Alberto Jordán Reig, Ph.D.

In this interview with Qatar Tribune Newspaper I had the opportunity to reflect on the discussions held during the Qatar Economic Forum last week and also highlight the role of #innovation and #digitalization in the current transformation of the global #energy system and in building a #knowledge-based, diversified economy … here you have the article ! https://lnkd.in/dXvuiXT7

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"Oman is anticipated to witness a dramatic increase in its renewables capacity to reach 3 GW in 2025, and rising to 4.5 GW by 2030." At Beirut Energy Week 2024, a dedicated session on Oman will take place on Thursday, 19 September 2024 at 3.00 p.m., with focus on the potential for #Lebanese #businesses and #engineers to benefit from "energy highways: expediting regional cooperation". #BEW2024

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The commencement of groundbreaking projects in the Jarjoub regions of the North Coast and Ras Shqair in the Red Sea has attracted foreign direct investments exceeding 31 billion euros! A monumental contract has been signed with a consortium comprising the French company EDF Renewable and the Egyptian-Emirati company Zero Waste. This consortium will invest 2 billion euros in the first phase to produce green hydrogen and green ammonia. The entire project will see a minimum total investment of 7 billion euros across three phases. Remarkably, there is no obligation on the Egyptian state to provide infrastructure or bear any financial burden for this project. In addition, a partnership with the Belgian company "Demi Hyperport Energy NV" has been established for a project in the Jarjoub area. Spanning 6 square kilometers, this factory land will produce green hydrogen and its derivatives and green ammonia. The first phase alone sees an investment of 3 billion euros, with the entire project totaling 24 billion euros for all three phases, fully funded by the company. These collaborations underscore a commitment to sustainable energy and innovation, marking a significant milestone. Congratulations to everyone involved! Source: 🌐 #ThePortBusiness #GreenEnergy #SustainableFuture #ForeignInvestment #RenewableEnergy #GreenHydrogen #GreenAmmonia #Innovation #EconomicGrowth

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#Oman picks two large-scale #greenhydrogen projects worth USD 11 billion in investments in the second round of the Sultanate's tender. The winners in the competition for sites in the southern region of Dhofar are: 🔹 a consortium of EDF Renewables Middle East, J-POWER and Yamna which aims to build a 2.5-GW electrolyser and produce up to 178,000 tonnes of green hydrogen per year. 🔹 a project by Actis and Fortescue targeting the production of up to 200,000 tonnes of green hydrogen per year. The output of the plant will be sold to local industrial offtakers as well as processed into derivatives such as green ammonia for export via the Port of Salalah. 🔹 The two projects, together with the winners in the first round of the tender, should enable Oman to produce about 1.38 million tonnes of green hydrogen by 2030. More about the projects and Oman's green hydrogen tender: https://lnkd.in/gwj8sHiB

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Ending the wars in #Palestine and #Ukraine can indirectly help with a quicker energy transition and a healthier planet. This wild assumption factors into the desperate prayer that no more people should die before asking for better energy investments. The conflict in the Middle East, including the Palestinian situation, does have an impact on global energy investments. If the conflict were to end, it could potentially lead to a more stable geopolitical environment, which might encourage investment in renewable energy. Stability can reduce the risks associated with investing in the region, making it more attractive for investors. The conflict has affected the renewable energy sector in Palestine, making it insecure and challenging for investment. The construction of the segregation wall, for example, has had direct and indirect effects on investment in renewable energy in Palestine, as it has led to the abandonment of lands that could be used for renewable energy projects like wind turbines. Moreover, the war in Gaza has influenced gas prices, which can indirectly affect the financial calculations for renewable energy projects. If the conflict ends, it could lead to a decrease in gas price volatility, making renewable energy projects more competitive.   If the wars continue to escalate, this grim prediction by JP Morgan might become true. JP Morgan suggests that the shift to cleaner energy might hit more delays. Rising costs, higher interest rates, and conflicts in the Middle East are shaking things up. Here’s the deal: Renewable Energy Projects: They need a lot of money upfront (that’s what we call high CAPEX). When interest rates go up, borrowing that money gets more expensive, making these projects tougher to start. Government Debt & Geopolitical Changes: Government debt is significantly greater and the geopolitical landscape is structurally different. The $3tn and $4tn it will cost each year come in a different macro environment. This means that governments around the world are already dealing with a lot of debt. When they owe a lot of money, they might be hesitant to borrow more, especially for big projects like those needed for the energy transition, which require trillions of dollars. So, less war, more humanity, and its direct relation to better energy policies must be a point of discussion in every corridor of power. #war #energy #climate #energytransition #palestine #ukraine #renewable #oil #jpmorgan #middleeast https://lnkd.in/gh8YFSJF https://lnkd.in/gGsvjVYY https://lnkd.in/gjJG2gcV

