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Egypt’S $15 Billion South Sinai Renewable Energy Project Set To Deliver 10 Gw Clean Power

Egypt’S $15 Billion South Sinai Renewable Energy Project Set To Deliver 10 Gw Clean PowerEgypt is moving ahead with a historic renewable energy initiative as a consortium led by the Spanish company Abengoa announced a massive $15 billion investment plan in South Sinai. The project focuses on developing both solar and wind power generation and aims to produce 10 gigawatts of clean energy in the coming years. This development marks a major milestone in Egypt’s long-term renewable energy vision and reflects strong international confidence in the country’s growing clean energy sector. The scale of this investment highlights Egypt’s commitment to expanding its renewable energy capacity and transitioning toward a greener and more sustainable economy. It is not an isolated effort but part of a broader strategy to attract foreign investment and technical expertise. In recent years, Egypt has been involved in several large-scale renewable projects, including the financing of a 1-gigawatt solar plant. Together, these developments demonstrate a clear pathway for the country to become a leader in clean energy production. The South Sinai project is expected to create one of the largest renewable energy complexes in the Middle East. This initiative has long-term value because it is structured around power-purchase agreements for both solar and wind components, which ensures stable financial returns and sustainable operation. With this foundation, Egypt is positioning itself as a key player in the global shift away from fossil fuels and towards renewable energy. The impact of such a major project extends beyond Egypt’s borders. When countries invest in large-scale renewable facilities, it accelerates the advancement of clean energy technology and strengthens global supply chains. This helps reduce the cost of renewable energy components, making technologies such as rooftop solar panels more affordable for households and businesses worldwide. For example, consumers and tenants across Germany and other European countries could benefit from price reductions driven by greater manufacturing scale. The renewable energy expansion in Egypt is part of a wider movement across the Middle East and North Africa. Regional players are rapidly diversifying their energy sources. Saudi Arabia has announced its target to generate 58.7 gigawatts of renewable power by 2030, supported by domestic solar panel manufacturing. Kuwait is also advancing major projects such as the Al Dibdibah solar plant, designed as part of an integrated renewable energy hub expected to support long-term sustainability. This regional momentum indicates a collective push toward energy transition and collaboration in green technology innovation. Beyond power generation, the South Sinai project could strongly boost local industry development. With a 10-GW renewable energy pipeline planned, Egypt has the chance to build a domestic solar manufacturing ecosystem. To meet the scale of demand, the country will need to develop understanding across the full value chain, including solar panel production processes, raw material sourcing, advanced machinery, and cost-efficient factory models. Although the investment required for establishing solar manufacturing facilities is substantial, the long-term advantages include job creation, technology development, lower energy costs, and improved energy security. Egypt’s journey represents more than just infrastructure expansion. It reflects a national commitment to sustainability and economic modernization. The $15 billion renewable investment project symbolizes a future in which clean energy plays a central role in national development. As the project moves forward, Egypt stands as an important example for countries worldwide looking to balance growth with environmental responsibility and to take decisive steps toward a cleaner energy future. Subscribe to get the latest posts sent to your email. Type your email… Subscribe

05 December 2025

Egypt’S $15 Billion South Sinai Renewable Energy Project Set To Deliver 10 Gw Clean Power

Egypt’S $15 Billion South Sinai Renewable Energy Project Set To Deliver 10 Gw Clean Power

05 December 2025

Waterline Breaks Force Overnight Closure At Grand Canyon; $208 Million Replacement Project Underway

Waterline Breaks Force Overnight Closure At Grand Canyon; $208 Million Replacement Project UnderwayGRAND CANYON, Ariz. (UI) — Grand Canyon National Park will temporarily suspend overnight lodging on the South Rim beginning Dec. 6 due to major breaks in the park’s aging 12.5-mile Transcanyon Waterline — a critical underground system that delivers water from the inner canyon to the South Rim. The National Park Service (NPS) said water is currently not being pumped to the South Rim, prompting new restrictions on lodging and camping until repairs are made. While the park remains open for day use, all overnight accommodations inside the park — including Xanterra-operated hotels such as El Tovar, Bright Angel Lodge and Maswik Lodge, as well as Delaware North’s Yavapai Lodge and Trailer Village — will close temporarily. Hotels in nearby Tusayan will not be affected. Dry camping will be permitted at Mather Campground, though spigot access will be turned off. Faucets in bathrooms and at the check-in kiosk will remain available. The park has also prohibited all wood and charcoal fires, including campfires and barbeques. The waterline failure underscores ongoing infrastructure challenges in one of the nation’s most visited parks. Originally constructed in the 1960s, the Transcanyon Waterline has far exceeded its intended lifespan, requiring frequent and costly repairs. In 2023, NPS launched a $208 million rehabilitation project to replace the failing system and upgrade the park’s broader water delivery network — an effort aimed at securing reliable water service for 5 million annual visitors and 2,500 year-round residents. The project is expected to be completed in 2027. “These measures are crucial for ensuring the safety and sustainability of water resources,” NPS said in a statement. “The goal is to restore full operational status for overnight guests on the South Rim as quickly as possible.” South Rim residents are being urged to conserve water by limiting showers, minimizing laundry loads, and reporting any leaks. Hikers are also advised to carry sufficient water or treatment methods when venturing into the backcountry.

