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- Gulf Bank hosts AI workshop in collaboration with INJAZ to support & empower youth
- Salalah Free Zone attracts OMR187 million in investments during first half of 2025
- FSA unveils regulatory framework for Promising Companies Market
- Zain Bahrain launches exclusive club for premium customers
- Kamco Invest Saudi relocates to King Abdullah Financial District
- Work starts on Bahrain's first major utility-scale power plant
- SNB Capital leads $1.9bn rights issue for Acwa Power
- World Bank's IFC Approves Oman Polysilicon Project Loan
- Kuwait Signs Contracts for Al-Zour North Power Plant Project
- Egypt to Auction 550 Million Euros in One-year Euro-denominated T-bills
11/08/2025 04:56 AST
The Kuwait Authority for Partnership Projects (KAPP) signed contracts on Sunday with Saudi's ACWA Power and the Gulf Investment Corporation for phases two and three of the Al-Zour North power plant.
The value of the phases of the power plant project exceeds 1 billion Kuwaiti dinars ($3.27 billion), the Kuwaiti authority's director general told Reuters. He said the investors, not the government, will bear the cost.
The signing ceremony on Sunday sets in motion one of the biggest electricity projects in the Gulf country as it seeks to address severe electricity shortages.
Once completed, the Al-Zour North project will produce 2.7 gigawatts (GW) of power and 120 million gallons of water daily using combined-cycle technology, with construction set to take three years.
Asharq Al Awsat
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11/08/2025
The Salalah Free Zone, a subsidiary of Asyad Group, secured OMR187 million in new investments during the first half of 2025. This brings the total cumulative investments to OMR4.9 billion.
W
Times of Oman
11/08/2025
Bahrain's Electricity and Water Authority (EWA) has announced that work has begun on the kingdom's
first major utility-scale solar project being set up for electricity generation.
The key
Trade Arabia
11/08/2025
The World Bank's International Finance Corporation on Friday approved a loan and investment worth up to $250 million in a polysilicon manufacturing project in Oman for solar power applications, over
Asharq Al Awsat
11/08/2025
Dubai's real estate sector recorded 4,049 new activities in the first half of 2025, driven by an advanced regulatory framework and digital systems designed to boost market transparency and streamline
Gulfnews
11/08/2025
First-time residents to Dubai and those tenants looking to move out of their current apartments have been getting more favourable lease agreements in multiple locations.
These slight lowerin
Gulfnews
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