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Siemens Energy names Hussein Shoukry as MD for Middle East + Africa
Shoukry will be based in the UAE and oversee operations across 29 offices and over 4k employees
Jafurah gas plant’s first phase comes online
Jafurah could be the largest “unconventional” gas field outside the US.
Acwa Power secures over SAR 22 bn of financing for solar, wind projects
Five solar plants and two wind farms to be developed and operated under 27-year financing packages
JPMorgan sees oil prices dipping as low as USD 30 per barrel in 2027
This comes as oil markets enter a phase of oversupply
GCC Interconnection Authority to invest USD 3.5 bn in grid link over the next decade
The first cross-border connection outside the Gulf will link the GCC grid to Iraq
Acwa Power inks off USD 10 bn in agreements at FII9
The agreements span financing, renewable energy, storage, and technology collaboration.
Principal Buyer awards 4.5 GW of renewable energy projects valued at over SAR 9 bn
The batch includes some of the world’s lowest wind and solar levelized cost of energy on record
SEC inks power purchase agreements for two gas-fired plants
The agreements are valued at SAR 12.83
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