Underground Infrasturcture

05 December 2025

Waterline Breaks Force Overnight Closure At Grand Canyon; $208 Million Replacement Project Underway

Waterline Breaks Force Overnight Closure At Grand Canyon; $208 Million Replacement Project Underway

Underground Infrasturcture

05 December 2025

Cardiff Central Railway Station To Receive £140 Million Revamp

Cardiff Central Railway Station To Receive £140 Million RevampCardiff Central railway station is set to undergo renovation as the Government has given the green light on a 140 million GBP revamp project. Improvements to the station will include the modernisation of the station as a whole, whilst aiming to preserve both the history and heritage of the building itself. Works will be carried out to expand the station’s concourse in order to increase capacity and improve passenger flow, with improved waiting areas, enhanced retail offerings and cycle storage facilities also set to be installed. The station is set to remain open whilst construction is carried out, and the scheme will be led by Transport for Wales, with the investment of up to 140 million GBP being provided by the Department for Transport, Cardiff Capital Region and the Welsh Government following the recent approval of associated business cases. This week will also see the first meeting of the newly reorganised Wales Rail Board in Cardiff, in which the Board will oversee the prioritisation of the rail spending review settlement, assess progress on current rail projects and identify projects for future delivery. Following the meeting; Transport for Wales will publish ‘Today, Tomorrow, Together’, – a vision document for the future of rail in Wales, later this month. This is a major milestone for our ambitious plans to upgrade Cardiff Central station, a key hub on our South Wales Metro and gateway to Wales’ capital city. The joint £140m investment between Welsh Government, UK Government and Cardiff Capital Region will modernise and enhance the station, benefitting passengers and accommodating our ambitions for long term growth. The newly revamped Wales Rail Board will also meet for the first time today to discuss future projects such as this and relevant funding. I’m extremely pleased that Vernon Everitt will Chair the board as he brings a wealth of experience and expertise, that will help lead us into the future.

05 December 2025

Cardiff Central Railway Station To Receive £140 Million Revamp

Cardiff Central Railway Station To Receive £140 Million Revamp

05 December 2025

Great British Energy Plans 15 Gw Clean Energy Investment

Great British Energy Plans 15 Gw Clean Energy InvestmentSolar and energy storage will be core technologies in Great British Energy’s (GBE) investment strategy, according to the UK state-owned company’s first strategic plan. GBE has committed to deliver at least 15 GW of clean energy generation and storage assets by 2030 and is aiming to mobilize GBP 15 billion of private finance in that time. The UK government’s renewables investment vehicle is expected to establish a portfolio through investment and ownership. Revenues from GBE’s income-generating portfolio are to be reinvested to support further capacity deployment. GBE was established in May 2025 and the company has already backed a number of distributed PV projects in the United Kingdom, including the rollout of rooftop solar on school and hospital sites. The company’s new strategic plan lists three priority areas for the company: local energy, onshore generation and offshore generation. Solar and battery energy storage systems will be priority technologies for both local community and large-scale onshore investment, alongside wind, pumped hydro and long-duration energy storage. GBE will also operate a GBE Ventures arm tasked with considering other technologies and projects such as carbon capture, utilization and storage (CCUS), and hydrogen. The strategic plan provides more detail on a GBP 1 billion investment in the Energy – Engineered in the UK program, with a formal launch scheduled before the end of 2025. The program is expected to issue grants and investments to support clean energy industrial capacity in the United Kingdom, such as domestic component manufacturing and some nascent technologies such as deepwater wind. GBE's strategic plan is part of a wider UK government strategy that requires a significant ramp up in renewables deployment to meet 2030 capacity targets. The government's Clean Power 2030 plan sets targets of 45 GW to 47 GW of solar power, 43 GW to 50 GW offshore wind, and 27 GW to 29 GW of onshore wind in the next five years. The latest UK government solar deployment statistics recorded 20.7 GW of deployed solar at the end of October 2025. This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

