Environment & Energy | Wednesday 5 July, 2023 9:02 am

SWCC deploys Innovative Floating Desalination Barges to Meet Water Demand During Hajj Season

To meet the surging demand for potable water during the Hajj season in Makkah and Madinah, the Saline Water Conversion Corporation (SWCC) deployed floating desalination barges to address the seasonal water requirements. With over 1.6 million pilgrims having arrived in Saudi Arabia, the timely...

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Environment & Energy | Tuesday 4 July, 2023 1:36 pm

Business Leaders at London Climate Action Week Urge Ambitious Action Ahead of COP28

Ahead of COP28 UAE climate conference being held in Dubai from 30th November 2023, business leaders gathered along with policy makers in London at the London Climate Action Week between the 24th of June and the 2nd of July to forge partnerships aimed at advancing progress towards climate and nature ...

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Environment & Energy | Monday 3 July, 2023 1:51 pm

Ministry of Energy: Saudi Arabia will extend the voluntary cut of one million barrels per day for another month to include August

An official source from the Ministry of Energy announced that the Kingdom of Saudi Arabia will extend the voluntary cut of one million barrels per day, which has gone into implementation in July, for another month to include the month of August that can be extended, and in effect, the Kingdom’s...

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Environment & Energy | Tuesday 27 June, 2023 1:30 am

Global oil market fundamentals sound for rest of 2023: Aramco CEO

Global oil market fundamentals are expected to remain sound for the rest of the year, underpinned by healthy demand in developing countries, especially in China and India, Saudi Aramco CEO and President Amin Nasser said.   On Aramco’s strategy in Asia, Nasser said: “We are...

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Environment & Energy | Tuesday 27 June, 2023 1:02 am

OPEC sees global oil demand rising to 110 mln bpd by 2045

The Organization of the Petroleum Exporting Countries (OPEC) expects global oil demand to rise to 110 million barrels per day (bpd) by 2045 and oil to account for nearly 29% of the energy mix by then.   "The world cannot do without oil in the foreseeable future," OPEC Secretary...

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Environment & Energy | Monday 26 June, 2023 12:07 am

Riyadh, Jeddah advance on Global Liveability Index

Riyadh and Jeddah moved forward on the Global Liveability Index 2023 in an annual report prepared by the Economist Group's Economic Intelligence Unit (EIU), in its ranking of 140 cities.   Riyadh and Jeddah advanced to take the 103rd and 107th positions on the index, respectively,...

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Environment & Energy | Sunday 25 June, 2023 1:00 am

Aramco, Total award contracts for $11 bln Amiral project

Saudi Aramco and TotalEnergies today awarded Engineering, Procurement and Construction (EPC) contracts for the $11 billion "Amiral" complex, a future world-scale petrochemicals facility expansion at the SATORP refinery in the Kingdom of Saudi Arabia. A signing ceremony took place in...

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Environment & Energy | Sunday 25 June, 2023 12:33 am

Oil settles lower, posts over 3.5% weekly loss

Oil prices declined on June 23 amid continued fears of low demand amid signals by central banks that monetary tightening will continue to curb inflation. The dollar index, which measures its value against a basket of major currencies, rose after statements by Federal Reserve...

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Environment & Energy | Thursday 22 June, 2023 9:42 am

Zero Trust is top cloud security priority for the next year, Middle East Cloud Security Research finds

Middle East cloud security professionals have identified Zero Trust as the number one cloud security priority for the next year, according to a recent survey. The 'Future of Cloud Security in the Middle East' report found that 56% of regional cloud security experts would prioritize Zero Trust...

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Environment & Energy | Tuesday 20 June, 2023 11:03 am

Invictus celebrates crossing one million metric tonnes of agro-commodity exports to Egypt so far this year, expanding its global reach

– Invictus Investment Company Plc (ADX: INVICTUS), today announced that it has successfully contracted over one million metric tonnes of agro-commodities to Egypt. Invictus has seen a remarkable increase in its commodity trading business in Africa, with Egypt as one of the key ...

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