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  • Saudi Aramco Energy Ventures helps heat transfer fluid specialist raise $5.9m

    An international company specializing in additives for industrial heating and cooling systems has raised $5.9 million from a round of funding led by Saudi Aramco Energy Ventures (SAEV) and the Progress Tech Transfer Fund (PTT). HT Materials Science (HTMS) produces heat transfer fluid additives which, when added to water and glycol heating and cooling systems, yield substantial improvements in energy use.

  • India boosts Gulf ties with Saudi drill

    Flag officer commanding India’s western fleet, Rear Admiral Ajay Kochhar, also held discussions with Saudi eastern fleet commander, Rear Admiral Majid Al Qahtani, at the King Abdul Aziz naval base. “Apart from strengthening bilateral military ties, the exercise will help the two navies understand each other’s operational practices,” said an officer.

  • Ethane shortages hit Saudi petrochemical producers

    Power outages at state-controlled Saudi Aramco last week have led to an ethane supply shortage, in turn affecting ethylene cracker operations at downstream petrochemical producers in Saudi Arabia.

  • How Saudi Arabia’s NEOM aims to be Bollywood’s next powerhouse production partner

    Bollywood remains one of the most dynamic film industries globally. Worth an estimated $2.4 billion in 2020, Bollywood produces more films annually than Hollywood, including many produced outside India. Like any filmmaker, Indian producers are always on the lookout for new, fresh locations that provide logistical support and production incentives to give producers a competitive advantage.

  • Saudi Arabia among few countries that offer digital visas

    The electronic multiple-entry visa is valid for one year from the date of issuance, and the online visa allows its holder 90-day stay after each entry into the Kingdom. It can be used for entry into Saudi Arabia through any of its seaports as well as through designated airports and land border checkpoints.

  • Saudi league aiming to replace China as Asia’s top drawcard

    “It was an honor to play for a big club like Guangzhou in China but I'm very happy to be in Saudi Arabia,” Talisca said after joining Al-Nassr. “There are a lot of great players coming here and the league has a lot of potential to grow. It's an exciting time to be here.”

  • Saudi Arabia has spent $27bn on citizen welfare program since 2017

    The welfare program is a national scheme aimed at protecting low-income Saudi households from the direct, indirect and expected impacts of the economic reforms taking place in the Kingdom through monthly cash transfers into their accounts. The program was launched following the structural reforms and removal and reduction of subsidies that accompanied the Saudi Vision 2030 plan.

  • Energy giant Saudi Aramco leads €5m investment in Irish company

    Saudi Aramco Energy Ventures co-led the investment in partnership with Progress Tech Transfer, a Luxembourg-based fund specialising in sustainable technologies.

  • Saudi Arabia rises 3 spots to number 61 in new FIFA World rankings

    The Green Falcons rise came on the back of three victories in the qualifiers for the 2022 World Cup and 2023 AFC Asian Cup, and and saw them jump three places from last month’s 64th spot.

  • Russian oil exports to US double than Saudi Arabia despite sanctions

    Russian fuel exports to the US are more than double the volumes sailed over by Saudi Arabia, which is focussing on the more lucrative Asian market. Russia kept the volumes steady to China. US imports of Russian crude were 185,000 b/d in the first half of the year, but 277,000 b/d in May, even more than the 255,000 b/d the Saudis landed.