News

There are 36 projects for the construction of renewable hydrogen refueling stations, financed with funds from the National Recovery and Resilience Plan (NRP). Total cost over 103 million euro, equal to about 40 per cent of the 230 million euro allocated for the implementation of the measure in the period 2021-2026. This was announced by […]

The National Debt Management Center (NDMC) has announced the closure of its March issuance under the Saudi government powered Saudi Rial (SR)-denominated sukuk programme.  The total amount of all bids received for the sukuk hit SR8.342 billion ($2.2 billion) and the total amount allocated was set at SR3.374 billion ($898 million), reported SPA. Link: https://www.tradearabia.com/news/BANK_407778.html

The work of the Evaluation Commission for the 28 July 2022 Proof of Concept (POC) call, issued by the General Directorate for the Protection of Industrial Property of the Ministry of Enterprise and Made in Italy and financed with Pnrr resources, has been concluded with the approval of the list of Enhancement Programmes deemed eligible. […]

The energy partnership between Morocco and Europe works to “preserve our energy security” and keep the long-term promises in the fight against climate change, the Minister of Energy Transition and Sustainable Development Leila Benali said Saturday in Benguerir. Link: https://www.mapnews.ma/en/actualites/economy/moroccan-european-energy-partnership-works-preserve-energy-security-minister

Dubai’s DP World, one of the biggest global port operators, said its revenues surged by nearly 60 per cent to $17.1m (Dhs62.9bn) in 2022 from Dhs23.3bn a year earlier. The rise was driven by acquisitions and the solid performance of its ports and terminals, and marine services. The port operator’s containerised revenue increased by 12.1 […]

Oman intends to build its own dedicated hydrogen infrastructure and studies are currently underway to assess various possibilities, said Cornelius Matthes, Chief Executive Officer, Dii Desert Energy. “France-based Geostock is assessing at a very high level the geological potential for underground storage in Oman,” Matthes said giving an overview of the hydrogen developments in the […]

Tunisia’s 2035 energy strategy targeting carbon neutrality in 2050 was presented Wednesday evening at a Cabinet meeting chaired by Prime Minister Najla Bouden. This strategy, devised through a participatory approach between all stakeholders, is mainly aimed at guaranteeing Tunisia a secure energy supply and implementing operational and adequate measures to achieve the goals set in […]

OPEC member Iraq is planning to build an industrial zone to serve its Southern Al Faw Grand Port, which is currently under construction, the country’s Prime Minister Mohammed Al-Sudani has said. Sudani revealed the plan for the zone during a meeting with Turkish businessmen in Ankara on Wednesday, Shafaq News and other Iraqi publications said on […]

Saudi Arabia’s Cultural Development Fund has launched a $234 million Film Sector Financing Program to prop up the budding film sector in the Kingdom.  As the name suggests, it is aimed at supporting the Saudi film industry by offering financial packages to local and foreign firms to empower the private sector and boost local content.  […]

Ministry of Electricity, Water and Renewable Energy stated that it had prepared a water supply plan of producing approximately a billion Imperial Gallons of water by 2035. Ministry Undersecretary Eng Mutlaq Aburgubah stated, on occasion of world water day, that the Ministry is working round the clock to achieve the 2035 vision objectives, adding that […]