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.



Egypt Raises Gasoline, Diesel Prices for 3rd Time this Year

A gas station in Egypt. AFP file photo
A gas station in Egypt. AFP file photo
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Egypt Raises Gasoline, Diesel Prices for 3rd Time this Year

A gas station in Egypt. AFP file photo
A gas station in Egypt. AFP file photo

Egypt raised prices on a wide range of fuel products early on Friday, the petroleum ministry said, marking the third such increase this year.
Prices for diesel fuel, one of the most commonly used fuels in the country, were raised by 17% to 13.50 Egyptian pounds ($0.2779) per liter from 11.50 pounds.
Gasoline prices increased from 11% to 13% depending on the grade, with 80 octane gasoline rising to 13.75 Egyptian pounds, 92 octane to 15.25 pounds, and 95 octane to 17 pounds.
Prime Minister Mostafa Madbouly said in July that prices of petroleum products will gradually increase until the end of 2025, adding that the government could no longer bear the burden of paying the subsidies on fuels amid increasing consumption.
But the government's fuel pricing committee, which typically convenes each quarter, said on Friday its next meeting will be held in six months.