Petro Rabigh completes HOFCC maintenance, resumes operations
Additional time was needed to complete comprehensive periodic maintenance work on the unit and restarting it, the company said in a statement to Tadawul.
The financial impact of this suspension of comprehensive and scheduled periodic maintenance work on all operating facilities and production units at the company's complex cannot be accurately estimated at the present time and will be reflected in the financial results for the second quarter of 2025, the statement added.
Petro Rabigh announced in June it completed the periodic maintenance and the resumption of operations of the facilities and production units, with the exception of HOFCC, which requires additional time to complete the comprehensive periodic maintenance and resume operations, Argaam reported.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arab News
35 minutes ago
- Arab News
How AI is transforming Saudi businesses, from homegrown startups to global creative agencies
RIYADH: Artificial intelligence is revolutionizing the landscape for small businesses, offering innovative solutions that enhance efficiency, creativity, and competitiveness. As technology evolves, many entrepreneurs are leveraging AI tools to streamline operations and drive growth. One of the most significant advantages of AI is its ability to automate repetitive tasks. Tools like chatbots can handle customer inquiries around the clock, freeing up valuable time for business owners to focus on strategic initiatives. This not only improves customer service but also enhances overall efficiency. AI-powered analytics platforms can process vast amounts of data, providing actionable insights that help businesses make informed decisions based on market trends and consumer behavior. In this dynamic environment, AI is transforming small business operations. A notable example is Hams Nabeel, a working mother who founded her business, Thikra, to preserve cherished memories for families. 'There was a clear need for my business idea,' she told Arab News. 'Since I had my daughter, I wanted to preserve her hospital items — like her hat, blanket, and hand bracelet — all in one place.' AI has become crucial in Nabeel's entrepreneurial journey, streamlining various aspects of her operations. 'ChatGPT helped me expand my business by crafting a clear structural plan,' she said. What typically took weeks can now be accomplished in minutes, providing clarity when she faced uncertainties. AI also assisted Nabeel in comparing 3D printers and defining her business's vision. 'AI guided me in crafting my mission and vision and even generated social media posts,' she said. For financial management, she relies on QuickBooks, which automates tasks and offers valuable insights. Furthermore, Nabeel uses Salla, a website creation tool that simplifies online store management. 'Creating a business is so easy with Salla,' she said, allowing her to focus on creativity rather than technical details. In creative sectors, AI tools are essential for content creation and design. From generating social media posts to developing marketing materials, AI helps small business owners maintain a robust online presence without extensive resources. 'We have traditionally always been creatives before tech developers, but with AI it is now enabling us to combine both,' Denis Bodart, who operates a creative animation agency called Feed Me Light in London and Riyadh, told Arab News. 'We are now building more creative tools and AI products, including a new SaaS (Software as a Service) platform focused on the out-of-home advertising sector, which allows us to dynamically display content on various screens at once. 'Imagine walking through a city filled with screens that communicate and showcase engaging, interactive content. For example, the displays can respond to the latest football or esports results, presenting teams in an exciting manner. 'They can also adapt to weather conditions and customize their content based on audience presence in events, venues, and shops.' This section contains relevant reference points, placed in (Opinion field) Bodart highlighted how AI agents support his team. 'By training AI agents to understand our business more, we can use these agents to help support our teams, providing a helping hand with more repetitive tasks such as receipts, bookings, data fetching, or even helping enhance our marketing and sales teams, amplifying our business's online presence.' He added: 'For Saudi Arabia, the strategic integration of AI holds immense potential to create a truly transformative and positive impact on how they approach upcoming global events such as the Winter Olympics, Asian Cup, and World Cup events. 'This technology can significantly elevate fan engagement, optimize operations, and craft unparalleled experiences, setting new benchmarks for global sporting events hosted in the Kingdom.' Integrating AI allows small businesses to provide seamless customer experiences. Automating processes like order management and payment processing enhances customer satisfaction and loyalty. 'AI has completely changed the game for small creators like me,' Salwa Beauty, a prominent social media influencer in Saudi Arabia, told Arab News. 'It's like having a full creative team in your pocket.' Salwa utilizes AI to generate content ideas, animate scenes, write captions, and redesign photos — tasks that once required extensive time and resources. For her fitness content, Salwa has eliminated the need for models or physical products. 'I can animate people, create scenes, and even showcase products being used — all without hiring anyone or incurring upfront costs,' she said. This capability allows her to build a complete brand presence independently, showcasing the democratizing power of AI. The freedom AI provides is substantial for small businesses. By enabling entrepreneurs to launch ideas, test visuals, and create professional content quickly and affordably, AI empowers them to stand out in a crowded market. 'AI is literally my assistant now,' said Salwa. AI also reduces costs associated with traditional modeling. Additionally, AI facilitates content creation and scheduling, allowing businesses to maintain a consistent online presence effortlessly. Platforms like Salla and Zid are enhancing the landscape for small businesses in Saudi Arabia. These platforms leverage AI to optimize customer interactions, enabling efficient order scheduling, carrier connections, and targeted marketing messages based on customer data. Such features not only save time but also enhance the overall customer experience. AI has emerged as an invaluable asset for small businesses, offering innovative solutions that enhance productivity, creativity, and financial management. Integrating AI tools can significantly transform the entrepreneurial journey, enabling working mothers and small creators to thrive in today's competitive market. With AI as a partner, the possibilities for growth and success are limitless. As small businesses in Saudi Arabia continue to embrace these technologies, they open the door to a future where creativity and efficiency flourish, paving the way for new ideas and opportunities. AI is a powerful ally for small businesses, empowering them to optimize operations, enhance marketing efforts, and improve customer experiences. As more entrepreneurs embrace these technologies, the potential for growth and innovation continues to expand.
