Category: NEWS
Arctech Secures Solar Tracking System Contract for Al Ajban 1.5GW PV Project in UAE
Arctech has been selected to supply its SkyLine II 1P single-axis solar tracking system for the expansive 1.5GW Al Ajban…
Equinor Secures $3 Billion for Empire Wind 1 Offshore Wind Farm
Equinor has successfully secured over $3 billion in project financing for the Empire Wind 1 offshore wind farm, located off the…
BP Starts Gas Flow at Greater Tortue Ahmeyim LNG Project
BP has initiated the gas flow at the Greater Tortue Ahmeyim (GTA) Phase 1 liquefied natural gas (LNG) project, a…
U.S. Likely to Implement Tariffs on Steel, Aluminum, and Copper to Boost Domestic Production and Reshoring Efforts
The United States is preparing to increase or introduce new tariffs on key metals such as steel, aluminum, and…
CMC Reports $175.7 Million Loss in Q1 of Fiscal 2025 Amid Legal Issues and Market Pressures
CMC (Commercial Metals Company), based in Irving, Texas, has reported a significant financial loss of $175.7 million for the…
Italy’s Potential SpaceX Deal Threatens EU’s Satellite Ambitions
Italy considers €1.5 billion SpaceX deal, potentially undermining EU’s IRIS² satellite project and raising security and economic…
North Korea Tests Hypersonic Missile Amid Rising Geopolitical Tensions
North Korea has successfully tested a new intermediate-range hypersonic missile, reaching speeds 12 times faster than sound,…
UK Leads European Electric Vehicle Market Amid Rising Discounts and Long-Term Sustainability Concerns
In 2024, the UK overtook Germany to become Europe’s largest electric vehicle (EV) market, with a record 381,970…
Mercedes-Benz Faces Profit Challenges Amid Slowing Auto Market and Growing EV Competition
Mercedes-Benz, the prestigious German automaker, is poised to revise its mid-term profit expectations, with a potential cut…
EU Dismisses Gas Supply Concerns Despite Declining Reserves
The European Commission is reassuring the public that there are no immediate threats to the EU’s gas supply, despite…
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