Related Research Articles
The economy of Bahrain is heavily dependent upon oil and gas. The Bahraini Dinar is the second-highest-valued currency unit in the world. Since the late 20th century, Bahrain has heavily invested in the banking and tourism sectors. The country's capital, Manama is home to many large financial structures. Bahrain's finance industry is very successful. In 2008, Bahrain was named the world's fastest growing financial center by the City of London's Global Financial Centres Index. Bahrain's banking and financial services sector, particularly Islamic banking, have benefited from the regional boom driven by demand for oil. Petroleum is Bahrain's most exported product, accounting for 60% of export receipts, 70% of government revenues, and 11% of GDP. Aluminium is the second most exported product, followed by finance and construction materials.
The Cooperation Council for the Arab States of the Gulf, also known as the Gulf Cooperation Council, is a regional, intergovernmental, political, and economic union comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The council's main headquarters is located in Riyadh, the capital of Saudi Arabia. The Charter of the GCC was signed on 25 May 1981, formally establishing the institution.
The Eastern Province, also known as the Eastern Region, is the easternmost of the 13 provinces of Saudi Arabia. It is the nation's largest province by area and the third most populous after the Riyadh and Mecca provinces. In 2017, the population was 4,900,325. Of these, 3,140,362 were Saudi citizens and 1,759,963 were foreign nationals The province accounts for 15.05% of the entire population of Saudi Arabia and is named for its geographical location relative to the rest of the kingdom.
Dammam is the capital of the Eastern Province of Saudi Arabia. With a population of 1,532,300 as of 2022, Dammam is the kingdom's fourth-most populous city after Riyadh, Jeddah, and Mecca. Dammam constitutes the core of the Dammam metropolitan area, also known as the Greater Dammam area, which comprises the 'Triplet Cities' of Dammam, Dhahran, and Khobar. The region is closely linked to the city through social, economic, and cultural ties. As of 2022, the Dammam metropolitan area's population was 2,190,900.
Saudi Aramco Residential Camp in Dhahran is a residential community built by Saudi Aramco for its employees to live in. It is located within the city of Dhahran in Saudi Arabia's Eastern Province. There are three areas recognized by the inhabitants in the Dhahran camp. The first built is known as the Main Camp. It is the oldest part and the busiest as it contains the commissary, various shops and parks, and infrastructure. The second area, known as the Hills, is the quietest since it is mostly residential and more family friendly. In 2017, a new residential area was opened and is known as Jebel Heights, it is an extension of the camp on the western edge of the facility. The area of Jebel Heights contains modern villas that vary from three-bedroom houses to five-bedroom houses as well as apartment blocks.
Saudi Basic Industries Corporation, known as SABIC, is a Saudi chemical manufacturing company. 70% of SABIC's shares are owned by Saudi Aramco. It is active in petrochemicals, chemicals, industrial polymers and fertilizers. It is the second largest public company in the Middle East and Saudi Arabia as listed in Tadawul.
The Saudi Arabian–Kuwaiti neutral zone, also known as the Divided Zone, was an area of 5,770 km2 (2,230 sq mi) between the borders of Saudi Arabia and Kuwait that was left undefined when the border was established by the Uqair Convention of 2 December 1922.
Ras al-Khafji or Khafji (الخفجي) is a town on the border between Saudi Arabia and Kuwait. It lies in what was before 1970 the Saudi Arabian–Kuwaiti neutral zone.
Frank Holmes, known affectionately by Arabs as "Abu Naft", was a British-New Zealand mining engineer, geologist and oil concession hunter. Following distinguished service in World War I, he was granted the title of honorary Major and was thereafter known as Major Frank Holmes in his civilian life.
Kuwait Petroleum Corporation is Kuwait's major national oil company, headquartered in Al Kuwait.
The Al Muhaidib Group is an international private group of companies based in Saudi Arabia that was founded in 1946 by Abdul Kadir bin Abdul Muhsin Al-Muhaidib. The current chairman of the board of directors is Sulaiman A. K. Al-Muhaidib.
