DOHA, QATAR – The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice in February in the country amounted to US$382 million (QR 1,391,961,588). The data of the real estate analytical bulletin issued by the Ministry of Justice revealed...

The duration of each contract is of 22 months.

Doha, Qatar--The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice in January amounted to $521 million. The data of the real estate analytical bulletin issued by the Ministry of Justice revealed that (362) real estate transactions were recorded...

DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) has awarded a contract to upgrade the existing nol (card-based ticketing system) to a sophisticated, central wallet technology (account-based ticketing system), aligning with the top global practices. This project, which requires an investment of US$95 million (AED350 million), is one of...

Abu Dhabi, UAE -- The Abu Dhabi Judicial Department has introduced a new service that allows marriage contracts to be delivered instantly through text messages and approved electronic channels. This is the first service of its kind and it enables the marriage contract to be sent directly to the spouses...

Abu Dhabi, UAE – ADASI, the EDGE Group entity, a regional leader in autonomous systems and services, said on Thursday that it has signed an AED 239 million ($65 million) contract to supply GARMOOSHA unmanned aerial systems (UAS) to the UAE Ministry of Defence. "We are honoured to deliver our...

ABU DHABI, UAE – ADNOC on Thursday announced the final investment decision (FID) and award of contracts for the Hail and Ghasha Offshore Development project. The project aims to operate with net zero carbon dioxide (CO2) emissions, reinforcing ADNOC’s legacy of responsible energy production and supporting its Net Zero by...

Nearly US$615m will be paid to build carbon-capture units.

Tehran, Iran-- Iran will sign a long-term contract with India to develop Chabahar Port, according to the Islamic republic's minister of roads and urban development. Mehrdad Bazarpash emphasized that a long-term contract for the operationalization of Chabahar Port project with the Indians will be signed in the near future. He...

Firm won $109 million contract extending over four years.

AMMAN, JORDAN -The Kingdom’s Ministry of Energy and Mineral Resources has emphasized the significance of current and upcoming electrical interconnection initiatives to enhance the system and advance the energy sector. This move will ultimately help position Jordan as a hub for regional energy exchange in all its forms. According to...

According to an Iranian media outlet, a batch of advanced Yak-130 training aircraft flew into the Shahid Babaei Air Base in Isfahan in central Iran, part of the Islamic republic's arms contracts with Russia. The army's public relations department said that jets will improve the training and combat capability of...

Dubai, UAE -- The Dubai Gold & Commodities Exchange (DGCX) Tuesday said it is waiving trading, clearing and delivery fees for its Shariah Compliant Spot Gold Contract as it expects the move to increase trading volumes. In a statement, DGCX said after having received regulatory approval from the UAE Securities...

Muscat, Oman-- Oman LNG has signed an agreement with Securing Energy for Europe (SEFE) to supply 400,000 tonnes of liquefied natural gas a year from 2026. According to Oman News Agency, the agreement with the German company is based on a four-year contract. “The term-sheet signing with SEFE marks another...

Abu Dhabi, UAE: ADNOC Gas, the integrated gas processing company, announced on Wednesday the award of a $3.6 billion (AED13.1 billion) contract to the joint venture between National Petroleum Construction Company Co. and Tecnicas Reunidas to expand its gas processing infrastructure in the UAE.  The scope of the contract includes...

Riyadh, Saudi Arabia: Saudi energy and water desalination developer ACWA Power, along with Haji Abdullah Alireza & Co (HAACO) and Al Moayyed Contracting Group (AMCG) signed a contract with a consortium for the $677 million Rabigh 4 Independent Water Plant (IWP) project. The engineering, procurement and construction (EPC) contract was signed...

Firm will deliver a complete end-to-end managed service.

It will provide health insurance to SABIC staff and their families.

It won US$975mn artificial island construction contract.

Doha, Qatar--QatarEnergy, and its joint-venture partners TotalEnergies, Petrobras, and PETRONAS Petroleo Brasil Ltda. (PPBL) has signed the production sharing contract (PSC) for the Agua-Marinha block. The contract was awarded to the consortium on 19 December 2022 in the 1st Cycle Permanent Offer round by Brazil's National Agency of Petroleum, Natural...

