Saudi Arabia

SINGAPORE (Feb 13): Hyflux announced Monday that wholly-owned subsidiary Hydrochem Saudi Limited has signed a Memorandum of Understanding (MOU) to develop three seawater reverse osmosis desalination plants in the Kingdom of Saudi Arabia.

SINGAPORE (Jan 12): Saudi Arabia was said to cut February crude sales to China and southern Asian nations while largely sparing countries including Japan and South Korea, as it curbs supply as part of a deal between OPEC and other producers.

(Dec 13): Oil advanced to the highest since July 2015 after Saudi Arabia signaled it’s ready to cut output more than earlier agreed and non-OPEC countries including Russia pledged to pump less next year.

DUBAI/MOSCOW/LONDON (Nov 30): An OPEC deal to curtail oil production and prop up global prices appeared in jeopardy as Iran said it won’t make cuts while Saudi Arabia insisted Tehran must be willing to play a meaningful role in any agreement.

SINGAPORE (Oct 14): SoftBank Group Corp. said it will form a new fund to invest as much as US$100 billion ($138 billion) in the global technology industry in the next five years, partnering with Saudi Arabia’s public investment fund to find tech compani

LONDON (Sept 6): Oil rallied by up to five per cent on Monday as top global producers Russia and Saudi Arabia vowed to stabilise the market after meeting at the G20 in China.

SINGAPORE (Aug 30): OCBC Investment Research is keeping its “hold” call on SATS and raising its fair value to $4.70 from $4.20 previously, based on the group’s current lofty valuations.   

SINGAPORE (Aug 23): Shares of SATS are up 0.6% to $4.83 after announcing that it has won a tender to build and operate a cargo terminal at Dammam in Saudi Arabia.

SINGAPORE (Aug 22): Ground handling and inflight catering service provider SATS has been awarded a tender to build and operate a cargo terminal within Saudi Arabia’s new cargo village in Dammam, which is in the vicinity of King Fahd International Airpor