In 13 residential neighbourhoods, Aldar Properties will invest AED25 million ($6.8 million) in energy-retrofit projects, which have the potential to save AED12 million ($3.27 million) and 19,000 tonnes of carbon dioxide emissions annually. According to a filing with the Abu Dhabi Securities Exchange by the business, the projects will be carried out in 13 residential […]
The 16 million tonnes per annum (MTPA) North Field South (NFS) LNG project in Qatar has chosen TotalEnergies as its first international partner. TotalEnergies will contribute about $1.5 billion to the expansion’s budget. The 32 MTPA North Field East (NFE) liquefied natural gas (LNG) project initially chose the French energy giant as its first partner. […]
As analysts anticipate a greater shift in the American giant’s future manufacturing, Apple announced on Monday that it has begun assembling the iPhone 14 models in India. This marks the first time the current line-up has been locally produced in the same calendar year in the second-largest smartphone market in the world. The iPhone 14 […]
New members of the Executive Committee and Nominating Committee, as well as the President and Vice President, have been chosen by the International Union of Marine Insurance (IUMI) Council for the years 2022–2023. In addition to Kosuke Hashimoto of Japan and the General Manager of Maritime Underwriting at Tokio Marine & Nichido Fire Insurance serving […]
According to Bloomberg, Meta was sued for allegedly developing a covert bypass to Apple security safeguards introduced last year to shield iPhone users from having their online activities tracked. Two Facebook users filed a complaint in the San Francisco federal court on Wednesday accusing Meta of disobeying Apple’s 2021 privacy guidelines, breaking state and federal […]
The head of Aramco, the largest oil producer in the world, called out individuals who “shame oil and gas investors” and emphasised the necessity for a reliable energy transition strategy. The global energy crisis, according to Saudi Aramco, was caused by a lack of investment in fossil fuels. Saudi Aramco also cautioned that excess production […]
According to a recent assessment from the Asian Development Bank, China’s economic growth this year will be weaker than that of the rest of emerging Asia for the first time in more than three decades due to COVID lockdowns. The group lowered its projection for China’s GDP in 2022 from 5.0% in April to 3.3% […]
One of the biggest oil and gas drilling companies in Saudi Arabia, Arabian Drilling Co., has declared its intention to float its common shares in an IPO on the Saudi main index. According to a filing with the stock exchange, Arabian Drilling said that the company would sell existing shares totalling 19.98% of its post-listing […]
Before a week packed with market vacations and central bank decisions from Washington to London to Tokyo, the dollar hovered close to a two-decade high on key rivals on Monday. The dollar index, which compares the value of the dollar to six other currencies, was 0.2% higher than Friday at 109.84, settling after a choppy […]
According to the World Bank, interest rate increases by central banks around the world could lead to a global recession in 2023. To combat rising prices, central banks have increased rates “with a degree of synchrony not witnessed over the preceding five decades,” the report said. The rate of price growth, or inflation, just reached […]
One of the top food and beverage enterprises in the UAE, Agthia Group PJSC, had its general assembly meeting digitally today. The Board’s request for an interim cash dividend payment at a value of 8.25 fils per share, with a total amount of AED 65.31 million for the six months ending on June 30, 2022, […]
The NEOM Media Village and Bajdah Desert Studios opened on Wednesday, according to a statement from the future metropolis of NEOM in Saudi Arabia. The two projects, which together make up the largest sound stages and film production facilities in Saudi Arabia, are intended to reform and expand the country’s media business, which is a […]