Riyadh, Saudi Arabia - Saudi Arabia's Minister of Sports, Abdelaziz Al-Faisal, has reportedly added fuel to the speculation surrounding Lionel Messi and Karim Benzema's potential moves to the Gulf country, effectively ending their careers in European football.  Benzema is said to have received a staggering €400 million offer from an...

The firm will manufacture pipes for the global energy giant.

Washington, United States--Syria's economy is expected to contract 2.3% more than it otherwise would have due to the impact of last month's deadly earthquakes, the World Bank said on Monday. The earthquake and its aftershocks killed more than 50,000 people in Turkey and Syria, and displaced millions more. "The recent earthquake...

Announced at the International Defence Exhibition and Conference (IDEX 2023), the contract will be executed over four years.

Driven by Saudi Arabia's construction sector, near-term forecast remains positive for the GCC with more than $110bn worth of projects in the tender stage.

Doha, Qatar-- World Cup hosts Qatar announced Friday that national coach Felix Sanchez had been let go with the end of his contract after the team's dismal World Cup where they failed to get a point from their group games. The Qatar Football Association said it had decided "not to extend...

The Portuguese football star Cristiano Ronaldo has signed for Al Nassr of Saudi Arabia in a deal believed to be worth more than $200 million. The 37-year-old former Manchester United, Real Madrid and Juventus player said that he can't wait to discover a new football league in a different country.

Pentagon announced Wednesday it has awarded $9 billion in cloud computing contracts to Amazon, Google, Microsoft and Oracle.

Two affiliates of ABB pleaded guilty to bribery charges.

Both employers and employees stand to benefit from the UAE's recent labor law amendments, Ben Brown, Partner at the law firm Addleshaw Goddard, tells TRENDS.

The award is aimed at upping lower-carbon-intensive production capacity.

Tehran, Iran— Iran announced Sunday a contract with Russia to supply it with 40 turbines to help its gas industry amid Western sanctions over Moscow's war in Ukraine, local media reported. Iran's "industrial successes are not limited to the fields of missiles and drones," Iranian Gas Engineering and Development Company's CEO,...

Having spent months trying to break free of the $44 billion buyout contract, Elon Musk now says he is "excited" about taking over Twitter. The social media giant had filed a lawsuit to hold Musk to the terms of the deal he inked in April after the Tesla chief said...

Amid crippling energy shortages, the British government is negotiating with Qatar and Norway to secure new long-term gas contract, according to media reports. The reports said that Prime Minister Liz Truss is in favor of the deal, which would secure long-term energy sources and cut down the cost of the...

It won a $40 million contract from Aramco to supply pipes.

Abu Dhabi National Oil Company (ADNOC) Monday announced the award of a US$548 million (AED2.01 billion) contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi.

The contracts were awarded to ADNOC Drilling.

A total of 1,200 economic activities have been granted one-year exemption from a lease contract for work premises as a prerequisite to issuing an economic license by the Abu Dhabi Department of Economic Development (ADDED). The economic activities included in this initiative represent 29.5 percent of total economic activities licensed...

This is the first collaboration between Drydocks World and KANFA AS.

The amount awarded represents 20 percent of the total allocated to investors abroad, Governor of SAGO, Ahmad Al-Fare said.

Finnish-led consortium Fennovoima said on Monday it has terminated a contract with Russian group Rosatom to build Finland's third nuclear power plant, citing risks linked to the Ukraine war.

Gas giant Algeria threatened Wednesday to break a contract to supply gas to Spain if Madrid transferred it onwards to "a third destination", amid tensions with regional rival Morocco. Algeria's state-owned energy giant Sonatrach supplied more than 40 percent of Madrid's natural gas imports in 2021.

Legal and business leaders tell TRENDS that the new legislation is in line with the industrial modernization roadmap that the country has undertaken.

France says Amazon’s seller contracts have ‘unbalanced’ clauses.

The Saudi real estate firm will develop club's land in Riyadh.

The $125m deal includes engineering works for PAHW.

The deals were signed at the eighth edition of EcoWASTE.

Emaar EC signed the $16-million contract with SAFE.

The company will manage all components of Zamzam water well.

Dubai’s Roads and Transport Authority (RTA) has signed a contract for the procurement of 2,219 new vehicles to enhance the fleet of the Dubai Taxi Corporation (DTC).