Monday 27 March 2023

GCC economies to see slower growth in 2023: ICAEW

The pace of GDP growth in the GCC is expected to more than halve to 2.8% this year, from 7.5% last year as energy output growth slows and high inflation and greater borrowing costs weigh on demand and economic activity, a report said. The latest Economic Insight report for the Gu


Saudi investment in industrial sector soars to $380 trillion

Saudi Arabia’s total volume of investments in the industrial sector reached SR1,428 trillion ($xx) in December 2022, with a total of 10,518 factories in operation, according to the latest data released by the Kingdom’s Ministry of Industry and Mineral Resources. The numbe


Saudi Taqa, Reykjavik to set up new geothermal energy venture

Saudi industrialisation and energy services company Taqa has joined hands with Reykjavik Geothermal to launch its new venture that will develop geothermal resources for the region and further contribute to its green initiatives' decarbonisation targets.   He


Emirates Global Aluminium unit wins key Guinea certification

Emirates Global Aluminium’s (EGA) mining subsidiary Guinea Alumina Corporation (GAC) has attained the first certification in the Republic of Guinea to the Aluminium Stewardship Initiative’s Performance Standard.   EGA is the largest industrial compan


AD Ports Group to develop new multipurpose terminal in Congo

AD Ports Group, a leading global facilitator of trade, logistics, and industry, signed today (March 15) a Head of Terms (HoT) with the Ministry of International Cooperation and Promotion of Public Private Partnership of the Republic of Congo, for a new multipurpose terminal in Pointe-Noire in


Buckingham to lead Coca-Cola's Mideast operations

Coca-Cola Group has appointed Andrew Buckingham as its Vice President and General Manager for Middle East region.   Bringing more than 23 years of international experience working within Coca-Cola to his new role, Buckingham will continue the company's goal


Sharjah Retail, Ruwad to offer key incentives to SMEs, entrepreneurs

The Sharjah Retail Group of the Sharjah Cooperative Society and the Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad) of the Sharjah Economic Development Department have signed an agreement to work together to better serve entrepreneurs, business owners, and SMEs in the Emirate o


Saudi PIF unveils key initiatives to boost private sector growth

Saudi Arabia's wealth fund Public Investment Fund (PIF) has launched a suite of three new initiatives - Local Content Growth Programme (Musahama); Suppliers Development Programme and Private Sector Hub - aimed at supporting and enabling the private sector.  


Hydrom in deal to develop green hydrogen projects in Oman

In a major step towards achieving sustainable energy goals, Hydrogen Oman (Hydrom) today (March 14) signed multiple term sheets with a number of developers specialising in green hydrogen projects.    A subsidiary of Energy Development Oman, Hydrom


Jinko Power awarded its first solar project in Oman

Jinko Power has announced that it has been awarded the 500 MWac Manah II Solar PV project by Oman Power and Water Procurement Company (OPWP), to develop, own and operate the project on an IPP basis.    The project was awarded through a competitive bidding c

‹ First  < 4 5 6 7 8

calendarCalendar of Events