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- Bahrain All Share Index, Islamic Index close lower
- Omantel launches "Otech" as provider of technologies of future, enabler of digital transformation
- Three industrial projects begin operations in Salalah Free Zone with investments exceeding OMR5 million
- NBK concludes Its Participation in the Innovation Challenge Program
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- Investcorp Capital H1 operating income up 16% to $52m
- Taqa records total net income of Dh7.5 billion for 2025
- Oil prices tumble more than $1 as IEA cuts demand forecast
05/12/2025 03:13 AST
The first phase of oil giant Aramco's Jafurah gas plant is complete and production has begun with a capacity of 450 million cubic feet per day, the Saudi finance ministry said on Tuesday.
The finance ministry, in its 2026 budget statement, listed the milestone as an achievement reached in 2025.
Jafurah's gas output will be used for domestic power generation, freeing up crude for export that is currently used for power in the kingdom.
Aramco has said its unconventional gas program at peak production is expected to generate electricity equivalent to displacing 500,000 barrels per day of oil.
The $100 billion Jafurah project, estimated to contain 229 trillion standard cubic feet of raw gas, is central to Aramco's ambitions to become a major global player in natural gas and boost its gas production capacity.
Aramco's gas production was 12.6 billion cubic feet per day at the end of September, up from 12 bcfd a year earlier.
Aramco last month said it was boosting its gas growth target to 80% above 2021 levels from a previous targeted growth of 60%.
In its 2021 annual report, Aramco said it reached a single-day record gas output at the time of 10.8 bcfd.
Aramco CEO Amin Nasser, who has called Jafurah a crown jewel in the company's portfolio, said during an earnings call last month the first phase was on track for completion by the end of this year.
Asharq Al Awsat
13/02/2026
Aramco, one of the world's leading integrated energy and chemicals companies, and Microsoft have signed a non-binding memorandum of understanding (MoU) to help Aramco explore a series of digital init
Trade Arabia
12/02/2026
Saudi Aramco said its supply chain localization program has reached a target of 70 percent local content, underscoring the company's push to deepen domestic industrial capacity.
The state
Arab News
04/02/2026
Saudi Aramco raised $4 billion through a multi-tranche bond sale, extending its run of international debt offerings as the world's largest oil exporter taps strong investor appetite for Gulf investme
Arab News
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ADNOCGAS | 3.36 | 0.02 (0.59 |
| ADNOCDRILL | 5.49 | 0.09 (1.66 |
| BAHRI | 29.50 | 0.00 (0.00 |
| ADES | 16.97 | 0.12 (0.71 |
| NMDCENR | 2.40 | 0.01 (0.41 |
13/02/2026
Omantel yesterday launched "Otech," the Provider of Technologies of the Future and Enabler of Digital Transformation. This move comes as part of national efforts to accelerate digital transformation
Times of Oman
13/02/2026
The National Bank of Kuwait concluded its participation in the Innovation Challenge Program, organized by the Kuwait Foundation for the Advancement of Sciences, for the tenth consecutive year, in col
Kuwait Times
13/02/2026
Batelco by Beyon has announced the renewal of its strategic partnership with the Gulf Cooperation Council Interconnection Authority (GCCIA) during Capacity Middle East.
This renewal undersc
Trade Arabia
13/02/2026
Adnoc Drilling reported its strongest year on record in 2025, posting a net profit of $1.45 billion as the company accelerated its regional expansion, ramped up technology-driven efficiencies and del
Khaleej Times
13/02/2026
Investcorp Capital (ICAP), an Abu Dhabi Securities Exchange (ADX)-listed alternative investment company founded by the Investcorp Holdings group, reported a total operating income of $52 million, an
Trade Arabia
Financial Information Co.
Saudi Arabia