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China leading affordable EV market amid global transition challenges: S&P report
China is at the forefront of providing affordable electric vehicles, supported by government backing and a wide range of low-cost options, according to a new study.
Despite a global slowdown in the transition to EVs, a report by S&P…
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Project management practices in spotlight at Riyadh forum
Project managers and experts are scheduled to gather in Riyadh for the third Global Project Management Forum to share their experiences and discuss best global practices in the sector.
The two-day annual event will be held on June 2-3 to…
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ACWA Power signs deal for major green hydrogen project in Tunisia
Saudi-listed ACWA Power, the world’s largest private water desalination company and a leader in energy transition, has signed an agreement with the Tunisian government for a project that will produce up to 600,000 tons per year of green…
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crude slips after Fed signals no rush to cut rates as key US inflation data awaited
Oil prices fell in Asia on Friday as comments from a Federal Reserve official bolstered expectations of rates staying higher for longer, a view that will be tested later in the day with a keenly-awaited US inflation report, according to…
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Informatica spearheads Saudi digital transformation with cloud-powered solutions
Saudi Arabia is set to elevate its tourism and services to a “world-class experience” through cloud-powered digital solutions by partnering with enterprise software developer Informatica Inc., said a senior executive.
The company’s CEO,…
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Rapid rollout of clean technologies makes energy cheaper: IEA
The rapid adoption of clean technologies can enhance the affordability of energy, according to a new report.
In its latest study, the International Energy Agency said that the key task for governments globally is to make clean energy…
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Aramco completes acquisition of 40% stake in Gas & Oil Pakistan
Energy giant Saudi Aramco has completed the acquisition of a 40 percent equity stake in Gas & Oil Pakistan as the company continues its global retail expansion.
The acquisition, first announced in December 2023, represents Aramco’s…
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Innovation, entrepreneurship lead Saudi Arabia’s Q1 2024 investment deals
Innovation and entrepreneurship attracted diverse funding partners to Saudi Arabia resulting in the finalization of over 53 percent of investment deals in the first quarter of 2024, official data showed.
The latest report issued by the…
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Saudi Arabia strengthens industrial ties with the Netherlands to drive economic growth
Saudi-Dutch ties in the industrial and mining sector are set to strengthen, as the Kingdom’s industry minister visited some of the leading manufacturing firms in the Netherlands.
Bandar Alkhorayef visited the Philips Medical Devices…
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Saudi Arabia leads Middle East’s solar revolution as region eyes renewable future
Saudi Arabia has achieved a world-record low levelized cost of electricity for solar photovoltaics, reaching $10.4 per megawatt-hour, according to a new report.
A recent analysis by Norwegian business intelligence and research company…
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