logo

News related to
energy

Saudi Aramco has signed a letter of intent (LoI) with a Spanish-Chinese joint venture to develop a $2.2 billion gas compression project. The partnership, which includes Técnicas Reunidas and Shandong Electric Power Construction Corporation (SEPCO), aims to enhance Saudi Arabia’s natural gas production capabilities. The project will be executed at the Haradh and Hawiyah gas fields, pivotal components of the country’s vast gas reserves. Aramco’s move aligns […]

High net worth individuals (HNWIs) are increasingly gravitating towards alternative assets. This trend is more than a passing phase; it’s a seismic shift driven by a confluence of factors ranging from market volatility to the pursuit of superior returns. As the global financial environment becomes more complex and uncertain, alternative assets are providing HNWIs with the diversification, resilience, and growth opportunities that traditional investments struggle to match. […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 22 July 2024 – The U.S. SEC has given preliminary approval to at least three of the eight asset managers planning to launch Ether ETFs, allowing them to start trading on 23 July. This approval depends on the submission of final offering documents. According to Bitwise CIO Matt Hougan, Ether ETFs could have a more significant impact on Ether’s […]

Saudi Arabia’s investment in US Treasury bonds has surged to $136.3 billion as of May, reflecting a significant year-on-year increase of 22.46% from $111.3 billion in the same month of 2023. This rise places the Kingdom as the 17th largest holder of US government debt, according to recent data from the US Treasury Department. The increase is notable against a backdrop of fluctuating bond values over the […]

Bandar Alkhorayaf, Saudi Arabia’s Minister of Mining and Industry, is set to embark on a significant diplomatic tour this week, visiting Brazil and Chile to bolster the Kingdom’s industrial and resource capabilities. This visit underscores Saudi Arabia’s strategic initiative to enhance its mining sector and expand its footprint in the global market for critical resources. During his trip to Brazil, Alkhorayaf will engage with high-ranking officials to […]

Kuwait Oil Company has taken a significant step in its strategic shift towards sustainability by awarding a key advisory contract focused on renewable energy and hydrogen technologies. This move reflects the company’s commitment to diversifying its energy portfolio and aligning with global trends in environmental responsibility. The advisory contract, valued at approximately $20 million, will be led by a consortium of leading energy consultancies specializing in renewables […]

Sweltering heat continues to grip Dubai and Kuwait, with temperatures soaring to unprecedented levels. In recent weeks, heat indices have exceeded 60°C (140°F) due to a combination of high temperatures and humidity, creating dangerous conditions for residents. Dubai has been experiencing extreme heat, with temperatures peaking at around 50°C (122°F). The intense heat is compounded by high humidity levels, which have caused the heat index to rise […]

Advertisements

A significant increase in global electricity demand is projected for this year, with an anticipated rise of approximately 4%, surpassing the 2.5% growth recorded in 2023. This surge is primarily attributed to robust economic expansion, elevated heatwaves, and the accelerated adoption of electricity-dependent technologies. The International Energy Agency (IEA) has identified several key factors fueling this demand increase. Intense heatwaves across various regions have led to heightened […]

Since 2019, DHL Group’s GoTeach program has benefitted more than 270 young individuals in Cambodia PHNOM PENH, CAMBODIA, – Media OutReach Newswire – 22 July 2024 – DHL, the world’s leading logistics provider, celebrates its five-year partnership with Teach For Cambodia under DHL Group’s GoTeach program. Since 2019, DHL has positively impacted the lives of over 270 young individuals in Cambodia through employability skills enhancement, mentorship, educational […]

Edamah, the real estate development arm of Bahrain Mumtalakat Holding Company, is nearing the completion of its extensive refurbishment project for Reef Mall, located in Malkiya, a suburb near Hamad Town. The redevelopment initiative is part of a broader strategy to enhance retail and leisure experiences in the region. The renovation of Reef Mall is set to transform the shopping center into a modern retail hub, featuring […]

Azerbaijan’s senior official Hikmet Hajiyev announced the invitation extended to Armenia for the COP29 climate summit. This invitation marks a significant step in regional diplomacy, particularly given the history of tensions between the two nations. The move aims to foster cooperation on environmental issues, demonstrating a commitment to global climate action despite longstanding political disputes. The climate summit, set to take place later this year, will bring […]

The International Energy Agency (IEA) has recently projected a significant increase in electricity consumption by data centers in the European Union, estimating a 30% rise above 2023 levels by 2026. This forecast underscores growing concerns about the sustainability of digital infrastructure and its impact on energy resources. Data centers, which house the vast networks of servers required to power everything from cloud computing to online streaming, have […]

Arabian Post Staff The urgent call for the energy industry to reduce its carbon emissions has gained prominence as Dr. Fatih Birol, Executive Director of the International Energy Agency (IEA), warns of catastrophic climate consequences if immediate actions are not taken. This warning comes amid growing concerns over the accelerating pace of climate change and its potential to trigger severe environmental and economic disruptions. Dr. Birol emphasized […]

Modi-Putin Talks Have Imparted A New Dimension To Overall Economy Of IndiaModi-Putin Talks Have Imparted A New Dimension To Overall Economy Of IndiaBy Subrata Majumder Narendra Modi’s visit to Russia on July 8 and 9, the first since Ukraine war, carries major significance. India’s shifting of oil dependence from OPEC to Russia opens a new chapter of economic relation between the two nations, after it was subdued with the breakdown of Soviet Union in 1991. Apart from […]

