Category: Corporate News

Aramco has introduced four Business Line Executive Vice President (EVP) roles across its Upstream and Downstream sectors, effective September 1, 2023. The appointments align with its July restructuring to bolster global operations and long-term strategic goals. The new EVPs will report directly to the respective Upstream and Downstream Presidents. Factbox: – Effective Date: September 1, […]

Aramco, TotalEnergies, and SABIC have pioneered the Middle East and North Africa’s first ISCC+ certified circular polymers using oil derived from plastic waste. Processed at Saudi Arabia’s SATORP refinery and PETROKEMYA facilities, the breakthrough supports domestic recycling infrastructure and tackles non-recyclable plastics, aligning with regional sustainability goals and global net-zero commitments. Factbox (50w): – First […]

Intro: Saudi Arabia’s Ma’aden, backed by PIF, has launched strategic partnerships with Ivanhoe Electric and Barrick Gold to boost mineral exploration and secure critical supply chains for energy transition. The deals include a $126M stake in Ivanhoe, cutting-edge tech integration, and JVs targeting copper, gold, and nickel in Saudi Arabia. Factbox (50w): – $126M Investment: […]

Saudi Arabia’s Ma’aden has invested $126 million for a 9.9% stake in Ivanhoe Electric (NYSE: IE), forming a 50:50 joint venture to explore copper, gold, nickel, and silver in Saudi Arabia. The deal grants Ma’aden access to IE’s proprietary Typhoon™ tech, accelerating mineral exploration aligned with Vision 2030 goals. Factbox (50 words): – Investment: $126m […]

Saudi Arabia’s Ma’aden and the Public Investment Fund (PIF) unveiled a joint venture to invest in global mining assets, targeting strategic minerals like iron ore, copper, nickel, and lithium. The 51%-49% partnership aligns with Vision 2030 goals, bolstering supply chains and securing resources for Saudi industrialization and global market resilience. Factbox: • Ownership: Ma’aden (51%), […]

Título: Four Seasons Riyadh Unveils Major Renovation Saudi Tourism Minister Ahmed Al-Khateeb inaugurated the first phase of the Four Seasons Hotel Riyadh’s expansion, backed by a 255 million SAR investment. The revamp aims to elevate luxury services and align with Saudi Arabia’s booming tourism sector. Dignitaries, including HRH Prince Al-Waleed Bin Talal, toured the redesigned […]

Aramco reported $31.9 billion in Q1 2023 net income, with a 4% dividend increase to $19.5 billion and plans for performance-linked payouts. Despite lower earnings year-on-year, robust cash flow and strategic downstream expansions in the U.S., China, and South Korea underscore resilience. A landmark partnership with Linde Engineering aims to advance ammonia cracking tech, aligning […]