Business & Money | Tuesday 2 July, 2024 9:11 am

Arabian Pipes wins SAR 293M supply contract from Denys Arabia

Arabian Pipes Co. was awarded, on July 1, a contract worth nearly SAR 293 million to supply steel pipes to Denys Arabia Co. for the second phase of Jafurah field project, the company said in a statement to Tadawul. The contract is valid for 10 months, Arabian Pipes noted, adding that...

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Business & Money | Tuesday 2 July, 2024 8:52 am

ACWA Power inks SAR 1.4B financing deals for Tashkent's Riverside power plant

ACWA Power Co. said that ACWA Power Riverside Solar Energy Holding signed today, July 1, financing agreements worth SAR 1.4 billion with a consortium of development finance institutions, funds and international commercial lenders, according to a Tadawul statement.   The consortium...

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Environment & Energy | Tuesday 2 July, 2024 8:46 am

Saudi Arabia announces new oil, natural gas discoveries in Eastern Province, Empty Quarter

Saudi Arabia announced today the discovery of new oil and natural gas fields in the Eastern Province and the Empty Quarter, announced Minister of Energy Prince Abdulaziz bin Salman "Saudi Aramco has discovered two unconventional oil fields, one Arabian light oil reservoir, two natural gas fields,...

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Business & Money | Tuesday 2 July, 2024 8:42 am

PIF makes SAR 64B profit in 2023

The Public Investment Fund (PIF) generated SAR 64.4 billion profit, against losses of SAR 14.7 billion a year earlier, backed by a 101% year-on-year (YoY) surge in revenues. Topline increased on income from investment activities, which reached SAR 93.8 billion, as Softbank swung to profits after...

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Sports | Monday 1 July, 2024 1:38 pm

Esports World Cup and HONOR Sign Technology Partnership for Mobile Competitions

The Esports World Cup Foundation (“EWCF”) and HONOR, a global technology leader, have announced a main partnership for the Esports World Cup (“EWC”), the world's largest gaming festival set to take place this summer in Riyadh, Saudi Arabia. The HONOR 200 Pro will be the official smartphone...

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Business & Money | Monday 1 July, 2024 11:32 am

FAMCO Qatar Signs Major Agreement To Supply 25 Volvo Heavy-Duty FMX460 4x2 Trucks to Al Nasr Holding

Doha, Qatar – Al-Futtaim Auto and Machinery Company (FAMCO) Qatar is pleased to announce the successful sale of a large fleet of VOLVO FMX460 4x2 Heavy-Duty Tractor Head trucks to Al Nasr Holding (Venture Gulf Engineering), a leading business conglomerate in Qatar. The sale was finalized on May...

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Business & Money | Monday 1 July, 2024 10:15 am

Clemta: All-in-One Platform for Entrepreneurs Expanding into the US and Global Market

Against a backdrop of 5.5 million new businesses created in the US in 2023, leading company formation and financial management platform Clemta continues its global expansion via technical infrastructure development and adding Arabic language support. The Certified Acceptance Agent recognized by the ...

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Business & Money | Monday 1 July, 2024 9:23 am

DEWA’s accommodation complex in Warsan receives LEED Platinum Rating

Dubai Electricity and Water Authority (DEWA)’s Accommodation Complex in Warsan has received the Platinum Rating in the LEED (Leadership in Energy and Environmental Design) awarded by the US Green Building Council (USGBC). This makes it the first multifamily project in the world to receive...

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Tourism & Hospitality | Monday 1 July, 2024 9:19 am

Amna Al Dahak emphasises UAE's commitment to collaborating with BRICS on food security, trade, and environmental conservation

Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment (MOCCAE), emphasised the UAE's commitment to collaborating with BRICS countries on joint food security initiatives and the expansion of food trade among member nations. Dr. Al Dahak also stressed cooperation in...

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Business & Money | Monday 1 July, 2024 9:16 am

Ajman’s GDP rises to AED36 billion in 2023 : Statistics Centre

Preliminary estimates of Ajman's Gross Domestic Product (GDP) for the year 2023, issued by the Ajman Statistics Centre, reveal the emirate's robust economic performance and positive growth rates. The emirate achieved a GDP at current prices exceeding AED36 billion, compared to AED33.9 billion...

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