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Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

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.

Modon inks 2 MoUs with Saudi Exports, Local Content Authority

MODON signed a contract to allocate 3,000 square meters of land for logistics. (Twitter)
  • The MoU with the development authority entails exchange of expertise in industrial cities management and provision of logistic services and solutions.
  • Modon’s MoU with LCGPA aims to achieve integration of local content in industrial cities, exchange experience and practices in institutional innovation.

RIYADH, SAUDI ARABIA – The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed two memorandums of understanding with the Saudi Export Development Authority and the Local Content and Government Procurement Authority (LCGPA) to promote national products.

The MoU with the development authority entails exchange of expertise in industrial cities management and provision of logistic services and solutions to develop non-oil exports.

The pact that Modon signed with LCGPA, aims to achieve integration of local content in industrial cities and exchange experience and practices in institutional innovation.

It stipulates the establishment of an incentive program for the industrial partner, a stimulus program for agreements on industry localization and transfer of knowledge.

These will help to contribute to the realization of future visions and national aspirations in the industrial sector.

Modon is taking part in the “Saudi Made Exhibition 2023”, which is being held under the theme “Saudi Made” from October 16 to 19 at the Riyadh Front Exhibition and Convention Center.