Business

Saudi ACWA Power: Dubai Solar Complex Construction to Start in 2018

Saudi ACWA Power: Dubai Solar Complex Construction to Start in 2018

ACWA Power International in Saudi Arabia has revealed that required arrangements for financial closure and signing energy purchase agreement for the fourth phase of Mohammed bin Rashid Al Maktoum Solar Complex with an estimated investment cost of USD3.8 billion are underway.

UAE Announces Comprehensive Strategy for Fourth Industrial Revolution

UAE Announces Comprehensive Strategy for Fourth Industrial Revolution

The Fourth Industrial Revolution Council has announced its intention to come up with a comprehensive strategy on the use of the technological tools of the Fourth Industrial Revolution, whose details will be revealed during the annual meetings of the UAE government on September 26 and 27. While he

Kuwait, Venezuela Deny Existence of a ‘Current Agreement’ to Extend Oil Cut

Each of Kuwait and Venezuela confirmed that the Organization of the Petroleum Exporting Countries (OPEC) is not nearly close to extending the current cut in production agreement, saying onlookers are trying to introduce the idea into the market. Kuwait Oil Minister Essam al-Marzouq holds a press

Saudi Real Estate Subject to Supply-Demand

Saudi Real Estate Subject to Supply-Demand

The real estate market has started a new phase of changes in supply and demand levels as well as prices – the sector is now subject to supply and demand balances. This has led to a 20 percent drop in prices during the first half of 2017, compared to the same period of 2016 according to local real

Renault-Nissan to Collaborate with Dongfeng to Build e-Cars in China

Renault-Nissan to Collaborate with Dongfeng to Build e-Cars in China

Renault-Nissan announced on Tuesday that it will collaborate with China’s Dongfeng Motor to build electric cars in the world’s biggest auto market. The new joint venture, called eGT New Energy Automotive Co, will be owned 25 percent each by Nissan and Renault with Dongfeng owning 50 percent, Niss

Turkish Economy Targets 10th Place Worldwide by 2023

Turkish Economy Targets 10th Place Worldwide by 2023

The Turkish government aims to push its economy to the tenth place in the world, and the third in Europe by 2023.

Tunisia's Tourism Revenues Rise 19% in Eight Months

Tunisia's Tourism Revenues Rise 19% in Eight Months

The Tunisian tourism ministry said on Tuesday that tourism revenues have increased by 19 percent in the first eight months of 2017 compared to the same period last year, a sign of recovery in the vital sector crippled two years ago by two attacks on foreign tourists.

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