The news, anew
Saudi Arabia’s Acwa and EIG said Thursday they have entered into definitive agreements to establish Plenum Power, a strategic partnership focused on investment opportunities in the United States. The parties intend for Plenum Power to target a launch with an initial equity commitment of approximately $4 billion.
Business
Saudi Arabia’s Acwa and US-based EIG Management Co. have launched a joint venture named Plenum Power, targeting an initial equity commitment of $4 billion for US power generation and energy storage investments. With Acwa holding a 49% stake and EIG 51%, the partnership aims to leverage their combined expertise to capitalize on growth in the evolving US power market.
Business
Firms with revenue of Dh50 million and above face Dh5,000 monthly fines if they miss tomorrow’s e-invoicing deadline, but advisers say appointment is the first step
Business
The principle arose after a landlord discovered that the company they signed a lease agreement with were involved in previous rental claims stemming from failure to pay amounts due, Rental Disputes Center said
