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The utility major Qatar Electricity and Water Company (QEWC) has recorded a net profit of QR394m for the first quarter of 2018 (Q1,18), up from QR350m posted during the same period in 2017. QEWC’s first quarter sales reached QR660m, compared to QR720m
Abu Dhabi National Energy Company, also known as Taqa, raised $1.75 billion in a two-tranche dollar denominated bond issue that was 4.7 times oversubscribed.<br/><br/> The two tranches consisted of bonds with maturities of seven years with a coupon of
Leading industry giants Acwa Power, the renewable energy units of European utilities Electricite de France and Enel and Engie’s International Power are the main bidders for Saudi Arabia's first wind-power project, reported Bloomberg, citing the Energy
Saudi Arabia’s Acwa Power and China’s Shanghai Electric have signed an Engineering, Procurement, and Construction (EPC) contract for the 700MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the largest Concentrated Solar Power (CSP)
Abu Dhabi outperformed among mixed regional stock markets on Thursday, with Saudi Arabia extending a rebound following several days of profit-taking.<br/><br/> The Abu Dhabi index closed 1.7 per cent higher, supported by the financial and energy sectors.