The dynamic between the League of Arab States and the Islamic Republic of Iran has been ambivalent, owing to the latter's varying bilateral conduct with each country of the former. Iran is located on the easternmost frontier of the Arab League, which consists of 22 Arab countries and spans the bulk of the Middle East and North Africa, of which Iran is also a part. The Arab League's population is dominated by ethnic Arabs, whereas Iran's population is dominated by ethnic Persians; and while both sides have Islam as a common religion, their sects differ, with Sunnis constituting the majority in the Arab League and Shias constituting the majority in Iran. Since Iran's Islamic Revolution in 1979, the country's Shia theocracy has attempted to assert itself as the legitimate religious and political leadership of all Muslims, contesting a status that has generally been understood as belonging to Sunni-majority Saudi Arabia, where the cities of Mecca and Medina are located. This animosity, manifested in the Iran–Saudi Arabia proxy conflict, has greatly exacerbated the Shia–Sunni divide throughout the Muslim world.
The House of Alireza, founded in 1845, is reputed to be Saudi Arabia's oldest organized commercial enterprise. The family arrived in Jeddah in the 1840s. Its founder, Zainal Alireza, started off trading food, textiles, and other merchandise from the Middle East and the Indian subcontinent. They also acted as agents for pilgrims on the hajj for one of the larger British-Indian shipping lines.
The petroleum industry in Kuwait is the largest industry in the country, accounting nearly half of the country's GDP. Kuwait has proven crude oil reserves of 104 billion barrels (15 km3), estimated to be 9% of the world's reserves. Kuwait's oil reserves are the sixth largest in the world and the Burgan Field is the second largest oil field. Kuwait is the world's eleventh largest oil producer and seventh largest exporter. Kuwait's oil production accounts for 7% of world-wide oil production.
EnergyinSaudi Arabia involves petroleum and natural gas production, consumption, and exports, and electricity production. Saudi Arabia is the world's leading oil producer and exporter. Saudi Arabia's economy is petroleum-based; oil accounts for 90% of the country's exports and nearly 75% of government revenue. The oil industry produces about 45% of Saudi Arabia's gross domestic product, against 40% from the private sector. Saudi Arabia has per capita GDP of $20,700. The economy is still very dependent on oil despite diversification, in particular in the petrochemical sector.
The Gulf Railway, also known as the GCC Railway, is a proposed railway system to connect all six Gulf Cooperation Council member states in Eastern Arabia. The rail network will have a total length of 2,177 km. The project is estimated to cost US$250 billion. It was scheduled to be completed by 2025, although as of 2023, construction work has yet to start.
Bilfinger Deutsche Babcock Middle East (FZE) is an internationally active construction and engineering services company located in the United Arab Emirates; it is part of Division Piping Systems and part of the framework Bilfinger SE.
Gulf Cryo is a Middle Eastern company that supplies industrial, medical and specialty gases. The group comprises thirty companies in the MENA region and operates as a closed share holding company. It is considered a leader in the gas industry in the MENA region.
Kuwait and Iran have longstanding historical ties spanning hundreds of years, particularly in the pre-oil era. Relations were negatively influenced by the Iranian Revolution in 1979 and the Iran–Iraq War in the 1980s. Relations improved after the Iraqi invasion of Kuwait.
Abdulaziz bin Abdullah Al Zamil was an industrial engineer, whose work in industry and government was important to the industrial development of Saudi Arabia. As the original chief executive of Saudi Basic Industries Corporation (SABIC), as Minister of Industry and Electricity, and through his family's Zamil Group Holding Company, he was instrumental in creating a nationally based, profitable, high-tech industrial enterprise in Saudi Arabia. Al Zamil encouraged careful expansion with strong partners on a basis of sound technology in a wide variety of areas. Zamil Group, which now employs more than 12,000 people in 60 countries, is involved in diverse sectors including general construction, paints, plastics, petrochemicals, shipbuilding, and port management. He was awarded the King Abdul Aziz Medal, 1984 and the Richard J. Bolte Sr. Award for supporting industries in 2015.
References
- ↑ Contact section on Rezayat Group website
- ↑ "Rezayat Trading Company WLL: Private Company Information". Businessweek. Archived from the original on January 19, 2013. Retrieved 14 August 2012.
- ↑ Profile section on Rezayat Group website
- 1 2 Group Companies section on Rezayat Group website