Economy



Saudi Arabia’s ACWA Power shifts toward renewable energy

ALKHOBAR: Saudi Arabia-based power and water project developer ACWA Power is seeking to secure or arranging finance for $15 billion worth of projects, nearly half of which are in renewable energy, its




Sustainability push: Middle East on right track, says John Pearson

This year’s moderator over the two days of the 2nd GPCA Sustainability Conference is John Pearson.






Dar Al-Arkan plans to spend SR1bn on projects in 2015

RIYADH: Dar Al-Arkan Real Estate Development Co., Saudi Arabia's largest listed developer, plans to spend over SR1 billion ($267 million) on projects in 2015 and aims for 10 percent growth of its busi



Advanced Petrochemical plans sukuk investor meetings

DUBAI: Saudi Arabia's Advanced Petrochemical Co. will begin meeting investors from Sunday ahead of a potential sale of a sukuk denominated in riyals, it said on Wednesday.



Petchem trade talks focus on sustainability

The first day of the 2nd GPCA Sustainability Conference focused on two pillars that build sustainability; people and the economy.



NCB’s net income rises 12.8 percent

The National Commercial Bank’s (NCB) net income attributable to equity holders of the bank for the nine month of 2014 reached SR6,830 million compared to SR6,057 million for the same period of the pre

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