RIYADH: Saudi Crown Prince Mohammed bin Salman said the Kingdom plans for the Saudi stock exchange to be larger than many global peers as he expects NEOM to sell shares to the public in 2024, adding nearly SR1 trillion ($266 billion) to the market. Speaking to reporters after unveiling the designs of The Line, the […]
Iran yesterday announced the discovery of a new gas field north of the South Pars gas field, which it shares with Qatar, with a capacity of about one trillion cubic metres. A spokesman for the Iranian Parliament’s Energy Committee, Malik Shariati said work in two of the four exploration phases in the field has been […]
Russia has resumed pumping gas to Europe through its biggest pipeline after warnings it could curb or halt supplies altogether. The Nord Stream 1 pipeline restarted following a 10-day maintenance break but at a reduced level. On Wednesday, the European Commission urged countries to cut gas use by 15% over the next seven months in […]
Russia is looking to accept payments in UAE dirhams for oil exports to some Indian customers, as the latest efforts by Moscow to bypass western sanctions and to move away from the US dollar, reports Reuters today, citing three sources. An invoice seen by the news agency purportedly shows the bill for supplying oil to […]
Germany and Egypt have agreed to cooperate on building a hydrogen economy as part of Europe’s efforts to diversify its energy sources, news agencies reported on Monday. Agreement was reached during a visit by Egyptian President Abdul Fattah Al-Sisi to Berlin where he took part in the 13th Petersberg Climate Dialogue. German Chancellor Olaf Scholz […]
15 agreements signed in Algiers by Italian PM, Algerian president
The US Air Force has selected 27 companies to demonstrate Joint All Domain Command and Control (JADC2) technologies. The $950 million indefinite-delivery/indefinite-quantity contract seeks “the maturation, demonstration and proliferation of capability across platforms and domains, leveraging open systems design, modern software and algorithm development in order to enable JADC2.” Where the work is performed will […]
Egypt inaugurated its first electrified light rail (LRT) system on Sunday at the Adly Mansour Central Station, considered the largest interchange station in the Middle East and North Africa (MENA). The rail system was built and part-financed by Chinese companies in a contract worth $1.24 billion signed in August 2017 between Egypt’s National Authority for […]
The first positive element, first of all on an institutional level, for the Greek industry after a long period of de-industrialization of the country, is the election of the head of the EFA Group, Christian Hadjimina, to the leadership of the Hellenic Entrepreneurs Association (EENE), one of the two major representatives of the country‘s productive […]
DUBAI/LONDON – Iran, which holds the world’s second largest gas reserves, has applied to join the BRICS group of Brazil, Russia, India, China and South Africa that Beijing and Moscow cast as a powerful emerging market alternative to the West. The term BRIC was coined by Goldman Sachs economist Jim O’Neill in 2001 to describe […]
