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$294m deal awarded for Kuwait's South Sabah Al Ahmad City work
Kuwait's Public Authority for Housing Welfare (PAHW) has awarded a KD90.1 million ($294 million) contract for the construction of roads and infrastructure networks covering 6,568 homes across four residential suburbs within South Sabah Al Ahmad City.
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Pathfinder announces $325m Silver Rock investment
Pathfinder, a leader in pioneering retail technology solutions, has announced an investment of $325 million from Silver Rock Group.
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Ewec issues RFPs for 400MW battery energy storage system
Emirates Water and Electricity Company (Ewec) has issued request for proposals (RFPs) to all 27 qualified developer/developer consortiums for setting up an independent greenfield 400MW Battery Energy Storage System (BESS) power project in Abu Dhabi.
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Bahrain national origin non-oil exports dip 6pc to $2.37bn in Q2
Bahrain’s non-oil exports of national origin has fallen 6% to BD894 million ($2.37 billion) in Q2 2024 compared to the same quarter in 2023.
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Statevolt Emirates: a giga leap for battery technology
The $3.2-billion Statevolt Emirates project will be the first gigafactory at large scale dedicated to battery production in the UAE, helping to accelerate the country’s positioning as a leader in green transition, says CEO Lars Carlstrom in an interview.
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UAE, China sign deals, MoUs to boost energy, industry ties
Agreements and MoUs have been signed by UAE and China in vital areas and sectors of common interest, within the framework of the Comprehensive Strategic Partnership (CSP) during a UAE ministerial visit to China.
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Qatar Airways places order for 20 more Boeing 777-9 jets
Qatar Airways has signed a deal with Boeing for supply of 20 more 777-9 airplanes, set to be the world’s largest and most fuel-efficient twin-engine jets. With this order, the Qatari flagcarrier’s 777X order book has now risen to nearly 100 airplanes.
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Zain KSA revenue in H1 soars to $1.3bn; net profit up 60pc
Zain KSA, a major telecom company in the kingdom, has posted solid results for H1 with SAR5 billion ($1.3 billion) revenue and a 60% jump in net profit, thanks to its strategy focused on enhancing customer experience and expanding next-gen technologies.
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RTA announces $299m purchase deal for new Euro6 buses
Dubai's Roads and Transport Authority has announced order worth AED1.1 billion ($299 million) for the purchase of 636 buses of various sizes that comply with European specifications for low carbon emissions (Euro 6). Of these, 40 will be electric buses.
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Masdar, Endesa forge $1.84bn renewable energy deal in Spain
Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy leader, said it will soon become a partner for 2.5 gigawatts (GW) of renewable energy assets in Spain, under an agreement with Endesa, a Spanish multinational electric utility company.
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Al Arabiya Network launches podcast hub for Arab listeners worldwide
Al Arabiya Network, the Arab world’s leading source of news, has launched its brand-new podcast hub, Mazeej that will be run by established media personalities, who will bring to life contemporary issues from around the world.
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Abu Dhabi signs up multinational consortium to build student facilities
A multinational consortium comprising Australia’s Plenary, Belgian-French group Besix and Mazrui has been signed up by Abu Dhabi to build student facilities at Khalifa University. Once ready, it will boast 3,260 single ensuite rooms across two campuses.
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Presight’s AI workshop offers insights to top government officials
Presight, Middle East’s top big data analytics company powered by Generative AI, hosted a workshop on the potential of artificial intelligence (AI) for the public sector that took place in Addis Ababa, Ethiopia, in partnership with Open Innovation AI.
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