Chinese EV company Xpeng shares up 6% post mass-market car launch
Xpeng shares rose after the Chinese electric car company launched its new mass-market Mona brand on Tuesday with prices starting...Business
China’s robot makers chase Tesla to deliver humanoid workers
Beijing, China - China dominates the market for electric vehicles. Now it's chasing in the race to build battery-powered humanoids...Business
EV infrastructure company launched
PIF will own 75% in the Electric Vehicle Infrastructure Company.It plans to establish presence in more than 1,000 locations, installing over 5,000 fast chargers by 2030 in cities across Saudi Arabia.
PIF said the new company aims to enhance Saudi Arabia’s automotive ecosystem, through collaboration with EV companies.
Saudi Arabia, India ink MoU on electrical interconnectivity, green hydrogen
RIYADH, SAUDI ARABIA - India and Saudi Arabia signed a Memorandum of Understanding (MoU) here in electrical interconnection, green/clean hydrogen,...The signing took place during the Middle East and North Africa Climate Week 2023 in Riyadh, Saudi Arabia.
The MoU was signed by Saudi Arabia’s Minister of Energy and India’s Minister of Power and New and Renewable Energy.
Saudi Arabia Railways launches hydrogen train tests
Riyadh, Saudi Arabia -- Saudi Arabia Railways (SAR) has announced the launch of hydrogen train tests in the Kingdom, following...The tests were launched following the signing of an agreement with the French company Alstom.
It will conduct operational tests and studies necessary to prepare this type of train to fit the Kingdom's environment.
Hotels in UAE generate revenues of US$7bn in first seven months, says minister
ABU DHABI, UAE - In the first seven months of the year, hotel establishments in the UAE generated revenues of...Hotel establishments in the country hosted 16 million guests in in the first seven months of 2023, said the UAE economy minister.
Some 56 million hotel nights have been booked while the occupancy rate reached 75 percent from January to July.
Major airlines cancel dozens of flights to Tel Aviv
Air France-KLM group's low-cost carrier Transavia announced it was cancelling all flights from Paris and Lyon to Tel Aviv up...At Ben Gurion airport American Airlines, Air France, Lufthansa, Emirates were among those pulling flights
But airport authorities did not stop commercial air links with Eilat, Israel's second international airport
In a world first, EU gives nod to green bond standards
Brussels, Belgium - European Parliament has adopted a new voluntary standard for the use of a “European Green Bond” label, the...The regulation, adopted by 418 votes in favour lays down uniform standards for issuers who wish to use the designation ‘European green bond’
The standards will enable investors to direct their money more confidently towards more sustainable technologies and businesses
Qatar Chamber forms two committees to develop insurance sector
Doha, Qatar - The Qatar Chamber (QC) has established two technical teams to further develop the country’s insurance sector. One...The committees were formed during a meeting of the chamber’s insurance committee on Saturday
One of the committees specializes in legal and services, and another in the financial and IT fields
UAE and Kyrgyzstan to boost renewable energy, transportation ties
Bishkek, Kyrgyzstan--The UAE and Kyrgyzstan have discussed mechanisms to enhance joint cooperation in various fields, especially renewable energy, transportation, and...Al Mazrouei headed a large delegation to the Central Asian country to explore opportunities to enhance cooperation between the two countries in all fields
The talks with Kyrgyz president focused on mechanisms to enhance joint cooperation in various fields, especially renewable energy, transportation, and logistics services
Dubai Customs strengthens partnerships with courier firms to expand e-commerce
DUBAI, UAE - Dubai Customs recently convened an extensive meeting with the courier and express shipping companies, aimed at bolstering...Dubai Customs unveiled its cutting-edge e-commerce project, strategically leveraging blockchain technology to streamline supply chain operations.
It also addressed all queries from participating companies and shared insights into the department's systems in this context.
FAO raises its forecast for global cereal production in 2023
ROME, ITALY - The Food and Agriculture Organization of the United Nations (FAO) raised its forecast for global cereal production...The higher forecast is almost entirely based on recent and more positive yield estimates for the Russian Federation and Ukraine.
There will be increased wheat consumption while global rice utilization is forecast at 520.5 million tons.
