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Saudi Aramco Signs 16 Contracts for Community Maintenance

The logo of Saudi Aramco is seen at Aramco headquarters in Dhahran, Saudi Arabia. (Reuters)
The logo of Saudi Aramco is seen at Aramco headquarters in Dhahran, Saudi Arabia. (Reuters)
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Saudi Aramco Signs 16 Contracts for Community Maintenance

The logo of Saudi Aramco is seen at Aramco headquarters in Dhahran, Saudi Arabia. (Reuters)
The logo of Saudi Aramco is seen at Aramco headquarters in Dhahran, Saudi Arabia. (Reuters)

Saudi Aramco signed on Monday 16 contracts to maintain and operate facilities in its community facilities with seven companies over the next 10 years.

The company signed contracts with Al-Yamama Company for Trading and Contracting; Arabian Fal Holding Company; Abdulwahab Mansour Al-Moallam Sons Company; Rezayat Company Ltd; Al-Tamimi Global Company for Services and Maintenance; SRACO Company; and Nesma and Partners Contracting Company Ltd.

“The contracts are in line with Saudi Aramco’s continuous efforts to develop its community facilities and increase their efficiency while maintaining the highest safety standards,” said Saudi Aramco Community Services Vice President Mohammed Al-Shammary.

“In addition, the contracts will create job opportunities for Saudi graduates of the National Training Center for Facilities and Hospitality Management (FHM) that was co-established by Saudi Aramco,” he added.

The FHM was established by Saudi Aramco in partnership with the Saudi Technical and Vocational Training Corporation and the Saudi Commission for Tourism and National Heritage in 2017.

It invests in the potential of the hospitality management sector to provide employment opportunities for national cadres through offering internationally accredited training programs.

“These contracts are beginning to fulfill their commitment to provide the best services in various standards,” added Shammary.

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Russia’s Inflation Reaches 9.5% This Year, Weekly Data Shows

Pedestrians walk to an underground passage at Manezhnaya Square decorated for Christmas and the New Year festivities with the Historical Museum and the Kremlin Wall in the background in Moscow, Russia, Monday, Dec. 23, 2024. (AP)
Pedestrians walk to an underground passage at Manezhnaya Square decorated for Christmas and the New Year festivities with the Historical Museum and the Kremlin Wall in the background in Moscow, Russia, Monday, Dec. 23, 2024. (AP)
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Russia’s Inflation Reaches 9.5% This Year, Weekly Data Shows

Pedestrians walk to an underground passage at Manezhnaya Square decorated for Christmas and the New Year festivities with the Historical Museum and the Kremlin Wall in the background in Moscow, Russia, Monday, Dec. 23, 2024. (AP)
Pedestrians walk to an underground passage at Manezhnaya Square decorated for Christmas and the New Year festivities with the Historical Museum and the Kremlin Wall in the background in Moscow, Russia, Monday, Dec. 23, 2024. (AP)

Russia's inflation has reached 9.5% this year, according to new weekly data showing that the consumer price index rose by 0.33% in the week leading up to Dec. 23, the statistical agency Rosstat reported on Wednesday.

This data follows the central bank's unexpected decision last week to maintain its key interest rate at 21%. The regulator said recent tightening has created conditions conducive to reducing inflation towards its target of 4%.

The agency indicated that seasonally volatile prices for fruit and vegetables contributed significantly to the overall increase, with cucumber prices rising by 8.3% and tomato prices by 1.9% in just one week.

Among less seasonally sensitive foods, the price of eggs increased by 1.7%, and frozen fish by 1.4%. The central bank had initially estimated this year's inflation at a maximum of 8.5%.

The central bank's monetary policy department's head Andrei Gangan told the Interfax news agency on Dec. 24 that full-year inflation will be between 9.6% and 9.8%.

Inflationary expectations among households for the coming year also reached 13.9% in December, the highest level since the beginning of the year.

In a report on its inflationary expectations survey, the central bank said respondents were most concerned about rising prices for milk, dairy products, eggs, meat, and fish.

It also said respondents have begun to notice increases in the prices of home appliances and electronic devices.