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ENGIE aims for more UAE growth following $11.9bn green investments

RIYADH: French utility company ENGIE is looking to further deepen its roots in the UAE market, with $11.9 billion already invested in different projects in the Gulf country, according to a senior official from the firm. In a statement to the Emirates News Agency, Frederic Claux, ENGIE’s managing director of thermal & supply for the Asia, Middle East and Africa region, said the company is seeking to expand its reach in the UAE by offering renewable energy solutions for water desalination, battery storage, and green hydrogen projects.
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NEOM Green Hydrogen Company in Saudi Arabia seals $8.4bn plant deals

RIYADH: Saudi Arabia’s NEOM Green Hydrogen Company (NGHC) signed financial documents with 23 local, regional and international banks and investment firms on a green hydrogen production facility at a total investment value of $8.4 billion on Monday. The plant is currently being built at Oxagon, in Saudi Arabia’s region of NEOM.
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Boosting Investment Partnerships: UAE and Egypt Collaborate

CAIRO: The UAE International Investors Council has signed a memorandum of understanding with the Egyptian-Emirati Business Council to enhance existing investment partnerships, the Emirates News Agency reported on Monday.  The memorandum aims to increase investment opportunities in the new economy, green projects, recycling, clean projects, the technology sector, and new digital technologies.
Business

TASI rises 71.58 points with Food & Beverage sector leading

RIYADH: Saudi Arabia’s Tadawul All Share Index gained 71.58 points, or 0.64 percent, to close at 11,277.60 on Wednesday as 136 of the 224 stocks finished in the green, while 75 ended in the red. The top performing sector of the Saudi Stock Exchange was Food & Beverages, which soared 2.35 percent, while the Insurance and Banks sectors followed by 1.70 and 1.50 percent, respectively. While the parallel market Nomu rose 0.88 percent to close at 20,864.69, the MSCI Tadawul Index edged up 0.85 percent to close at 1,517.45.
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Saudi-Bahraini Investment Co. receives $5bn approval from Public Investment Fund: Al-Falih

RIYADH: Saudi Arabia’s Public Investment Fund has approved the establishment of the Saudi-Bahraini Investments Co. with a capital of around SR18 billion ($5 billion), according to the Saudi investment minister.  On the sidelines of the Saudi-Bahraini Coordination Committee meeting held in Manama, Khalid Al-Falih said that the location of the company’s headquarters would be announced soon.  Al-Falih also stated that the group addressed around 13 ideas, some of which have been finalized while others are still in progress. 
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Europe’s Shift to Renewable Energy: Can it Replace Russian Gas?

Leaders from northern European states pledge huge investment in green energy.
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Nicola Sturgeon’s Husband Peter Murrell Arrested in Scottish National Party Financial Investigation

Peter Murrell was taken into police custody as officers searched his home and the SNP's headquarters.
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Israel considers ending free trade deal with Turkey

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ANKARA: After Israeli Finance Minister Bezalel Smotrich announced on Thursday that Israel intends to scrap its free trade agreement with Turkiye and impose a 100 percent tariff on other imports from the country in retaliation for Ankara’s recent decision to halt exports to Israel, eyes are now turning to imminent implications for regional trade. The plan, which aims to reduce Israel’s dependence on Turkiye, has not been finalized yet and will have to be submitted to the Cabinet for approval.

23 people missing off Tunisia coast, authorities say

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Search and rescue operations under way while five suspects have been arrested, Tunisian National Guard says.

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Sudan paramilitaries to open ‘safe passages’ out of Darfur city

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PORT SUDAN: Sudan’s paramilitary Rapid Support Forces have announced their willingness to open “safe passages” out of the former haven city of El-Fasher in Darfur, which has been gripped by fighting for weeks. The RSF, battling the regular army for more than a year, affirmed in a post on X late Friday “the readiness of its forces to help citizens by opening safe passages to voluntarily leave to other areas of their choosing and to provide protection for them.”

Russia-Ukraine War: Key Events, Day 814 | TOME

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Cambodia launches $36.6bn building drive, China and Japan vie for spoils

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Cambodian Prime Minister Hun Manet has unveiled a 174-project master plan that has attracted bids by rival powers.

Olympic Athletes’ Financial Hurdles | TOME

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Full-time training, travel to compete, medical and most other costs for these athletes are out of pocket.

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