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ACWA Power’s Shuaa Energy 3 granted commercial operation certificate for 300MW solar project
The third stage of a Dubai-based 900-megawatt solar project being developed by Shuaa Energy 3 is ready to begin commercial operations, it has been announced.
Saudi energy firm ACWA Power — which owns a 24 percent stake in the company…
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Saudi Arabia’s holdings in US treasuries rise to $135.9bn
Saudi Arabia’s holdings in US treasuries increased for the eighth consecutive month in March, reaching $135.9 billion, a rise of 3.66 percent compared to the previous month.
According to official data released by Washington, the Kingdom…
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GCC housing ministers discuss joint action in Qatari capital
Gulf Cooperation Council countries are set to have better coordination in their housing projects as top ministers met in Doha to discuss the Joint Housing Action Plan for 2024.
Saudi Minister of Municipal and Rural Affairs and Housing…
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Fintech firm Hala gets SAMA approval to offer debt-based crowdfunding solutions
Saudi businesses are set to gain access to new crowdfunding solutions as Hala Payments Co. has received licensing approval from the Kingdom’s central bank to offer debt-based products.
The Saudi-based fintech platform offers inbound and…
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Qassim’s private sector environment in focus during ministerial visit to region’s chamber
Private sector involvement in Saudi Arabia’s Qassim region took center stage during a visit by a top investment official to the province’s chamber.
Minister of Investment Khalid Al-Falih convened with investors and company leaders at the…
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Mawani issues new licenses to strengthen ports sector in Saudi Arabia
The Kingdom’s seaport activities and logistics sector are set to improve, with the Saudi Ports Authority issuing new licenses in multiple areas of operation.
In a press statement, the authority, also known as Mawani, said that issuing…
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Egypt’s exports to Arab countries up 8.7% in 2023, Saudi Arabia tops list
The value of Egyptian exports to Arab countries surged 8.7 percent year on year to reach $13.6 billion in 2023, according to new data.
A statement from Egypt’s Central Agency for Public Mobilization and Statistics revealed that Saudi…
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Saudi Arabia moves to localized mining sector professions
Saudi Arabia is on track to boost the localization of professions related to the mining sector thanks to a new agreement signed by the Human Resources Development Fund.
Inked with the Saudi Arabian Mining Co., also known as Ma’aden, the…
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EV transition targets out of reach without mining more copper than in all of history: IEF
The world needs to mine more than double the amount of copper ever excavated in human history if it wants to hit widespread electric vehicle targets, according to a new study.
Analysis by the International Energy Forum warns that unless…
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GCC bank’s profitability to remain strong in 2024 due to delay in US Fed’s rate cut
A delay in interest rate cuts by the US Federal Reserve will see Gulf Cooperation Council banks’ profitability remain strong in 2024, according to S&P Global Ratings.
This comes as most GCC central banks typically mirror Washington’s…
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