Business & Money | Wednesday 10 June, 2020 12:56 am

Masdar and Uzbekistan Government sign PPA agreement to develop landmark 500MW wind project

Masdar, one of the world’s leading renewable energy companies, has signed an agreement with the Ministry of Investments and Foreign Trade of the Republic of Uzbekistan and JSC National Electric Grid of Uzbekistan to design, finance, build and operate a 500-megawatt utility-scale wind farm...

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Business & Money | Tuesday 9 June, 2020 1:29 pm

Amaala’s Triple Bay Earthworks Underway With Saudi Real Estate Infrastructure Company, Binyah

AMAALA, the ultra-luxury destination located along Saudi Arabia’s northwestern coast, appointed Binyah, a Saudi Real Estate Infrastructure Company, to carry out the excavation, backfilling, and earthworks required to achieve the formation levels and grading of Phase I of the Triple Bay...

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Business & Money | Tuesday 9 June, 2020 12:26 pm

APICORP participates in financing the first Independent Sewage Treatment Plant in Saudi Arabia

The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, announced today that it has provided USD40 million in financing to the Kingdom of Saudi Arabia’s first Independent Sewage Treatment Plant (ISTP) sponsored by the private sector – out of a...

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Business & Money | Tuesday 9 June, 2020 12:23 pm

New Autonomous ITVS to Boost Operational Efficiency at Jebel Ali Port in Deal between DP World, UAE Region and DGWORLD

Leading trade enabler, DP World, UAE Region and the autonomous vehicle, robotics and AI specialist DGWorld has entered a contractual agreement to equip Jebel Ali Port with a fleet of Autonomous Internal Terminal Vehicles (AITV´s), including all related integrations in the existing operation...

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Business & Money | Tuesday 9 June, 2020 10:37 am

Samba launches instant credit card issuance service online

As part of its commitment to serve customer needs faster and more conveniently through its 24-hour electronic banking channels, Samba Financial Group recently launched an instant credit card issuance service through SambaMobile and SambaOnline. For the first time, the new service allows Samba...

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Business & Money | Tuesday 9 June, 2020 10:34 am

MBRSG releases COVID-19 report highlighting UAE’s swift and effective response to outbreak

The prompt and effective actions taken by the UAE to contain the spread of COVID-19 in the country has been outlined in a detailed report released by the Mohammed bin Rashid School of Government (MBRSG) in collaboration with the Knowledge to Policy (K2P) Center Faculty of Health...

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Business & Money | Tuesday 9 June, 2020 9:48 am

The Red Sea Development Company Announces Medical Services Contract Award

The Red Sea Development Company (TRSDC), the developer behind one of the world’s most ambitious tourism projects, has awarded a contract for the provision of medical services during the initial construction phase of the project. The contract was awarded following a competitive tendering...

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Business & Money | Tuesday 9 June, 2020 8:26 am

Enterprising Saudi businesses, citizens have market for cloth face masks sewn up

An industrious army of Saudi businesses and enterprising individuals has got the Kingdom’s booming new market for cloth face masks all sewn up.Since wearing masks in public areas and workplaces became mandatory in the country on May 30 as part of measures to stop the spread of the coronavirus...

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Business & Money | Tuesday 9 June, 2020 6:06 am

Framework Working Group Advances the G20 Action Plan

The G20 Framework Working Group (FWG) met virtually on June 8, 2020 to advance the G20 Action Plan – Supporting the Global Economy through the COVID-19 Pandemic –. The Action Plan was endorsed by the G20 Finance Ministers and Central Bank Governors during their meeting on April 15, 2020.The FWG ...

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Business & Money | Tuesday 9 June, 2020 6:00 am

Ericsson Response: 20 years of providing connectivity in emergencies

Ericsson Response, the company’s humanitarian relief program that focuses on providing connectivity to humanitarian workers and populations in affected areas, is celebrating 20 years of service. Find out about the key role the program plays enabling humanitarian response here. The mission...

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