Saturday 19 September 2020

Aljoaib appointed Connixt distributor in Mideast

California-based Connixt, a provider of breakthrough cloud-mobile digital transformation solutions for the last mile, has appointed Aljoaib International as a distributor in the Middle East region.     Aljoaib and Connixt also announced that GTC, an ex


Aecom wins Neom utilities infrastructure design contract

Aecom, one of the world’s premier infrastructure consulting firm, has been appointed to design transport and utilities backbone infrastructure for the $500-billion futuristic city Neom, a new model for urbanisation and sustainability located in the northwest region of Saudi Arabia.


Majid Al Futtaim launches new food destination in Dubai

Majid Al Futtaim, a leading mall developer and leisure pioneer in the region, has introduced a new culinary experience in the country with the launch of Food Central at City Centre Deira in Dubai.     Developed in response to rising consumer expectatio


Scania launches first series of electric trucks

Scania, a part of Traton SE, a world-leading provider of transport solutions, is today launching its first series production range of electric trucks, a milestone in the company's journey as it drives the transition to a more sustainable transport system.   


Fluor JV starts up two boilers at major Kuwait petchem refinery

Fluor Corporation has announced that its joint venture with Daewoo Engineering & Construction and Hyundai Heavy Industries (FDH JV) has successfully started up two boilers at the new Al Zour refinery in Kuwait.   A global player in the infrastructure sector,


Azizi sees big Israeli investor demand for its new Dubai Creek project

Azizi Developments, a leading private developer in the UAE, is seeing a high demand from international investors, especially from Israeli nationals, for Creek Views II, its recently launched AED 350 million ($95.2 million) development on the shores of the iconic Dubai Creek within the budding


UAE construction sector to grow by 3.8pc in 2021, says expert

The UAE construction industry is expected to grow by 3.8 per cent in 2021, according to latest market research by leading international construction consultancy, Linesight.   With the ongoing economic volatility, the construction industry across the region is ex


Massive $810bn tourism projects under way in Saudi Arabia

Massive investments worth over $810 billion in mega tourism projects across Saudi Arabia are expected to transform the kingdom into one of the largest leisure tourism industries in the world between now and 2030, according to a research conducted by the Middle East and North Africa Leisure At


Israeli investors eye booming UAE real estate, energy, AI sectors

As the talks to normalise relations between Israel and the UAE gather momentum, a group of private sector players from Israel, Emirates-Israel Investment Group is also expected in the country in search of mutually beneficial investment and trading opportunities.  


SEC issues $1.3bn international green sukuk

Saudi Electricity Company (SEC), the largest utility company in Mena, has completed a dual tranches RegS international Green Sukuk issuance, with five and 10 year tenors, in amounts of $650 million for each tranche. The launch of the Green Sukuk Issuance was announced on Septembe

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