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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.
  • Empower cools Uptown tower

    Empower is servicing 3,850 RT at the skyscraper.

    DMCC was keen to build the Uptown project according to the Leadership in Energy and Environmental Design gold standards

    As a result, it is now supplied with environmentally friendly cooling services of sustainable global standards

  • Chapman Taylor designs Jeddah park

    The airport City Central Park is designed as a botanical garden.

    The Airport City in Jeddah is coming up adjacent to King Abdulaziz International Airport

    It is being projected as an upcoming destination for visitors from across Saudi Arabia and the GCC region

  • Iran spends $620m to mechanize agriculture

    That amount reportedly equals 87 percent of the total budget allocated to a credit line for agricultural mechanization.

    The money has been used to supply agricultural machinery, tools, and equipment

    These have been supplied in fields like horticulture, livestock, poultry, and aquaculture

  • Donkey milk soap soaking up fans in Jordan

    Although other regions around the Mediterranean produce soap from donkey milk, this is the first for Jordan

    Although other regions around the Mediterranean produce soap from donkey milk, this is the first for Jordan

    Donkey's milk is said to be rich in minerals and proteins that can help moisturise the skin

  • Bahrain’s digital transactions touch $3.62bn in H1

    Bahrain’s central bank has revealed that cashless transactions in the country has surged 50 percent to $744 million in August, after...

    The total number of payments made online and through point-of-sale (POS) machines reached 11.3 million during the month

    The first half of the year saw a total of 53 million cashless payments valued at $3.62 billion, posting a 45.6 percent growth rate

  • Hyundai speeds up auto roll-out

    Hyundai is stepping up the pace of developing hydrogen technology and plans to offer engines powered by the fuel on...

    From 2023, Hyundai's third generation of fuel cells will be half the price, much smaller and more powerful than their predecessors

    "We aim to help foster a worldwide hydrogen society by 2040"

  • Aramex creates two business arms

    Company also creates regional structures, each headed by a VP.

    While Aramex Express will handle the business-to-consumer (B2C) operations, the Aramex Logistics will serve the business-to-business (B2B) segment.

    Each region in new structure will be led by a regional vice-president.

  • Demand for food in GCC to shoot up by 2025

    Demand for food in the Gulf Cooperation Council (GCC) will reach 52.4 million metric tons (MT) by 2025, up from...

    The UAE and Saudi Arabia account for 75 percent of the GCC’s food consumption and demand for specific sectors is growing

    GCC governments have also been investing across international farmlands in Ethiopia, Madagascar, Mali, Serbia, Sudan, Zambia, Tanzania to establish strong trade relations and incre

  • ADQ to list Abu Dhabi Ports on ADX

    ADQ, one of the largest holding companies, has announced its plan to list Abu Dhabi Ports Company on the Abu...

    The listing on the ADX is expected to comprise a sale of a portion of existing shares to investors in the UAE

    For the year ended 31 December 2020, Abu Dhabi Ports reported revenues of AED 3.4 billion, a growth of AED 0.7 billion (c. 24%) compared to 2019 despite the COVID-19 impact

  • Asian markets lifted by recovery hope, Tokyo breaks 30,000

    While the mood is generally upbeat, analysts remain cautious owing to the constant threat of the pandemic.

    Shanghai, Sydney, Singapore, Wellington, Manila, Mumbai and Bangkok post gains; Seoul, Taipei and Jakarta the only stragglers.

    Tokyo continued its march higher on stimulus hopes, while a reshuffle of the Nikkei 225 also provided healthy support.

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