$69B Stake in Petrochemical Firm, SABIC Acquired By Saudi Aramco

Saudi Aramco signed a $69.1 billion deal to purchase a 70 percent share in petrochemical firm SABIC, helping pump capital into the kingdom’s sovereign wealth fund that the crown prince oversees. .... Read more »

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900MW Tender Lauched by Dewa for the 5th Phase of Solar Park

Dubai Electricity and Water Authority (Dewa) has issued a tender for the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park that will construct 900 megawatts (MW) of electricity using photovoltaic solar panels, based on the independent power project (IPP) model..... Read more »

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Kuwaiti - India Investments for Infrastructure and Power Sectors

India, promoting its growth prospects, has proposed for investments from oil rich Kuwait across various sectors containing infrastructure and power..... Read more »

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Saudi Arabia Launches New $1.5bn Aspects of Solar Energy Plan

The Renewable Energy Project Development Office of Saudi Arabia's Ministry of Energy, Industry and Mineral Resources (MEIM) have unveiled the next stage of the kingdom's renewable energy plans. Matter of interest are being sought for seven solar projects during the launch of the National Industrial Development and Industrials Program ..... Read more »

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Emirate's Power Production Experiences Boost

Siemens Energy to supply combined-cycle plant to Abu Dhabi.... Read more »

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Dubai Exporters Strategies For 2030

Dubai Exporters, has seen economy change that has successfully implemented over 60% of its initiatives designed in support of the Dubai Industrial Strategy 2030 in the first phase. The overall outcomes of the Phase 1 initiatives, which were endorsed by the General Secretariat of the Executive Council of Dubai, and sector-wise requirements as well as plans for 2019 were recently reviewed by Dubai Exports in a meeting held in accordance with its role in developing exports and driving industrial growth in Dubai. .... Read more »

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Vertical Farming Is Boosting The UAE's Crop-Producing Capacity

Vertical farming is boosting the UAE's crop-producing capacity, helping the country build a sustainable future. According to statistics, the UAE imports 80 per cent of its food, which is a major challenge for the country's food security. To address the situation, steps are being taken to restructure the food supply chain..... Read more »

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TVS Motor Enters UAE After Collaborating With Al Yousuf MC

As part of the association, the two-wheeler manufacturer has opened a 2700 sq.ft. Showroom along Sheikh Zayed road in Dubai and the outlet is the first-of-its-kind in the region for the brand. The 3S dealership will not only cater to sales but will also carry spares and feature a service facility, the company said in a statement..... Read more »

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Brand New Ford Escort Launched In UAE By Al Tayer Motors

Al Tayer Motors, the UAE’s official importer-dealer for Ford vehicles, launched the new Escort to customers at its Sheikh Zayed Road showroom in Dubai. the new Escort is tailored for customers looking for great value, sophisticated design, interior roominess and superior safety features in a small car..... Read more »

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Equatorial Guinea Heads towards PSCs for New Oil and Gas Blocks

the government of Equatorial Guinea last year offered 27 free blocks for exploration. The licensing round created interest from 53 companies and resulted in 17 bids. The memorandums with the winning companies were signed on the sidelines of the Atlantic Council’s Global Energy Forum in Abu Dhabi..... Read more »

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