- Dubai, UAE--Saudi Arabian utility developer ACWA Power said Wednesday it has signed financing agreements for a total investment of $8.5...
NEOM Green Hydrogen Project is a joint venture between ACWA Power, Air Products and NEOM Company, with ACWA Power holding a 33.3 percent equity stake.
The total financing consists of $5.85 billion senior debt and $475 million of mezzanine debt facilities.
- Dubai, UAE-- Dubai real estate market recorded deals worth AED3.1 billion ($843 million) on Wednesday, according to Dubai Land Department....
The deals included 598 sales transactions worth AED1.55 billion, in addition to 68 mortgage deals of AED1.48 billion on Thursday.
The sales included 547 villas and apartments worth AED1.13 billion, and 51 land plots worth AED421.05 million.
- Dubai, UAE—UAE’s renewable energy company Masdar will invest 1 billion pounds ($1.20 billion) in British battery storage technology, Reuters said....
Masdar bought UK-based battery company Arlington Energy last year.
In January this year, Masdar signed agreements with three Angola, Uganda and Zambia to develop renewable energy projects with a combined capacity of up to 5 gigawatts (GW).
- Profits soared 43 percent to 1.2 billion dirhams ($327 million) despite higher oil prices as the United Arab Emirates carrier...
flydubai, which has been operating since 2009, reported a 72 percent rise in annual revenues and an 89 percent increase in passengers to 10.6 million.
The airline, based in the Middle East financial hub of Dubai, hired a record 1,300 employees and took delivery of 17 aircraft, another new high.
- Oil remains the most significant energy source in Japan, accounting for about 40 percent of the country’s total energy supply,...
The country imported 84.4 million barrels during the month, according to to the Agency for Natural Resources and Energy in Tokyo
Oil remains the most significant energy source in Japan, accounting for about 40 percent of the country’s total energy supply
- Dubai, UAE -Dubai Land Department (DLD), represented by the Real Estate Regulatory Authority (RERA), has signed a memorandum of understanding...
DLD is ramping up its efforts by providing an innovative and sustainable global real estate model
The agreement aims to enhance confidence in Dubai’s real estate sector by providing a safe and distinctive investment environment
- Egypt is focused on rebuilding the state and infrastructure. The country has dropped unemployment levels from 18 percent to 7.2...
Qatar businesses are invited to invest in the Egyptian economy and benefit from the opportunities, says the Egypt’s Prime Minister Dr Mostafa Kamal Madbouly
Egypt's infrastructure projects have contributed to creating economic dynamism and provided the appropriate framework to stimulate the private sector, he adds
- Lack of relevant skills, constant innovation in a highly disruptive world while keeping in mind budget constraints and cybersecurity remain...
Lack of relevant skills, driving constant innovation in a highly disruptive world while keeping in mind budget constraints and cybersecurity remain key concerns, says IDC official
Cybersecurity spending in the region is about US$4.8bn with prominent spenders being the public sector followed by banking and financial services, telecom and oil & gas, he adds
- PARIS, FRANCE - A French court on Tuesday dismissed a landmark case against TotalEnergies for a massive oil project in Uganda...
The six NGOs argued the development of the East African Crude Oil Pipeline (EACOP) failed to adhere to a "duty of vigilance"
It is a 2017 law that compels companies to avoid grave harm to human rights, health, safety and the environment





















