arabia decreased year-on-year (YoY) in December 2021, while prices of 117 out of 166 goods and services rose, data issued by the General Authority for Statistics (GASTAT) showed. Out of the 91 food products, local zucchini recorded the biggest rise by 28.65% YoY. It…
Logo of Real Estate General Authority (REGA) The Real Estate General Authority (REGA) corrected 380,690 of the 383,460 real estate announcements posted in 2021, accounting for 3.5% of the more than 11 million real estate ads it has monitored since the launch of real estate advertising controls and licensing standards for online real estate platforms.…
Yousef Al-Benyan, CEO of SABIC Yousef Al-Benyan, CEO of Saudi Basic Industries Corp. (SABIC), said the Saudi-Korean joint venture (JV), SABIC SK Nexlene, which is located in South Korea, with investments worth $2 billion, is nearing completion, Asharq News reported. He expects the JV to start production before the end of this year, with a…