DECARBONIZATION-

Adnoc + Kawasaki sign agreement to boost low carbon hydrogen chain: The AbuDhabi National Company (Adnoc) signed an agreement with Japanese manufacturing giant Kawasaki to explore joint production, liquefaction, and transport mechanisms for low-carbon hydrogen for delivery to international markets, according to a company tweet. The timelines and financials of the partnership were not disclosed.

Japan is also interested in Saudi and Oman: Saudi mining company Ma’aden inked an MoUlast month with Japanese industrial conglomerate Mitsui & Co to become the first commercial supplier of blue ammonia to Japan. Japanese trading and investment conglomerate Marubeni also signed an agreement last month with Saudi Arabia’s Public Investment Fund to jointly conduct a feasibility study for a green hydrogen production facility in the Kingdom, noting that it would export some of the green hydrogen to international markets.

Aramex will pay out dividends of AED 0.09533 per share to its shareholders, equivalent to 9.5% of its shares, after its annual general assembly approved the distribution yesterday, according to a release (pdf).

ALSO WORTH KNOWING-

  • Saudi IT firmAl Moammar Information Systems was awarded a project worth SAR 188 mn by the Saudi Investment Recycling Company to build a Maritime Emergency Response and Surveillance Support Center to monitor oil leaks in the Arabian Gulf and Red Sea regions. (Saudi Exchange)
  • US-based pharma firm Scilex Holding has signed an agreement with AD Ports Group and CH Trading group to distribute topical pain medication in Bahrain, Egypt, Kuwait, Oman, and the UAE. (Statement)
  • Qatar Airways will resume non-stop flights to Auckland,New Zealand startingSeptember, following a years-long hiatus, bringing back one of the world’s longest long-haul flights. (Simple Flying)
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