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Oil & Gas

ExxonMobil and Aramco assess Samref refinery conversion into integrated petrochemical hub in Yanbu

ExxonMobil, Aramco and Samref have signed a Venture Framework Agreement to evaluate upgrading the Yanbu-based refinery into an integrated refining and petrochemical complex. The initiative would enhance crude-to-chemicals conversion, improve energy efficiency and support lower-emission operations, subject to further studies and approvals.

Saudi Arabia | 4 days ago

Oil & Gas

Saudi energy firms formalize upstream service and field development deals with Syria

Four Saudi energy companies - TAQA, ADES Holding, Arabian Drilling and ARGAS, have signed agreements with the Syrian Petroleum Company covering gas field development, drilling, seismic surveys and integrated oilfield services. The arrangements aim to raise production across key Syrian gas assets under Saudi Ministry of Energy oversight.

4 days ago • Saudi Arabia;Syrian Arab Republic

Food

Bangladesh showcases food sector at top Saudi expo to diversify beyond garment-led exports

Bangladesh has made its first appearance at AgroFood Jeddah to expand exports beyond garments and tap Saudi Arabia’s growing food import demand. The participation marks a strategic push to diversify trade flows and leverage the Kingdom’s large Bangladeshi expatriate population.

4 days ago • Saudi Arabia

Investments & Funding

Al-Baha accelerates regional industrial strategy with SR89 million MODON-backed infrastructure expansion

Saudi Arabia’s Al-Baha region has launched SR89 million in industrial infrastructure projects at its First Industrial City, targeting investment attraction, SME growth, and mining sector development. The initiative aligns with Vision 2030 objectives to diversify regional economies and strengthen industrial competitiveness.

4 days ago • Saudi Arabia

Islamic Finance

Aramco strengthens liquidity position with USD 3 billion dual-tranche SUKUK listing in London

Saudi energy major Aramco has secured USD 3 billion through a two-part sukuk issuance listed on the London Stock Exchange. The transaction underscores sustained global appetite for high-grade Islamic debt and enhances the company’s funding flexibility amid evolving energy market dynamics.

4 days ago • Saudi Arabia

Construction

Ministry of National Guard issues tender for rainwater drainage network in Riyadh medical warehouses

Saudi Arabia’s Ministry of National Guard - Health Affairs has launched a tender to establish a rainwater drainage network at King Abdulaziz Medical City in Riyadh. The project aims to enhance infrastructure resilience and operational efficiency across medical storage facilities, supporting continuity of healthcare services.

4 days ago • Saudi Arabia

Latest News

Transportation | 2 hours ago

NHAI awards HAM-based Odisha ring road contract to H.G. Infra Engineering

India’s highway authority has issued a project award to H.G. Infra Engineering for a six-lane access-controlled ring road segment in Odisha under the HAM framework, expanding the contractor’s order book and reinforcing long-term annuity-led infrastructure development in eastern India.

Business & Corporate | 3 hours ago

AFDB commits EUR 6.5 million to Saviu II to scale early-stage tech ventures in Francophone Africa

The African Development Bank Group has approved a EUR 6.5 million commitment to the Saviu II venture capital fund to strengthen seed-stage technology financing in Francophone West and Central Africa. The investment, supported by the European Commission under Boost Africa, aims to accelerate digital entrepreneurship and regional market integration.

Industry & Manufacturing | 2 hours ago

STRABAG subsidiary ZÜBLIN wins major Codelco contracts for Chuquicamata underground expansion

STRABAG’s subsidiary ZÜBLIN has secured two large-scale contracts from Codelco to advance the underground transformation of the Chuquicamata copper mine in Chile. The project includes more than 54 kilometres of tunnelling and critical infrastructure works, with completion targeted for 2031 and a workforce of around 1,200.

Agriculture & Food | 2 hours ago

Mizoram tables ₹174.7 billion FY27 budget prioritising agriculture and connectivity

Mizoram has proposed a ₹174.7 billion budget for FY2026–27, with allocations focused on agriculture, connectivity and social infrastructure. The plan includes continued funding for farmer support programmes and supplementary grants of ₹37.24 billion for the current fiscal, reflecting a calibrated approach to fiscal management and development spending.