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Last Saturday in Nouakchott, Mauritania, Mr. Zubair Mughal, CEO - AlHuda CIBE had privilege of a detailed meeting with H.E Mohamed Lemine Dhehby, Governor of the Central Bank of Mauritania, and his top executives: Mr. Mohamed Diawara, Director General of Banking Supervision, and Mr. Mohamed Ahmed Memoun, Director General of Capital Market. We discussed various regulatory aspects of Islamic banking and the crucial role of central banks in regulating them effectively. he admired their professional management of the country's banking and financial affairs. Central banks are critical to a nation's economy, managing monetary policy, overseeing financial stability, and providing financial services. Key functions of central banks include managing monetary policy, ensuring financial stability, issuing currency, providing government banking services, managing foreign exchange and gold reserves, overseeing payment systems, and sometimes managing insurance and capital markets. The regulatory framework for Islamic banking involves various components and institutions that ensure compliance with Sharia principles while maintaining financial stability and integrity. Countries with significant Islamic banking sectors often have dedicated laws and regulations addressing the unique aspects of Islamic finance, including licensing, corporate governance, risk management, and dispute resolution. Islamic banks must also comply with international banking standards like Basel III, which deals with capital adequacy, stress testing, and market liquidity risk. This framework ensures that Islamic banks operate consistently with Sharia principles and sound financial practices, promoting stability, transparency, and ethical conduct in the financial system. #alhudacibe #Islamicbanking

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Lebanon’s Minister Walid Fayad Advocates Renewable Energy At World Energy Forum Caretaker Minister of Energy and Water, Walid Fayad, participated in the 26th World Energy Forum held in Rotterdam, organized by the World Energy Council. The event attracted over 3,500 attendees, comprising government officials and industry figures. Minister Fayad delivered a keynote address focusing on renewable energy in the Middle East and the Gulf region. He emphasized Lebanon’s dedication to renewable energy, noting that it contributes approximately a quarter of the nation’s total energy consumption. Additionally, he highlighted the positive outcomes of Lebanon’s decision to remove subsidies on fuel and electricity tariffs, resulting in a 35% reduction in energy consumption and […] Read the full story here: https://lnkd.in/dbBXYrRj #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #lebanon #middleeast #renewableenergy #solarenergy

