Sunday 4 December 2022

Carbon credits need more supply, integrity to meet global demand: IEF

Carbon credits could make a significant contribution to achieving net zero by 2050, but only if participants address issues over limited supply and integrity, the Secretary General of the International Energy Forum (IEF) told a conference.   Trade in voluntary c


Sabic, Aramco in deal for Polish petchem feasibility study

Sabic, the world's leading diversified chemicals company, has signed a joint development agreement with Saudi oil giant Aramco and PKN Orlen, the largest energy group in Poland, to jointly assess the technical and economic feasibility of establishing a petrochemical production project in


Spanish group to set up new water mobility model for Neom

Idom, a leading Spanish multi-national group providing consulting, engineering and architecture services, said it has been awarded a key contract by Neom, the developer of a mega futuristic city in Saudi Arabia, for a new water mobility paradigm.   As per the de


KACST, Saudi Pfizer to develop vaccines, gene therapies

King Abdulaziz City for Science and Technology (KACST) has announced that it has signed a MoU with Saudi Pfizer Company to develop vaccines and genetic treatments to combat genetic diseases.   The MoU includes research cooperation in genetic diseases, research o


3D printing moves towards greater sustainability

Some 41% of survey respondents say additive manufacturing is helping them to achieve their sustainable development goals while 33% believe that budget is the main factor restricting wider adoption of 3D printing.   About 84% of respondents are optimistic about t


KSA ‘will become a leader’ in the sustainable production of metals

The energy transition from hydrocarbons to renewables is opening the path for Saudi Arabia to become a global leader in the sustainable and innovative production of minerals and metals.    This is happening as a vast, new and largely untapp


Mowreq, YesHealth to build KSA’s largest indoor vertical farm

Agtech companies, Mowreq and YesHealth Group have initiated a joint venture to develop a network of indoor vertical farms throughout the Kingdom of Saudi Arabia (KSA) at a cost of SR100 million ($28 million). The project is backed by Saudi venture capital and funds.  


Tamkeen wins Princess Sabeeka award for Women Advancement

The esteemed position in which Bahraini women stand today is driven by a committed and supportive national ecosystem, said Shaikh Mohammed bin Isa Al Khalifa, Chairman of the Board of Directors of the Labour Fund (Tamkeen).    He was speaking after Tamkeen


EGA participates at Arabal in Egypt as strategic partner

The regional Aluminium industry faces common challenges and opportunities, from decarbonisation to further boosting local employment, said Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium (EGA).   He was speaking at the Arab Internati


Saudi PIF secures largest corporate purpose loan of $17bn

Saudi Arabia's sovereign wealth fund PIF (The Public Investment Fund) has secured a new $17 billion, seven-year senior unsecured term loan, which was self-arranged with 25 banks globally across Europe, the US, the Middle East and Asia.   Announcing t

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