Author: Arabian Media staff

Image credit: Getty Images Abu Dhabi’s renewable energy giant Masdar has taken a major step in its European expansion, closing a €368m transaction with Spanish utility Endesa that secures 446 megawatts (MW) of operational solar power across the Iberian Peninsula. The deal, announced Thursday, sees the UAE energy company acquire a 49.99 per cent stake in four solar photovoltaic (PV) plants from Enel Green Power España, a subsidiary of Endesa. Masdar’s commitment includes €69m in equity investment, supported by €115m in acquisition financing. With this transaction, the company lifts its gross operational capacity in the Iberian Peninsula to 3.2 gigawatts…

Image: Supplied Space42, the UAE-based AI-driven SpaceTech company, has released its Foresight Constellation Viewpoint, a comprehensive analysis of the strategic value of Synthetic Aperture Radar (SAR) satellite ecosystems. Against a backdrop of record infrastructure and defense spending, combined with mounting environmental and security challenges, the report highlights why traditional Earth observation systems are no longer enough. It shows how SAR advancements enhance government decision-making and risk management when it matters most. From visibility to value SAR’s strength is most evident in crisis situations. On February 6, 2023, a 7.8-magnitude earthquake struck southeastern Turkey. Tremors reached the Atatürk Dam, one of…

Image: Supplied IBM, a global leader in hybrid cloud, AI, and consulting, and nybl, a science-based AI company and IBM Business Partner, have announced a new collaboration to drive AI adoption across critical infrastructure sectors such as energy, utilities, and industrial operations. The partnership combines IBM’s watsonx portfolio of AI products, particularly watsonx.governance, with nybl’s domain-specific expertise to enhance operational resilience, improve efficiency, and deliver stronger business value. AI-powered asset and operations management At the core of the collaboration is nybl’s n.vision platform, now integrated with IBM’s watsonx AI and data platform, its AI governance capabilities, and the IBM Maximo…

Image: Supplied Saudi National Shipping Company (Bahri) has placed an order for six dry bulk carriers from International Maritime Industries (IMI), marking the launch of the kingdom’s first large-scale shipbuilding project. The vessels will be built at IMI’s shipyard in Ras Al-Khair, described as the most advanced full-service maritime facility in the Middle East and North Africa. The deal underlines Saudi Arabia’s ambition to establish a globally competitive maritime ecosystem under its Vision 2030 economic diversification plan and the Saudi Inc  initiative, aimed at boosting supply chain localisation. Defining moment for Saudi’s maritime industry: Bahri CEO “This agreement marks a…

Image: Supplied Saudi Aramco has signed a joint development agreement with US industrial group Honeywell (HON.O) and King Abdullah University of Science and Technology (KAUST) to advance a new technology for converting crude oil directly into chemicals. The deal aims to cut the cost of crude-to-chemicals (CTC) processes and increase the value extracted from each barrel of oil by producing light olefins and other high-demand products. The companies said the approach could improve fuel efficiency, carbon utilisation and overall process economics. “This collaboration with Honeywell UOP and KAUST furthers Aramco’s efforts to drive innovation and shape the future of petrochemicals,”…

Image: Dubai Media Office Dubai Electricity and Water Authority (DEWA) has signed a long-term partnership with Fortinet, a global leader in cybersecurity, network solutions, and firewalls, as part of its ongoing efforts to safeguard digital assets and enhance smart infrastructure. The agreement was signed during the 27th Water, Energy, Technology and Environment Exhibition (WETEX), hosted by DEWA at the Dubai World Trade Centre from 30 September to 2 October 2025. The signing took place in the presence of HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, alongside senior officials. Representing both sides, Hussain Lootah, executive vice president of…

Saudi Arabia’s Capital Market Authority called for public consultation on opening its main stock market to all categories of non-resident foreign investors and enabling them to directly invest in it, the regulator said on Wednesday. If approved, the draft would scrap the Qualified Foreign Investor system in the main stock market, enabling all foreign investors to participate without meeting eligibility rules, and would also end swap agreements, allowing non-resident foreigners to directly invest in listed shares, it added. Source link

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