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UN GA: “Zionism is a form of racism and social discrimination.” It was recognized as such by the majority of the world 50 years ago. United Nations General Assembly Resolution 3379, adopted on November 10 1975, "Determines that Zionism is a form of racism and racial discrimination" with 72 votes in favour, 35 votes against, and 32 abstentions. It was revoked by Resolution 46/86, adopted in 1991. The vote for Resolution 3379 was held nearly one year after the adoption of Resolution 3236 and Resolution 3237: the former recognized the "Question of Palestine" and invited the Palestine Liberation Organization (PLO) to participate in international diplomacy; and the latter designated the PLO as a non-member observer. In the context of the Declaration on the Elimination of All Forms of Racial Discrimination, adopted on 10 November 1963, “Resolution 3379 officially condemned the national ideology of the State of Israel.” It was sponsored by the Arab League and a number of Muslim countries, and was supported by in-favour votes from the Second World and many African countries. Israel, which had been granted United Nations membership in 1949. United Nations General Assembly Resolution 46/86, adopted in 1991, revoked Resolution 3379's designation of Zionism as a form of racism and racial discrimination. “Israel had made the revocation a condition for its participation in the Madrid Conference of 1991.” The vote on Resolution 46/86 was held shortly after the Gulf War with sponsorship by several countries. The Arab League, most Muslim countries, and four other countries (Cuba, North Korea, Sri Lanka, and Vietnam) voted against it. Motion by the United States Resolution 46/86 was raised under pressure from the United States, and American president George H. W. Bush personally introduced the motion to revoke Resolution 3379 with the following statement: UNGA Resolution 3379, the so-called "Zionism is racism" resolution, mocks this pledge and the principles upon which the United Nations was founded. And I call now for its repeal. Zionism is not a policy; it is the idea that led to the creation of a home for the Jewish people, to the State of Israel. And to equate Zionism with the intolerable sin of racism is to twist history and forget the terrible plight of Jews in World War II and, indeed, throughout history. To equate Zionism with racism is to reject Israel itself, a member of good standing of the United Nations. This body cannot claim to seek peace and at the same time challenge Israel's right to exist. By repealing this resolution unconditionally, the United Nations will enhance its credibility and serve the cause of peace. Text of Resolution 46/86 The full text of the revocation was simply: "The General Assembly decides to revoke the determination contained in its resolution 3379 of 10 November 1975." It’s worth noting that nothing was included in resolution 46/86 that contradicts the fact that “Zionism is racism and social discrimination.”

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Robust grid infrastructure plays a critical role in the energy sector, especially during unexpected events and natural disasters. It significantly minimizes the impact of such disruptions. The UAE is a global leader in this regard, boasting a flexible and advanced infrastructure. However, as the demand for renewable energy rises, we must also consider the infrastructure requirements needed to integrate these sources effectively. This is crucial for decarbonization efforts across various sectors. It was my pleasure to join an interview with Al Bayan. #energytransition

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Fed will keep current rates: US economy is in soft-landing, unemployment steady, inflation declining, but Fed facing unsustainable fiscal outcomes & paths (high deficits and Federal debt): will wait till Sep and beyond for confirmation. I don't expect a rate cut till after elections to avoid accusation of interfering and favoring Harris. Fed Econ Projections must account for the "Trump factor policies" which will be reflationary. https://lnkd.in/dvpG-JRN

