Int’l Conference Kicks Off in Dubai to Address Challenges Facing Gas, Hydrogen Industry

The three-day event will feature an influential strategic conference and technical sessions and an industry leading exhibition. (Asharq Al-Awsat)
The three-day event will feature an influential strategic conference and technical sessions and an industry leading exhibition. (Asharq Al-Awsat)
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Int’l Conference Kicks Off in Dubai to Address Challenges Facing Gas, Hydrogen Industry

The three-day event will feature an influential strategic conference and technical sessions and an industry leading exhibition. (Asharq Al-Awsat)
The three-day event will feature an influential strategic conference and technical sessions and an industry leading exhibition. (Asharq Al-Awsat)

Gastech, the world’s foremost exhibition and conference supporting the gas, Liquefied natural gas (LNG), hydrogen and energy industry, kicked off in Dubai on September 21, bringing together 15,000 global industry professionals.

The three-day event is scheduled to address the challenges facing the industry.

It will feature an influential strategic conference and technical sessions and an industry leading exhibition, enabling the gas, LNG, hydrogen, and energy industry to engage face-to-face with the challenges of environmental agendas, leveraging technology and new means of working to match changing market requirements.

Dr. Sultan Ahmed al-Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Chief Executive Officer of the Abu Dhabi National Oil Company, will deliver the official ministerial welcome address.

As part of Gastech 2021’s opening ceremony, a ministerial panel will share insights into the role of natural gas in the energy transition, the hydrogen economy and what actions are needed to meet the growing demand for energy and cleaner fuels.

Among the participants are Suhail Mohamed al-Mazrouei, UAE Minister of Energy and Infrastructure, Eng. Saad Sherida al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and Chief Executive Officer of Qatar Petroleum, Dr. Alparslan Bayraktar, Turkey’s Deputy Minister of Energy and Natural Resources, Arifin Tasrif, Indonesia’s Minister of Energy and Mineral Resources, and Mohammad Barkindo Sanusi, Secretary-General of OPEC.

“Gastech 2021’s Strategic Conference will address the hard facts about the transition to net-zero carbon emissions,” Christopher Hudson, President of DMG events, organizers of Gastech, explained.

It will also tackle the “enormous challenge the industry, regulators and end users will have to embrace to meet the commitments of the Paris Accord on climate change mitigation and support the industry leadership in drawing up the road map to a carbon neutral and sustainable future,” he added.

Gastech’s exhibition will also showcase the latest digital technology and solutions that will positively impact gas, LNG, hydrogen, and energy industry operations for years to come, Hudson stated.

Key topics to be discussed include decarbonization and emissions management, financing and project investment, adapting business models in a post-COVID world.

Participants will also discuss the integrated energy suppliers, gas and LNG supply and demand dynamics, the potential for hydrogen to play a key role during the energy transition, diversification of the future workforce, trading, contracting and pricing, as well as EPC and project progress/updates and climate policies and the role for gas.

Taking place simultaneously, the Gastech Technical Conference features five learning streams – Hydrogen, Marine, EPC and Project, Processing and AI and Technology.



Egypt Plans $1 Billion Red Sea Marina, Hotel Development

This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
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Egypt Plans $1 Billion Red Sea Marina, Hotel Development

This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)

Egypt announced plans on Monday for a new $1 billion marina, hotel and housing development on the Red Sea in a bid to boost the region's tourist industry.

Construction on the "Monte Galala Towers and Marina" project would ‌start in ‌the second ‌half ⁠of the ‌year and run for seven years, Ahmed Shalaby, managing director of the main developer, Tatweer Misr, said.

The 10-tower development - a partnership with the ⁠housing ministry and other state bodies ‌including the armed ‍forces' engineering authority - ‍would cost about 50 ‍billion Egyptian pounds ($1.07 billion), he added.

The project, also announced by the cabinet, will cover 470,000 square meters on the Gulf of Suez, about ⁠35 km south of Ain Sokhna, Shalaby said.

