The EDITDA of $1bn benefited from OPEX saving of $28m.
The company aims to reach 142 operational rigs this year.
The UAE marks one year since normalising ties with Israel today as the leaders hope the Abraham Accords could reap...The economic benefits have come quickly for the UAE and Israel after the US-brokered Abraham Accords
Both have signed a series of deals ranging from tourism to aviation and financial services
The activists want the company to do more to address climate concernsThe US oil giant said it would more than triple spending through 2028 to $10 billion on its "lower carbon” businesses.
Like its US rival ExxonMobil, Chevron has faced intensifying pressure from environmentalists
Apple Inc today revealed iPhone 13, Series 7 smart watch, and an iPad Mini with 5G connectivity. The iPhones will...iPhone 13 will have custom 5G antennas and radio components
The Series 7 smart watch will feature a larger display and will start at $399
ACWA Power of Saudi Arabia intends to raise nearly $1.2 billion through Initial Public Offering (IPO), and in this regard...The listing will value ACWA at up to $11 billion – making it the biggest offering in Riyadh since Saudi Aramco’s listi
The firm has 64 projects in 13 countries, representing a value of $248 billion
Gulf Islamic Investments (GII) of Dubai is looking to pick up a stake in a Saudi healthcare company for $600...The UAE-based financial services firm plans $1bln expansion in the Kingdom
'We have a lot of faith in Saudi,' says the company’s co-founder Mohammed Alhassan
The memorandum is said to be in line with Kuwait Vision 2035 and the national development plan 2021-2025.For Kuwait, Finance Minister and Minister of State for Economic and Investment Affairs Khalifa Hamadah signed the memorandum
World Bank’s Regional Director for Saudi Arabia and the Arab Gulf Countries, Esam Abo-Sulaiman was the co-signatory
The meeting was held on Monday at the premises of the OCCI in Muscat.The Oman Chamber of Commerce and Industry has had a meeting with a visiting Austrian delegation
They discussed ways of upgrading economic cooperation and establishing joint investments
The pandemic might have battered other sectors of the world economy, but the shipping industry has raked in revenues not...Jump in earnings has been caused due to a 333% hike in shipping cost
The hike in cargo charges, however, has raised the specter of inflation around the globe
Halliburton, the US oil field service giant, is in the final stages of building the first reactor plant for the...Halliburton is close to completing the construction of the first reactor plant for the manufacture of chemicals in King Salman Energy City "Spark" in Jubail
Three of Halliburton's senior executives on Monday held a workshop in the Eastern Province to introduce Saudi investors to the factory's activity
Prominent media houses that have announced plans to move their base from Dubai to Riyadh include the state-owned Al Arabiya...The proposed media city is coming up on an area of 60,000 sq m at Al Safarat (Diplomatic Quarter) in Riyadh
The MBC Group, the largest media company in the Middle East, was established in Britain in 1991 and moved to Dubai in 2002