05 December 2025

Great British Energy Plans 15 Gw Clean Energy Investment

Great British Energy Plans 15 Gw Clean Energy Investment

05 December 2025

Study: Dfw Airport Now Contributes $78.3 Billion Annually To North Texas Economy, Supports 684,000 Jobs

Study: Dfw Airport Now Contributes $78.3 Billion Annually To North Texas Economy, Supports 684,000 JobsDFW AIRPORT, Texas (Nov. 20, 2025) – Dallas Fort Worth International (DFW) Airport now contributes more than $78 billion annually to the North Texas economy and supports more than 684,000 jobs across the region, according to a new economic impact study released today. The comprehensive study, conducted by The Perryman Group, shows that the airport has accelerated its economic influence over the past decade and underscores DFW’s role as a major driver of jobs, commerce and tourism spending. Since 2014, the airport’s overall annual economic impact has grown from $46.4 billion in gross product (measuring economic value created by airport-related activities) to $78.3 billion in 2024 – an increase of about 69%. The growth was driven by record passenger volumes, expanded domestic and international air service, and robust business development across the region. “DFW Airport continues to be one of our region’s most powerful economic engines, and its growth reflects what we see across Dallas: a city on the rise stepping confidently into a brighter future,” said Dallas Mayor Eric L. Johnson. “With its expansion underway, DFW Airport is creating more jobs, driving greater prosperity, strengthening our business landscape, and expanding opportunities for Dallas families. As Dallas surges forward, DFW Airport helps fuel our growth with unmatched connectivity and makes a profound impact on our local economy.” “This new study from Perryman underscores DFW Airport’s central role as a world-class gateway and a major economic driver for Fort Worth and the entire North Texas region,” said Fort Worth Mayor Mattie Parker. “From remarkable job growth to a major increase in gross product, it’s clear that DFW is moving our region forward, and Fort Worth takes great pride in being a steadfast partner in this momentum.” The study, which Perryman has conducted for the airport every five years since 2014, highlights strong growth across every major category of airport-related activity during the past decade: “DFW Airport’s impact reaches far beyond travel, as it fuels economic opportunity in every corner of North Texas,” said DeMetris Sampson, Chair of the DFW Airport Board of Directors. “This study shows how the airport’s growth translates directly into new jobs, stronger small businesses, and expanded connections with the Texas economy. As we modernize our terminals and invest in the next decade of infrastructure, we’re laying the groundwork for even more innovation, commerce and shared prosperity across our communities.” “The continued expansion of DFW Airport as an economic engine demonstrates its importance as a community, regional and national asset that supports small businesses, promotes tourism and creates opportunities for residents across North Texas,” said Chris McLaughlin, DFW’s Chief Executive Officer. “As we look ahead to serving 100 million passengers annually by the end of the decade, we’re investing in new terminals, modern roadways and expanded infrastructure to ensure that DFW continues to grow smartly and remain ready for the needs of the future.” While the airport does not use taxpayer dollars for its operations, the study concludes that the economic activity generated by DFW’s businesses, partners, visitor spending, cargo operations, tenants and other activities have greatly increased the tax benefits to the community. These annual fiscal benefits are estimated to generate more than $14 billion in federal taxes, $5 billion in state taxes and $3.4 billion for local taxing entities. Additionally, the Perryman study concludes that the airport’s ongoing $12 billion capital program, including projects on the airfield, new gates, other facility improvements and the new Terminal F, are estimated to generate nearly $5 billion in additional local, state and federal taxes at project completion. The airport’s new infrastructure will also support thousands of additional jobs, along with billions more in gross product and wages. “Serving one of the most dynamic economies in the world, DFW Airport helps support current success, and future expansion and prosperity, and is a major catalyst to continuing development,” said Ray Perryman, founder and CEO of The Perryman Group. “Through its operations and related activity, DFW generates substantial – and growing – economic and fiscal benefits to the region, state, and nation.” The complete Perryman study is available here. About Dallas Fort Worth International Airport Dallas Fort Worth International Airport (DFW) is one of the most connected and busiest airports in the world. Centered between owner cities Dallas and Fort Worth, Texas, DFW Airport also serves as a major economic engine and job generator for the North Texas region. The airport’s historic $12 billion capital plan – DFW Forward – is set to transform the customer experience and plan for the future with monumental upgrades and expansions underway across DFW’s terminals, airfield and roadway infrastructure. For more information, visit the DFW website or download the DFW Airport mobile app for iOS and Android devices. Follow @dfwairport on Facebook, Twitter, Instagram, and LinkedIn. About The Perryman Group The Perryman Group is a highly regarded economic research and analysis firm based in Waco, Texas. The firm has served the needs of more than 3,000 clients, including two-thirds of the Global 25, over half of the Fortune 100, the 12 largest technology firms in the world, 12 U.S. Cabinet Departments, the nine largest firms in the U.S., the six largest energy companies operating in the U.S., and the five largest U.S. banking institutions. The firm has also completed more than 1,000 public policy studies on a variety of issues.

