Following the announcement, the firm's shares rise 5% in trading.
Its earnings were US$36.2bn, half of what is was in 2022.
Abu Dhabi will obtain large generator step-up (GSU) transformers, protection and telecommunication systems for the Al Dhafra PV2 Solar project...Hitachi ABB to supply GSUs for giant Abu Dhabi solar PV plant
The project is located about 35 km from Abu Dhabi city and will supply power to Emirates Water and Electricity Company
Saudi Arabia has awarded a $95.4 million contract to a consortium to manage water services and environmental treatment in Riyadh.Contract awarded to Alkhorayef Group and France's Veolia
Restructuring of Saudi water sector almost complete
Due to supply shortages and high levels of inventory carried over from the first quarter, smartphone shipments to the GCC...IDC predicts a 9.4 percent decline in shipments QoQ for the GCC smartphone market in Q3.
Smartphone shipments were down 5.1 percent and feature phone shipments fell 11.9 percent
Under the deal, US will provide 350 contractor technicians and two government officials over two years to handle the maintenance...Before his election Biden had promised to make Saudi leaders "pay" for the murder of US-based journalist Jamal Khashoggi.
In late January Biden ordered a review of all arms contracts concluded by his predecessor Donald Trump with Saudi Arabia and other countries.
Under the new pact, Etihad will leverage Sabre's IT solutions.Under the new agreement, Etihad will continue leveraging a suite of Sabre's IT solutions to aid recovery
Sabre will help Etihad in network planning and scheduling, pricing and revenue management and cargo technology
The tournament was halted in May because of a devastating surge in coronavirus deaths in India, prompting foreign players to...The eight-team tournament resumes with Delhi Capitals at the top of the table
The final will be in Dubai on October 15, just two days before the T20 World Cup begins
The council will aim to enhance bilateral economic and trade relations between the two countries.The MoU was signed by Abdullah Mohammed Al Mazrouei, Chairman of the Federation of UAE Chambers of Commerce and Industry
Peeter Raudsepp, CEO of Enterprise Estonia, signed the agreement on behalf of his country
The UN body has registered the Farasan Island Marine Sanctuary in its Man and Biosphere Program.The Farasan Islands are said to support the largest population of idmi gazelle in Saudi Arabia
They also have high concentrations of greater flamingo, pink-backed pelican, Eurasian spoonbill, and osprey
- The UAE has vowed to invest £10 billion ($13.8bn) in the UK over five years as Abu Dhabi Crown Prince...
The focus of investment will be on the UK's technology, infrastructure and energy transition sectors
Mubadala's investment plans is likely to 'drive a significant increase' across the three target sectors
- DUBAI: The emirate of Dubai sees tourism and exhibition activity returning to normal, with EXPO 2020 around the corner, according...
The emirate sees tourism and exhibition activity returning to normal, with EXPO 2020 around the corner, according to DP World chairman.
Top commodities included jewelry, perfumes, medical products, textiles and leather.
