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GCC Busines News_2023 IDC Kuwait CIO Summit
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Saudi Aramco to establish 2 offshore fabrication yards in Ras Al...

Saudi Arabian Oil Company (Aramco) is establishing two offshore fabrication yards that aim to deliver a more than 200 percent increase in the Kingdom’s...

Aramco’s Prosperity7 Ventures leads $95mn funding in Insilico Medicine

Insilico Medicine, a clinical-stage end-to-end artificial intelligence (AI)-driven drug discovery company in Hong Kong, has completed a second closing of its Series D round,...

Saudi Aramco & China’s Sinopec collaborate to develop potential sectors

Saudi Arabian Oil Company (Aramco) has signed a Memorandum of Understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec) covering multiple areas of potential...

Saudi Aramco to acquire Valvoline Global Products for $2.65bn

Saudi Arabian Oil Company (Aramco) has signed an equity purchase agreement to acquire the Global Products business of Valvoline for $2.65 billion. Valvoline Global Products...

Saudi Aramco expands Namaat industrial investment programs

Saudi Arabian Oil Company (Aramco) has announced a major expansion of its Namaat industrial investment programs, with 55 agreements and Memoranda of Understanding (MoUs)...

Saudi Aramco awards Zuluf Facilities’ EPC contract to Japan’s JGC

The oil giant, Saudi Aramco has awarded an engineering, procurement, and construction (EPC) contract to JGC Arabia, a Saudi-based subsidiary of Japanese global engineering...

4-Party JV to serve Saudi’s chemical market with raw materials

Baker Hughes, an American energy technology firm, the Saudi Arabian Industrial Investments Company (Dussur), Saudi Aramco, and Saudi Basic Industries Corporation (SABIC) have signed...

Saudi Aramco JV to build refinery & petrochemical complex in China

Saudi Aramco, the world’s largest oil-exporting company, has revealed that its joint venture in China will develop a major integrated refinery and petrochemical complex...
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