ADNOC-Tabreed G2COOl opens
G2COOL is the first geothermal energy cooling plant in the Gulf region.
Business
ACWA Power launches Phase I of green hydrogen project in Uzbekistan
Riyadh, Saudi Arabia -- Saudi renewables giant ACWA Power has said it launched the first phase of green hydrogen project...
Business
Geostrategy
IsDB and OIC keen to boost cooperation
Both institutions will work toward supporting economic and social development in member countries.
- IsDB is organizing a forum in Tashkent on Sept. 2 on post-Covid 19 situation.
- Both institutions will work toward supporting economic and social development in member countries.
Business
Union Properties posts a total profit of AED 32 million in H1
The company witnessed a positive shift in many business activities in the UAE in general and in Dubai in particular,...
- Contributing most to the positive results was revenues from customer contracts.
- Financing costs witness a significant decrease of 32 percent in H1 compared to the same period in 2020.
Lebanon prez holds consultations to pick new PM
Former PM Saad Hariri and Hezbollah have endorsed billionaire businessman and two-time premier Najib Mikati for the post
Saudi navy’s fourth warship under Sarwat project unveiled
Warships being built under the Sarwat project will be equipped for electronic wars and surpass the capabilities of many navies...
Fewer foreign workers leave Saudi job market in Q1 2021
The highest (237,000) number of foreigners left their jobs between the second and third quarters of 2020
Beneficial Owner data: Dubai Economy to fine violators
Beneficial Owner refers to individuals and entities that benefit from owning a registered business in UAE. Data required include  nationality,...
Fee for setting up business in Abu Dhabi cut by 94 percent
The reduced fee includes six activities within the business license and covers all fees for several government entities
Dubai realty sales worth $4.02 bn recorded in June
Mohammed Bin Rashid City, Dubai Hills Estate, Dubai Land, Green Community and Town Square top top areas of interest for...
SEHA introduces specialized Saturday clinics
A recent patient experience survey conducted by SEHA revealed people delay healthcare due to long working hours on weekdays
Two Turkish soldiers killed in northern Syria
Turkey launched Operation Euphrates Shield in 2016 in order to drive away from its border region Daesh militants and Syrian...
ADNOC-Tabreed G2COOl opens
G2COOL is the first geothermal energy cooling plant in the Gulf region.
Business
Company News
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Eshraq Q2 profit $9.79m
Business
Yahsat H1 net income up 5%
Business
Tabreed signs MoU with Indian state
Asia's largest district cooling PPP project in Hyderabad part of deal.
Business
ENOC Group, Kawasaki renew partnership
The pact was signed through ENOC partner CKW Enterprises.
Business
TAQA’s $1.5bn dual-tranche bonds listed on Abu Dhabi Exchange
Abu Dhabi, UAE -- Abu Dhabi National Energy Company (TAQA's) dual-tranche $1.5 billion bonds were listed on Abu Dhabi Securities...
Business
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Geostrategy
G20 shirking ‘critical’ climate issues: UN climate chief
The G20, which accounts for about 85 percent of the world's economy and greenhouse gas emissions, will meet in New...
- Simon Stiell, the head of the UN Framework Convention on Climate Change, said technological solutions are within reach to curb the warming that is already showing effects.
- The G20 summit is the next major set of negotiations in a packed calendar of meetings crucial for action on global warming, culminating at the UN COP28 talks in the UAE.
Business
Production of pick-up trucks and vans in Iran rises by 52-70%
Tehran, Iran -- Production of pick-up trucks and vans in Iran in the first five months of the current Iranian...
- In total, 11,436 pick-up trucks were manufactured in the country in the first five months of the current Iranian calendar year.
- The number of vans produced in the country from March 21 to August 22, 2023 was 1,371, showing a 70 percent hike compared to the same period of last year.
Business
OIA invests in US battery firm ONE
ONE is focused on high-density LFP-based batteries.
- OIA and ONE signed a Strategic Collaboration Agreement (SCA) to explore potential areas of collaboration in energy storage and battery manufacturing in Oman.
- ONE is focused on high-density LFP (Lithium Iron Phosphate)-based batteries, which are created from lower-cost, more abundant iron.