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Jordan, Germany to Host Middle East and North Africa-Europe Future Energy Dialogue

Jordan, Germany to Host Middle East and North Africa-Europe Future Energy Dialogue

Jordan’s Energy and Mineral Resources Minister Saleh Kharabsheh and German Federal Minister for Economic Affairs and Climate Action Robert Habeck on Saturday announced intensifying cooperation between the two governments in the field of energy policy under the Jordanian-German energy partnership pro

Al Rumayyan: Carbon Trading Platform in Saudi Arabia is Evidence of Change

Al Rumayyan: Carbon Trading Platform in Saudi Arabia is Evidence of Change

The presence of a carbon trading platform in Saudi Arabia is in itself evidence of change, said the governor of the Saudi Public Investment Fund (PIF), Yasir Al Rumayyan, confirming that mega projects in the Kingdom like NEOM are depending on green sources for their energy needs. Speaking at a re

Egypt Expects Suez Canal Revenues to Hit $7 Bln by End of Fiscal Year

Egypt expects the Suez Canal's revenues to reach about $7 billion by the end of the current fiscal year, finance minister Mohamed Maait said on Saturday. Tourism revenues are expected to reach between $10 billion and $12 billion by then, despite the Ukrainian crisis, he added.

Saudi Arabia’s PIF Acquires Stakes in Nintendo

Saudi Arabia’s PIF Acquires Stakes in Nintendo

Saudi Arabia’s Public Investment Fund (PIF) has taken a 5.01% stake in Nintendo Co, as the sovereign wealth fund increases its exposure to the Japanese video gaming industry.

Foundation Stone Laid for First Lucid Plant in Saudi Arabia

Foundation Stone Laid for First Lucid Plant in Saudi Arabia

US-based Lucid Motors on Wednesday laid the foundation stone for its first-ever electric car plant outside the US at King Abdullah Economic City (KAEC) in the Saudi western city of Rabigh. Minister of Industry and Mineral Resources Bandar Alkhorayef announced that Saudi Arabia is targeting manufa

Abu Dhabi's Borouge to Sell 10% of Shares in IPO, List on ADX

Abu Dhabi's Borouge to Sell 10% of Shares in IPO, List on ADX

Abu Dhabi National Oil Company (ADNOC) and its Austrian chemicals partner Borealis plan an initial public offering of their petrochemicals joint venture Borouge, the latest step in the Abu Dhabi state energy group’s asset monetization program.

Shell Acquires Egypt's Offshore Block 3

Shell Acquires Egypt's Offshore Block 3

A subsidiary of Shell plc, BG International, signed a farm out agreement (FOA) with ExxonMobil Egypt to acquire a 100% stake in the Exxon Mobil-operated North East El-Amriya offshore area, Mediterranean Sea, also known as Block 3, a Shell statement said on Wednesday. "On completion of the transfe

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