MUST-READS

• Saudi Power Procurement Company signs deals for three solar projects
  Saudi Power Procurement Company (SPPC) has signed power purchase agreements for three new solar photovoltaic projects with total capacity of 5.5 gigawatts (GW), the Saudi energy ministry said on Wednesday. In a statement through the Saudi stock exchange on Thursday, ACWA Power said the agreements are worth 12.3 billion riyals ($3.28 billion) in total.
  The agreements are with Saudi renewable energy utility ACWA Power Company, the Water & Electricity Holding Company (Badeel) and Aramco Power. Badeel is wholly owned by Saudi Arabia's Public Investment Fund.

• Saudi Tadawul Group Invests in Dubai Exchange

  The acquisition sees Saudi Tadawul Group Holding Company become the joint largest shareholder in DME Holdings Limited, the parent company of Dubai Mercantile Exchange (DME), alongside CME Group, through the acquisition of a mix of new and existing shares. DME will be rebranded as the Gulf Mercantile Exchange (GME) to reflect its position as the key regional commodities exchange in the Middle East.

• Strategic interests galvanise Gulf’s renewables spending

  “The producers in the Gulf see a different scenario — and particularly a lifeline through petrochemicals — [in which] there will be sustained demand for their product for at least the next 20 years,” says Young.  The Gulf states “believe they will be the last man standing because they will sell the lowest carbon intensity fuel in the future”, adds al-Sarihi, on the basis that compared with other sources of oil, those in the region require the least amount of energy to extract.

• Just Wars Can Still Be Bad Wars: A Response to Readers on Gaza

  I’ve written a lot about the war in Gaza since October, taking the starting point that both Israelis and Palestinians have a right to live in security, that Hamas’ goals and actions make it the enemy of both, that no hurt can justify collective punishment, and that counterproductive wars make for very bad policy.

• The Saudi Capital Market Continues to Set Annual Records in 2023.

  The Capital Market Authority (CMA) issued its 2023 annual report, highlighting significant leaps and record achievements in various regulatory and legislative aspects, as well as developmental and investment product areas. During the past year, CMA approved a new regulation and amended four other regulatory regulations, rules, and instructions. That year also saw the approval by the Council of Ministers of the Real Estate Contributions Law, all in the continuous effort to develop legislation and regulations governing the capital market, according to the annual report issued today.

• Indian and Middle Eastern Carriers Boost Connectivity to Tap India’s Outbound Potential

  In an interview with Skift, low-cost carrier Akasa Air’s co-founder Praveen Iyer said that while expanding internationally, the airline received flying rights to Qatar, Saudi Arabia, and Kuwait. “Each of these countries are constrained for capacity, and are therefore interesting markets,” he said, adding that the traffic flows between India and the Middle East will only grow with each passing year.

• Japan, Australia and Saudi Arabia grouped together in third round of Asian World Cup qualifying

  Japan, Australia and Saudi Arabia will face each other in the third round of Asia’s World Cup qualification for a third cycle in a row following Thursday’s draw in Kuala Lumpur. The three powerhouses, with 19 World Cup appearances between them, have been placed in Group C with Bahrain, China and Indonesia.

• Top websites in Saudi Arabia from December 2022 to November 2023, by number of unique visitors

  Top websites in Saudi Arabia from December 2022 to November 2023, by number of unique visitors,

• A Rare Bilingual Inscription Discovered in Saudi Arabia’s Tabuk Province

  The discovery is a component of the commission’s ongoing archaeological survey efforts throughout the Kingdom. The inscription is thought to have been written in the fifth century AD based on research on letter forms and their evolution. The inscription is a combination between the Thamudic script and early Arabic script, standing as a living proof of the continued use of the Thamudic script in the 5th century AD.

• Damac Group invests $1 billion in data centers, eyes Saudi expansion

  Luxury conglomerate Damac Group is making a significant pivot towards the future with a $1 billion investment in data centers and a growing focus on artificial intelligence (AI). Recognizing the increasing demand for robust digital infrastructure, Damac is strategically expanding beyond its core real estate, hospitality, and property management businesses.

• 10 of 44010 results<< 1 … 323 324 325 … 4,401 >>