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KSA Giga Projects:A Deep Dive 🌍 #KSAGigaProjects2024 #Vision2030 Saudi Arabia is making remarkable progress with its ambitious "giga projects" as part of Vision 2030. Let's take a deep dive into the most prominent projects and the key players involved. 🏙️ NEOM: The futuristic city along the Red Sea, NEOM, is revolutionizing urban living with cutting-edge technology and sustainability. NEOM is a game-changer. NEOM Main Contractors: - AECOM: Leading the design and project management. AECOM - Bechtel: Ensuring highest construction standards.Bechtel Corporation Subcontractors: - Saudi Binladin Group: Handling critical construction segments. Saudi Binladin Group (SBG) - Al-Toukhi Company: Focused on electrical and mechanical installations. AlToukhi Company 🌴 The Red Sea Project: This luxury tourism destination across 90+ islands prioritizes sustainability and ecological balance. It's set to attract high-end tourists from around the world. Red Sea Global Main Contractors: - Archirodon: Leading marine infrastructure development. Archirodon Group N.V. Subcontractors: - Almabani General Contractors: Contributing to infrastructure and utilities. Almabani General Contractors - Shapoorji Pallonji: Building premium residential units and public spaces. SHAPOORJIPALLONJI 🎡 Qiddiya: Positioned as the Kingdom's entertainment, sports, and arts capital, Qiddiya will feature theme parks, sports arenas, and cultural venues, making Saudi Arabia a global entertainment hub. Qiddiya | القدية Main Contractors: - Jacobs Engineering: Overseeing project management and engineering. Jacobs - Parsons Corporation: Engaged in infrastructure development and design. @Parson Subcontractors: - Al Saad General Contracting: Handling diverse construction tasks. Alsaad General Contracting LTD. - El Seif Engineering Contracting: Focused on large-scale building projeiects.ElSeif Development Company Limited 🌴 Amaala: This luxury wellness destination along the Red Sea coast will offer high-end hotels, villas, and wellness centers, catering to discerning travelers seeking exclusive experiences. @Amaala Main Contractors: - Foster + Partners - Mace -alfanar Kortech Elegancia Arabia Arabia Subcontractors: - Saudi Constructioneers: Engaged in infrastructure and facilities development. Saudi Constructioneers Ltd. (SAUDICO) - Kabbani Construction Group: Specializing in interior works and fit-out IKK Group – Isam Khairi Kabbani Group 🏰 Diriyah Gate: Celebrating Saudi Arabia's rich history, Diriyah Gate focuses on transforming the UNESCO World Heritage site into a cultural and lifestyle destination, with museums,and heritage sites. Diriyah Company l شركة الدرعية [UNEC] United Engineering Construction Salini Impregilo S.P.A Saudi Branch Saudi Real Estate Infrastructure Company (BINYAH) RTCC-Al Rashid Trading & Contracting Company (Closed Joint Stock Company) Nesma & Partners Al Latifia Trading & Contracting Co. 🇸🇦 #SaudiArabia

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**The Head of "Astana Platform" Calls on Syrian Opposition to Find a Unified Strategy to Exit the Crisis** Moscow, June 11 – Sputnik. Kamel Tangi. Randa Kassis, the head of the Movement of the Pluralistic Society and head of the "Astana Platform" for the Syrian opposition, called on the Syrian political opposition to meet and find a unified strategy to exit the Syrian crisis and work jointly to find a political solution in Syria, "after the United Nations failed to achieve this goal." Kassis said in an interview with Sputnik about her initiative: "After my positive meeting with the Russian Foreign Ministry and my communication with several influential countries in the Syrian issue, and presenting an initiative aimed at creating a new strategy for a solution in Syria, I call on all my fellow political opponents, wherever they may be, to take control of the situation and work together to find a political solution in Syria, after the United Nations failed to achieve this goal." She added: "It is time for all political opponents with different orientations to meet and consider a new strategy for Syria. Many years have passed since our uprising began with hope, only to now be marked by frustration and even acceptance of the worst. We must all confront this challenge. Therefore, I call on all my politically opposing compatriots, wherever they may be, to take control of the situation and collaborate on finding a new strategy. Regarding the recent Syrian government decision No. 786 to form a dialogue committee, Kassis said: "This decision is a farce. The Syrian regime is politically and economically responsible for what is happening in Syria and the suffering of the Syrian people, as it is the ruler. Its recent decision No. 786 to form a dialogue committee with the components of the central state is laughable." Kassis called on the Syrian government to consider Turkish demands to resolve the conflict in Syria. She continued: "Turkey plays a pivotal role in resolving the conflict in Syria. If the regime has a genuine intention to find a way out of the current situation in our country, it must consider Turkish demands and start real negotiations with the Syrian opposition." It is noteworthy that Kassis stated in mid-May to Sputnik that she had proposed a new initiative for a political solution in Syria during her meeting with Deputy Foreign Minister Mikhail Bogdanov, affirming that she sensed a desire from the Russian side to find a political solution to the Syrian crisis.

