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TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Aramco signs $11bn deal

The deal involves its Jafurah gas facilities.

TAQA H1 net income $1bn

The group's revenue reached $7.73 billion.

ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.
  • 23 solar panel plants to come up across Saudi Arabia

    DUBAI: As many as 23 factories that will manufacture solar panels and systems will be set up across Saudi Arabia,...

    The factories will be established in 12 industrial cities, according to Modon.

    Products to be manufactured include Solar cells, slim panels for generating solar energy, solar energy panels.

  • Adnoc Drilling IPO increased

    Adnoc Drilling will list on the ADX on or around October 3.

    The increase is expected to be from 1.2 billion ordinary shares to 1.76 billion ordinary shares

    However, the offer price of AED 2.30 per share remains unchanged

  • Saudi Arabia workshop woos German investors

    The workshop discussed the most prominent ways to expand the current investments in line with Saudi Vision 2030.

    Saudi Arabia is opening up its economy while diversifying it to lessen its dependence on oil

    It is believed to have investment opportunities worth SAR12 trillion (€2.7 trillion or $3.2 trillion)

  • Tradition in Tehran’s oldest teahouse

    Tucked in an alleyway of the Grand Bazaar, Kazem Mabhutian’s 1.5-square-metre chaikhaneh (tea house) is invisible from the main street.

    Tucked in an alleyway of the Grand Bazaar, Kazem Mabhutian’s 1.5-square-metre chaikhaneh (tea house) is invisible from the main street.

    And yet it is the most famous among tea connoisseurs in the Iranian capital

  • Iraqi cement-makers angry at fuel subsidy cut

    The oil ministry earlier this month raised the price of fuel sold to cement manufacturers from 150 dinars per litre...

    The measure has caused industry outrage in the crisis-hit country, where some regions are still waiting for post-war reconstruction

    The subsidised fuel price for cement manufacturers was originally approved in exchange for their commitment to cap the price of cement

  • Gulf region poised for higher growth in 2021: Expert

    The economies of the region are recovering fast on the back of the rising oil prices and speedy vaccination programs,...

    The economies of the region are recovering fast on the back of the rising oil prices and a reasonably speedy vaccination program

    In 2022, tourism should also significantly boost growth, resulting in recovery in the non-oil sector as domestic consumption and investment demand improves

  • Drydocks World develops ‘South Yard’

    The latest project is aimed at increasing the company’s fabrication capacity.

    The firm is building a dedicated facility for new building projects comprising 70,000 sq.m. area

    The world-class yard will feature cutting-edge equipment, a much leaner execution process and a facility for heavy structures

  • Etisalat’s SmartHub centres grow

    SmartHub has become a key element of the digital infrastructure in the region.

    Etisalat’s SmartHub data centres act as an ICT bridge between continents, always supporting critical business activities of global customers

    SmartHub seeks to be a preferred location for carriers, cloud service providers, Internet exchanges and companies looking for a carrier grade data centres

  • Mrs Bectors subsidiary comes up in UAE

    The new company, Mrs Bectors Food International, was incorporated on September 14.

    Mrs Bectors Food Specialities Limited was incorporated as Quaker Cremica Foods Private Limited on September 15, 1995

    Following the termination of a JV agreement, the company was renamed Mrs Bectors Food Specialities Private Limited

  • What to Expect at Expo 2020 Dubai?

    Expo 2020 Dubai is the first world expo in the Middle East, Africa, and South Asia region.

    The theme of the six-month event is Connecting Minds, Creating the Future

    It covers three sub-themes: Sustainability, Opportunity, and Mobility

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