In a landmark move, the Saudi cabinet, chaired by HRH Crown Prince Mohammed bin Salman, has announced the cancellation of the fees imposed on expatriate labour in industrial facilities, reported SPA. This decision reflects the kingdom’s leadership's ongoing support for the industrial sector.
Acwa Power has announced that it has signed a co-operation framework with African Development Bank (AfDB) to significantly strengthen collaboration in the development and funding of power generation and water desalination projects worth up to $5 billion across Africa.
Action Energy Company (AEC), a leading Kuwaiti onshore drilling and oilfield services provider, has begun trading on Boursa Kuwait’s Premier Market following the completion of its private placement. It raised KD55.1 million ($180 million) from local and international investors.
Raimondi has announced the installation of six flat-top tower cranes for a major construction phase of Aljada, the large-scale master community development from Sharjah developer Arada. This marks the first time cranes from Raimondi T Series are being deployed at a GCC jobsite.
A consortium led by top European utility EDF Power Solutions has signed a 20-year power purchase agreement with Oman's Nama Power and Water Procurement for the development of the 120MW Jaalan Bani Bu Ali (JBB) wind power plant in the sultanate.
Dubai-based HRE Development has announced a landmark partnership with Mitsubishi Corporation, a global leader in engineering and technology, to create sustainable, future-ready communities that seamlessly blend Japanese innovation with nature-inspired design.
Tabreed, a leading district cooling company, has announced a sustainability partnership with Sparklo, a UAE-based cleantech company building smart recycling infrastructure. The collaboration will see the installation of 16 reverse vending machines – called Sparklomats – across the UAE.
TWMA, a global leader in drilling waste management, has announced the first receipt of drill cuttings at its newly-built treatment facility in Abu Dhabi. Designed to support over 100 rigs for a major UAE operator, it can process up to 300 tonnes of drill cuttings per day.
Indian Prime Minister Narendra Modi arrived in Oman today (December 17) for a two-day visit, marking a significant milestone in the long-standing friendship between India and Oman.
AD Ports Group has signed a shareholder agreement with Avesto Group, one of Tajikistan’s largest private industrial conglomerates, to establish a new joint venture company that will deliver integrated logistics and freight forwarding services across the country.
