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- Picking UAE stocks that can withstand global markets' tariff whiplash
- Dubai's Emirates NBD clears Dh1 trillion balance-sheet milestone in Q1-2025
- NBK reports a net profit of KD 134.1 million for Q1 2025
- CBB Treasury Bills oversubscribed by 166%
- Bahrain All Share Index closes lower
- Boubyan Bank records KD 26.5 million in net profit for Q1, 2025, an increase of 6%
- Zain Kuwait, one of the first mobile operators in region to achieve ISO 37301
- CBO launches 74th issue of Government Development Bonds via auction
- QNB Group broadens funding sources, open to future opportunities
- Bank Muscat advances digital transformation
05/02/2015 09:37 AST
Saudi Arabia's gas company said on Wednesday it will soon end a shortage in the kingdom.
The shortage of gas cylinders, used for cooking, in Jeddah and nearby cities has pushed up prices to 100 riyals in the black market from 15 riyals, the standard price of the cooking gas in the kindgom, according to local Saudi newspapers.
National Gas and Industrial Co (GASCO) expects in a few days to meet gas needs, GASCO's chief executive said.
The company's newly appointed CEO Eyas al-Hajeri told Al Arabiya television that state oil giant Saudi Aramco has halted scheduled maintenance work at a refinery to help meet demand.
State owned GASCO is in charge of transporting, filling and marketing liquified petroleum gas (LPG) in Saudi Arabia as well as marketing gas cylinders.
"Yesterday there was an increase in production which was higher than average, if this continues and I hope production will continue or rise in the coming few days to meet the shortage," he said.
Petrochemicals companies in the kingdom, including Saudi Basic Industries Co (SABIC) RIC which use gas as a feedstock have said the gas shortage has limited their expansion plans.
Saudi Aramco is extensively looking for gas to meet rising demand for electricity and water.
Reuters
20/01/2016
A consortium of Saudi Arabia's Acwa Power and South Korea's Taekwang Power Holdings has signed a $2.2 billion thermal power plant investment agreement with Vietnam, Acwa Power said on Tuesday.
Trade Arabia
16/06/2015
The Board of Directors of National Gas and Industrialization Co. has recommended the distribution of dividend to the shareholders for the period The second quarter of fiscal year 2015 as following:
Tadawul
15/09/2014
The Board of Directors of National Gas and Industrialization Co. has recommended the distribution of dividend to the shareholders for the period The third quarter of financial year 2014 as following:
Tadawul
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| TAQA | 3.15 | 0.00 (0.00 |
| ACWAPOWER | 324.40 | -2.60 (-0.80 |
| DEWA | 2.65 | 0.03 (1.14 |
| SAUDIELECTRICITY | 14.96 | -0.06 (-0.40 |
| EMPOWER | 1.63 | -0.02 (-1.22 |
22/04/2025
Emirates NBD's profit before tax stirred up a sharp 56% quarter-to-quarter growth to Dh7.8 billion for the first three months of 2025. The key fundamentals - 'lending momentum, improvement in deposit
Gulfnews
22/04/2025
National Bank of Kuwait (NBK) has announced its financial results for the three-month period ended March 31, 2025. The Bank reported a net profit of KD 134.1 million ($434.8 million), compared to KD
Kuwait Times
22/04/2025
Boubyan Bank has announced its financial results for Q1 of this year. The bank recorded KD 26.5 million in net profits at a growth rate of 6 percent compared with the same period of the past year, wi
Kuwait Times
22/04/2025
Zain, Kuwait's leading digital services provider, has been awarded the ISO 37301:2021 certification an internationally recognized standard for Compliance Management Systems (CMS).
As one of
Kuwait Times
22/04/2025
QNB Group, the largest financial institution in the Middle East and Africa, stated that the recently announced $2bn unsecured syndicated term loan facility aims at extending the bank's financing matu
QNA
Financial Information Co.
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