Business & Money | Tuesday 31 December, 2024 9:38 am

ACWA Power signs SAR 2.64B financing for wind power plant in Egypt

ACWA Power Co. signed on Dec. 30 financing agreements for the development, construction, operation and maintenance of a 1,100-megawatt wind power plant in Suez Governorate, Egypt. The project, valued at SAR 2.64 million, will be financed over a period of 20 years. In a statement to...

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Business & Money | Monday 30 December, 2024 12:37 pm

Economic Content Creators Programme explores engaging storytelling techniques in its second week

The second week of the Economic Content Creators Programme, organised by the Dubai Press Club with the support of the Ministry of Economy, featured expert-led lectures and workshops on crafting engaging stories and understanding the global economic landscape, including the influence of financial...

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Business & Money | Monday 30 December, 2024 12:34 pm

Number of factories in Saudi Arabia crosses 12,000: Alkhorayef

The number of factories in Saudi Arabia has surpassed 12,000, reflecting significant investments driven by strong demand and stability, particularly in local content, Minister of Industry and Mineral Resources Bandar Alkhorayef said. In an interview with Al Ekhbariya, Alkhorayef emphasized...

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Business & Money | Monday 30 December, 2024 10:58 am

Ministry of Energy and Infrastructure marks notable achievements in 2024

The UAE, through the Ministry of Energy and Infrastructure, has made notable achievements across the energy, infrastructure, housing, and transportation sectors during 2024. These achievements are a testament to its steadfast commitment to enhancing sustainable development and ensuring the...

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Business & Money | Monday 30 December, 2024 10:35 am

Dubai International Project Management Forum 2025 attracts over 50 local, international speakers

Under the patronage of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Executive Council of Dubai, the Dubai International Project Management Forum (DIPMF) will host its 10th edition from 13th to 16th...

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Business & Money | Monday 30 December, 2024 10:27 am

117th Open Auction for Number Plates generates over AED81 Million

The 117th open auction for exclusive vehicle number plates in Dubai achieved total revenues of AED81.178 million, marking the highest proceeds in the history of Roads and Transport Authority (RTA) auctions since their inception. The auction, held on Saturday, 28th December 2024 at the...

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Business & Money | Monday 30 December, 2024 10:25 am

UAE Aviation Sector: Global awards, ambitious investments bolster leadership

The UAE has solidified its position as one of the world's leading aviation hubs in 2024, given its significant advancements that include increased infrastructure investments, clean energy initiatives, and expanded seating capacity at major airports. The aviation sector's performance reflects...

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Business & Money | Monday 30 December, 2024 10:22 am

ADNEC Group announces collaboration with Tawazun Council as strategic partner for IDEX and NAVDEX 2025

ADNEC Group has announced its collaboration with Tawazun Council as a strategic partner to organise the largest edition of International Defence Exhibition (IDEX) and Naval Defence Exhibition (NAVDEX), which will be held under the patronage of President His Highness Sheikh Mohamed bin Zayed Al...

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Business & Money | Monday 30 December, 2024 10:13 am

SHUAA Capital approves launch of MCB tranches

SHUAA Capital has announced the approval of two Mandatory Convertible Bond (MCB) tranches by its Board of Directors, with a total value of up to AED425.5 million. This marks the final step in SHUAA's capital optimisation journey, reinforcing its strategic focus on delivering value to...

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Business & Money | Monday 30 December, 2024 10:11 am

Saudi Parts Center completes SAR 1.1M deal to supply truck filters

Saudi Parts Center Co.  announced the completion of a deal to supply filters for heavy trucks for a total value of SAR 1.07 million, excluding value-added tax.  In a statement to Tadawul, the company pointed out that the financial impact of the deal will appear in December...

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