- The $1.5bn deal will herald a new energy transition phase.
The strategic partners from China include Industrial and Commercial Bank of China, Bank of China, SPIC Huanghe Hydropower Development Co, and China Southern Power Grid
The deals will lay the ground for financing, investment and construction of ACWA Power’s global clean and renewable energy projects in Saudi Arabia and BRI countries
- Riyadh, Saudi Arabia—Saudi Arabia has signed a memorandum of understanding (MoU) with Kuwait on Sunday to develop Al-Durra gas field...
In March the two countries had agreed to develop the Al-Durra submerged gas field
The development of the field comes in implementation of the MoU signed by Saudi Arabia and Kuwait in 2019, which included the joint work to develop and utilize Al-Durra field
- “It is critical that as we scale up the use of Nature-based Solutions (NbS) we make sure we do not...
Nature-based solutions aim to protect, restore, and sustainably manage waters and marine ecosystems.
New Green Jobs for Youth Pact, launched by ILO and UNEP at COP27, aims to create one million new green jobs.
- Algiers, Algeria--- Turkish investments in Algeria have exceeded $5 billion and the desired goal of $10-billion trade between the two...
Mevlut Cavusoglu said the number of Turkish companies operating in Algeria exceeded 1,400.
He said the desired goal of $10bn bilateral trade between the two countries could be achieved in a short time.
- Industry experts stress the need for harnessing the momentum the industry has gained after the recovery from Covid setbacks.
PwC Middle East advises insurers, as they look to 2025 post Covid recovery, to harness "the momentum they have gained" to meet new challenges.
"Regardless of how insurers capitalize on these trends, they will need to reassess the future and reimagine their place in the world," says Sanjay Jain of PwC.
- The apex bank "will continue to take all measures to ensure the maintenance of the integrity of the financial system...
The CBUAE is making continuous efforts to enhance the fight against all forms of financial crimes and money laundering, says its Governor Khalid Mohammed Balama
The Gulf country is developing effective policies and legal frameworks, governance and executive machineries, and close follow-up of all illegal financial transactions, he adds
- While a UAE official in Beijing calls the China-Arab summit a key milestone in the history of relations between the...
While a UAE official in Beijing calls the China-Arab summit a key milestone in the history of relations between the two peoples, Palestine hails its outcomes as 'beyond expectation
The UAE accounts for over 60 percent of China’s exports to the region, with China being the UAE’s largest trading partner, and the UAE being home to more than 6,000 Chinese firms
- Canadian-based TC Energy, which operates the pipeline, detected the leak Wednesday night in Kansas and immediately halted the flow of...
If the estimate on the size of the spill holds, it will be the largest crude oil spill in the United States since 2013
Transportation Secretary Pete Buttigieg tweeted that authorities "are monitoring and investigating the... leak."





















