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Business
UAE’s ADNOC, TAQA to produce more than 30GW of renewable energy by 2030
Abu Dhabi National Oil Company (ADNOC) is launching a new venture with Abu Dhabi National Energy Company (TAQA) to create a powerhouse with capacity of at least 30 GW of renewable energy by 2030, according to the company’s statement.
The…
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China Evergrande dissolves some units of online marketplace
China Evergrande Group has dissolved several district-level units of Fangchebao (FCB), its online real estate and automobile marketplace, due to shrinking capital and business, Chinese media outlet Cailianshe reported on Wednesday, citing…
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Oman’s OQ may list some energy assets on local market
Oman's OQ is considering local listings for some of its downstream and upstream assets but has no plan to float the parent company now, a senior executive at the state-owned energy group told Reuters on Tuesday.
Oman is following Saudi…
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Saudi courts oversee arbitrations, rulings worth billions
Saudi enforcement courts have undertaken 297 applications for the enforcement of foreign rulings, and local and foreign arbitration awards worth SR2.4 billion (nearly $640 million) in total in 2021.
“The Saudi judiciary works to enforce…
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Bitcoin falls more than 4 percent to near $60,000
Bitcoin, the world’s biggest and best-known cryptocurrency, fell more than 4 percent on Tuesday as it extended a decline through a week that also included an upgrade to its blockchain.
Bitcoin fell to $60,350 at its lowest for the day,…
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SABIC starts trial startup at 3rd United Ethylene Glycol Plant
SABIC started trial startup at United Ethylene Glycol Plant (3), announced back in December 2017, according to a bourse filing.
The estimated annual production capacity is 700,000 metric tons of monoethylene glycol (MEG), the company…
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Saudi crown prince announces world’s first non-profit city
Crown Prince Mohammed bin Salman has announced the establishment of the first nonprofit city in the world on Sunday.
The city will be a model for the development of the nonprofit sector globally and an incubator for youth and volunteer…
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Abu Dhabi Ports Group revenue rises by 22%
The Abu Dhabi Ports Group reported revenue increases for the first nine-months of the year of 22 percent, according to a statement.
The AD Ports Group revenue grew to 2.791 billion dirham ($760 million) compared with 2.295 billion dirham…
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Jetmakers push freighters as industry gathers in Dubai
Boeing said on Saturday it was in advanced talks to sell a cargo version of its future 777X jetliner jet while Airbus predicted an A350 freighter deal soon, as aerospace giants eye a post-pandemic boom in e-commerce.
Boeing also…
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Kuwait Airways posted profits of $16.5 million in September
Kuwait Airways achieved profits in September of SR61.8 million ($16.5 million), compared to a loss of SR123.7 million in the same month of 2019, said Chairman of Kuwait Airways.
Ali Al-Dukhan said in a press conference Tuesday, that the…
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