GE secures finance to move forward on 2.7GW Power Up Plan 4 project in Iraq

The company says it has been supporting the development of Iraq’s energy infrastructure for over 50 years. GE has secured a financial...

Damac Properties reports net loss despite rise in revenue

Company records booked sales of AED2.3bn for 2020 as total audited revenues touch AED 4.7bn, with AED 1,039m net loss blamed on...

Siemens Energy awarded joint contract for building of grid stabilisation stations in Sudan

Egyptian Electricity Transmission Company and the Sudanese Electricity Transmission Company award contract for first grid stabilisation of scale to be implemented in...

Surprise return as Campbell Gray rejoins Atkins as MEA CEO

Gray returns to Atkins after leaving for Currie & Brown in Q4 2019. Atkins, a member of the SNC-Lavalin Group, has announced...

Crown Prince unveils initiatives aiming to generate 50% of KSA’s energy from renewables by 2030

Saudi Green Initiative and Middle East Green Initiative includes planting of 40 billion trees as Crown Prince sets out ‘green’ roadmap for...

Bahrain awards $4.1bn worth of tenders in 2020 with oil and construction sectors leading the way

Construction and Engineering Sector awards 317 tenders worth a combined total of $875.7 million. According to new data released by the Bahrain...

Aldar Properties distributes $310mn in cash dividends for FY2020

Developer reports strong financial and operating performance in 2020. Aldar Properties, the Abu Dhabi-based real estate developer, is set to distribute cash...