Keywords: Energy
European leaders convened this week to strategize a path forward on the continent’s escalating energy crisis, as soaring prices and dwindling supplies continue to pressure both households and industries. The summit, held in Brussels, brought together heads of state from across the European Union......
The World Bank has approved a $400 million financing package to support Ethiopia’s efforts to provide clean and reliable electricity to nearly six million people. The funding is part of the Accelerating Sustainable and Clean Energy Access Transformation (ASCENT) Program for Results (PforR), an......
The World Bank’s Board of Executive Directors has approved a second Development Policy Financing (DPF) operation for the Federal Republic of Somalia, amounting to $125 million. The grant will be provided by the International Development Association (IDA), the Bank’s fund for the world’s......
During trade negotiations in Stockholm, the Chinese Foreign Ministry sharply rejected U.S. demands to halt purchases of Russian and Iranian oil, despite threats of imposing tariffs as high as 100%. Beijing emphasized that safeguarding its energy supply remains a matter of national sovereignty. China......
Kazakhstan has officially launched preparatory work for its first nuclear power plant, with Russian state nuclear corporation Rosatom overseeing the initial phase. The Central Asian nation, the world's leading uranium producer, aims to tackle chronic power shortages despite its energy-rich status. According......
Kuwait is accelerating its environmental transformation through strategic international partnerships and sustainable policies. Guided by Vision 2035 and the leadership of Emir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, the country has launched key initiatives to support its goal of achieving carbon neutrality......
Dubai-based energy firm AMEA Power has announced its involvement in the second phase of Morocco’s Agadir seawater desalination project, a transformative effort set to make the facility one of Africa’s largest water treatment plants. This expansion will boost the plant’s capacity to......
ACWA Power, a Saudi-based leader in renewable energy, has been awarded the NOOR Midelt 2 and NOOR Midelt 3 solar projects following an international tender organized by the Moroccan Agency for Sustainable Energy (MASEN). These large-scale photovoltaic power plants are poised to bolster Morocco’s......
Aramco, the world's largest oil exporter and cornerstone of the Saudi economy, continues to see declining profits for the tenth consecutive quarter since its record highs in late 2022. The company's net income fell from $29.07 billion to $22.67 billion, largely due to “lower crude oil,......
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