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  • Saudi Arabia’s ACWA Power eyes new markets, more green hydrogen plants

    Saudi Arabia’s ACWA Power hopes to triple its business in the next five years to reach $250 billion in assets under management, a top company official said this week. ACWA Power’s chief investment officer, Thomas Brostrom, said the company currently has about $95 billion in assets under management. “We have a very ambitious growth plan,” Brostrom said in an interview at the Future Investment Initiative (FII) summit in Riyadh, highlighting significant agreements signed this week worth over $1.78 million. “You can feel the energy, it’s really bustling and sparkling energy,” Brostrom said of the FII.

  • Kering Launches its Kering Generation Award in Saudi Arabia in Partnership with the Saudi Fashion Commission

    The first Saudi edition of this Award program will specifically seek to identify start-ups that have an impact on customer engagement, circular economy and water protection. Together, Kering and the Saudi Fashion Commission commit to driving impactful change by promoting sustainable practices and supporting visionary fashion initiatives that shape a responsible future.

  • Saudi Arabia’s FDIs top set agenda, says Al-Falih

    The growth of the Saudi gross domestic product since the launch of Vision 2030 reached 70%. During the same period, the local economy ranked the second fastest growing among the G20 nations, despite the oil market shocks and geopolitical turmoil, said the minister in a speech on the first day of the Future Investment Initiative Summit held in Riyadh.

  • US consul general praises plan to link Iraq and GCC electricity grids at international forum

    In an interview with Arab News, James Sindle said the plan to link Iraq’s grid with that of the GCC “is a vital step toward greater regional interdependence.” “It will not only provide critical power to the Iraqi people but also pave the way for deeper economic cooperation in the years to come.” Sindle went on to say: “As President Biden emphasized during the April 2023 Major Economies Forum on Energy and Climate, addressing the climate crisis requires ambitious efforts, including reducing emissions and investing in multilateral solutions. The United States is proud to support these global efforts through contributions to the Green Climate Fund and other initiatives aimed at empowering developing countries to take climate action.”

  • In collaboration with Transport General Authority: first hydrogen-powered taxi pilot project launched in Saudi Arabia featuring Toyota Mirai

    The Transport General Authority (TGA), Abdullah Hashim Industrial Gases & Equipment (AHG), Abdul Latif Jameel Motors, the authorized distributor of Toyota vehicles in Saudi Arabia since 1955, and Toyota Motor Corporation (TMC) have launched a seven-day trial of the Toyota Mirai, a cutting-edge, hydrogen-powered fuel cell electric vehicle (FCEV), as part of a taxi fleet in Jeddah. A first-of-its-kind in Saudi Arabia, the initiative commenced on 20 October and is aimed at assessing the viability of hydrogen as a zero-emission fuel source for Saudi Arabia’s public transportation system, furthering the Kingdom?s ambitions for sustainable and environmentally friendly transportation solutions.

  • Israeli strike kills journalists in Lebanon, Blinken sees urgent need for resolution

    An Israeli strike killed three journalists in south Lebanon on Friday, Lebanon's health ministry said, and the UN refugee agency warned that Israeli airstrikes on a border crossing with Syria were hindering refugees attempting to flee the war. U.S. Secretary of State Antony Blinken said there was an urgency to get a diplomatic resolution to the conflict, a day after he said Washington did not want to see a protracted campaign in Lebanon by its ally Israel.

  • MBC Studios Head Zeinab Abu Alsamh on Training the Next Generation of Saudi Talent

    Prior to joining Saudi Arabia’s MBC Group in 2021, Zeinab Abu Alsamh, one of The Hollywood Reporter‘s 2024 Most Powerful Women in International TV, served as chief commercial officer of the Saudi Broadcasting Authority, where she was responsible for the programming strategies of its entire broadcast portfolio. At MBC Studios, the in-house premium content production arm of MBC Group, she oversees the production and development of new projects, while also serving as CEO of MBC Academy, which discovers and nurtures emerging talent.

  • Russia, Iran, China could stoke post-election violence, US intelligence officials say

    Russia, China and Iran are intent on fanning divisive narratives to divide Americans ahead of the Nov. 5 U.S. elections and may consider fomenting violence after voters go to the polls, U.S. intelligence officials said on Tuesday. The officials, briefing reporters on U.S. election security, said foreign actors could consider physical threats and violence, and are highly likely to conduct disinformation operations to create uncertainty and undermine the election process.

  • Saudi aid agency KSrelief continues global humanitarian efforts

    The King Salman Humanitarian Aid and Relief Center (KSrelief) continues to provide humanitarian assistance to people in Syria, Yemen, Sudan and Jordan. KSrelief distributed 1,321 food parcels and 1,321 hygiene kits on Wednesday in the city of Afrin in Aleppo Governorate, benefiting 7,926 individuals. The assistance is part of a project entailing providing aid to individuals affected by the earthquake in northern Syria.

  • GCC Secretary General: GCC-EU Summit a Milestone in Deepening Ties

    In his remarks, Albudaiwi highlighted that, according to the cooperation agreement signed by both sides in 1988 and the Joint Action Programme for the period 2022-2027, which includes constructive mechanisms and proposals for cooperation in political, security, economic, and other fields, this distinguished relationship is a source of pride due to its high standing on many fronts, including political coordination, energy cooperation, and academic, health, and cultural collaboration. He noted that the strategic partnership holds great potential to achieve higher economic, political, and security integration levels and enhance communication between our peoples.