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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.

L&T Construction secures orders in Saudi Arabia, Malaysia, India

Larsen & Toubro (L&T) secured a major Engineering, Procurement, and Construction (EPC) contract for the Amaala project in Saudi Arabia's Red Sea region.
  • The company will construct a ±525kV High Voltage Direct Current (HVDC) transmission segment in Saudi Arabia
  • In the Sarawak region of Malaysia, L&T Construction has won an order to establish a 275kV Substation

Dubai, UAE – L&T Construction, part of Larsen & Toubro, has secured new orders in Saudi Arabia, Malaysia, and India.

The company will construct a ±525kV High Voltage Direct Current (HVDC) transmission segment in Saudi Arabia. This forms part of a large capacity Voltage Source Converter (VSC) based HVDC system, connecting Neom Industrial City to Yanbu City in the western region of Saudi Arabia.

In India, the company won an order to implement SCADA/DMS (Supervisory Control and Data Acquisition/Distribution Management System) and related IT infrastructure for urban area power distribution systems in central Gujarat. The scope of the project also includes Information Storage & Retrieval, Front End Processing, Outage Management, Network Management, Dispatcher Training Simulation, Local Data Monitoring, and necessary security systems. 

The company will also construct a 400kV Double Circuit Transmission Line in Jharkhand, India. This 133 KM long transmission line is crucial for evacuating power from a generating station.

In the Sarawak region of Malaysia, L&T Construction, in collaboration with a consortium, has won an order to establish a 275kV Substation. This project aims to enhance power supply reliability in major load centers on the northwest coast of the island of Borneo.