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Riyadh Cables posts 7% jump in revenue

Riyadh Cables, which posted another stellar quarterly performance with revenue up 7% and gross profit up 14%, has been upgraded by Al Rajhi Capital Research from neutral to overweight with take-profit (TP) price of SR115 ($30.7) per share.&nbs

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Riyadh Cables posts 7% jump in revenue

Riyadh Cables, which posted another stellar quarterly performance with revenue up 7% and gross profit up 14%, has been upgraded by Al Rajhi Capital Research from neutral to overweight with take-profit (TP) price of SR115 ($30.7) per share.&nbs

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EMEA real estate gets Fitch Ratings upgrade

Leading ratings agency Fitch has changed its sector outlook for Europe, Middle East and Africa (EMEA) real estate from deteriorating to neutral, thus reflecting a largely complete recalibration of asset values to higher interest rates and impr

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AD Ports locks 20-year deal to operate, upgrade Luanda Port

AD Ports Group has signed deals with Unicargas and Multiparques leading to securing a 20-year concession with the Luanda Port Authority for the operation and upgrade of the Luanda multipurpose port terminal in Angola. 

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RTA awards $191m contract for Al Khail Road upgrade project

Dubai's Roads and Transport Authority (RTA) has awarded a contract worth AED700 million ($191 million) for Al Khail Road Improvement Project.   This project scope includes the construction of bridges spanning

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GE Vernova completes upgrade of 4 gas turbines at Kuwait plant

GE Vernova, a purpose-built global energy company based in US, has announced that it has successfully completed the work on the modernization of four gas turbines at the Sabiya Combined Cycle Power Plant in Kuwait, thus  boosting its effi

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GE Vernova completes upgrade of 4 gas turbines at Kuwait plant

GE Vernova, a purpose-built global energy company based in US, has announced that it has successfully completed the work on the modernization of four gas turbines at the Sabiya Combined Cycle Power Plant in Kuwait, thus  boosting its effi

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Nissan introduces new 2024 Nissan Sunny in the Middle East

Building on the longstanding success of the popular sedan, Nissan has introduced the new 2024 Nissan Sunny in the Middle East, strengthening its appeal with a host of aesthetic and technological upgrades.   

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UAE residents can access over 100 MOCCAE services in 4 minutes

The Ministry of Climate Change and Environment (MOCCAE) has announced it is upgrading the digital services for 103 of its services to bring the average delivery time down to 4 minutes.    This is part of the

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Oman upgraded to 'BB+' From 'BB'; outlook stable: S&P

S&P Global Ratings has raised its long-term foreign and local currency sovereign credit ratings on Oman to 'BB+' from 'BB'.    “We affirmed the short-term ratings at 'B'. Th

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