Airport Improvement

04 December 2025

Study: Dfw Airport Now Contributes $78.3 Billion Annually To North Texas Economy, Supports 684,000 Jobs

Study: Dfw Airport Now Contributes $78.3 Billion Annually To North Texas Economy, Supports 684,000 Jobs

Airport Improvement

04 December 2025

Browns Clear Final Major Hurdle For New $2.4B Domed Stadium

Browns Clear Final Major Hurdle For New $2.4B Domed StadiumThe Browns have cleared the last major obstacle in front of their $2.4 billion plan to build a domed stadium and mixed-use development in Brook Park, Ohio, as the Cleveland City Council approved a $100 million settlement deal enabling the move. By a 13–2 vote, the city council passed the agreement first struck in October between the NFL team and Cleveland Mayor Justin Bibb—but not without some notable changes. The original pact called for $70 million in cash payments from Browns owner Haslam Sports Group to the city, in multiple tranches, along with covering the estimated $30 million cost of razing the city-owned Huntington Bank Field. The city council’s assent retains that core of the agreement, which is focused in part on the redevelopment of the lakefront area where the current stadium is located. It adds, however, clarifying good-faith language, as well as up to $3 million in additional payments from HSG if the Browns stay at the current stadium beyond a planned exit in early 2029. Perhaps most important to the Browns, though, the legislative approval also includes the release of legal claims that had threatened to scuttle the entire Brook Park project. City officials had attempted a variety of maneuvers to block the deal, and prior doubt around the council approval had represented another potential roadblock to the plan. Before these final modifications, Bibb had signaled there wasn’t wiggle room in the HSG deal. “From Day One, I made it clear that any deal involving our city’s assets must protect the city’s general revenue fund and deliver real value for Cleveland. This agreement does exactly that,” Bibb said. “It resolves longstanding issues, safeguards the city’s financial interests, and positions us to move ahead with clarity and purpose.” The new venue is slated to open for the 2029 NFL season. Following the council vote, the Browns touted not only the forthcoming arrival of that project, but the remade lakefront and a forthcoming modernization of Cleveland Hopkins International Airport, adjacent to the planned stadium. “These projects all reinforce our belief that Northeast Ohioans should have it all,” said HSG president Dave Jenkins. “We are confident that with continued collaboration, our region is set up for incredible growth and prosperity.” There are still two outstanding legal cases relating to the Browns’ planned move, one relating to Ohio’s former Modell Law, and another regarding the state’s use of unclaimed funds to help fund the stadium. Both are still pending, and outside of the city’s purview. Neither, however, is expected to derail the project, even if they survive, and construction is expected to begin in earnest next year. The Browns are part of a fast-growing stadium boom around the league, one that includes venues under construction in Buffalo and Tennessee, a recently approved deal in Washington, D.C., a newly announced plan in Denver, and ongoing deliberations in Kansas City and Chicago.

