INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Saudi Arabia shows interest to develop nuclear reactors

Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud.
  • The kingdom's Minister of Energy, Prince Abdulaziz bin Salman, said that Saudi Arabia isn’t looking for funding from any country to help it with its energy transition plan
  • “The future of the world and society lies not in us waiting for someone else to build the things we should use, but for us to build them ourselves,” he added

Saudi Arabia has evinced interest to develop small modular nuclear reactors in order to generate electricity for remote areas of the kingdom.

The kingdom’s Minister of Energy, Prince Abdulaziz bin Salman, said that Saudi Arabia isn’t looking for funding from any country to help it with its energy transition plan. These small reactors, also known as SMRs, will help to generate electricity to power remote areas.

He told GEC 2022 in Riyadh that the Kingdom will develop more technologies at home to limit the risk to the planet.

“The future of the world and society lies not in us waiting for someone else to build the things we should use, but for us to build them ourselves,” he added.