BusinessLatest Business and Company Updates
Megha Engineering Secures $225.5 Million Gas Project in Kuwait
Hyderabad-based Megha Engineering & Infrastructures Ltd has clinched a $225.5 million contract from Kuwait Oil Company to build, operate and maintain a gas sweetening and sulphur recovery facility in Kuwait’s oilfields. The deal spans engineering, procurement and construction, followed by a five-year operations and maintenance phase, with an
ADIA unit backs Asia-Pacific property credit fund
Capital from a subsidiary of Abu Dhabi’s sovereign wealth fund has flowed into a Hong Kong-based private credit manager, signalling continued appetite among Gulf investors for property-linked lending opportunities across developed Asia-Pacific markets.Dignari Capital Partners said a wholly owned unit
Aramco earnings fall as oil prices weaken
Saudi Aramco reported a decline in full-year net profit for 2025, reflecting the impact of lower crude oil and petrochemical prices on the world’s largest energy producer.The company posted net profit of $93.38 billion for the year, an 11.6 per
DP World unveils Dubai Food District revamp
DP World has announced the Dubai Food District, a major expansion and rebranding of the Al Aweer Central Fruit and Vegetable Market, signalling an ambitious push to strengthen Dubai’s role in global food trade and logistics. The project, outlined in
