Bloomberg Saudi Arabia’s Red Sea Development Co plans to close on a 14-billion riyal ($3.7 billion) loan from five domestic banks by the end of the year as it steps up construction on a luxury tourism project about the size of Belgium, its chief executive said. The developer has been seeking financing since last year for the project, which stretches ...

Bloomberg Australia’s economy could contract by 6% over the next five decades if climate change goes unchecked, according to Deloitte Access Economics. That’s equivalent to a A$3.4 trillion ($2.4 trillion) loss in gross domestic product and 880,000 fewer jobs, Deloitte said in a report. The group said its modeling differs from others in setting a benchmark for growth which incorporates ...

Abu Dhabi / WAM Etihad Rail, the developer and operator of the national railway network in the UAE, has won the Gold Award for Best Practices for the year 2020 by the European Society for Quality Research (ESQR) in recognition of its outstanding achievements in following best-practices and results in quality management strategies. A total of 51 companies, public administrations ...