Chinese corporates commit to $266mn investment in Modon

The Arab-China business conference in Riyadh highlighted a major commitment to national goals. The Saudi Authority for Industrial Cities and Technology Zones...

$8.4bn NEOM Green Hydrogen project achieves financial close

Producing 600 tonnes of carbon-free hydrogen per day, facility will integrate solar and wind energy. The NEOM Green Hydrogen Company (NGHC) has...

Dubai retains number one position for attracting FDI

A report shows the emirate is the world’s top foreign direct investment hub for the second year running. Dubai retained its No....

RAK Properties Q1 revenue grows by 141%

The developer’s success is said to be driven by the rapid sell-out of new projects and a batch of successful handovers. RAK...

Tecom Group’s net profit up 34% in Q1

High occupancy rates and strong growth across key business sectors enabled a $54.5mn dividend payout. Tecom Group said that it has observed...

Green finance initiatives launched by TAQA

Proceeds set to contribute to important eco-friendly projects and align with global best practice. Abu Dhabi National Energy Company (TAQA) has launched...

DMCC enjoys record Q1 2023

The free zone said it registered 708 new companies year-to-date, as it combines traditional appeal with innovative new specialisations. Dubai Multi Commodities...

Moody’s affirms A1 issuer rating for PIF

The ratings agency also maintains Saudi Real Estate Refinance A2 ranking, but changes outlook to ‘positive’. Moody's Investors Service has maintained the...

$344.5mn in financing for electric express train project in Egypt green-lit by IsDB

Funds were approved for projects that support socio-economic development and promote sustainability in member countries in key sectors such as energy, education,...

African Development Bank approves grant to boost Ghana’s use of renewable energy

The funding will enable the construction of mini-grids, stand-alone solar photovoltaic systems and solar-based battery facilities for storing excess power. A US...