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Kuwait awards $4bn port contract to Chinese company

Kuwait awards $4bn port contract to Chinese company

Kuwait has given a Chinese company a contract to build Mina Mubarak Al-Kabeer port, as the Gulf state seeks a greater share in world trade. The engineering, supply

Egypt to invite investors for projects in ‘golden triangle’

Egypt to invite investors for projects in ‘golden triangle’

Egypt is preparing a list of projects to show potential investors in its promising “golden triangle” area, home to nearly half the Arab country’s gold deposits.

Turkey to power up electricity storage

Turkey to power up electricity storage

Turkey will accelerate rolling out new electric storage capacity to meet domestic energy security needs and feed in to anticipated growth in demand from the country

ADQ closes $5bn term loan with Asian banks

ADQ closes $5bn term loan with Asian banks

Abu Dhabi sovereign wealth fund ADQ has closed a $5 billion syndicated term loan with more than 30 financial institutions across Greater China, a deal it described

EA shareholders sign off PIF buyout deal

EA shareholders sign off PIF buyout deal

Shareholders in game developer Electronic Arts have officially agreed to sell the majority of the company to Saudi Arabia’s Public Investment Fund. Four in five

Tesla’s driver-assistance system could be in UAE by January

Tesla’s driver-assistance system could be in UAE by January

Tesla’s most advanced driver-assistance system could be switched on in the UAE as early as January according to its CEO Elon Musk. The UAE would become the first

Neom’s Trojena Dam camps sign $54m facilities contract

Neom’s Trojena Dam camps sign $54m facilities contract

Saudi modular building and services company Red Sea International said it has signed a SAR203 million ($54 million) contract with Italy’s Webuild at Trojena, the

BinDawood acquires 51% stake in Wonder Bakery

BinDawood acquires 51% stake in Wonder Bakery

Saudi Arabian grocery retailer BinDawood Holding (BDH) has acquired a 51 percent stake in Wonder Bakery, a UAE-based food company, for AED97 million ($23 million

IHC buys 70% of payment tech company Peko Holdings

IHC buys 70% of payment tech company Peko Holdings

Abu Dhabi’s International Holding Company (IHC) has acquired a 70 percent stake in Peko Holdings, a Dubai-based payment technology company, in a move that could

Masdar consortium to develop floating solar project in Malaysia

Masdar consortium to develop floating solar project in Malaysia

Abu Dhabi Future Energy Company, better known as Masdar, will lead a consortium to develop a 200-megawatt floating photovoltaic solar project on a dam in Malaysia