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DEWA okays $843m in H2 2024 dividend

DEWA had posted a net profit after tax of $1.96 billion for the full year 2024.

Dar Alarkan 2024 profit up 32%

The company's net profit increased by 81.5 percent in Q4 2024.

ADNOC Drilling approves $788m dividend

The final cash dividend of $394m for 2024 was approved at the AGM.

Google says to buy Wiz for $32 bn

The all-cash deal brings Wiz into the Google Cloud operation.

Borouge proposes share buyback

The company had posted a 24% YoY increase in net profit to $1.24bn.

UCC Holding signs contracts for seven Kazakhstan projects

UCC signed two energy contracts. (UCC)
  • The first contract with QazaqGas includes two gas treatment plants:1 BCMA Gas Processing Plant Project and 2.5 BCMA.
  • The second contract includes the construction of a combined cycle gas turbine (CCGT) power plant with a total capacity of about 1,100 MW in the Kyzylorda region.

Doha, Qatar — UCC Holding, a Qatari company, has signed two energy contracts for seven projects in Kazakhstan.

The first contract with QazaqGas comprises two gas treatment plants:1 BCMA Gas Processing Plant Project and 2.5 BCMA and the construction of a New Compressor Station CS-14 and Main Gas Pipeline CS-14 – Kostanay Project, and the construction of the second line of the Beniu-Bozoy-Shymkent gas pipeline project (BBS).

The contract was signed by Mohammed Moutaz Al-Khayyat, representing UCC Holding in his capacity as Chairman, and Sanzhar Zharkeshov, representing QazaqGas, as CEO.

The second contract with the Ministry of Energy encompasses a contract for the construction of a combined cycle gas turbine (CCGT) power plant with a total capacity of about 1,100 MW in the Kyzylorda region, an MoU for a gas treatment plant with a capacity of 6 (4+2) billion cubic meters in the Kashagan field (Phase 2B).

The contract and MoU were signed by Minister of Energy  Almassadam Satkaliyev on behalf of the Ministry and Mr. Mohamed Moutaz Al Khayyat on behalf of UCC Holding in his capacity as Chairman.

Qatar Amir Sheikh Tamim bin Hamad Al-Thani and President of the Republic of Kazakhstan Kassym-Jomart Tokayev witnessed the signing.