RIYADH: ADQ is considering acquiring a stake in Juhayna Food Industries as the Abu Dhabi sovereign wealth fund pursues more deals in Egypt, Bloomberg reported citing people familiar with the matter. Abu Dhabi’s newest state fund has been weighing a potential investment in Egypt’s largest dairy and juice producer, the people said, asking not to be identified as the matter is
‘Shelter’ The Palestinian artist’s exhibition, according to the brochure, “explores … the melancholy of the urban environment as a byproduct of military occupation.” In one series of works, including this one, he uses Lego blocks and concrete “as if a colorful dream of the future is trying to take over the grim reality.” ‘Buried City’ One of a series of Abu Salameh’s artworks
RIYADH: Saudi Arabian non-oil business activity expanded at its fastest rate since December 2017, as new business and export orders increased, according to a survey released on Thursday. The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers’ Index (PMI) rose for the second month in a row, from 55.2 in April to 56.4 in May. A score above 50 indicates expansion,
CAIRO: Egyptian authorities have presented an amended invitation for tobacco companies to bid for a license to manufacture cigarettes, a document seen by Reuters showed, after four firms complained the terms were too narrow. The license could end a decades-old monopoly by the state-controlled Eastern Company which has a 70 percent market share. The cigarette industry
Gazprom Neft signs hydrogen deal with Russian steelmaker
Jun 3, 2021 8:15:am
Summary
by: Joseph Murphy
Posted in:
Gazprom Neft signs hydrogen deal with Russian steelmaker
Russian oil company Gazprom Neft has signed deals with Russian steelmaker Severstal on developing hydrogen energy to reduce emissions.
The pair have signed a memorandum of understanding and a co-operation agreement on producing, transporting and storing hydrogen in order to reduce CO
2 emissions from metallurgy, Gazprom Neft said on June 3. They will also look at opportunities and technologies for capturing and using CO
2, and consider switching processes that run on hydrogen fuel to use a methane-hydrogen mixture instead.