• Alstom wins $978m power contract for Yanbu 3 plant

    JEDDAH – Global energy and transport giant Alstom has been awarded a $978m contract to supply equipment for the Yanbu 3 power and desalination plant.

    This will be one of the country’s first supercritical power plants to run on heavy …

  • Alwaleed receives Canadian minister

    Prince Alwaleed Bin Talal, Chairman of Kingdom Holding Company (KHC), receives at his office in Riyadh Ed Fast, Canadian Minister of International Trade and Minister for the Asia-Pacific Gateway, and his delegation including Thomas Macdonald, Canadian Ambassador to Saudi Arabia. …

  • Jeddah to host Construction Machinery Show 2013

    JEDDAH is set to host the Construction Machinery Show on April 14–17, 2013. Organized by the Dubai-based publishing house CPI, along with the well known Saudi exhibitions organizer, Al-Harithy Company for Exhibition (ACE), the event will run in conjunction with …

  • Tadawul dips; Ma’aden sinks on earnings

    RIYADH – Saudi Arabia’s benchmark stock index snapped a three-day gain as petrochemical companies and banks led declines.

    Saudi Arabian Mining Co. (Ma’aden) tumbled 2.35 percent, the most since Feb. 6, to SR33.30 in the first trading day after announcing …

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