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  • Fusion energy, the ‘holy grail’ of clean power, a step closer to reality

    The Department of Energy plans to announce Tuesday that scientists have been able for the first time to produce a fusion reaction that creates a net energy gain — a major milestone in the decades-long, multibillion-dollar quest to develop a technology that provides unlimited, cheap, clean power.

  • Fusion energy, the ‘holy grail’ of clean power, a step closer to reality

    The Department of Energy plans to announce Tuesday that scientists have been able for the first time to produce a fusion reaction that creates a net energy gain — a major milestone in the decades-long, multibillion-dollar quest to develop a technology that provides unlimited, cheap, clean power. The aim of fusion research is to replicate the nuclear reaction through which energy is created on the sun. It is a “holy grail” of carbon-free power that scientists have been chasing since the 1950s. It is still at least a decade — maybe decades — away from commercial use, but the latest development is likely to be touted by the Biden administration as an affirmation of a massive investment by the government over the years.

  • Saudi’s ACWA Power signs $1.5 bln agreement with Power China

    Saudi Arabian private utility ACWA Power (2082.SE) said it has signed a $1.5 billion agreement with Power China, Al-Arabiya television station reported on Friday.

  • Saudi Arabia bets big on local filmmakers in bid to become Middle East production powerhouse

    Red Sea has emerged as a showcase for Saudi filmmakers, and has seven local features and 18 shorts world premiering at the festival. They include closing film Hamad Farhan’s Valley Road and Fahad Alammari’s Alkhallat+, an anthology from the creators of hit digital series Alkhallat. Other world premieres include Mohammed Alatawi’s desert-set historical drama Within Sand, and Mohamed Al Salman’s Raven Song, Saudi Arabia’s official submission to the Oscars.

  • Saudi Arabia bets big on local filmmakers in bid to become Middle East production powerhouse

    Red Sea has emerged as a showcase for Saudi filmmakers, and has seven local features and 18 shorts world premiering at the festival. They include closing film Hamad Farhan’s Valley Road and Fahad Alammari’s Alkhallat+, an anthology from the creators of hit digital series Alkhallat. Other world premieres include Mohammed Alatawi’s desert-set historical drama Within Sand, and Mohamed Al Salman’s Raven Song, Saudi Arabia’s official submission to the Oscars.

  • The Middle East’s relationship with football and using the sport as a soft power: Video

    Abdullah Al-Arian, associate professor at Georgetown University in Qatar, speaks on Middle Eastern identity and its relationship with football, and the use of the sport as a soft power. Al-Arian is the editor of the recently published book ‘Football in the Middle East: State, Society and the Beautiful Game.’

  • Saudi Arabia to build giant solar power plant

    The Saudi energy company ACWA Power and the kingdom’s Public Investment Fund will develop and build a 2,060 megawatt solar photovoltaic plant in western Saudi Arabia. ACWA Power and the sovereign wealth fund each own a 50% stake in the project. The plant is expected to be operational by the fourth quarter of 2025, ACWA Power said in a press release.

  • Saudi Arabia has plans to overtake UAE as regional finance powerhouse: Expert

    Saudi Arabia could soon transition from oil major to a global financial sector hub, even outpacing the UAE, with its newly announced open banking framework acting as a bulwark to attract global fintech companies in large numbers to set up shops in the country, the expert working on the framework said. The rising oil prices backed sound domestic economy will be another major factor aiding hastening the country’s transition to a financial powerhouse.

  • Saudi Power Firm Inks $7B Green Hydrogen Thailand Deal

    Saudi Arabian renewables developer ACWA Power signed a $7 billion agreement with two Thai state-owned companies to develop green hydrogen in Thailand. ACWA Power is a leading Saudi developer, operator, and investor of power generation worldwide. It signed a Memorandum of Understanding (MoU) with these state-owned firms in Thailand:

  • It is not all sunshine: Middle East invests big in wind power

    While not as consistent as north-west Europe, there are excellent wind resources in the MENA region. Southern Morocco, the areas around the Gulfs of Suez and Aqaba in Egypt, Jordan and north-west Saudi Arabia, southern Egypt, and the south-east coast of Oman are all very windy. Parts of Libya, southern Tunisia, the Algerian Sahara, inland Iran and Kuwait also have strong winds. In contrast to much of Europe, the region has wide-open spaces where wind farms are not blocked by community opposition.