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Tag: oil economy

NEOM plans hydrogen fuel production for 2022

9 months ago
Saudi Arabia’s energy company, ACWA Power, expects construction work on its green hydrogen plant in NEOM to start in the first half of 2022, according to the company’s CEO. “This is the first project of that scale and quite a lot of work had to be done for the first time. So, we are very […]
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Saudi Arabia to pioneer new labour reforms

2 years ago
Saudi Arabia’s new labor reforms, announced Wednesday, will benefit foreign skilled workers in the Kingdom’s private sector while ensuring flexibility of movement say ministers. Saudi Arabia’s Ministry of Human Resources and Social Development (MHRSD) unveiled the Labor Reform Initiative (LRI) under the National Transformation Program (NTP), which will improve the contractual relationship between workers and employers […]
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Netflix partners with Saudi firm for animation enterprise

2 years ago
Netflix has struck a five-year exclusive partnership with Saudi Arabian animation studio Myrkott to produce Saudi-focused shows and films along with a similar period first-look option on the company's upcoming projects. The link-up will entail production of new and exclusive seasons of the "Masameer" cartoon series and related upcoming movies, a new licensed original adult […]
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Saudi Arabia expanding nuclear power ambitions

4 years ago
Saudi energy minister Khalid al-Falih said on Monday the kingdom had launched a uranium exploration program and initial indications were positive, Al-Arabiya Business reported on Twitter. Falih added that a project to construct two nuclear plants, was proceeding at an excellent pace according to plan, according to Al-Arabiya. No further detail was given. Saudi Arabia […]
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Adnoc CEO: Diversification is the name of the game

4 years ago
Dr Sultan Bin Ahmad Sultan Al Jaber, Minister of State and Group CEO of the Abu Dhabi National Oil Company (Adnoc) participated in the second annual ‘Future Investment Initiative Conference’, held in Riyadh, Saudi Arabia, on Tuesday. The conference sees global leaders from both the public and private sectors convene to help shape the future […]
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