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Saudi Electricity to start tendering for Riyadh plant (Arab News - 31/08/2016)

Saudi Electricity Co. (SEC) will likely delay the planned expansion of its Jeddah South power plant, but is still expected to start tendering for a plant near Riyadh by the end of the year, said industry sources. The utility is trying to keep up with

Tadawul: SABIC shares gain 0.9% (Arab News - 22/08/2016)

Most Gulf stock markets edged down on Sunday despite strength in some Saudi Arabian petrochemical shares, while Telecom Egypt boosted Egypt’s bourse slightly. Brent crude oil closed above $50 a barrel on Thursday and Friday for the first time since July

ACWA Power raises credit facility (Arab News - 22/08/2016)

Water and project developer ACWA Power said it has increased its 2015 revolving credit facility by SR600 million to SR1.309 billion. Saudi Hollandi Bank (SHB) funded all of the enhanced facility and the total facility is available until the third

Taqa Q2 net loss widens to $160m (Reuters - 10/08/2016)

Abu Dhabi National Energy Co (Taqa), the state-owned oil explorer and power supplier, on Wednesday reported a second-quarter net loss of Dh588 million ($160.2 million), as it was hit by low oil prices. This compares with a net loss of Dh421 million in

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