August
Borouge to distribute interim dividend of $650 million
The shareholders of Borouge Plc, a leading petrochemical company that provides innovative and differentiated polyolefin solutions, have voted to approve an interim dividend of US $650 million (AED2.38 billion) for the first half of 2023, equivalent to 7.9 fils per share.
ACWA Power achieves financial close for 200MW Kom Ombo solar project in Egypt
ACWA Power, a Saudi-listed company and the world’s largest private water desalination company, the first mover into green hydrogen, and a leader in energy transition, has announced the financial close for the 200MW Kom Ombo project, a utility-scale solar power plant in Egypt.
Australia Sees Power Gaps Over Next Decade as 62% of Coal Operations Shut Down
Australia’s grid operator sees risks of energy shortfalls over the next 10 years as the nation retires 62% of the coal power fleet that still provides most of its electricity.
