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India unveils green hydrogen targets in bid to become export hub
Saudi Arabia is planning the world’s biggest green hydrogen project at Neom, the futuristic city being built on the Kingdom’s Red Sea coast with production slated to begin in 2026.
Both Saudi Arabia and India have big plans for…
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US Apollo beefs up UAE’s FDI with $1.4bn stake in Abu Dhabi developer Aldar
US-listed Apollo will inject $1.4 billion in Abu Dhabi-based developer Aldar in what would be one of the largest foreign direct investments in the country’s private sector, according to a company's statement.
Under the deal, the global…
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Netflix orders documentary series about alleged scheme to launder billions of dollars in…
American subscription streaming service, Netflix has ordered a documentary series about a couple’s alleged scheme to launder billions of dollars worth of stolen cryptocurrency in the biggest criminal financial crime case in history.
The…
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IMF says more work needed for Lebanon aid deal
After two weeks of talks, the IMF said Friday it has advanced efforts to secure an aid program to help Lebanon overcome its “unprecedented and complex” economic crisis, but more work is needed.
The country will need fiscal reforms that…
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Unilever expects new Ben & Jerry’s ‘arrangement’ for Israel by year-end
The board of Ben & Jerry’s aims to work out a “new arrangement” for sales in Israel before the end of the year, Unilever PLC’s CEO said on Thursday.
This comes after the US-based independent ice cream brand last year committed to…
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Europe needs $134bn for 65m EV chargers; EU injects $1.82bn in Morocco’s transition
The energy sector has numerous green projects, investments, and strategies that are mainly concentrated in Europe. Elsewhere, Japan is helping with Europe's energy crisis.
Looking at the bigger picture:
Europe will need to have 65…
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Dubai property market could see massive gains when Expo 2020 ends
The Dubai property market is set to benefit when Expo 2020 transitions into a mixed-used community, Zoom Property said.
Called “District 2020,” the new community will reuse and retain at least 80 percent of the infrastructure used for…
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Fitch downgrades 11 Kuwaiti banks and keeps outlook stable
Fitch Ratings has lowered the Long-Term Issuer Default Ratings, or IDRs, of 11 Kuwaiti banks as the oil-rich nation's political system is affecting the economy.
The banks are the National Bank of Kuwait, Kuwait Finance House, Boubyan…
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Germany’s H2 Industries invests $3bn to launch hydrogen plant in Egypt
German energy storage firm H2 Industries will invest $3 billion to establish a green hydrogen plant in Egypt, Asharq reported, citing the firm’s CEO Michael Stauss.
Located east of Port Said, the plant will have a production capacity of…
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Egypt’s new El Alamein city sees $4bn investments: minister of housing
Projects involved in Egypt’s new El Alamein city have raised 62 billion Egyptian pounds ($4 billion) to date, the minister of housing, utilities and urban communities said.
Assem El-Gazzar added these projects have offered 100,000 job…
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