April 4, 2026
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News

Press Releases

Daze branches out with a new showroom on King Abdulaziz Street, Buraydah

November 8, 2022 Mohammad S
The inauguration of Daze’s newest branch was held on November 6 in presence of the owners Dr. Nasser Al Tayyar, CEO Mr. Hussein El Batal …
Oil and Gas

Kuwait’s Burgan Drilling awarded $78.8m Contracts

November 7, 2022 Mohammad S
Burgan Company for Well Drilling, Kuwait announced in a statement that it has received official letter of award for drilling rigs. The Combined value of …
Power

Dubai’s DEWA appoints advisor for MBR Solar Park Phase VI

November 7, 2022 Mohammad S
Dubai Electricity & Water Authority (DEWA) announced in a statement that it has appointed advisors to provide consultancy services for implementing the 6th phase of …
Power

Projects awarded during October 2022 in Gulf Countries

November 6, 2022 Mohammad S
Following are the major projects awarded during the month of October 2022 across Gulf countries. The projects covers the Power, Water, Construction, Transport Petrochemical and …
Oil and Gas

Galfar awarded $83.1m Contract from Shell Oman

November 6, 2022 Mohammad S
Galfar Engineering & Contracting SAOG, Oman announced in a statement that JV of Galfar and Catering & Supplies Co. LLC has awarded a contract for …
Oil and Gas

Veolia, Vision Invest and ADQ signed agreement for the treatment of hazardous industrial waste

November 5, 2022 Mohammad S
A consortium formed by Veolia, Vision Invest and ADQ, under an innovative, one of a kind, non-recourse project finance scheme, has signed an agreement to …
Construction

InterContinental to open New Hotel in Saudi Arabia’s Al Khobar

November 5, 2022 Mohammad S
Reaffirming its commitment to the Kingdom’s Vision 2030, IHG® Hotels & Resorts, one of the world’s leading hotel companies in the world, has signed a …
Water

Abengoa starts producing water in phase two of the UAE’s Taweelah desalination plant

November 5, 2022 Mohammad S
Abengoa, an international company that applies innovative technology solutions for sustainable development in the infrastructure, energy and water sectors, in consortium with the engineering and …
Oil and Gas

SLB awarded new Contract from Sharjah National Oil Corporation

November 5, 2022 Mohammad S
Sharjah National Oil Corporation (SNOC) has awarded a framework agreement to SLB which will execute SNOC’s new Underbalanced Coiled Tubing Drilling (UBCTD) project. The agreement …
Transport

Saudi Arabia Launches CEER, the first Saudi Electric Vehicle Brand

November 3, 2022 Mohammad S
His Royal Highness Crown Prince Mohammad bin Salman bin Abdulaziz, Prime Minister and Chairman of the Public Investment Fund (PIF) announced today the launch of …

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Finance

UAE’s AMEA Power announces a $75 million funding round from SoftBank Group

July 10, 2023
AMEA Power, UAE announced in a statement that it has signed a $75 million equity funding round from SoftBank Group Corp. (“SBG”), a Japanese investment …
Finance

ACWA Power Announces Financial Close for 15,000 MW Renewable Energy Projects in Saudi Arabia

November 27, 2025
ACWA Power Company, Saudi Arabia announces the financial close for a combined capacity of 15,000 MW Renewable Energy Projects. Solar PV Projects The Projects includes …
Oil and Gas

Oman signed a deal to Develop New Pipeline for Crude Oil Export

August 28, 2022
The Ministry of Energy and Minerals and Oman Tank Terminal Company (OTTCO), a subsidiary of OQ Group, signed a framework agreement for joint cooperation to …
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