[TRSDC signs first $400 million joint venture with Al Mutlaq Group] Red Sea Development Corporation signed a joint venture agreement worth 1.5 billion riyals with Almutlaq Real Estate Investment Co., a subsidiary of AlMutlaq Group. Under the agreement, the two companies will develop Jumeirah Red Sea Resort, a 159-room luxury resort on Shura, the hub island of the Red Sea destination, which is currently under construction and is expected to open in early 2024. Editor/Xing Wentao

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• 2026.08.03 16:17
• [Türkiye and Iraq Sign Crude Oil Transportation Agreement]
• Türkiye and Iraq signed an agreement on August 1 to ensure that crude oil will continue to be transported through the Kirkuk Ceyhan oil pipeline from Iraq to Türkiye. This agreement was signed on the same day by Türkiye National Petroleum Pipeline Company, Iraq's state-owned oil company - National Petroleum Marketing Organization and Northern Petroleum Company in Ankara, Türkiye's capital, for a period of one year.Editor/Gong Ziwei

• 2026.08.03 16:12
• [Grid connected power generation of CGN Ningde offshore photovoltaic project]
• On July 31, 2026, CGN Ningde 200 MW offshore photovoltaic project will be fully connected to the grid for power generation. This project is one of the first offshore photovoltaic projects in Fujian Province and also the first nuclear photovoltaic offshore photovoltaic project of CGN. It has important demonstration significance for promoting the green transformation of local energy structure, building a new energy system, and helping the region to build zero carbon demonstration parks.Editor/Gong Ziwei