Please wait...
GulfBase Live Support
- Flynas IPO: Saudi Arabia's Budget Airline Takes Flight on the Stock Market
- TAQA Group reports Q1 revenue of $ 3.87bn, up 3.8%
- Bahrain All Share Index closes higher
- UAE airline Etihad places major aircraft order with Boeing
- UN forecasts global economic growth to drop to 2.4% in 2025
- Dubai gold rate shoots up after Dh10 plus drop - in hours
- Abraj Energy signs deal with BP for drilling rig in Block 61
- Commercial Bank launches new CB Corporate Banking App
- QSE sees 62% of stocks in the red; index loses 19 points
- Financial markets development essential to Qatar's comprehensive financial strategy: QCB Governor
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 | 3.14 | 0.01 (0.31 |
| ACWAPOWER | 292.80 | -5.00 (-1.68 |
| DEWA | 2.74 | 0.04 (1.48 |
| SAUDIELECTRICITY | 14.36 | -0.08 (-0.56 |
| EMPOWER | 1.60 | 0.01 (0.62 |
16/05/2025
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, has delivered a 3.8% year-on-year revenue growth, reaching AE
Trade Arabia
16/05/2025
Abraj Energy Services has signed a contract with BP Oman to provide a drilling rig for operations in Block 61, with the rig expected to become operational in the fourth quarter of 2025.
The
Muscat Daily
16/05/2025
Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region.
This stat
Gulf Times
16/05/2025
Emirates NBD is rolling out a new AI-driven solution to strengthen its compliance checks on payments and trade transactions, as part of a wider effort to improve safety, speed, and transparency in fi
Gulfnews
16/05/2025
In line with its leading and responsible role in the banking industry, National Bank of Kuwait continues to advance confidently towards building a sustainable future by implementing its environmental
Kuwait Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia