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AMC launches Saudi Arabia’s first cinema loyalty program
AMC currently operates two theaters in Riyadh. According to Adom Aron, CEO of AMC, the company plans to open between eight and 10 theaters by June, between 12 and 20 theaters next year, and 50 theaters in the next three to four years.
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Sami Alahmadi named second Saudi Rhodes Scholar
Sami Alahmadi, 23, who grew up in Hickory Hills. has been selected as the second Rhodes Scholar to represent Saudi Arabia, where he was born.
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Saudi Arabia tops donor states to Yemeni aid fund
The total funding of Saudi Arabia was $968.4 million, representing 28 percent of the YHRP, with the US coming second with a donation of $907.6 million (26 percent).
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Saudi Arabia Says It Slashed December Oil Production By 300,000 Bpd
OPEC’s largest producer and de facto leader, Saudi Arabia, told the cartel that its December crude oil production dropped by nearly 300,000 bpd from November to 9.594 million bpd, a much steeper decline than OPEC’s secondary-sources estimate of an 111,000-bpd fall, the organization’s Monthly Oil Market Report (MOMR) showed on Wednesday.
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Saudi Arabia and UAE moving into hydraulic fracturing
The agreement establishes an alliance between TAQA and UAE-based AlMansoori Petroleum Services to provide high-end fully-integrated fracturing and stimulation solutions
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Aramco Trading Company hires LNG trading manager -sources
The Saudi state oil giant plans to become a major global gas player and has been developing its own gas resources as well as eyeing gas assets in the United States, Russia, Australia and Africa, its chief executive officer and the Saudi energy minister have said.
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Saudi Aramco still betting on oil expansions, says GlobalData
Somayeh Davodi, Oil and Gas Analyst at GlobalData, comments: “The major expansions at Saudi Aramco’s offshore oil fields of Marjan, Zuluf, Safaniyah and Berri are expected to comprise the majority of the company’s upstream investment over the next three years. Although these developments will also add gas and NGL capacity, the main addition will be oil.”
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As Aramco hails record IPO, Abu Dhabi’s ADNOC whips up $19 billion
However the Abu Dhabi National Oil Company, to give its full name, has raised more than $19 billion over the past three years from overseas investors, according to Reuters calculations based on publicly released size of investments, signing fees and share sales.
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Saudi’s Flynas sees 15% rise in air passengers in 2019
Saudi’s national airline Flynas has seen a 15% rise in travellers in 2019 at 7.9 million compared to 6.6 million in 2018, according to the Saudi Gazette.
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Saudi Arabia to issue more MVNO licenses
The RFP document indicated that companies awarded with a MVNO license will gain access to a market of more than 43.8 million mobile subscribers, with a mobile penetration rate of 129 percent of the total population.
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