Egypt aims to boost total tourist arrivals to around 30 million by 2030, from around 19 million recorded by the tourism ministry in 2025.


Saudi-Polish Investment Forum Explores Prospects for Economic and Investment Cooperation

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
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Saudi-Polish Investment Forum Explores Prospects for Economic and Investment Cooperation

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA

The Saudi-Polish Investment Forum was held today at the headquarters of the Federation of Saudi Chambers in Riyadh, with the participation of Minister of Investment Khalid Al-Falih, Minister of Finance of the Republic of Poland Andrzej Domański, and Vice President of the Federation of Saudi Chambers Emad Al-Fakhri.

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation, expanding investment partnerships in priority sectors, and exploring high-quality investment opportunities that support sustainable growth in Saudi Arabia and Poland.

During a dedicated session, the forum reviewed economic and investment prospects in both countries through presentations highlighting promising opportunities, investment enablers, and supportive legislative environments.

Several specialized roundtables addressed strategic themes, including the development of the digital economy, with a focus on information and communication technologies (ICT), financial technologies (fintech), and artificial intelligence-driven innovation, SPA reported.

Discussions also covered the development of agricultural value chains from production to market access through advanced technologies, food processing, and agricultural machinery. In addition, participants examined ways to enhance the construction sector by developing systems and materials, improving execution efficiency, and accelerating delivery timelines. Energy security issues and the role of industrial sectors in supporting economic transformation and sustainability were also discussed.

The forum witnessed the announcement of two major investment agreements. The first aims to establish a framework for joint cooperation in supporting investment, exchanging information and expertise, and organizing joint business events to strengthen institutional partnerships.

The second agreement focuses on supporting reciprocal investments through the development of financing and insurance tools and the stimulation of joint ventures to boost investment flows.

The forum concluded by emphasizing the importance of continued coordination and dialogue between the public and private sectors in both countries to deepen Saudi-Polish economic relations and advance shared interests.


Gold Rises as Dollar Slips, Focus Turns to US Jobs Data

FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
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Gold Rises as Dollar Slips, Focus Turns to US Jobs Data

FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo

Gold prices rose on Monday, buoyed by a softer dollar as investors braced for a week packed with US economic data that could offer more clues on the US Federal Reserve's monetary policy.

Spot gold rose 1.2% to $5,018.56 per ounce by 9:30 a.m. ET (1430 GMT), extending a 4% rally from Friday.

US gold futures for April delivery also gained 1.3% to $5,042.20 per ounce.

The US dollar fell 0.8% to a more than one-week low, making greenback-priced bullion cheaper for overseas buyers.

"The big mover today (in gold prices) is the US dollar," said Bart Melek, global head of commodity strategy at TD Securities, adding that expectations are growing for weak economic data, particularly on the labor front, Reuters reported.

Investors are closely watching this week's release of US nonfarm payrolls, consumer prices and initial jobless claims for fresh signals on monetary policy, with markets already pricing in at least two rate cuts of 25 basis points in 2026.

US nonfarm payrolls are expected to have risen by 70,000 in January, according to a Reuters poll.

Lower interest rates tend to support gold by reducing the opportunity cost of holding the non-yielding asset.

Meanwhile, China's central bank extended its gold buying spree for a 15th month in January, data from the People's Bank of China showed on Saturday.

"The debasement trade continues, with ongoing geopolitical risks driving people into gold," Melek said, adding that China's purchases have had a psychological impact on the market.

Spot silver climbed 2.9% to $80.22 per ounce after a near 10% gain in the previous session. It hit an all-time high of $121.64 on January 29.

Spot platinum was down 0.2% at $2,092.95 per ounce, while palladium was steady at $1,707.25.

"A slowdown in EV sales hasn't really materialized despite all the policy softening, so I do see that platinum and palladium will possibly slow down," after a bullish run in 2025, WisdomTree commodities strategist Nitesh Shah said.