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PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Aramco, unit and Sinopec ink $4bn deal

The two companies will establish a joint venture company.

Etihad unveils new A321LR aircraft

A321LR features First Suite - a private, enclosed space with a sliding door.

Saudi Electricity Company targets net zero emissions by 2050

The Saudi Electricity Company (SEC) is the largest producer, transmitter, and distributor of electrical energy in the Middle East and North Africa.
  • The announcement was made during a special event SEC organized on the sidelines of the United Nations COP28 climate-change summit in Dubai
  • The SEC said it has signed seven agreements with leading local and international companies, including LUCI, Al-Fanar, Sal Italy, CHINT Saudi Arabia, Siemens, etc

Dubai, UAE – The Saudi Electricity Company (SEC), the largest producer, transmitter, and distributor of electrical energy in the Middle East and North Africa, announced on Tuesday that it seeks to reach net zero emissions by 2050 in line with the Saudi Arabia’s target to reach carbon neutrality by 2060 through the circular carbon economy approach.

SEC acknowledged its role in addressing climate change and achieving carbon neutrality, saying that it has developed a sustainable environment strategy for that goal.

The announcement was made during a special event SEC organized on the sidelines of the United Nations COP28 climate-change summit in Dubai, during which the company highlighted the company’s foundational environmental practices geared toward emission reduction and energy efficiency, including the development of a smart electricity transmission network and renewable energy stations.

The SEC said it has signed seven agreements and MoUs with leading local and international companies, including LUCI, Al-Fanar, Sal Italy, CHINT Saudi Arabia, Siemens, Schneider Electric Global, Huawei, IBM, and JAC.