BusinessLatest Business and Company Updates
L&T Secures Mega NGL Plant Deal in Middle East
Larsen & Toubro’s hydrocarbon onshore unit, in partnership with Greek firm Consolidated Contractors Group, has booked an ultra-mega contract valued at over ₹150 billion to build a natural gas liquids plant and associated processing facilities in the Middle East. The engineering, procurement, construction, installation and commissioning scope
Saudi and Hong Kong Firms Launch Massive Aluminium Hub
Aluminium Products Company of Saudi Arabia and Hong Kong–based Asia Aluminum Group have inked a master framework agreement to build the largest integrated downstream aluminium industrial complex in the Kingdom, with planned investment reaching up to USD 500
Mlak Finance Exits Egypt With EGP 400 Million Sale
Mlak Finance has completed the sale of its subsidiary in Egypt to Al Baraka Bank Egypt for EGP 400 million, marking its full exit from the Egyptian market. This strategic divestment aligns with the company's broader objectives of streamlining operations
ADNOC Secures $500 Million AI-Driven Reinsurance Pact
Abu Dhabi National Oil Company has entered an agreement with RIQ to secure over $500 million in risk coverage across the next ten years. The AI-driven reinsurance platform, backed by International Holding Company, will work closely with ADNOC to structure
