Please wait...
GulfBase Live Support
- Oman's central bank issues treasury bills worth OMR33mn
- Boubyan Bank releases 2024 Annual Sustainability Report
- Burgan Bank launches 'Free Airport Ride' campaign for elite customers
- NIC recorded KD 14 million in profits, 17.3 fils EPS, marking a 139% growth in profitability
- Oman's electricity generation grows by 12.6%
- Qatar Stock Exchange index closes higher
- Qatari investors group's profits rise by 1.48%
- Kamco Invest boosts investment management ops with Bloomberg solutions
- Shaker Group posts robust H1 results; revenue hits record $205m
- Ooredoo launches Platform 51 on board Kuwait Airways flights
24/01/2018 07:22 AST
Saudi Arabia is set to build nine desalination plants on the Red Sea coast at an investment of more than SR2 billion ($530 million), said a report.
The plants will have capacity of 240,000 cu m of water per day and will be completed in less than 18 months, reported The Saudi Gazette citing Minister of Environment, Water and Agriculture Abdulrahman Al-Fadhli.
The project, which the minister said was ordered by Custodian of the Two Holy Mosques King Salman in a royal decree, will help government-owned Saudi Saline Water Conversion Corp (SWCC) raise production efficiency and cut operating and capital costs, stated Fadhli.
The Kingdom is the largest producer of desalinated water in the world.
According to SWCC, the Kingdom has raised its desalinated water production to five million cubic meters per day (m3/d) at the end of 2017.
Trade Arabia
| Ticker | Price | Volume |
|---|
05/08/2025
Oman's central bank raised OMR33 million by way of allotting treasury bills on Monday.
The value of the allotted Treasury bills include OMR5 million, for a maturity period of 28 days. The av
Times of Oman
05/08/2025
The Sultanate of Oman's total electricity generation recorded a significant growth of 12.6 percent by the end of May 2025, reaching 18,948.9 gigawatt per hour. This is an increase from 16,829.3 gigaw
Times of Oman
05/08/2025
The real estate transactions in Bahrain surged to BD775.2 million ($2.04 billion) during the first half from BD745.8 million last year, reported BNA, citing a senior official.
This marks a
Trade Arabia
05/08/2025
Dubai welcomed 9.88 million international overnight visitors from January to June 2025 - a 6% increase compared to the same period in 2024, according to data published by the Dubai Department of Econ
Trade Arabia
05/08/2025
The Saudi Ministry of Industry and Mineral Resources announced the establishment of a non-profit association focused on precious metals and gemstones, aimed at developing the industry and its product
Asharq Al Awsat
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia