Saudi Arabia is committed to reducing the cost of electricity production, and lowering the cost curve, in order to maintain competitiveness, Prince Abdulaziz bin Salman, Minister of Energy, said. Addressing a session entitled “Advancing Carbon Capture Innovations and Its Uses in Global...
Saudi Arabia’s economy is very healthy, and growth in non-oil activities is very promising, Faisal Alibrahim, Minister of Economy and Planning, told Asharq News on the sidelines of the World Economic Forum (WEF) in Riyadh. There are new contributors to the non-oil sector growth, with...
The UAE Ministry of Finance participated in the 2024 Islamic Development Bank (IsDB) Group Annual Meetings held from 27 to 30 April 2024 in Riyadh, KSA. This year’s annual meetings coincided with the Golden Jubilee of IsDB, marking the Bank’s 50th anniversary since its establishment. The...
Emirates Integrated Telecommunications Company PJSC published today its financial results for Q1 2024. Revenues increased by 4.1% to AED 3.58 billion reflecting our continuous commercial momentum and market competitiveness. EBITDA soared by 16.2% to AED 1.59 billion reflecting top line growth,...
Alkhorayef Water and Power Technologies Co. (AWPT) signed a long-term operation and maintenance (O&M) contract with National Water Co. (NWC) to develop sewage treatment plants in Al Ahsa, according to a statement to Tadawul. The contract will extend for 15 years...
Rua Al Madinah Holding has signed an agreement with Hilton to open three hotels comprising of over 1600 keys at Rua Al Madinah mega-project, including Conrad Rua Al Madinah, DoubleTree by Hilton Rua Al Madinah, and Hilton Garden Inn Rua Al Madinah. Located at the area east of Al Masjid...
The Emirates Reprographic Rights Management Association (ERRA) convened its second ordinary general assembly meeting in Sharjah, with the participation of the current board of directors and 65 members. During the meeting, the association announced the election of new board members for its second...
ACCIONA, a global company and a leader in the provision of regenerative solutions for a decarbonized economy, held its first panel discussion in its series of Talks designed to promote regenerative and sustainable solutions in the Kingdom of Saudi Arabia. The event took place at the Spanish...
The Islamic Solidarity Fund for Development (ISFD) and the International Center for Entrepreneurship and Innovation (ICEI), signed a Memorandum of Understanding (MoU) to collaborate on promoting economic empowerment and social development in Organization of Islamic Cooperation (OIC) member...
The first-place winner of the 2024 Islamic Development Bank (IsDB) Prize for Impactful Achievement in Islamic Economics, Professor Mehmet Asutay, received the award during a ceremony in Riyadh, Kingdom of Saudi Arabia. The award was presented by the IsDB Vice President (Operations), Dr. Mansur ...