Business & Money | Wednesday 7 August, 2024 1:23 pm

EWEC launches Clean Energy Certificates for first time

Emirates Water and Electricity Company (EWEC) today announced the introduction of Clean Energy Certificates (CECs) for energy generated by the UAE's utility-scale Wind Programme. The wind energy CECs are available for purchase for the first time and further enable entities to achieve their...

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Business & Money | Wednesday 7 August, 2024 1:20 pm

DIFC, Ripple to accelerate adoption of Blockchain technology

Ripple, a specialised enterprise in blockchain and crypto solutions, has announced plans to partner with DIFC Innovation Hub, the thriving innovation ecosystem of the Dubai International Financial Centre (DIFC) to accelerate blockchain and digital asset innovation in the UAE. The new...

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Business & Money | Wednesday 7 August, 2024 1:16 pm

Dubai Chamber of Digital Economy promotes Expand North Star to 1,500 startups

Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, and Dubai World Trade Centre have successfully concluded its series of 12 international roadshows to promote Expand North Star, the world’s largest event for startups and...

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Business & Money | Wednesday 7 August, 2024 10:17 am

Sure bags SAR 10M project from NCNP

Sure Global Tech Co. was awarded, on Aug. 6, a one-year project by the National Center for Non-Profit Sector (NCNP) to operate and support the information technology services, at a total value of SAR 10 million, including VAT, according to a statement to Tadawul. The project entails developing ...

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Business & Money | Wednesday 7 August, 2024 10:14 am

Azizi Developments’ Beach Oasis reaches 33% construction milestone

Azizi Developments, a leading private developer in the UAE, has announced the 33% construction completion of Beach Oasis, its vibrant mixed-use community located in one of the emirate’s most dynamic and youthful areas, Dubai Studio City. Beach Oasis is scheduled for handover in Q2 of...

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Business & Money | Wednesday 7 August, 2024 10:01 am

Saudi Fund for Development Announces Celebration of 50 Years of Global Impact with Anniversary Event

The Saudi Fund for Development (SFD) will host a Gala Dinner on September 01, 2024, under the theme Celebrating 50 Years of Global Impact, commemorating five decades of driving sustainable global development and progress. Since its establishment in 1974, the SFD has been the main international ...

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Business & Money | Tuesday 6 August, 2024 1:59 pm

SABIC signs potential investment deal to build plant in China’s Fujian

Saudi Basic Industries Corp. (SABIC) signed today, Aug. 6, under the auspices of the Saudi Ministry of Energy, a potential investment agreement with the Fujian government to build an engineering thermoplastics compounding plant in Fujian Province in China. ...

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Business & Money | Tuesday 6 August, 2024 11:11 am

Ministry of Finance achieves advanced ranking in institutional resilience

Adding yet another feather to its cap, the Ministry of Finance (MoF) has secured an "advanced" position in institutional resilience, following a comprehensive assessment of its maturity level in this area.The evaluation, conducted in collaboration with the British Standards Institute (BSI), was...

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Business & Money | Tuesday 6 August, 2024 11:06 am

ADNOC signs long-term Heads of Agreement with Japan's Osaka Gas for Ruwais LNG project

ADNOC announced today the signing of a long-term Heads of Agreement (LNG agreement) with Osaka Gas, one of the largest utility companies in Japan, for the delivery of up to 0.8 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG). The LNG will primarily be sourced from...

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Business & Money | Tuesday 6 August, 2024 11:01 am

Saudi Steel Pipe, Aramco sign SAR 138M contract

Saudi Steel Pipe Co. (SSP) signed today, Aug. 5, a contract to supply pipes to Saudi Aramco, at an estimated value of SAR 138 million. In a statement on Tadawul, the company said the financial impact of the 12-month contract is expected to show during the second and third...

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