ADES Holding Co. signed on Aug. 11, contracts to operate six onshore rigs in Kuwait by Kuwait Oil Co. (KOC) at a total value of SAR 2.42 billion, according to a statement to Tadawul. Operations are estimated to start in Q2 and Q3 2025 and will extend for five years, with an option to extend...
The highly anticipated Fourth Edition of the Red Sea International Film Festival, scheduled from December 5 to 14, 2024, has officially opened early bird accreditation which includes access to the Red Sea Souk (7-11 December) — the largest film market in the region. This essential industry event...
The National Water Company (NWC), represented by its Southern Cluster, announced the completion of the second phase of the drinking water network project in the city of Najran and Shroura governorate. The project aims to increase coverage and provide water to more than 106,000 of the company's...
ACWA Power announced the restructuring of debt and equity in Turkey’s ACWA GÜÇ after the company and its related subsidiaries reached an agreement with the principal lenders and minority shareholders of ACWA GÜÇ. In a statement on Tadawul, the company explained that the outstanding loans ...
Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), today reported its first half 2024 consolidated financial results, recording revenue of...
Australian technology company InSky Robotics is establishing its first GCC facility, VIM Solar Robotics, in Al Hamra, Ras Al Khaimah. This strategic move is designed to cater to the increasing demand for robotic solutions within the solar energy sector across the GCC region. The new...
The International Center for Biosaline Agriculture (ICBA) continues to enhance its agricultural research and development collaborations in Uzbekistan, supporting initiatives aimed at sustainable agricultural development in the country. During a visit to Uzbekistan, ICBA’s delegation led by...
Azizi Developments, a leading private developer in the UAE, has announced the 41% construction completion of Azizi Vista in Dubai Studio City, one of Dubai’s most distinguished residential areas. Featuring studio apartments and one- and two-bedroom residences, the development’s projected...
In its commitment to meet the needs and requirements of the Federal Authority for Nuclear Regulation aimed at enhancing occupational safety principles, Dubai Customs has successfully completed the radiation safety assessment of all container scanning devices at its customs centers in record time....
Tabreed, the UAE’s leading international district cooling company, has released its consolidated financial results for the first six months of 2024 and announced changes to its Board of Directors. The results demonstrate exceptional financial health driven by business growth,...