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  • Thailand’s PTT and ACWA Power to invest $7bn in green hydrogen

    The plant will be built in Thailand and have a production capacity of 225,000 tons of hydrogen per year, equivalent to around 1.2 million tons of ammonia. The two companies, along with the state-owned Electricity Generating Authority of Thailand, signed a memorandum of understanding in November 2021 to proceed with the project. The investment pledge represents a significant step forward in realizing the plan.

  • UAE Leader Consolidates Power Amid Regional Uncertainty

    On March 29, Sheikh Mohammed bin Zayed Al Nahyan (MBZ), the president of the United Arab Emirates (UAE) and ruler of Abu Dhabi emirate, appointed three brothers and a son to key positions, consolidating his authority and clarifying the succession. Most significantly, MBZ appointed his 41-year-old eldest son, Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, as Abu Dhabi crown prince - effectively positioning him as heir apparent to the 62-year-old leader.

  • Saudi provides $240 mln for Pakistan hydro-power dam

    Saudi Arabia will provide a $240 million loan to co-finance Pakistan's multi-purpose Mohmand dam project, a major hydro-power complex being built in northwest of the country, statements from both sides said on Friday. The project will "contribute to Pakistan's energy security, increase sustainable water supply for agriculture and human consumption and improve resilience to floods," Pakistan's economic affairs ministry said in a statement.

  • Opinion: Mind the Middle Powers

    In international relations literature, the concept of middle powers is fairly vague. It generally refers to nations that are not strong enough to count as “great” powers but still have significant influence and strategic importance. Typically, middle powers are characterized by a certain degree of heft — in economic, geographic, demographic, or military terms — but some relatively small states can vault into the category as a function of their international activism and influence.

  • Inside Saudi Arabia’s Global Push for Nuclear Power

    The Saudi energy ministry said the kingdom’s “peaceful nuclear power program” would be based on “transparency and international best practices,” and that it would work closely with the International Atomic Energy Agency and countries that have signed general agreements with the Saudis to help with nuclear energy. Those include China, Russia, South Korea and France.

  • Inside Saudi Arabia’s Global Push for Nuclear Power

    The Saudi energy ministry said the kingdom’s “peaceful nuclear power program” would be based on “transparency and international best practices,” and that it would work closely with the International Atomic Energy Agency and countries that have signed general agreements with the Saudis to help with nuclear energy. Those include China, Russia, South Korea and France.

  • Opinion: Congress Has the Power to Halt U.S. Arms Sales to Saudi Arabia

    Only five days after Saudi Arabia and Iran agreed to normalize relations, the Senate moved one step closer to possibly ending U.S. arms sales to Riyadh through legislation that could redefine the entire U.S.-Saudi relationship.

  • AUMF: Senate votes to repeal Iraq War power authorizations

    The legislation now goes to the US House of Representatives for a vote. Speaker Kevin McCarthy has signaled support for it and said it would likely be brought to the floor. With bipartisan support for the repeal, the measure appears to have a good chance of passing the chambers, though it’s still unclear if lawmakers will try to amend it.

  • More Americans See U.S. as Leading Economic Power

    More Americans now than in 2021, 44% to 37%, believe the United States is the leading economic power in the world. That seven-percentage-point increase is nearly matched by an eight-point decline (from 50% to 42%) in the percentage identifying China as the top economic power.

  • Empowering Saudi Arabia’s private sector is at the heart of everything PIF does 

    By acting as a cornerstone investor, PIF’s size and long investment horizon mean we can step in at the early stages, lay the foundations, and “crowd in” the private sector. This is particularly important in sectors that do not exist currently or are in the early stages of growth in the Kingdom. From investments in the automotive sector, establishing the Kingdom as a manufacturing hub for the next generation of electric vehicles, to the growing esports and gaming industries, and as a major investor in renewable energy, PIF is catalyzing emerging sectors and investing in our shared future.