Friday , December 8 2023

Warface Hileleri

CBUAE and Bank Indonesia ink deal to expand joint cooperation News

Global central banks maintain gold buying momentum in October: World Gold Council RIYADH: Central banks worldwide amassed 42 tons of gold into their official reserves in October, continuing their acquisition of the precious metal, the latest data showed.  According to the World Gold Council, central banks witnessed a 41 percent slowdown in gold buying in October compared to September. However, …

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ACWA Power launches largest green hydrogen project in Indonesia, worth over $1bn News

DUBAI: The International Atomic Energy Agency, the global overseer of the nuclear industry, says it is collaborating with Saudi Arabia to assist the Kingdom in developing its nuclear power production sector. Given its key role in the regional energy landscape, there is a pressing need for production to transition from fossil fuels to low-carbon or zero-carbon emitting sources. “We have …

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UAE’s Masdar to develop 1GW wind project in Jordan  News

RIYADH: Jordan’s clean energy mix is set to grow after Abu Dhabi Future Energy Co., also known as Masdar, signed an agreement with the country’s Ministry of Energy to develop a 1 gigawatt wind project.  The agreement will also see the development of a battery energy storage system and a memorandum to explore the feasibility of establishing a green hydrogen plant, …

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Global energy crisis sparked significant tax reductions in OECD countries: report  News

DUBAI: The International Atomic Energy Agency, the global overseer of the nuclear industry, says it is collaborating with Saudi Arabia to assist the Kingdom in developing its nuclear power production sector. Given its key role in the regional energy landscape, there is a pressing need for production to transition from fossil fuels to low-carbon or zero-carbon emitting sources. “We have …

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Closing Bell: Saudi main index rose to close at 11,174 News

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Wednesday, gaining 30.19 points, or 0.27 percent, to close at 11,174.02. The total trading turnover of the benchmark index was SR5.78 billion ($1.54 billion) as 118 of the listed stocks advanced, while 95 retreated.  Similarly, the MSCI Tadawul Index rose 1.15 points, or 0.08 percent, to close at 1,435. The Kingdom’s …

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