Economy

Energy Transition
Japan Pledges $10 billion Financial Support for Asia’s Energy Transition
Japan on Monday pledged to offer $10 billion financial aid for decarbonisation projects in Asia, such as renewable energy, energy-saving and conversion to gas-f…
Energy Investment
Aramco Closes $12.4bn Pipelines Deal with EIG-led Consortium
Sale of a 49% stake in Aramco Oil Pipelines attracted investors from North America, Asia and the Middle East
Energy Investment
UAE was the World's 15th-Biggest Recipient of Foreign Investment Last Year
The Emirates secured more capital from global investors than the UK in 2020
Thermal Plant
Adani Power to Acquire 1,200 MW Essar Power's Mahan Project
The country's largest power producer in the private sector, Adani Power Limited, will acquire the 1,200 megawatt Essar Power's Mahan Project
Energy Transition
Amara Raja Plugs into New Energy
The auto battery major gears up for electric mobility with new leadership
China Belt and Road
China's Investment into BRI Countries Expands in Jan.-May
China's outbound direct investment into countries involved in the Belt and Road Initiative increased in the first five months, official data showed.
Crude Oil
Shell Considering Sale of Holdings in Largest U.S. Oil Field, Worth up to $10 billion
Oil giant Royal Dutch Shell is reviewing its holdings in the largest oil field in the United States for a possible sale as the company looks to focus on its mos…
Electric Car
GM To Boost EV Investments By 35% By 2025
GM plans to increase investments in electric vehicles by 35 percent from earlier plans over the next five years to $35 billion as the company eyes one of the to…
Energy Investment
Thailand Coal Power Company Acquires Solar Farms in Australia
The acquisition is part of the company’s commitment to greener energy.
Hydrogen Project
IRENA and Morocco Collaborating to Explore Hydrogen Economy
Morocco is increasingly being recognised as a regional energy transition pioneer.
Hydrogen Project
Report: Egypt to Invest up to $4B in Green Hydrogen Project
Egypt is planning to invest up to $4 billion in a project to generate green hydrogen via electrolysis
Coal Mine
Vale to Pay US$2.5 billion to Acquire Coal Assets
With the settlement of the project finance, all conditions precedent for the completion of the transaction for the acquisition of Mitsui's stakes in the Moatize…
Substation
SPX to Sell Transformer Solutions Business to GE-Prolec
US-based infrastructure company SPX has signed an agreement to sell its Transformer Solutions business to GE-Prolec Transformers, together with its affiliates P…
China
Shares in Group Linked to China’s Three Gorges Dam Surge on Debut
China Three Gorges Renewables Group’s stock surged by 44 per cent on its debut after the company raised $3.6bn in China’s largest initial public offering of 2…
Energy Investment
Singapore Places $1.8 billion for Green Investments
At a news conference on Wednesday, Ravi Menon, managing director of Monetary Authority of Singapore said the funds were placed from Singapore's official foreign…

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Economy

Japan Pledges $10 billion Financial Support for Asia’s Energy Transition

Aramco Closes $12.4bn Pipelines Deal with EIG-led Consortium

UAE was the World's 15th-Biggest Recipient of Foreign Investment Last Year

Adani Power to Acquire 1,200 MW Essar Power's Mahan Project

Amara Raja Plugs into New Energy

China's Investment into BRI Countries Expands in Jan.-May

Shell Considering Sale of Holdings in Largest U.S. Oil Field, Worth up to $10 billion

GM To Boost EV Investments By 35% By 2025

Thailand Coal Power Company Acquires Solar Farms in Australia

IRENA and Morocco Collaborating to Explore Hydrogen Economy

Report: Egypt to Invest up to $4B in Green Hydrogen Project

Vale to Pay US$2.5 billion to Acquire Coal Assets

SPX to Sell Transformer Solutions Business to GE-Prolec

Shares in Group Linked to China’s Three Gorges Dam Surge on Debut

Singapore Places $1.8 billion for Green Investments