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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.
  • Holy and worldly offerings of Saudi tourism

    The Arab world's most powerful economy is devoting enormous resources to attracting at least 100 million tourists by 2030. TRENDSMENA...

    King Fahd Fountain, the tallest fountain in the world, holds up to 318 tons of seawater and measures 312m in height.

    Masjid al-Haram comprises 13 minarets, while five main entrances/doors and hundreds of subsidiary doors give the building its overall form.

  • Truckmaker Scania pauses production over chip shortage

    This week's suspension is Scania's first since the coronavirus pandemic forced a production halt in April 2020

    This week's suspension is Scania's first since the coronavirus pandemic forced a production halt in April 2020

    "It's a difficult period and too many things are pointing in the wrong direction," Scania spokeswoman Karin Hallstan told AFP

  • Abu Dhabi Media taps STARZPLAY to stream AFC matches

    Enthusiasts may buy a subscription of 2 sports channels for AED15 (a little more than $4) or the entire STARZPLAY...

    From September, the matches are expected to be streamed on STARZPLAY

    The streaming will start with the Asian qualifying matches for the FIFA World Cup 2022 in Qatar

  • Foreign investment in Saudi markets rose 150% in Q2

    The sectors in the country that attracted the most foreign investment were banking, basic items, energy, and communications.

    Saudi Arabia was granted membership of the World Trade Organization in 2005

    This is opened up the country to ever-increasing investments from foreign parties

  • Turkey buys drones from firm where Erdogan kin is CTO

    The drones have been made by Baykar, whose CTO is the son-in-law of Tuekey’s president.

    The UAVs, called Akinci, have been made by private drone-maker Baykar

    The Turkish military on Sunday took delivery of these drones, whose name means “raider” in Turkish

  • Etisalat to partner with GMIS on 5G

    The UAE-based company will share practices at GMIS 2021.

    The GMIS is being held at Expo 2020’s Dubai Exhibition Centre.

    Discussions will focus on government , society, women in leadership and the UAE’s Operation 300bn.

  • EGA sees $473m profit in H1

    This was the company’s strongest H1 financial performance ever.

    EGA supplied some 442 customers in 57 countries with metal in the first half of 2021

    In the UAE, the company supplied 140,000 tons of metal to local customers

  • Jeddah asks traders to stick up QR code on shop fronts

    Aiming to improve the quality of services and goods provided to Jeddah resident, the Municipality has called on businesses to...

    “The mandatory service is part of the modern services launched by the Ministry of Municipal, Rural Affairs and Housing through the ‘Balady’ platform”

    the QR code aims to improve the quality of services and goods provided to Jeddah residents by promoting effective digital communication

  • Kuwait to transform ‘tire graveyard’ into new city

    After 17 years of accumulation of end-of-life tires, the dump was spread across 2 sq km, with 40 million tires...

    Three massive fires between 2012 and 2020 sparked environmental concerns, prompting the authorities to shut it down for good

    In past months, trucks loaded with tires had made more than 44,000 trips from the landfill to the Al-Salmi region, near Kuwait's industrial area, where they would be temporarily st

  • Tabreed ups cooling-scheme stake

    The exclusive scheme supplies Al Maryah Island in Abu Dhabi.

    The acquisition is from joint venture partner Mubadala Infrastructure Partners

    The deal brings ownership of Tabreed in the scheme to 100 percent

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