Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- QSE sees successful listing of Qatar's first green sukuk
- Commercial Bank wins 2 accolades at World Finance Digital Banking Awards 2025
- Asian stocks track Wall St rally as Tokyo hits record on Takaichi win
- Gulf Bank and Suffix celebrate the success of 11th Marathon Edition
- NBK-Egypt provides $115m financing for Safaga Terminal Project in Egypt
- Oman's central bank issues treasury bills worth OMR17.48mn
- MSX seen climbing to 7,447 points by end-2026 as rally gathers momentum
- du posts record profit and revenue growth in 2025, lifts dividend to 64 fils
- UAE exempts non-commercial sports entities from corporate tax under new law
- Indian rupee, Pakistani rupee and Philippine peso stay soft, lifting dirham value for expats. Remit now?
04/02/2026 01:41 AST
Saudi utility giant Acwa Power has announced that its consortium - Gulf Alliance for Power and Water - has signed an energy conversion and water purchase agreement for the Az-Zour North Phase 2 & 3 IWPP in Kuwait.
A major development for the region, the $4.1 billion Az Zour North 2&3 Project boasts a Combined Cycle Gas Turbine (CCGT) plant with a power capacity of 2,700 Megawatts (MW), said Acwa Power in its filing to Saudi bourse Tadawul.
Furthermore, the project will comprise a desalination component that will utilise Seawater Reverse Osmosis (SWRO) technology to produce 545.5 thousand cu m/day.
The agreement was signed between MEWRE and Gulf Alliance for Power and Water consortium, which is owned by Kuwait Authority for Partnership Projects (KAPP) along with Acwa Power and Gulf Investment Corporation.
Acwa Power's effective share in the project is 24%, it stated in the bourse filing.
As per the deal with the Ministry of Electricity and Water and Renewable Energy State of Kuwait (MEWRE), the consortium will be implementing the project on a Build, Operate and Transfer (BOT) basis.
The Energy Conversion and Water Purchase Agreement is for a 25-year period starting from the project commercial operation date, it added.
Trade Arabia
03/02/2026
Saudi utility giant Acwa has signed a memorandum of understanding with Energie Baden-Wrttemberg AG, Rostock Port, and Verbundnetz Gas AG to establish an ammonia export corridor from the Kingdom to Ge
Arab News
22/01/2026
Acwa Power, a leader in energy transition, has announced the fourth edition of Innovation Days, to be held from January 26-28, 2026 at The Garage in Riyadh, under the patronage of the Ministry of Ene
Trade Arabia
19/01/2026
Saudi utilities major Acwa Power has completed the acquisition of French energy giant Engie's stake in the Al Zour North One Power and Water Plant (Az-Zour North IWPP) in Kuwait, said the project dev
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| TAQA | 3.36 | -0.01 (-0.30 |
| DEWA | 2.77 | 0.00 (0.00 |
| SAUDIELECTRICITY | 14.14 | -0.01 (-0.08 |
| EMPOWER | 1.56 | -0.03 (-1.89 |
| MARAFIQ | 38.56 | -0.34 (-0.88 |
10/02/2026
Commercial Bank has been named 'Best Digital Bank in the Middle East' and 'Best Bank for AI Integration & Digital Transformation in the Middle East' at the World Finance Digital Banking Awards 2025.
Gulf Times
10/02/2026
As the title sponsor of the Gulf Bank 642 Marathon, Gulf Bank recently hosted representatives from Suffix, the event's organizing partner, at its headquarters for a comprehensive review of the key su
Kuwait Times
10/02/2026
Reinforcing its leadership in advancing Egypt's sustainable economic development agenda, National Bank of Kuwait - Egypt (NBK-Egypt) continues to strengthen its role as a leading financial partner in
Kuwait Times
10/02/2026
Emirates Integrated Telecommunications Company (du) posted higher revenues, rising profitability, and its highest dividend on record when it reported its last set of financial results for 2025.
<
Gulfnews
10/02/2026
Bank ABC (Arab Banking Corporation) has announced a record total operating income of $1.41 billion, a 5% headline growth YoY, and 7% on an underlying constant currency basis.
This revenue m
Trade Arabia
Financial Information Co.
Saudi Arabia