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UAE: $250 Million Fund to Invest in Emerging Tech

UAE: $250 Million Fund to Invest in Emerging Tech

Dubai- Emirati businessman Mohammad Alabbar urged Arab investors to invest in what he called “e-economy” in the Arab region due to its low percentage in the GDP especially amid pursuits by Arab governments, namely Saudi Arabia, UAE and Egypt, to adopt modern policies....
Saudi Electricity Secures $1.75bn Loan

Saudi Electricity Secures $1.75bn Loan

London- Minutes after signing the greatest joint international funding agreement in the history of Saudi Electricity Company (SEC), Ziyad Mohammed Al-Shiha, president and chief executive officer of SEC, described the deal as an international expression of trust in the...
Aramco, Hyundai, Dussur to Make Engines and Pumps

Aramco, Hyundai, Dussur to Make Engines and Pumps

Dammam- Saudi Aramco, Dussur and Hyundai said they had signed a memorandum of understanding to make engines and pumps in the kingdom. In a joint statement, the three companies said the MoU stipulates that the mentioned parties cooperate in establishing a joint project...