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Business

Exxonmobil, SABIC Start Operations at Gulf Coast Manufacturing Facility

Exxonmobil, SABIC Start Operations at Gulf Coast Manufacturing Facility

ExxonMobil and SABIC announced on Thursday the successful startup of Gulf Coast Growth Ventures world-scale manufacturing facility in San Patricio County, Texas. The new facility will produce materials used in packaging, agricultural film, construction materials, clothing, and automotive coolants

Experts: Launch of ‘Boutique Group’ Enhances Tourism Gains by Reviving Heritage

Experts: Launch of ‘Boutique Group’ Enhances Tourism Gains by Reviving Heritage

Saudi Arabia’s Crown Prince Mohammed bin Salman has unveiled ‘Boutique Group’ to develop historical palaces into luxury boutique hotels, the Kingdom’s Public Investment Fund (PIF) announced on Thursday. Boutique Group is a “a new hospitality brand that will manage and convert a collection of icon

Saudi Arabia to Develop Hydrogen-Based Transport

The Ministry of Energy signed on Thursday eight memoranda of understanding (MoUs) with several entities for implementing pilot projects for hydrogen fuel cell-based cars, buses and trains, transportation applications, and sustainable jet fuel production in selected areas and on roads in various citi

Aramco Signs 10 Agreements during Saudi-Korean Investment Forum

Aramco Signs 10 Agreements during Saudi-Korean Investment Forum

Saudi Aramco has signed one agreement and nine Memoranda of Understanding (MoUs) with leading Korean entities to advance its downstream strategy and support development of low-carbon energy solutions, while creating new financing options for the company. The agreements were announced on Tuesday o

Saudi PIF Signs MoU to Develop Green Hydrogen Production

Saudi PIF Signs MoU to Develop Green Hydrogen Production

The Saudi Public Investment Fund (PIF), POSCO and Samsung C&T Corporation Engineering & Construction Group (Samsung C&T) announced on Tuesday the signing of a three-party MoU with the goal of developing a project to produce green hydrogen for export.

UN: World Tourism Won't Return to Pre-pandemic Levels Until 2024

UN: World Tourism Won't Return to Pre-pandemic Levels Until 2024

Tourism arrivals around the world are not expected to return to their pre-pandemic levels until 2024 at the earliest, the World Tourism Organization said Tuesday. The highly contagious Omicron variant, though mild, will "disrupt the recovery" in early 2022 after last year saw four percent growth

UAE Aims to Reduce Carbon Emissions Through Transition to Future Energy

UAE Aims to Reduce Carbon Emissions Through Transition to Future Energy

The United Arab Emirates said success in transitioning towards a future energy system aims to reduce emissions while maintaining growth, progress, and development. Dubai Ruler and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum inaugurated on Monday the Abu Dhabi Sustainability Week (ADSW),

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