Mumbai: The Reserve Bank of India (RBI) on Friday raised the provisions for under construction infrastructure projects and asked lenders to monitor any build-up of stress in a project on an ongoing.
Adnoc, G42 and Presight AI Holding have announced a new shareholding structure for AIQ under which Presight will acquire a 51% stake in AIQ with Adnoc retaining a 49% shareholding (previously G42 40%, Adnoc 60%).
SABIC, a global leader in diversified chemicals, has announced a net profit of SAR246 million ($65.58 million) for the first quarter of 2024, compared to a SAR1.73 billion loss in Q4 2023.
UAE-based Azizi Developments has signed up leading British engineering firm Arup to provide spatial planning services for the opera house coming up within its AED30-billion ($8.2 billion) mixed-use development Azizi Venice located in Dubai South.
The municipality of Flen in central Sweden has been chosen by Swedish manufacturer Midsummer as the location for its new 200 MW mega factory for the production of thin film solar cells for the European market.