Emirates Steel Arkan's CEO, Saeed Ghumran Al Remeithi, stated that the company is exploring and entering new markets in Asia and Africa to increase its global competitiveness..... Read more »
Posted on : 9/8/2022
Saudi Energy Company Aramco said its profits jumped 90% in the 2nd quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion. The increase is a bonus for the kingdom and the crown prince’s spending power as people around the world pay higher gas prices at the pump while energy companies rake in top earnings..... Read more »
UAE’s giant Abu Dhabi National Oil Company (ADNOC) has awarded framework agreements described as “largest-of-its-kind” totalling $1.83 billion (AED 6.72 billion) for drilling-related services to five firms..... Read more »
The US-based pharmaceutical technology business Gabri Labs has revealed plans to build a 10,000 square foot facility to manufacture medical devices close to home..... Read more »
Posted on : 9/7/2022
Oman is conducting feasibility studies to assess the potential for setting up wind parks in coastal areas of the Dhofar and Al Wusta governorates..... Read more »
The two companies will jointly work on projects to establish best practices in buildings design, systems, and services while also offering solutions to Net Zero as applicable to individual undertakings.... Read more »
The Food and Beverage (F&B) cluster and capabilities within Jebel Ali in Dubai have been strengthened as a result of DP World UAE's signing of two new development projects with international agricultural commodity processors..... Read more »
Posted on : 9/5/2022
The Dubai Electricity and Water Authority (DEWA) has issued an update indicating that the Mohammed bin Rashid Al Maktoum Solar Park is still targeting 5 GW of generation capacity within this decade..... Read more »
Posted on : 8/29/2022
The Dubai Electrical energy and Water Authority (DEWA) right now shared an replace on the progress of the buildout of each the fourth and fifth phases of the 5,000-MW Mohammed bin Rashid Al Maktoum photo voltaic park..... Read more »
Emirates Development Bank (EDB), the state-owned lender focused on financing the UAE's priority sectors, boosted funding to industrial companies by 418 % during the 1st half of 2022 to drive the sector's growth..... Read more »
Posted on : 8/11/2022