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Tune in to an exclusive interview 🎤 with Rami Ghandour, CEO of Metito as he explores topics such as the #Mena Oceans Summit 2024, Desalination Blue Finance, innovative water power methods, meeting water demands in the #UAE, and other compelling subjects. 🌊 Watch the full interview and join the conversation in the comments below 👇 GoumbooEk #ESGMena #oceans #sea #projects #blufinancing #menaoceanssummit #water #desalination

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#Saudi ACWA Power has signed a memorandum of understanding (MoU) with the Tunisian Government represented by the The Ministry of Industry, Energy and Mines to explore the potential for a project that would produce up to 600 kt/yr of green hydrogen in three phases, for export to Europe. ACWA Power would develop, operate and maintain 12GW of #renewableenergy electricity generation units, including storage systems and transmission lines, along with water desalination plants, electrolyzers and infrastructures to connect to the main pipeline. The first phase would involve installing 4GW of #renewable energy units, 2GW of #electrolyser capacity, as well as battery storage facilities, to produce 200 kt/yr of #greenhydrogen. The green #hydrogen production is aimed to be exported through the South2 Corridor, a hydrogen pipeline initiative led by European TSOs and identified as Project of Common Interest by the EU, connecting #Tunisia to Italy, Austria and Germany. The project intends to play an integral role in supporting Tunisia’s National Strategy for the Development of Green Hydrogen and its Derivatives, which was launched in October 2023. The strategy includes an action plan for exporting more than 6mn t of green hydrogen to Europe by 2050. The agreement marks ACWA Power’s ambition to rapidly expand its green hydrogen portfolio. Construction is well underway at the NEOM Green Hydrogen Company's Project, a joint venture between ACWA Power, Air Products, and NEOM, to create the world’s first utility-scale green hydrogen plant, capable of producing 1.2mn t/yr of #greenammonia. Work is also underway on ACWA Power - Central Asia’s second green hydrogen project, located in #Uzbekistan. The first phase of this project will be capable of producing 3 kt/yr of green hydrogen, with the intention to expand to a second phase. The company reports - https://lnkd.in/dYdPs-tS At the same time, #UAE's Masdar (Abu Dhabi Future Energy Company) and State Oil Company of the Republic of Azerbaijan (SOCAR) have broken ground on three major #solar and #wind projects in #Azerbaijan with a capacity of 1GW. The groundbreaking, which took place at the opening ceremony of Baku Energy Week | BEW on June 4, reinforces Masdar’s long-term commitment to Azerbaijan as a global strategic partner. The three groundbreakings include the 445MW Bilasuvar Solar PV Project, 315MW Neftchala Solar PV Project and the 240MW Absheron-Garadagh Onshore Wind Project. To find out more about the development of #lowcarbon hydrogen and renewable energy in #CentralAsia and the #Caucasus, please join Argus Media #webinar which will be held on June 19. The webinar will be held in Russian language. Please register here - https://lnkd.in/dHnFWx7r #argusmedia #netzero #sustainability #renewables #baku #cop29 #kazakhstan #turkmenistan #tajikistan #kyrgyzstan #armenia #georgia

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HALTIQA - Bridging Energies Managing Director Lionel Rabin and market analyst Clement Rabin participated to #France #Gulf #Vision #2024 at the Ministry of Finance, Economy and digital sovereignty in Paris. It was great to meet the delegation of the #SultanateofOman a strategic member state of the The Cooperation Council for the Arab States of the Gulf (GCC). Important event as we are all moving into a critical phase of energy, environmental, economic and societal transition. #MinistryofEnergyandMinerals of #Oman, #energy #transition,

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10GW Wind Farm in Egypt Advances Towards Construction Infinity Power, Africa’s largest renewable energy developer, Hassan Allam Utilities, a sustainable infrastructure-focused development and investment platform, and Masdar, the UAE’s leading renewable energy company, have signed a Land Access Agreement with the Egyptian Government for their 10GW onshore wind farm. This project, set to be one of the largest in the world, has a project value exceeding US$10 billion. The agreement grants the consortium access to a 3025 km² area of land in West Suhag, allowing them to conduct essential development studies. These studies include resource measurement campaigns, geotechnical and topographic surveys, and environmental assessments to ensure minimal impact […] Read the full story here: https://lnkd.in/di6pmTgT #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #africa #egypt #greenenergy #infinitypower #masdar #middleeast #renewableenergy #windenergy

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