Front Office Sports

04 December 2025

Browns Clear Final Major Hurdle For New $2.4B Domed Stadium

Browns Clear Final Major Hurdle For New $2.4B Domed Stadium

Front Office Sports

04 December 2025

Egypt'S Petrojet Secures $273M Oman Gas Pipeline Deal, Deepening Energy Ties

Egypt'S Petrojet Secures $273M Oman Gas Pipeline Deal, Deepening Energy TiesEgypt's Petroleum Projects and Technical Consultations Company (PETROJET) has secured a $273 million Engineering, Procurement, and Construction (EPC) contract to build a 193-kilometer natural gas pipeline in Oman. The contract, announced on Monday during a meeting between Egyptian Minister of Petroleum and Mineral Resources Karim Badawi and OQ Gas Networks (OQGN) Managing Director Mansoor Ali Al-Abdali, highlights the growing energy infrastructure cooperation between the two nations. In addition to the gas pipeline, PETROJET will implement the first phase of OQGN's planned hydrogen pipeline network, undertaking 400 kilometers of the total 2,000-kilometer project at an estimated cost of $250 million. The Egyptian firm is also preparing to compete for upcoming green hydrogen and Natural Gas Liquids Extraction (NGLE) projects, leveraging its international expertise. The announcement was made at Oman’s Green Hydrogen Summit, where leaders discussed collaborative opportunities. Separately, Minister Badawi and Mohsen Al-Hadhrami, Undersecretary of the Ministry of Energy and Minerals and Chairman of Petroleum Development Oman (PDO), reviewed PETROJET’s involvement in civil works and housing under a new framework agreement, alongside five other firms. Other Egyptian firms, Engineering for the Petroleum and Process Industries (ENPPI) and Egypt Gas, are moving forward with registration on OQGN’s Tawreed platform. Both companies are finalizing technical pre-qualification documents for gas pressure reduction stations at Duqm Refinery, aiming for completion before the end of the year. ENPPI, a current partner with OQGN, Oman Tank Terminal Company (OTTCO), and Duqm Refinery, is listed as a strong contender for all forthcoming project tenders. Further discussions, including meetings with OQ Alternative Energy and Hydrogen Oman Company (Hydrome), focused on expanding Egyptian companies’ footprint in oil, natural gas, green hydrogen, and ammonia projects, particularly in the key regions of Salalah and Duqm. The suite of agreements solidifies the deepening relationship between the Egyptian and Omani energy sectors, with PETROJET, ENPPI, and other Egyptian firms poised for pivotal roles in Oman’s emerging energy and industrial development initiatives.

Pipeline Technology Journal

03 December 2025

Egypt'S Petrojet Secures $273M Oman Gas Pipeline Deal, Deepening Energy Ties

Egypt'S Petrojet Secures $273M Oman Gas Pipeline Deal, Deepening Energy Ties

Pipeline Technology Journal

03 December 2025

Aussie Gold’S $15 Billion Output

Aussie Gold’S $15 Billion OutputAustralia’s gold sector continues to shine, producing 76 tonnes in the September quarter 2025 and is valued at around $15.5 billion at current prices. Gold prices ranged from $US3299 to $US3827 per ounce during the quarter, with Australian dollar equivalents between $5035 and $5824 per ounce. Prices climbed further in October and November, briefly dipped, then partially recovered, now sitting around $US4273 ($6502) per ounce. “The Australian gold mining industry is in the best shape I have seen since the price of gold was free floated in 1971,” Surbiton Associates director and gold expert Sandra Close said. “Most producers are achieving excellent margins and the junior companies seem to have no problem in raising further funds for exploration or development.” “Exploration expenditure is high, particularly on drilling, with new gold discoveries, both brownfields and greenfields, being announced almost every day. This augurs well for gold production in coming years.” Gold’s strong performance is underpinned by global factors including rising US federal debt, ongoing geopolitical tensions, and sustained demand from central banks in Poland, China, Turkey, Kazakhstan, and India. Flows into exchange traded funds remain strong, further supporting prices. On costs, Close said the use of all-in sustaining costs (AISC) is a better measure than many others for calculating the cost of production but it is still an imperfect measure. “While it takes account of the various costs, such as energy, labour and consumables, it does not recognise any changes in the grade of ore being treated,” she said. Close said head grades have been slowly falling over time and that in response there has been an increase in AISCs due to this factor alone. “In reality, it has become economic to process lower grade material as gold prices have risen,” Close said. ”Head grades have declined, so the AISC per ounce produced has increased but this effect seems yet to be understood or appreciated.” Top Australian producers for the quarter included Newmont’s Boddington and Cadia, Northern Star’s Super Pit, AngloGold Ashanti and Regis Resources’ Tropicana, and Newmont’s Tanami, showcasing the country’s consistent and high-quality output. Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.

Australian Mining

03 December 2025

Aussie Gold’S $15 Billion Output

Aussie Gold’S $15 Billion Output

Australian Mining

03 December 2025

Allen Morris Co. Locks Down $138.5 Million Construction Loan For Ziggurat Coconut Grove

