Abu Dhabi / Emirates Business A traditional heritage-inspired boutique Souq Zone, modelled on the old port markets of Abu Dhabi, is set to reflect the cultural richness and openness the UAE at the first-ever Mother of the Nation Festival. Organised by Abu Dhabi Tourism & Culture Authority and being held along the Abu Dhabi Corniche Beach from March 24 to ...

Bloomberg Singapore-based Hyflux has been selected to build the Ain Sokhna integrated desalination and power project in Egypt. Hyflux has received a letter of intent from the General Authority for the Suez Canal Economic Zone (SCZone) for a $500m EPC contract for the plant, which will have a desalinated water production capacity of 150,000 cubic metres a day (cm/d). The ...

Bloomberg The Kuwait National Petroleum Company (KNPC) is pushing ahead with a KD3bn ($9.98bn) loan, according to local banking sources. The mandated lead arrangers have been appointed for the Kuwaiti dinar, Islamic and dollar tranches of the commercial loan. They will work on the loan syndication in the first half, with the size of the tranches depending on appetite. The ...