Jordan’s gas compression plant (Jordan chlorine) that is currently under construction in the Risha area, will complete installation of gas units in two months and will be commercially operational by the end of this year, the Jordan Times reported, citing Jordan’s Minister of Energy and Mineral Resources Saleh Kharabsheh. The gas plant, which is one […]
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Eid Al Adha 2023: Saudi Arabia calls Muslims to sight moon on Sunday
Saudi Arabia has called on Muslims in the kingdom to sight the crescent moon that would determine the dates for Eid Al Adha 2023, Arabian Business reported. It is expected that the crescent moon, which will mark the start the month of Dhul Hijjah, will be sighted on Sunday. The statement was released on the state-run […]
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Bahrain issues Golden Licence to firms with $1.4 billion project investments
Bahrain has awarded its first five exclusive Golden Licences to major projects, collectively injecting over $1.4 billion into the Kingdom’s economy. The coveted Golden Licences have been granted to prominent entities including Citi, Eagle Hills Diyar, Infracorp, Saudi Telecommunication Company, and Whampoa Group. The development is expected to generate more than 1,400 job opportunities within […]
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Kuwait to replace expats with nationals starting next month: Report
Kuwait has intensified its crackdown on foreign workers in its latest localisation drive that will see nearly 150 Kuwaiti citizens replacing expat workers in cooperative societies. According to insider sources cited by Al-Qabas daily, this move aims to address challenges highlighted by the Demographics Amendment Committee and pave the way for a more Kuwaiti-centric workforce. […]
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Saudi Arabia’s SABIC awards major contract for $76 million solar project
Saudi Arabia’s chemical company SABIC has awarded a lucrative contract to Spanish utility Iberdrola for the development of a 100 MW captive solar plant for SABIC’s industrial complex in Spain. The photovoltaic (PV) solar project will have an investment of $76 million. The power plant will be located on land owned by SABIC in the […]
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Saudi Aramco, NEOM buy carbon credits at world’s largest auction
Saudi Aramco, the world’s largest oil firm, purchased the largest number of credits
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Qatar eyes $5 billion investment in Iraqi projects
Qatar plans to invest $5 billion in a number of sectors in Iraq over the coming years, Reuters reported, citing Qatari state news agency that cited quotes from Qatar’s Emir Sheikh Tamim bin Hamad al-Thani. The emir arrived in Iraq on an official visit where he signed memorandums of understanding (MOUs) to expand cooperation on […]
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Ambani’s Reliance to raise up to $2 billion for expansion: Report
Reliance plans to utilize India’s dedicated external commercial borrowing route to secure the loan
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Green hydrogen could create up to 2 million jobs globally per year: Deloitte
As support for clean hydrogen as a reliable, sustainable energy source strengthens, the market for green hydrogen is expected to grow to $1.4 trillion per year by 2050 while supporting up to 2 million jobs globally per year between 2030 and 2050, a new report by Deloitte finds. Green hydrogen—produced by splitting hydrogen atoms from […]
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‘Iron Man’ Robert Downey Jr. transforms classic cars into EVs for climate awareness
While Robert Downey Jr. is best known for his award-winning career as an actor who played Iron Man, he also avidly addresses climate change via scalable technologies that help restore the planet. Now, Downey will combine this passion with classic car restorations to create eco-friendly automobiles. In the much-awaited docuseries Downey’s Dream Cars, Downey and […]