energy sector

Saudi Arabia and Egypt are set to boost energy cooperation following a meeting between top officials to expand ties in petroleum, gas, electricity, renewable energy, and hydrogen. On July 21, Saudi Minister of Energy Prince Abdulaziz bin…
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Business leaders hailed Saudi Arabia’s investment environment and prospects for economic growth at an event at the London Stock Exchange on Wednesday. The BMG Economic Forum is held annually to discuss business developments in the…
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The pace of deploying digital technologies in the energy sector will depend heavily on the ability to build a workforce with the right skills, according to an analysis. In its latest report, the International Energy Agency said that…
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The International Islamic Trade Finance Corp., an autonomous entity within the Islamic Development Bank Group, dedicated $3.8 billion in 2023 to bolster member countries’ energy sectors. In its 2023 annual report, the ITFC disclosed that…
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The Middle East and North Africa region is registering the highest growth in the global renewable energy sector due to its relatively small current base and ambitious 2030 targets. In its latest report, the International Energy Agency…
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A comprehensive and integrated approach is needed to ensure energy security amongst citizens, according to the Assistant Secretary-General and Head of the Economic Affairs Sector at the Arab League, Ali Al-Maliki. During the 12th…
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The Saudi minister of energy, Prince Abdulaziz bin Salman, and the US secretary of energy, Jennifer Granholm, on Wednesday agreed a road map for cooperation between the countries in the sector. During a meeting in Riyadh, they also…
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Saudi utility firm ACWA Power has expressed interest in investing $10 billion in Malaysia over the next 10 years to develop renewable energy projects. According to a report by the Malaysian National News Agency Bernama, ACWA Power will…
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Japan’s Mitsubishi Power is committed to supporting Saudi Arabia’s growing demand for energy to help it achieve the prosperity outlined in Vision 2030, according to a top official. Adel Al-Juraid, CEO of Mitsubishi Power in Saudi Arabia,…
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Bangladesh’s energy infrastructure is poised for advancement as the Jeddah-based International Islamic Trade Finance Corp. announced plans to inject $1.4 billion into the country’s economy. ITFC, a member of the Islamic Development Bank…
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