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  • Inside story: Trial of ‘senior ex-official’ points to power play in Tehran

    In Iran, reports have emerged of the “identification, arrest and sentencing” of a “former senior official.” Labeled as a “master spy” for foreign intelligence services, the suspect has been reportedly convicted of espionage. While no names have been divulged, the ex-official is described by state media as having enjoyed a high level of “influence” due to his “important positions in the [ruling] structure of the country.”

  • Saudi’s ACWA Power plans to issue up to 1.8 billion riyal sukuk – statement

    Saudi Arabia's ACWA Power plans to raise up to 1.8 billion riyals ($479.23 million) in an Islamic bond, or sukuk, issue, the company said in a statement on Tuesday. The local currency issue, under the company's 5 billion riyal programme, will have a maturity of seven years, with the final size determined by market conditions, a company statement to the Saudi bourse said. It will have a call option after five years, subject to conditions.

  • Here Are The World’s 5 Most Powerful Women

    Forbes list of the World’s 100 Most Powerful Women 2022 recognized the global game changers and power players. Here are the top five, featuring three heads of state and two CEOs.

  • UAE ranked the most powerful country in the Middle East

    The Gulf state rose one place from last year's rankings and is currently in 21st place in the Best Countries Overall ranking. Out of the attributes considered in the Power category, the UAE scored its highest rating under "Economically influential" at 90.9 while scoring 19.1 for "Strong military". The US, China and Russia were the planet's most powerful countries in 2022, while Switzerland grabbed the number one spot for Best Country Overall, followed by Germany and Canada.

  • Saudi Arabia to re-tender two 3.6GW power projects

    According to SPPC, all the previous qualified developers will automatically be included for the new projects while other interested participants can submit their bids

  • Israel’s Netanyahu must manage right-wing firebrands on return to power

    Benjamin Netanyahu will need all his experience as Israel's longest-serving prime minister as he returns at head one of the most right-wing governments in the country's history, facing division at home and unconcealed alarm abroad. Netanyahu, 73, who was sworn in as premier again on Thursday, has vowed to govern for all Israelis and build on the achievement of his previous term, the Abraham Accords with the United Arab Emirates and Bahrain that opened the way for a possible normalization of relations with other Arab countries.

  • Saudi Arabia’s ACWA Power to build 1.5 GW wind plant in Uzbekistan

    The project will be fully operational in 2027 after achieving a financial close by 2024. When finished, the project will supply energy to 1.65 million homes.

  • Netanyahu returns to power as Israel swears in most right-wing government in its history

    The new government is expected to take steps toward annexing the West Bank. Annexation is unlikely while the U.S. is led by the Biden administration, but Netanyahu's coalition has signaled it will implement it if a Republican wins the presidential election in 2024.

  • Empowering Saudi Women for Success in the Job Market

    Saudi Women’s Stories is a new startup that calls itself the “1st storytelling & women’s empowerment platform in Saudi Arabia.” As such, it was uniquely positioned to field Saudi women instructors who are experts in writing and communication, human resources, entrepreneurship, leadership, women empowerment, and customer service, and able to draw on their own experience to provide insights into women’s potential in business and the private sector, Vision 2030, and Saudization of the labor force.

  • Nuclear fusion: How long until this breakthrough discovery can power your house

    For the first time in history, US scientists at the National Ignition Facility at the Lawrence Livermore National Laboratory in California successfully produced a nuclear fusion reaction resulting in a net energy gain, a source familiar with the project confirmed to CNN. The US Department of Energy is expected to officially announce the breakthrough Tuesday. The result of the experiment would be a massive step in a decadeslong quest to unleash an infinite source of clean energy that could help end dependence on fossil fuels. Researchers for decades have attempted to recreate nuclear fusion – replicating the energy that powers the sun.