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In "BUSINESS"
April 26, 2019
Sony logs record profits, warns of headwinds to come
DUBAI — Shanghai Electric Group Co., Ltd., a leading multinational power generation and electrical equipment manufacturing conglomerate, has signed a Memorandum of Understanding (MOU) to collaborate with Saudi Arabia's ACWA Power on global clean energy projects, continuing the group's expansion into Belt and Road initiative countries (initiative countries).
The two clean-energy providers signed the strategic partnership during a visit by Shanghai Electric's Chairman and CEO Zheng Jianhua to Saudi Arabia on April 16. The scope of the cooperation covers a range of energy projects, including gas turbines construction, desalination development, thermal, photovoltaic, solar thermal, wind and combined cycle power generation.
As part of the "2030 Vision" reform plan, the...
April 26, 2019
Shanghai Electric signs MOU with Saudi's ACWA Power to co-develop global solar projects
RIYADH — Reflecting the wealth and diversity of opportunities that Saudi Arabia offers international businesses and investors, the Saudi Arabian General Investment Authority (SAGIA) has launched VENTURE by Invest Saudi, a new initiative aimed at attracting global venture capital firms to the Kingdom.Commenting on the new platform, Sultan Mofti, SAGIA’s Deputy Governor of Investment Attraction & Development, said: “The economic and social transformation of Saudi Arabia is taking place at a rapid pace, guided by Vision 2030. The continued prosperity of the Kingdom depends on fostering innovation, attracting foreign investment and enabling private sector growth. Across the globe, venture capital firms are key to nurturing entrepreneurship, promoting innovation, and unlocking value. Last...
April 25, 2019
SAGIA launches VENTURE capital platform at Financial Sector Conference
April 25, 2019
Iraq on track to be third oil supplier in 2030: IEA
April 25, 2019
RBS boss resigns having turned around bailed-out bank
April 25, 2019
India court reverses TikTok app restrictions: Report
April 25, 2019
Swedbank admits money laundering flaws, cooperating with US authorities
April 25, 2019
SoftBank invests in Alphabet business for cellphone antennas in the sky
April 25, 2019
Tesla hit with big loss as car deliveries sputter
April 25, 2019
Nokia plunges to surprise quarterly loss, shares hit six-month low
