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Dewa launches tender for Phase VII of MBR Solar park
Dubai Electricity and Water Authority (Dewa) has launched a tender for the construction of Phase VII of Mohammed Bin Rashid Al Maktoum Solar Park, the world’s largest single-site solar park being implemented under the IPP model.
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Axor hosts exclusive event for Russian architects in Dubai
Axor, a major brand from leading German sanitary fittings group Hansgrohe, hosted an exclusive event for 60 Russian-speaking designers and architects in Dubai. The 'From Schiltach with Love' evening saw Axor’s wide-ranging collections on display.
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KBR secures PMC contract for $2bn Angola fertilizer plant
KBR, a leading provider of engineering and technology solutions, has secured a project management consultancy (PMC) services contract from Angolan group Amufert to support the development of its $2 billion project coming up in the country's Soyo region.
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Saudi national debt unit completes €2.25bn bond issuance
Saudi Arabia's National Debt Management Center (NDMC) has announced the successful completion of €2.25 billion investor orders for its euro-denominated bonds under the kingdom's Global Medium-Term Note Issuance Programme (GMTN).
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75% UAE residents expect bonus this year: survey
A record 75% of residents in the UAE are expecting a bonus in 2025, according to a new survey by YouGov commissioned by Zurich International Life Limited.
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Emsteel launches new programme to expand product portfolio
Emsteel, a key steel and building materials manufacturer in the region, has announced the launch of its strategic initiative with a CapEx of AED625 million ($170 million) designed to enhance production capabilities and introduce advanced steel solutions.
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Air transport safety performance stays strong: IATA
The air transport industry delivered another year of strong overall performance in on safety including showing improvements on the five-year average for several key parameters, IATA's 2024 Annual Safety Report said.
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stc Group posts robust growth for 2024; revenue soars to $20bn
Leading Saudi telEcom group and digital enabler stc has delivered solid results for FY 2024 with a 85% jump in its net profit which soared to hit SAR24.7 billion ($6.6 billion) and a revenue of SAR75.8 billion ($20 billion) for the 12-month period.
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Palma unveils $1.36bn upscale residential community in Dubai
UAE developer Palma has announced the launch of Serenia District, a AED5 billion ($1.36 billion) upscale residential community in Jumeirah Islands. Spanning 600,000 sq ft area, it features six integrated towers, centred around six unique lifestyle zones.
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QNB Oman, Karwa Motors sign $43m financing deal
QNB Oman has signed a strategic financing agreement worth $43 million with Karwa Motors, a joint investment project between Qatar and Oman.
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TWMA breaks ground on Abu Dhabi drilling waste management facility
TWMA, a global leader in drilling waste management, has officially broken ground on its latest facility in Habshan, Abu Dhabi. Scheduled for completion later this year, the cutting-edge facility is expected to be operational by summer 2025.
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Alba wins six major US safety council awards
Aluminium Bahrain (Alba), the world’s largest smelter on one site, has snapped up six major awards from the National Safety Council (NSC) – USA for 2025. Alba’s haul includes: Million Work Hours Award, OSHE, Safety Leadership Award and Improvement Award.
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Bahrain EDB hosts high-level French business delegation
The Bahrain Economic Development Board (Bahrain EDB) hosted a high-level business delegation from France as part of a two-day visit organised by the investment promotion agency in collaboration with MEDEF, the first network for entrepreneurs in France.
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Bisconni to set up $30m factory in Kezad
Kezad Group, the largest operator of integrated and purpose-built economic zones, and Bisconni Middle East Manufacturing have signed a land lease agreement for the establishment of a state-of-the-art manufacturing facility in Kezad A.
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