Arab News
2 hours ago
- Arab News
A new chapter in impactful digital cooperation
When the Digital Cooperation Organization was established in 2020 on the sidelines of the G20, with its headquarters in Riyadh, it marked a significant milestone for the region. It was a bold step by Saudi Arabia, alongside four additional founding members, to anchor a global multilateral platform focusing on the digital economy to enable digital prosperity for all. Today, the DCO unites 16 member states across the Middle East, Africa, Asia and Europe, collectively representing over 800 million people and a gross domestic product of $3.5 trillion. The organization was created with a clear purpose — to ensure that no country is left behind in the digital economy. It exists to help governments design and implement forward-looking digital policies, build foundational infrastructure and align on responsible innovation. It is action-oriented, member-led and impact-focused. The DCO is already making a difference. Over the past four years we have launched key tools, including the Digital Economy Navigator, which helps member states assess their digital readiness and align policy frameworks. We have built strategic partnerships with the UN, the International Telecommunication Union and other global institutions. And we have supported digital upskilling, cross-border regulatory collaboration and startup ecosystem development, all tailored to the needs of our members. Now, we are entering a phase of intensified execution, guided by the Four-Year Agenda, a roadmap co-developed with member states that sets out strategic priorities and measurable goals. Our focus will be on accelerating inclusion, promoting digital trust and enabling investment in infrastructure, people and innovation. The DCO Four-Year Agenda is aimed at enhancing cooperation among member states to boost digital economic resilience and foster social prosperity. It is focused on building a modern, integrated digital economy. Central to this effort is the digital enablers pillar, which aims to establish a unified policy framework, accelerate regulatory harmonization and enhance resilience through resource sharing. The organization was created with a clear purpose — to ensure that no country is left behind in the digital economy. Hajar El Haddaoui The agenda also emphasizes digital corridors, integrating the digital economies of member states by strengthening cross-border digital trade and mobility. This includes promoting secure data exchange and cultivating a skilled, mobile workforce. To support innovation, the digital business and innovation pillar empowers startups and small and medium-sized enterprises by fostering innovation ecosystems and expanding access to capital, driving growth in digital enterprises. Finally, the digital society pillar champions digital inclusion, accessibility and environmental sustainability, ensuring equitable digital access and minimizing environmental impact. This comprehensive strategy focuses on advancing digital maturity across the region, recognizing the critical role that digital technologies play in today's economy. At a time when digital regulation, artificial intelligence and data governance are reshaping the global landscape, the DCO continues to help member states lead, not just adapt. Whether it is helping a government harmonize its data policies, supporting the rollout of artificial intelligence frameworks or enabling small enterprises to connect to global markets, we are committed to practical, inclusive solutions. The reappointment of Secretary-General Deemah Al-Yahya to a second four-year term, announced during a visit to Kuwait — the member state currently holding presidency of the organization — reflects a clear vote of confidence in her leadership. Over the past four years, the DCO has moved from concept to implementation. Under the secretary-general's stewardship, we are already delivering real value to member states. The next chapter will be about delivering more, scaling our work, deepening our impact and turning vision into long-term outcomes that benefit people and economies. This is also a moment of pride. While Saudi Arabia submitted the nomination for her reappointment, it was endorsed by the DCO council — a powerful reflection of the Kingdom's growing leadership in multilateral diplomacy and digital policy. Our member states may span diverse geographies, cultures and economies, but they are united by a shared belief in the power of cooperation. The power of partnership. That belief is the foundation of everything we do. As director general of DCO, I am honored to work alongside our secretary-general, member states, observers and partners to realize the organization's full potential. The next four years will be defined by action, alignment and achievement. Together, we are building a future where the digital economy works for all. • Hajar El Haddaoui is director general of the Digital Cooperation Organization
Argaam
3 hours ago
- Argaam
Saudi Arabia, Oman launch phase two of industrial integration
The launch of the second phase of the Saudi-Omani industrial integration initiative Minister of Industry and Mineral Resources Bandar Alkhorayef announced today the launch of the second phase of the Saudi-Omani industrial integration initiative. The initiative aims to boost industrial integration between the two countries, as well as boosting trade exchange and mutual investments, he added, in a post on 'X' social platform.
