Energy Update
Saudi Arabia is poised to launch its National Renewable Energy Program’s first round of tendering. According to Khalid Al-Falih, the kingdom’s energy minister and also chairman of Saudi Aramco, it is “incredibly close” to the launch.
Four renewable energy projects in developing countries in the Pacific and Africa are to receive $44.5 million of funding. The money will come from a project facility set up by the Abu Dhabi Fund for Development (ADFD) and the International Renewable Energy Agency (IRENA).
The Carbon Trust’s Offshore Wind Accelerator (OWA) last week launched a global innovation competition to fund the development of offshore wind cable condition monitoring systems.
LONDON, Jan 16 (Reuters) - Britain's top share index ended
its record 14-day winning streak on Monday, finishing down for
the first day since Dec. 21, as banking stocks slumped on 'hard
Brexit' worries ahead of Theresa May's speech on Tuesday.
MOSCOW, Jan 16 (Reuters) - Russian gas producer Gazprom
said on Monday its gas exports to Germany hit a record
high last year and have surged since the start of this year.
MOSCOW, Jan 16 (Reuters) - An ally of Russian President
Vladimir Putin has been asked to step in to build a railway link
between Russia and annexed Crimea after low margins and the risk
of Western sanctions put off other builders, industry sources
told Reuters on Monday.
ABU DHABI, Jan 16 (Reuters) - Saudi Arabia will launch a
renewable energy programme in coming weeks that is expected to
involve investment of between $30 billion and $50 billion by
2023, Energy Minister Khalid al-Falih said on Monday.
DUBAI, Jan 16 (Reuters) - A slide in banking shares after
earnings at a major bank missed analysts' estimates dragged down
Saudi Arabia's stock market on Monday, while markets in the rest
of the region were mixed.
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