Environment & Energy | Monday 4 January, 2016 9:17 am

Energy reforms to hit Maaden’s 2016 profit by SR120m

Saudi Arabian Mining Co. (Maaden) said that changes to energy and gas feedstock prices announced by the government last week would reduce its profit in 2016 by around SR120 million($32 million). The company said in the bourse filing that it would continue implementing its strategy to boost...

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Environment & Energy | Sunday 3 January, 2016 11:02 am

Wind and solar power soar in spite of bargain prices for fossil fuels

Wind and solar power appear set for a record-breaking year in 2016 as a clean-energy construction boom gains momentum in spite of a global glut of cheap fossil fuels. Installations of wind turbines and solar panels soared in 2015 as utility companies went on a worldwide building binge, taking...

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Environment & Energy | Friday 1 January, 2016 1:48 am

People asked to stay away from valleys

The Presidency of Meteorology and Environmental (PME) on Thursday warned of low and medium-altitude clouds that are expected to form over Taif province and its surrounding areas, interspersed with rain-bearing storm clouds and active surface wind, which will continue until late...

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Environment & Energy | Thursday 31 December, 2015 3:04 am

Saudi Arabia Won’t Change Oil Production Policy

Saudi Arabian Oil Minister Ali Al-Naimi said the kingdom, the world’s top crude exporter, does not limit its output and has the capacity to meet additional demand, the Wall Street Journal reported on Wednesday. “We will satisfy the demand of our customers. We no longer limit...

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Environment & Energy | Tuesday 29 December, 2015 6:00 am

Kingdom’s Petchem industry will adjust to energy price rise

Saudi Aramco’s Chairman Khalid Al-Falih said he is confident that local industries, including the Saudi petrochemical sector, would adjust to the rise in domestic energy prices and remain competitive. Earlier, the government said it was hiking prices for fuels, water and electricity as...

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Environment & Energy | Tuesday 29 December, 2015 5:39 am

Aramco to build world’s largest gas complex

Saudi Aramco intends to build the largest industrial complex for gas in the world a cost of $2.1 billion in Jazan. The new project will supply 20,000 metric tons of oxygen and 55,000 metric tons of nitrogen to its Jazan refinery for 20 years.  The production capacity of the new Aramco oil...

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Environment & Energy | Tuesday 29 December, 2015 3:36 am

Up to 50% hike in fuel prices from today

The Council of Ministers on Monday decided to increase petrol prices by more than 50 percent for some products from Tuesday. The price of lower-grade petrol (Octane 91) for a liter was increased to 75 halalas from the current 45 halalas, a 67 percent rise, while the price of higher-grade...

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Environment & Energy | Tuesday 29 December, 2015 2:20 am

Kingdom unveils SR840bn budget

Saudi Arabia on Monday unveiled a SR840 billion budget, launching a phase in which the Kingdom hopes to further diversify its revenues in an era of low oil prices.   “Our economy has the potential to meet challenges,” Custodian of the Two Holy Mosques King Salman said in his...

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Environment & Energy | Sunday 27 December, 2015 2:40 pm

DEWA organises the first Dubai Solar Show in conjunction with WETEX 2016

Dubai Electricity and Water Authority (DEWA) is organising the first Dubai Solar Show, in conjunction with the 18th  Water, Energy, Technology, and Environment Exhibition (WETEX 2016), which is organised under the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime ...

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Environment & Energy | Saturday 26 December, 2015 12:18 pm

Capital in grip of chilly, wet weather

The cold spell, chilly wind and wet conditions continued in Riyadh Friday, forcing people to stay indoors and the government issuing warnings of slippery roads and flooding in low-lying areas. The temperature fell below 10 degrees Celsius, with a strong wind causing even chillier conditions as...

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