[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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• 2026.08.17 11:14
• [National Energy Administration Releases H1 Photovoltaic Power Construction Data]
• On August 14, 2026, the National Energy Administration released the construction status of photovoltaic power generation in the first half of the year. Data shows that in the first half of the year, the newly added grid connected capacity of photovoltaics in China reached 71.768 million kilowatts, of which distributed photovoltaics added 42.221 million kilowatts, accounting for over 58.8%; Centralized photovoltaic power stations added 29.547 million kilowatts. Editor/Min Jing

• 2026.08.17 11:14
• [Iran and Tajikistan Reach Long‑term Oil Cooperation Agreement]
• On August 15, 2026, Iran and Tajikistan reached a long-term energy cooperation agreement through oil negotiations. The agreement contains two core contents: Iran will export petroleum products to Tajikistan and supply crude oil to local refineries, helping to deepen the development of energy and trade between the two countries. Editor/Min Jing