ABU DHABI: Emirates Water and Electricity Company (EWEC) today issued a Request for Proposals (RFP) for the development of the Taweelah C Independent Power Producer (IPP) project, a new carbon-capture-ready Combined Cycle Gas Turbine (CCGT) plant loca…
Oil prices rose at the settlement at the end of Wednesday’s trading, in light of the decline in inventories of crude oil, gasoline, and distillates in the United States of America.
Brent crude futures rose by 70 cents, or 0.86 percent, to reach $81.7…
Muscat Stock Exchange (MSX) general index (30) closed Wednesday at 4,719.74 points, up by 6.3 points, or 0.13 percent, compared to the last trading session, which closed at 4,713.40 points.
The trading value reached OMR 2.839 million, an increase of …
Doha: United Development Company (UDC) (a Qatari public shareholding company) has announced net profits amounting to QR 150 million for the first half of 2024, ending on June 30, compared to QR189 million for the same period of 2023.
The UDC said in …
Doha: Commercial Bank has successfully closed a 3-year USD 500 Million Syndicated Term Loan Facility led by Bank of America, Mizuho Bank, and SMBC Bank as joint coordinators and Bookrunners of the facility.
According to a statement by the bank, the s…
DUBAI: Commercial Bank of Dubai (CBD) today reported its financial results for the first six months of 2024 (H1 2024), delivering a net profit (after tax) of AED1.452 billion, up 30.2 percent year-on-year (YoY) on a pre-tax basis compared to the corre…
Doha: Ooredoo has entered a strategic partnership with Qatar Airways, together with Fortinet, a global leader in cybersecurity, to implement a hybrid multi-cloud environment and develop advanced solutions for cloud cybersecurity.
This strategic partn…
DUBAI: The Dubai Multi Commodities Centre (DMCC) has announced 9 percent growth in its intake of companies from China in the first half of 2024, taking the total number of Chinese members in its free zone to 900.
The announcement came as DMCC conclud…