Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Company News, Business, Climate Change

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

IsDB, SWCC sign agreement

The president of IsDB had emphasized the group's dedication to accelerating efforts to develop a sustainable and inclusive green environment.
By TRENDS Desk
December 26, 2023 9:13 pm
  • The agreement includes a mechanism for exchanging knowledge and experiences.
  • It would involve transferring the experience of SWCC to the member countries of IsDB.

JEDDAH, SAUDI ARABIA – The Islamic Development Bank (IsDB) and Saline Water Conversion Corporation (SWCC) signed on Tuesday a general framework for cooperation between the two organizations in the Kingdom.

The President of IsDB Dr. Mohammed bin Sulaiman Al-Jasser and the Governor of SWCC Eng. Abdullah Ibrahim Al-Abdul-Karim inked the pact.  

The agreement includes a mechanism for exchanging knowledge and experiences.

The aim is to also transfer the extensive experience and knowledge of SWCC to the member countries of IsDB.

This collaboration will involve efforts from both parties.

Earlier Al-Jasser had emphasized IsDB Group’s dedication to accelerating efforts to develop a sustainable and inclusive green environment.

He made the comments while addressing the common challenge of climate action at the COP28 meetings in Dubai, UAE.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]