While the horrific COVID-19 catastrophe may be what many remember about 2020, it was also a historic year for global energy transition and the advancement of hydrogen technology. In connecting their pandemic response with longer-term aims, many governments announced efforts to utilize hydrogen as a vital energy source. Parallel to this, many nations, cities, and […]
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Every public holiday in GCC countries 2023
Public holidays in the UAE, Saudi Arabia and across the GCC are a mixture of religious observances and days of national celebration and recognition. The guide below shows the public holidays expected in the rest of 2023. It is intended as a guide only, exact dates and observances are subject to change depending on moon-sighting committees […]
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Kuwait awards major contract to upgrade Sabiya Power Station
Kuwait’s Ministry of Electricity, Water & Renewable Energy has awarded a long-term contract to Mitsubishi Power to optimize the performance of the Sabiya power and water distillation station and boost its efficiency. Under the new contract, Mitsubishi Power will provide major plant upgrade services and cutting-edge technologies for the Sabiya Power and Water Distillation Station, […]
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Former McDermott SVP named CEO of UAE-based Lamprell
UAE-based contractor Lamprell has named former McDermott SVP Ian Prescott as its new CEO. Prescott spent three years as SVP with McDermott in Malaysia. He’s also held senior roles with SNC-Lavalin and Global Process Systems. In a statement, Lamprell said: “We are delighted to announce that Lamprell has appointed a new CEO, Ian Prescott. “With […]
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Aramco beats Apple and Exxon again to become the world’s most profitable company
With earnings topping a whopping $300 billion over the past 12 months, Saudi Arabia’s state-controlled oil giant Aramco has once again beat Apple and US oil major Exxon Mobil to become the world’s most profitable company, according to the World of Statistics. In March 2023, Aramco reported a record net income of $161.1 billion for […]
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Saudi Arabia arrests over 11,500 for residency and labour breaches
Saudi Arabia has arrested more than 11,500 people in the past week as it looks to stop residency, labour and security breaches. The announcement was made by the Ministry of Interior in a social media post identifying 11,549 arrests between May 4 and May 10. The Ministry said the arrests were made by multiple security agencies in the Kingdom […]
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Saudi bank signs $1.4 billion deal for projects across industries
Jeddah-headquartered Islamic Development Bank (IsDB) has signed 77 financing agreements worth $1.44 billion with 24 member countries in a bid to address the ongoing global crises, Arab News reported. The deals were signed on the sidelines of IsDB’s annual meeting in Jeddah. Mohammad Al-Jasser, chairman of the group, said the agreements seek to promote various […]
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