Saudi Aramco ‘still investing’, IPO could go global

National oil giant says investments continue despite low oil prices. Saudi Aramco is still investing in energy capacity despite the crash in...

WFES: Abu Dhabi’s Masdar to invest $300m in Jordan solar project

Plant will be its second renewables venture in the kingdom. The Abu Dhabi-based Masdar is investing around $300 million in a solar...

Saudi, Korean firms in $2.2bn Vietnam power deal

Project scheduled to commence in mid-2016. Saudi Arabia’s ACWA Power and South Korea’s Taekwang Power Holdings have inked a $2.2 billion thermal...

UAE funds renewable energy projects worth $46m in developing countries

Four projects to result in nearly 12MW of new energy capacity. The UAE’s Abu Dhabi Fund for Development (ADFD) has announced $46...

Spain’s Himoinsa records 15% growth in 2015

Power generation firm says 10% of sales came from Middle East . The Spanish power generation firm Himoinsa has reported a 15%...

Dubai’s RTA ‘seeks more than $2bn’ to extend metro

Transport authority said to seek finance for Expo 2020 extension. Dubai’s Roads and Transport Authority is reportedly seeking more than $2 billion...

Egypt’s Orascom Construction in $420m power deal

Cairo and Dubai-listed firm to revamp Assiut and West Damietta plants. Orascom Construction says it has signed contracts worth $420m to revamp...

UAE district cooling market ‘set to grow by 18% in five years’

Emicool looks to boost market share to 20%. The district cooling sector in the UAE is forecast to see 18% growth over...

Saudi Arabia considers IPO of oil giant Aramco

Privatisation could raise money in an era of cheap oil. Saudi Arabia is considering selling shares in the oil giant Aramco, in...

Abu Dhabi Ports ‘Maqta Gateway’ begins trial operations

Port community system set to significantly enhance processing times. Abu Dhabi Ports has started initial trial operations of the Maqta Gateway “community...

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