Allen Morris Co. Locks Down $138.5 Million Construction Loan For Ziggurat Coconut GroveAllen Morris Co., one of the leading real estate firms in the Southeast U.S., has secured a $138.5 million construction loan from BDT & MSD Partners (“BDT & MSD”), through its affiliated funds, and BHI, the U.S. Bank of Bank Hapoalim, B.M. for Ziggurat, a mixed-use development that will enhance the heart of Coconut Grove, while ensuring homage to the area’s deep history and heritage. The financing was arranged by Lotus Capital Partners, led by Faisal Ashraf. Located on 1.7 acres at 3101 Grand Avenue, at the intersection of Grand Avenue, Matilda Street and Florida Avenue, Ziggurat will introduce world-class office, residential, and retail offerings, that reflect the vibrant and unique character of Coconut Grove. The development includes two towers: a five-story 100,000 square foot trophy office building which will set the high watermark for office space in Miami, and a three-story condominium building with 18 ultra-luxury residences, and approximately 45,000 square feet of retail space on the ground floor. The rooftop of the office structure will house a restaurant and lounge by a local Michelin-starred chef with spectacular views of Biscayne Bay. Ziggurat also features pedestrian-friendly paseos leading to a central interior courtyard filled with lush landscaping and surrounded by best-in-class local bistros, boutiques and wellness-oriented retail., The residential component, exclusively represented by ONE Sotheby’s International Realty, features residences from 1,254 sq ft to over 5,000 sq ft. Prices ranging from $3.5 million to $15 million. Each residence overlooks the soon-to-be revitalized Kirk Munroe Park, set to undergo an $8 million renovation in partnership between Allen Morris Co. and the City of Miami., Groundbreaking is anticipated for December 2025, with completion expected for early-2028. Designed by Oppenheim Architecture, the development will be a captivating addition to Coconut Grove’s landscape, blending the area's rich natural surroundings with modern architectural elements. Ryan Holtzman, Andrew Trench and Brian Gale with Cushman & Wakefield will manage office leasing alongside Thad Adams with The Allen Morris Company. Daniel Cardenas and Michael Sullivan with Vertical Real Estate will lead the retail leasing efforts. The Espinosa family, a longstanding and highly regarded family in the Grove, who have owned and operated Grove Laundry & Cleaners on the site since 1961, will partner with The Allen Morris Company on the project. “We designed Ziggurat to be a contextual extension of the Grove’s essence. With natural stone cladding and gardens wrapping every level of the building, we are seeking to build a landmark that respects the past while elevating the future of architecture in South Florida,” said W. A. Spencer Morris, President of Allen Morris Co. “Paired with a reimagined public greenspace and a lineup of extraordinary local culinary talent, this project reflects our deep commitment to place-marking at the highest level.” “This project reflects our strategy of identifying high-quality real estate opportunities backed by experienced sponsors in markets with durable, long-term demand drivers,” said Jason Kollander, Partner & Head of Real Estate Credit at BDT & MSD. “Coconut Grove’s enduring appeal and development momentum make it an attractive submarket, and we’re pleased to support the Allen Morris Company in delivering a development that adds vibrancy and momentum to the neighborhood’s continued evolution.” “BHI’s strategy is rooted in thoughtfully expanding into markets where we can help deliver highly distinguishable inventory that adds meaningful value”, said Adrian Rahimi, VP of Commercial Real Estate Financing at BHI. “We’re excited to continue to expand the bank’s South Florida presence by partnering with world-class sponsors and highly sophisticated and experienced lenders.” “Ziggurat sets a new standard for luxury living in Coconut Grove,” said Daniel de la Vega, President of ONE Sotheby’s International Realty. “The appeal and interest in this project, not unexpectedly, has been on a global scale.” For more information about Ziggurat Coconut Grove or to inquire about purchasing a unit please fill out the form below:

03 December 2025

Allen Morris Co. Locks Down $138.5 Million Construction Loan For Ziggurat Coconut Grove

Allen Morris Co. Locks Down $138.5 Million Construction Loan For Ziggurat Coconut Grove

03 December 2025

Mali Recovers Us$1.2 Billion In Arrears From Miners

Mali Recovers Us$1.2 Billion In Arrears From MinersMali has recovered 761 billion CFA francs (US$1.2 billion) in arrears from mining companies following a sweeping audit, its finance minister said, marking one of the country’s biggest clawbacks from its extractive sector. The military-led government launched an audit of Mali’s mining sector in early 2023 that uncovered massive shortfalls for the state and paved the way for a new mining code. That new mining law raised royalties, boosted state stakes in mining companies and scrapped stability clauses. A recovery commission was set up after an audit by firms Inventus and Mozar flagged financial irregularities and shortfalls for the state estimated at 300 to 600 billion CFA francs. The overhaul of the industry triggered a two-year dispute with Canadian miner Barrick Mining, Mali’s top gold producer, before a deal was struck in November. Economy and Finance Minister Alousséni Sanou did not say if the recovered sum included Barrick’s recent 244 billion CFA francs deal. Other operators, including B2Gold, Allied Gold, Resolute Mining, Endeavour Mining, and lithium players like Ganfeng and Kodal settled their arrears and migrated to the new regime earlier. Want more stuff like this? Join over 65, 400 subscribers and receive our weekly newsletter! Please check your inbox or spam folder to confirm your subscription.