Haryana is gearing up to inaugurate India’s pioneering green coal plants in Gurugram and Faridabad. This groundbreaking initiative, spearheaded by the central government, seeks to revolutionize waste management by converting waste materials into eco-friendly charcoal. The ambitious project aims to tackle the pressing issue of waste disposal while promoting a cleaner and more sustainable environment. The innovative green coal technology involves the process of pyrolysis, where organic […]

Masdar, the UAE’s leading clean energy company, successfully secured $1 billion through its second green bond issuance under the Green Finance Framework. This significant financial achievement highlights the company’s ongoing commitment to sustainable energy projects and its prominent role in the global transition towards renewable energy sources. The issuance, which took place a year after Masdar’s inaugural green bond, was met with strong demand from international investors, […]

Saudi Arabia’s economic transformation under Vision 2030 has garnered praise from the International Monetary Fund (IMF) for its recent recalibrations. As the Kingdom approaches the midpoint of its ambitious plan, these adjustments are seen as crucial for maintaining momentum and addressing evolving challenges. Jihad Azour, the IMF Director for the Middle East and Central Asia, highlighted the strategic importance of these recalibrations. He emphasized that such revisions […]

According to the latest preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, global smartphone shipments experienced a notable increase of 6.5% year-over-year, reaching a total of 285.4 million units in the most recent quarter. This growth marks a significant rebound from previous periods of stagnation and reflects an ongoing recovery in the smartphone market. The data highlights a strong resurgence in demand […]

Investing HK$400 million to Build a 150-member Team and Leading AI and Medical AI Development in Hong Kong HONG KONG SAR – Media OutReach Newswire – 19 July 2024 – iFLYTEK Co., Ltd., renowned in the Asia-Pacific region and a leading listed company specialising in intelligent speech and Artificial Intelligence (AI), along with its subsidiary Xunfei Healthcare Technology Co., Ltd., is establishing an international headquarters at Cyberport […]

As preparations for the Paris Olympic Games intensify, a notable emphasis on sustainability is emerging as a central theme. Organizers have unveiled comprehensive plans to make this event one of the most environmentally friendly in Olympic history. From renewable energy usage to sustainable construction practices, the Paris 2024 Olympics aims to set a new benchmark for future global sporting events. The organizing committee has committed to a […]

Abu Dhabi-based renewable energy company Masdar has successfully raised $1 billion through the issuance of green bonds. The 10-year bonds, oversubscribed significantly, attracted over $4.2 billion in demand. This marks a significant milestone for Masdar, as the funds will support various renewable energy projects, enhancing the company’s commitment to sustainability. The bonds were launched at a spread of 115 basis points over U.S. Treasuries, reflecting strong investor […]

A Composition by Toni Thompson Explores Singapore’s Continuing Quest for Greater Intercultural Understanding, to Coincide with Racial Harmony Day 2024 SINGAPORE – Media OutReach Newswire – 19 July 2024 – Laura Ellington Music is happy to announce the release of a new music video for “Shining Star Amid The Straits,” a song written by its creative director Toni Thompson, to coincide with Singapore’s Racial Harmony Day 2024. […]

The Middle East is witnessing a significant shift towards environmental, social, and governance (ESG) formats in financial issuance. This trend marks a growing alignment with global sustainability standards as issuers in the region increasingly prioritize ESG criteria in their financial strategies. This shift is driven by the rising awareness of the importance of sustainable finance, alongside pressures from international investors and regulatory frameworks pushing for greener and […]

Facing dwindling revenues and declining profitability, bitcoin miners are increasingly turning to alternative sources of income. The downturn in the cryptocurrency market has left many miners grappling with financial difficulties, prompting them to explore new business avenues to offset losses. A growing number of these miners are now investing in and hosting artificial intelligence (AI) computing facilities, a shift that is beginning to bear fruit in their […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
XTransfer and Bank of China (Hong Kong) Announce Partnership at Hong Kong FinTech Week // Row over SARAL law bypassing local bodies // mamun raises US$3 million to finance cross-border trade between the Gulf and Asia // CPI, CPM dispute portrayal of Vayalar uprising leaders // Democrats secure Senate majority after Republican election losses // Winners and losers if a blue wave sweeps US Congress // Use Of Nuclear Weapons Against Iran Could Trigger A Global Chain Reaction // Ondine Capital Announces First Close of Fund III to Drive AI and Semiconductor Innovation // US forces conduct undisclosed strikes on Qeshm Island // Can Bernie Sanders Ensure Enough Left Representation In New Congress? // Assembly ruckus trial begins after 11 years // Binance SAFU bitcoin holdings halve after security breach // Bridge Data Centres Appoints New Co-Chief Executive Officer // ADIPEC leaders urge investment in global energy networks // UAE outlines Dh200 billion energy investment at ADIPEC // ADNOC authorises Ruwais Diyab gas development for 2029 // Vingroup And Legends Global Announce Strategic Partnership For VinFast – Trong Dong Stadium // Wired earphones regain buyers as 2016 nostalgia spreads // Allianz Insurance Singapore Wins Best Annual Travel Insurance Award at TripZilla Excellence Awards 2026 // XRG secures agreement for $1.45bn Australian LNG stake //