INSEAD Day 4 - 728x90

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

TRSDC of Saudi Arabia partners with an Austrian biotech firm to produce seafood

  • "The initiative is in response to “growing consumer demand for sustainable protein”
  • BPE will specifically provide the Land-based Automated Recirculating Aquaculture (LARA) system, which mimics a natural aquatic ecosystem

The Red Sea Development Company (TRSDC) of Saudi Arabia has partnered with an Austrian biotechnology firm, Blue Planet Ecosystems (BPE), to produce seafood, and to conduct algae production in a desert environment.

The initiative is in response to “growing consumer demand for sustainable protein,” the Red Sea company chief John Pagano said.

“Our partnership with Blue Planet Ecosystems means working together to set a new global standard in sustainable, multitrophic desert aquaculture where we can literally turn sunlight into seafood,” he added.

BPE will specifically provide the Land-based Automated Recirculating Aquaculture (LARA) system, which mimics a natural aquatic ecosystem.

“The LARA system has a minimal environmental footprint and will not only help feed our guests and residents sustainably but will aid in carbon sequestration for our flagship destination as well as future projects on the Red Sea coast,” Pagano said.

The first phase of the project will be implemented as a pilot to assess whether conditions at the Red Rea project are suitable for the solution to work effectively.