Africa Mining Market

03 December 2025

Mali Recovers Us$1.2 Billion In Arrears From Miners

Mali Recovers Us$1.2 Billion In Arrears From Miners

Africa Mining Market

03 December 2025

Iran Seizes Ship Carrying 350,000 Litres Of Smuggled Fuel In The Persian Gulf

Iran Seizes Ship Carrying 350,000 Litres Of Smuggled Fuel In The Persian GulfIran has seized a vessel said to be carrying 350,000 litres of smuggled gas oil (diesel) from the country. The Eswatini-flagged ship was stopped in the Persian Gulf, and its 13 crew members, hailing from India and a neighbouring country, have also been detained. Per sources, the ship was seized under a judicial order and taken to the shores of Bushhr. The fuel is being offloaded and will be given to Bushehr Oil Products Refining and Distribution Company. This is not the first time that Iran has seized vessels in the region by accusing them of smuggling fuel. On November 29, Ali Salami-zadeh, the prosecutor of Kish Island, said that two vessels were seized in the Persian Gulf for smuggling 80,000 litres of fuel. In March, two foreign tankers, called Star 1 and Winteg, were also confiscated in the Persian Gulf. At that time, the IRGC said that the tankers had 25 crew and were carrying over 3 million litres of smuggled diesel fuel. Iranian officials usually cite fuel smuggling as one of the major reasons for raising fuel prices in the country. Masoud Pezeshkian, president of Iran, said in January 2025 that 20 to 30 million litres of gasoline are smuggled daily and called it a catastrophe as the supply chain from production to distribution is in their own hands. However, such large-scale fuel smuggling is not possible without the involvement of the IRGC, as it controls and oversees all the imports and exports via unofficial ports and airports. Disclaimer : The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website. Disclaimer : The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website. 1. eBooks for Engine Department Master machinery operations, troubleshooting, and safety procedures with expertly written guides tailored for marine engineers. Prevent costly breakdowns and onboard accidents through practical knowledge. 👉 Explore Engine Department eBooks 2. eBooks for Deck Department Sharpen your seamanship, navigation, and cargo-handling skills with real-world case studies and practical insights designed for deck officers and cadets. 👉Discover Deck Department eBooks 3. eBooks on Electrical Fundamentals & Issues Understand marine electrical systems, identify potential faults, and prevent onboard electrical failures with step-by-step explanations from industry experts. 👉Get Electrical eBooks 4. Pocket Guides for Quick Reference Compact, handy, and loaded with essential checklists—perfect for on-the-go reference during operations and emergencies at sea. 👉 Browse Pocket Guide eBooks 5. Combo Packs to Save Big Access multiple expert eBooks at discounted prices. Ideal for professionals seeking complete safety and operational knowledge across various ship departments. 👉 Grab Combo Pack Offers 6. Digital Maritime Courses – Learn at Your Own Pace Upgrade your competence with Marine Insight Academy’s online courses. Learn from industry professionals anytime, anywhere, and become a safer, smarter seafarer. 👉 Join Online Maritime Courses

02 December 2025

Iran Seizes Ship Carrying 350,000 Litres Of Smuggled Fuel In The Persian Gulf

Iran Seizes Ship Carrying 350,000 Litres Of Smuggled Fuel In The Persian Gulf

02 December 2025

Severn Trent Water ‘Understands Frustration’ After Two Sets Of Roadworks Appear 100M Apart

