QEWC 2023 net profit US$426m
QEWC market share in supply of electricity was 61 percent.Company News Business Energy
Americana revises timetable for concurrent dual listing on ADX, Saudi Exchange
The UAE Retail Offer and the KSA Retail Offer were oversubscribed by approximately 48.2x and 2.8x respectively.The UAE Retail Offer and the KSA Retail Offer were oversubscribed by approximately 48.2x and 2.8x respectively
The institutional offer was oversubscribed 65.5x, resulting in an aggregate oversubscription level of 58x
Etihad Airways and Garuda expand combined offerings to 42 destinations
Abu Dhabi, UAE----UAE's national carrier Etihad Airways and Garuda Indonesia, the national flag carrier of Indonesia, will nearly double the...The destinations across the Indonesian archipelago, South East Asia, Middle East, US and Europe were doubled after the two partners expanded their 2012 codeshare pact.
They also offer reciprocal miles accrual and redemption opportunities to members of Etihad Guest and GarudaMiles across both airlines' networks.
Saudi Airport to build a new airport in capital Riyadh
Saudi Arabia announced plans for a new airport in Riyadh while advancing the kingdom's ambitious aviation goals. The airport, set...The airport is set to accommodate 120 million travelers by 2030 and 185 million travelers by 2050.
The new airport is expected to be able to process 3.5 million tons of cargo by 2050, local media said.
Kazakhstan eyes energy takeovers after blackouts, ‘mismanagement’
ALMATY, KAZAKHSTAN - Kazakhstan warned Monday it could nationalize struggling energy companies in the oil-rich Central Asian country after the...Kazakhstan is a net exporter of energy, but high gas prices this year fueled historic and bloody protests.
Last month, Kazakh authorities said 65 percent of regional electricity networks needed repair.
ADIB enables digital solutions to support UAE IPOs’ push
ABU DHABI, UAE - Abu Dhabi Islamic Bank (ADIB) announced that its retail customers were able to conveniently participate in...ADIB said that 80 percent of clients subscribed to IPOs that were issued in 2022 through ADIB Mobile app.
ADIB is providing a quick and easy end-to-end process for IPOs subscriptions through mobile app.
Third Saudi Cruise Season begins as MSC Splendida arrives in Yanbu Port
Riyadh, Saudi Arabia--- Yanbu Commercial Port has officially kickstarted the third edition of the Saudi cruise season by berthing MSC...MSC Splendida, which arrived from Jeddah Islamic Port, marked the maiden cruise call for the current season that will run until May 2023.
Cruise Saudi, a PIF-owned business that oversees the development of the local cruise ecosystem, is trying to position the Kingdom as a premier global cruise destination.
Abu Dhabi Airports announces 4.7m passenger traffic in Q3 2022
ABU DHABI, UAE - Abu Dhabi Airports Monday said that in Q3 2022 passenger traffic totaled 4.7 million passengers, a...Abu Dhabi International Airport handled 144,083 tonnes of air freight in Q3 2022.
Third-quarter statistics confirm that 49,046 Air Traffic Movements (ATMs) were recorded across the five airports.
UK start-up behind algae-based packaging bids for Earthshot glory
Notpla -- whose mantra is "we make packaging disappear" -- is competing with 14 other firms for five prestigious awards,...Viral online interest has helped attract the attention of investors, with Notpla expanding rapidly to boast more than 60 employees
A recent OECD report found, at the current rate, worldwide plastic waste will triple by 2060 to one billion tones per year
Global Data Dialogue summit in Dubai to discuss AI, public policy, media
The summit will bring together data leaders, high-level government officials, entrepreneurs, technologists, scientists and journalists to engage in dialogue on...The summit will bring together data leaders, high-level government officials, technologists, scientists and journalists to engage in dialogue on making data a global good
Participants will be provided opportunities to network, and participate in plenary sessions, flash talks and a fact-checking workshop
Global economic crisis takes fizz out of MENA startups
MENA startups had begun the year with a deluge of funding from investors, but toward the year end a dark...The startups in the region have raised more than $2.5 billion this year and made more than 500 deals, according to estimates
The UAE raised $460 million in 24 deals in October, a huge boost compared to the country’s $27 million raised in September
