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Orascom JV to build USD 2.6 bn power plant expansion in Saudi Arabia
The USD 668.3 mn Qurayyah IPP project is touted as the world’s largest CCGT power plant
THIS MORNING: Taqa revives talks for a stake in Spanish gas producer and renewables firm Naturgy -report + global energy demand grew 2.2% in 2024
Plus: Dana Gas mulls USD 500 mn bond or sukuk issuance
UAE, Egypt talk cooperation + Chinese nuclear delegation meets with FANR
The Emirati and Egyptian leaders zeroed in on economic growth, investment, and development
New AED 375 mn Dubai hotel + e& teams up with Motorola Mobility on B2B enterprise mobility solutions
Plus: DP World launches rail service in India for Reliance
UAE to invest USD 1.4 tn in US over 10 years
The investments will go to AI infrastructure, semiconductors, energy, and manufacturing
UAE, US explore deeper ties in AI, energy, and investment
The national security advisor met with senior executives from Microsoft, Amazon, Palantir, Oracle, BlackRock, Nvidia, and xAI
New biochar project in the works
Plus: Binghatti gets BB- rating from Fitch
Sultan Al Jaber pushes for “energy realism” at CERAWeek
Adnoc’s CEO championed a pragmatic approach to climate action, balancing fossil fuels with renewables
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