Emaar H1 revenue grows to US $3.9bn

Emaar said its strategy to improve profit margins and optimise operational efficiencies resulted in the company achieving a 24% growth in Ebitda....

NMDC reports outstanding growth for H1 2024

The group is set to enhance its global footprint as revenues increase 79% year-on-year and net profits soar by 66%. Abu Dhabi-based...

KSA moves towards a data-led economy

Saudi speeds up its commitment to technical skills development and unveils cluster of new, leading-edge data centres . Saudi Data and AI...

AMEA Power achieves financial close for project in South Africa

The firm is the majority shareholder in the 120MW solar PV project and had partnered with Ziyanda Energy and Dzimuzwo Energy.. AMEA...

ACWA Power sells stake in IWSPP for $225mn

The sale was part of the firm’s capital recycling strategy as it had 99% shareholding in the project. Acwa Power has said...

Emaar’s Q1 revenue reaches US $1.8bn

Extremely strong start for 2024 includes 16% growth on profitability year-on-year. Dubai developer Emaar Properties showed consistent performance across its various businesses...

Drake & Scull International finalises restructuring

Subscription for new capital exceeds expectations by 150%, with shares due to resume trading on 20 May. Drake & Scull International (DSI)...

DEWA and Acwa Power announce financial close on 180 MIGD RO desalination plant

The project is expected to play a crucial role in Dubai’s plan to produce 100% of its desalinated water by 2030 from...

Government commits new capital to RAK Properties

Increased strategic shareholding allows issue of 920 million new shares, along with a promise of prime land at premium prices. At its...

Dubai’s Department of Finance approves $10bn in PPP projects

The CPF programme for managing the PPP ecosystem performance within the Government of Dubai revolves around five strategic objectives. A portfolio of...