Riyadh / Reuters A consortium of electricity companies led by Saudi Arabia’s ACWA Power has completed refinancing of more than $1.825 billion in debt for its Rabigh 1 power project, ACWA Power said. The consortium, which includes state-run Saudi Electricity Company (SEC) and Korea Electric Power Corporation (KEPCO), runs the 1240 MW fuel oil-fired plant on the western coast …

  Riyadh / TNS While total number of retirees from government jobs declined to lowest levels in 2015, early retirement rates among public sector employees increased as compared to 2014. A recent report by General Organization for Retirement revealed a 7.5 increase in early retirement among government sector employees last year. According to report, the percentage of new retirees, as compared …

  Riyadh / TNS Saudi citizens and residents can now enjoy a white winter in an environment that is safe. This follows the Kingdom’s indoor snow theme park at Al-Othaim Mall Rabwa in Riyadh. Riyadh Gov. Prince Faisal bin Bandar inaugurated the Kingdom’s first Snow City. The latest tourist destination is described as a new chapter and a huge leap in …