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Two major deals inked at Saudi Future Investment InitiativeThe opening day of the 8th edition of the Future Investment Initiative (FII) held in Riyadh saw two major agreements being signed at the event. The deals were sealed at an investment ceremony held today (October 29) under the umbrella of Invest Saudi led More… |
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Acwa Power expands Africa renewable footprint with $7bn investmentsAcwa Power, a global leader in energy transition and a pioneer in green hydrogen, has announced that its Redstone Concentrating Solar Power (CSP) plant in South Africa has reached 50 MW and is set to achieve its full 100 MW capacity in the coming days. T More… |
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Aramco, Taulia, SIDF join forces for key supply chain financing solutionAramco, a global leader in integrated energy and chemicals companies based in Saudi Arabia, and Taulia, a SAP company and leading FinTech provider of working capital management solutions - supported by the Saudi Industrial Development Fund (SIDF) as one of the key finance providers of the dom More… |
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Global ministers, energy leaders to convene at Adipec 2024Over 40 ministers and more than 200 C-suite executives and technology pioneers from across the Middle East, Asia, Africa, Europe and the Americas will convene in Abu Dhabi for Adipec 2024 to accelerate the energy transition. Hosted by Adnoc from November 4 to More… |
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Nakheel teams up with Dewa to develop Palm Jebel Ali substationsNakheel, a member of Dubai Holding Real Estate, has partnered with Dubai Electricity and Water Authority (Dewa) for the development of two upcoming substations on Palm Jebel Ali, valued at AED270 million ($73.5 million). As per the deal, Dewa will provid More… |
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Wood wins engineering contract for Aramco’s gas projectWood, a leader in consulting and engineering, has secured a significant engineering services contract for Aramco’s Southern and Northern Areas gas increments project in Saudi Arabia. The project, which is planned to take one million engineering hours to More… |
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QatarEnergy, TotalEnergies in 1.25 GW Iraq solar dealQatarEnergy has signed a partnership agreement with TotalEnergies to enter into a solar power project that is part of the Gas Growth Integrated Project (GGIP) in the Republic of Iraq. Pursuant to the terms of the agreement, which is subject to regulatory appro More… |
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Alarm bells ring as greenhouse gas concentrations hits new record in 2023The greenhouse gas levels in 2023 had surged to a new record, committing the planet to rising temperatures for many years to come, said a report from the World Meteorological Organisation (WMO), setting off alarm bells among major stake holders. The repo More… |
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OQEP starts trading on Muscat Stock ExchangeThe Muscat Stock Exchange (MSX) celebrated the listing of OQ Exploration and Production’s (OQEP) shares on 28 October 2024, marking the commencement of public trading following an Initial Public Offering (IPO) of 25 per cent of the company’s share capital. More… |
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X-Noor unveils key solar, storage solutions at Saudi expoLeading solar developer X-Noor, a joint venture between global solar leader X-ELIO and GCC infrastructure group Dutco, showcased its premium storage technologies as well as its smarter energy-efficient solutions at The Solar &Storage Live KSA & Future Energy Live KSA 2024 held recentl More… |
