Korea Electric Power Corporation (Kepco) has announced that it has secured contracts worth $1.4 billion from Saudi oil giant Aramco for the construction and operation of the second phase of the kingdom’s Jafurah cogeneration power plant which, on completion, will boast a 331MW capacity.
The Saudi economy is proving resilient in the face of the war in the Middle East thanks to strong fundamentals and diversified logistical and oil infrastructure, said an International Monetary Fund (IMF) mission statement.
Emirates NBD, a leading banking group in the region, has announced that its corporate advisory practice has chosen to implement Bloomberg’s globally recognised sustainability data and analytics, in a move aimed at providing strategic advice to UAE companies on financially material risks and opportunities.
A consortium led by Abu Dhabi National Energy Company (Taqa) with Saudi group Aljomaih Energy and Water Company and China's Sembcorp Industries has secured the contract for the Taweelah combined cycle gas turbine (CCGT) project in Abu Dhabi with a 2.6GW capacity.
Metal Park, the world’s first integrated Asset-as-a-Service ecosystem dedicated exclusively to the metal industry, has signed a strategic collaboration with SGS to strengthen inspection, testing, verification, and laboratory capabilities across the growing metal ecosystem in KEZAD, Abu Dhabi.
The World Cement Association (WCA) has announced that CBMI Construction Company has become its Associate Corporate Member. Established in 1959, CMBI is a global leading service provider of green and low-carbon solutions for the cement and building materials industry.
Mazad, the leading digital auction and marketplace platform in Bahrain and a Mumtalakat portfolio company, has announced the launch of a specialised training programme designed to empower graduates for careers in the development and management of digital marketplace and auction platforms.
Dubai Chambers has explored ways to strengthen trade and investment flows with South Africa’s Western Cape province during a recent meeting with Alan Winde, Premier of the Western Cape.
The UAE's non-oil private sector faced ongoing headwinds in May, as regional geopolitical tensions and supply-chain disruptions constrained growth and pushed operating costs up further.
Saudi Arabia’s non-oil private sector strengthened in May, as the latest Riyad Bank Saudi Arabia PMI showed output increasingly sharply as domestic demand improved and supply chains stabilised.
