Business & Money | Sunday 11 August, 2024 10:28 am

ACWA Power restructures debt, equity of Turkey’s ACWA GÜÇ

ACWA Power announced the restructuring of debt and equity in Turkey’s ACWA GÜÇ after the company and its related subsidiaries reached an agreement with the principal lenders and minority shareholders of ACWA GÜÇ. In a statement on Tadawul, the company explained that the outstanding loans ...

More Details

Business & Money | Sunday 11 August, 2024 10:14 am

Dubai Electricity and Water Authority PJSC announces record breaking First Half 2024 results

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), today reported its first half 2024 consolidated financial results, recording revenue of...

More Details

Business & Money | Sunday 11 August, 2024 9:54 am

VIM Solar Robotics to launch its first GCC facility in Ras Al Khaimah

 Australian technology company InSky Robotics is establishing its first GCC facility, VIM Solar Robotics, in Al Hamra, Ras Al Khaimah. This strategic move is designed to cater to the increasing demand for robotic solutions within the solar energy sector across the GCC region. The new...

More Details

Business & Money | Saturday 10 August, 2024 1:55 pm

ICBA Enhances Agricultural Research and Development Collaborations in Uzbekistan

The International Center for Biosaline Agriculture (ICBA) continues to enhance its agricultural research and development collaborations in Uzbekistan, supporting initiatives aimed at sustainable agricultural development in the country. During a visit to Uzbekistan, ICBA’s delegation led by...

More Details

Business & Money | Saturday 10 August, 2024 1:51 pm

Azizi Developments reaches 41% completion of Azizi Vista in Dubai Studio City

Azizi Developments, a leading private developer in the UAE, has announced the 41% construction completion of Azizi Vista in Dubai Studio City, one of Dubai’s most distinguished residential areas. Featuring studio apartments and one- and two-bedroom residences, the development’s projected...

More Details

Business & Money | Friday 9 August, 2024 11:19 am

Dubai Customs Completes Radiation Safety Assessment of Container Scanning Devices in Record Time

In its commitment to meet the needs and requirements of the Federal Authority for Nuclear Regulation aimed at enhancing occupational safety principles, Dubai Customs has successfully completed the radiation safety assessment of all container scanning devices at its customs centers in record time....

More Details

Business & Money | Friday 9 August, 2024 11:16 am

Tabreed’s Financial Results for H1 2024 show Company Reaping the Rewards of Investment

 Tabreed, the UAE’s leading international district cooling company, has released its consolidated financial results for the first six months of 2024 and announced changes to its Board of Directors.  The results demonstrate exceptional financial health driven by business growth,...

More Details

Business & Money | Friday 9 August, 2024 11:02 am

Sipchem signs $190M EVA project contract with Korean company

Sahara International Petrochemical Co. (Sipchem) signed today, Aug. 8, a $190 million (SAR 713 million) contract with South Korean engineering, procurement and construction (EPC) company SGC E&C Co. Ltd. to build the former’s petrochemical facility, Yonhap News Agency...

More Details

Business & Money | Friday 9 August, 2024 10:57 am

Royal Reserve’s Integrated Development Management Plan launched

The board of Prince Mohammed bin Salman Royal Reserve Development Authority, announced the launch of the Reserve’s Integrated Development Management Plan (IDMP). The board meeting was chaired on Thursday by Crown Prince and Prime Minister Mohammed bin Salman, who is also chairman of the...

More Details

Business & Money | Friday 9 August, 2024 10:56 am

REGA seeks public input on table of Off-Plan Sale and Lease Law violations

The General Authority for Real Estate (REGA) seeks public feedback on the table of violations of the Off-Plan Sale and Lease Law through Istitlaa platform, no later than Aug. 23. The authority indicated that the table includes penalties for 26 violations, with fines reaching up to SAR 500,000, ...

More Details