17 Hrs
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2026-08-12T14:11:02.881Z

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European stocks await U.S. inflation data

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18 Hrs2026-08-12T12:42:00.000Z
European stocks await U.S. inflation data

Gold price in UAE August 12

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21 Hrs2026-08-12T10:00:00.000Z
Gold price in UAE August 12

Marna's share faces resistance amid recovery efforts

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22 Hrs2026-08-12T08:48:37.140Z
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22 Hrs2026-08-12T08:48:31.980Z
US inflation slightly rising

Hamdan bin Muhammad Highlights UAE Youth as Key Asset

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23 Hrs2026-08-12T08:08:00.000Z
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Akua Begins $400M Indonesia Desalination

Akua Begins $400M Indonesia Desalination

Aqua Saudi Arabia, a leading company in water desalination and energy conversion, has signed a joint development agreement with Indonesian company PT Garam to launch Indonesia's first integrated seawater desalination and industrial salt production facility on a large scale. The facility is expected to produce approximately 62,500 cubic meters of desalinated water daily and 500,000 tons of high-purity industrial salt annually, with an estimated value of $400 million. The project, located in Gresik, East Java, aims to meet the growing demand for industrial salt, which currently exceeds 4 million tons per year, with projections indicating that demand will surpass 7.7 million tons by 2028. It also seeks to enhance industrial water supplies in the country and has the potential to extract other marine minerals in the future. Aqua is responsible for developing the technology, design, financing, operation, and maintenance, while Garam will handle site preparation, facilitate licensing, and manage marketing. The goal is to build a modern and sustainable salt industry in Indonesia.

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