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According to the report, PepsiCo Middle East CEO Aamer Sheikh highlighted the company's 100 percent local and regional water replenishment initiatives as part of its sustainability goals.
Amar Sheikh announced it on the sidelines of the second edition of the LEAP tech conference in Riyadh.
Saudi Arabian mining company Ma'aden, together with the King Abdullah University of Science and Technology (KAUST) Innovation Ventures Fund, are investing $6 million USD into Lithium Infinity (Lihytech), said the report.
The KAUST startup's battery-grade lithium will be a key component in driving the Kingdom of Saudi Arabia's commitment to developing the entire value chain of electric vehicles (EVs).
According to the news, H.E. Suhail bin Mohamed Al Mazrouei, Minister of Energy and Infrastructure, was briefed on Monday on the efficiency of the Shawka Dam in the Emirate of Ras Al Khaimah and its readiness for any future developments.
This follows the depression that swept across the country and the heavy rainfall it brought.
According to the media, Miral and SeaWorld Parks & Entertainment have launched Yas SeaWorld Research and Rescue Yas Island, Abu Dhabi, the first dedicated marine research, rescue, rehabilitation and return centre in the MENA region.
A report says, Saudi Basic Industries Corporation will invest $1.3 billion for the second phase in its energy transition, according to Fahad Al-Sherehy (Vice President of Energy Efficiency and Carbon Management).
Saudi Power Procurement Company (SPPC) has announced that 21 major developer/developer consortiums including global energy leader GE, French utility major EDF, Samsung and India’s energy conglomerate NTPC have prequalified for the development of four combined-cycle electrical power generation projects with provision for Carbon Capture and Sequestration (CCS) readiness, said the report.
International Energy Agency reported, Asia will for the first-time use half of the world’s electricity by 2025, even as Africa continues to consume far less than its share of the global population.
Much of Asia’s electricity use will be in China, a nation of 1.4 billion people whose share of global consumption will rise from a quarter in 2015 to a third by the middle of this decade, the Paris-based body said.
EWEC (Emirates Water and Electricity Company), a key company in the integrated coordination of planning, purchasing and supply of water and electricity across the UAE, has announced it will conduct the Q1 auction for Clean Energy Certificates (CECs) in Abu Dhabi, said a report.
According to S&P Global Ratings, there is likely to be a “strong pipeline” of sustainable bonds coming from the Middle East this year, as the region continues to focus on the green economy.
The wider Europe, Middle East and Africa region accounted for the biggest share of green, social, sustainable and sustainability-linked bonds (GSSSB) worldwide in 2022, at 48 per cent, the ratings agency said in a report on Wednesday.
Swedish energy firm Tethys Oil said it plans to invest between $85 and $95 million in the development of its upstream oil and gas assets in the Sultanate of Oman this year.