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  • 100 Most Powerful Businesswomen 2023 – Forbes Lists

    This year’s list of the region’s most powerful businesswomen features 100 entries, with 104 women from 27 different sectors and 27 nationalities. The banking and financial services sector dominates the list with 23 entries, followed by 11 who are leading diversified businesses, eight from the investments sector, six from the retail sector, and five from healthcare. The U.A.E. and Egypt scored the most entries at 15 and 12, respectively, followed by 11 from Saudi Arabia, eight from Kuwait, and six each from Lebanon, Qatar and Oman.

  • After unrest, Iran’s leader signals flexibility ‘from position of power’

    Iran's supreme leader has called for "unity" in the face of alleged attempts by "enemies" to sow discord. Ayatollah Ali Khamenei’s remarks, which come only days after his issuing of a pardon for "thousands" of prisoners detained during the recent unrest, signal a desire to rally popular support for the ruling establishment. It could also indicate that the Islamic Republic seeks to reduce pressure over the worsening human rights situation in past months.

  • Hydrogen: Powering the Future of Mobility in The Middle East

    Total GHG emissions in the Middle East have almost doubled in the last 20 years and continue to rise steadily. Around 16% of these emissions can be attributed to the mobility sector, including road, domestic aviation, and pipeline transportation. In addition to this domestic burden, the Middle East accounts for a significant portion of the emissions from international shipping and air travel.

  • Is China poised to help other unaligned powers usurp the dollar?

    China has the most to gain from dethroning the dollar. So long as the dollar reigns supreme, unilateral U.S. sanctions on Chinese companies and banks will inhibit Beijing’s rise. China has been at work for years trying to develop its own version of SWIFT, the Belgian based messaging service that lets banks around the world talk to each other and confirm cross-border transactions. SWIFT has long deferred to the United States and generally complies with secondary U.S. sanctions against foreign commercial entities and countries. China calls its new system CIPS, which stands for Cross-Border Interbank Payment System.

  • World Cup ambassador says Saudi sponsorship would be ‘disempowering’ for women

    Former New Zealand international Maia Jackman said Saudi sponsorship of the Women's World Cup would be in "complete opposition" to female empowerment and set back her work as an ambassador for the tournament. Australia and New Zealand, co-hosts of this year's World Cup, wrote to global soccer governing body FIFA on Wednesday seeking urgent clarification after the Guardian reported Visit Saudi will be named as a major sponsor of the tournament.

  • South Korea and the United Arab Emirates Promote Nuclear Power

    The visit indicates that Yoon envisions broadening ties with the UAE, and furthers the UAE President Mohammad bin Zayid Al Nahyan’s (MbZ) efforts to portray his country as a leader in the transition to a clean energy future, despite its status as a major oil exporter. Yoon said he hoped both countries could expand this “new model of cooperation” to include nuclear fuel, small reactors, and other joint advances to third countries.

  • ACWA Power Says JV Acquires Second Group Of Assets For IGCC Project.

    The project involves the acquisition of the $12 billion IGCC plant from Aramco, the filing showed. The move follows the successful asset acquisition and project financing transactions for the first group of assets completed in late October 2021. Some minor final commissioning items are set to be completed later this calendar year. JIGPC is a joint venture (JV) between Aramco, ACWA Power, US-based Air Products, and Air Products Qudra, with ACWA owning a 25% equity stake. This follows the financial close of October 18, 2021.

  • Saudi Arabia Announced to launch Four New Combined Cycle Power Generation Projects

    The statement mentioned that the project are In alignment with Kingdom’s Saudi Green Initiative, and its stated greenhouse gases (GHGs) net-zero ambition by 2060, in addition to the energy sector’s objectives to ensuring security of supply, diversity of market participation, fair competition, and transparency, Contributing to raising the local content percentage and industry localization.

  • Saudi Arabia issues RFPs for 7,200MW power projects

    Saudi Power Purchasing Company (SPPC) has issued requests for proposals (RFPs) for four combined-cycle electrical power generation projects with provision for Carbon Capture and Sequestration (CCS) readiness. Of these Independent Power Plant (IPP) projects with a total capacity 7,200 MW, two of them will come up in the kingdom's Taiba city, while the other two will be in Qassim city. Each of the projects - The Taiba IPP 1; Taiba IPP 2; Qassim IPP 1 and Qassim IPP 2 - will boast a capacity of 1,800 MW.

  • Pakistan suffers big power outage after second grid failure in three months

    Pakistan's national grid suffered a major breakdown on Monday, the power ministry said, leaving millions of people without electricity for the second time in three months and highlighting the infrastructural weakness of this heavily indebted nation. Energy Minister Khurrum Dastagir told Reuters the outage was caused by a large voltage surge in the south of the grid, which affected the entire network.