Severn Trent Water ‘Understands Frustration’ After Two Sets Of Roadworks Appear 100M ApartSevern Trent Water has apologised after unauthorised roadworks were set up 100m from another set of temporary traffic lights in Staffordshire. The utility firm failed to secure a permit before starting work to fix a damaged manhole in Werrington Road near to the junction with Winston Place, in Bucknall but its teams were then called away and the lights, which were not in-sync with each other, were left in situ, causing congestion and hour-long delays, says the Stoke Sentinel. Severn Trent was already carrying out emergency repairs to a burst water pipe a short distance away at the junction of Werrington Road and Northfleet Street. The company has admitted that the permit needed for the second set of roadworks was not submitted to Stoke-on-Trent City Council in time. A Severn Trent spokesperson told Highways News: “This week has seen a lot of disruption in the area, due to a series of unconnected issues and for this we have apologised. Our teams have been working hard around the clock in difficult circumstances to get everything back to normal. “On Werrington Road on Wednesday we were attempting to carry out emergency repairs to a damaged manhole. Two-way traffic lights for the repair had been set up to keep our crews and public safe, but our teams were then forced to leave site and unfortunately in this commotion, the required permit for those works was not submitted to the council in time. We have been communicating with the council and highways on this matter and returned to the site on Thursday, with a full permit, to quickly complete the emergency manhole repair works and co-ordinated traffic management plans to keep disruption to a minimum. “This was a separate set of works to an emergency repair of a burst water pipe – which has a valid permit – taking place a short distance away. We do understand how frustrating these kinds of repairs are and would like to thank everyone for their understanding and patience.” (Picture: Mapillary)

29 November 2025

Severn Trent Water ‘Understands Frustration’ After Two Sets Of Roadworks Appear 100M Apart

Severn Trent Water ‘Understands Frustration’ After Two Sets Of Roadworks Appear 100M Apart

29 November 2025

Petrobras Trims $109 Billion Capex Plan As Lower Oil Prices Pressure Dividends

Petrobras Trims $109 Billion Capex Plan As Lower Oil Prices Pressure Dividends(Bloomberg) – Brazilian oil major Petrobras announced a 2% decrease in its next five-year investment plan to $109 billion, putting dividend payments in doubt at a time of lower oil prices. Shares fell. The state-controlled oil producer is caught between the government’s desire to grow the economy - especially ahead of a 2026 presidential election - and investors who demand high dividends and low debt. While Petrobras announced a regular dividend payout of at least $45 billion for the 2026-2030 period, similar to the previous plan, it didn’t commit to pay any extraordinary payouts to shareholders. Petrobras shares slid as much as 3.4% in Sao Paulo on Friday, the largest intraday drop since August, while Brent prices were are slightly lower. “The absence of short-term capex optimization could result in single-digit dividend yields ,” Itau Unibanco Holding SA said in a note to clients. “This could be perceived as disappointing by investors.” Petroleo Brasileiro SA, as it is formally known, will direct $91 billion of the total capital expenditure to projects under implementation, of which $10 billion will still need budget confirmation subject to a financing analysis. The rest is still under analysis “with a lower degree of maturity,” it said in a filing on Thursday. The spending plan is being closely watched by investors as it has an important political dimension in Brazil. The company is a major source of cash for the federal budget. It is the first time Petrobras has reduced its five-year budget after President Luiz Inacio Lula da Silva took office in 2023. The previous plan was based on an oil price assumption of $83 a barrel, while Brent crude is currently trading near $63. Petrobras earmarked 71.6% of the 2026-2030 plan, or $78 billion, for exploration and production. That includes boosting output at its deep-water fields in the so-called pre-salt region, while also exploring new areas in Brazil and abroad. The Rio de Janeiro-based company’s plan includes eight new offshore production units by 2030, and an additional 10 production vessels that are being considered for after 2030. It expects to drill 15 wells at Brazil’s Equatorial Margin — an offshore region where it recently got a permit for its first well — and is hoping to find discoveries similar to the ones Exxon Mobil Corp. has made off the coast of Guyana. Oil production Oil production is expected to peak at 2.7 million barrels a day by 2028, up from a previous plan ceiling. Petrobras also raised the short-term target to 2.5 million barrels of oil a day next year from the previous 2.4 million, potentially adding to a global glut at a time when the International Energy Agency is concerned about oversupply. Refining and related business lines such as fertilizers and logistics will account for about $20 billion of spending over the next five years. Petrobras is developing a portfolio of renewable fuels in an effort to decarbonize industries including shipping and aviation. The company said it will not build new refineries. Planned spending on gas and low-carbon projects is at $4 billion, driven by biofuels, biomethane and a return to ethanol production. Petrobras is looking at taking preferably strategic minority partnerships or shared control with relevant players in these areas, it said. Petrobras kept its debt ceiling at $75 billion. The plan “could make investors more skeptical toward the Petrobras investment thesis, as it shows a tight financial situation amid lower Brent prices, despite solid operating performance,” BTG analyst Gustavo Cunha wrote in a report, noting that Petrobras’s outlook now depends even more on a decline in Brazil’s sovereign risk heading into the 2026 elections.

29 November 2025

Petrobras Trims $109 Billion Capex Plan As Lower Oil Prices Pressure Dividends

Petrobras Trims $109 Billion Capex Plan As Lower Oil Prices Pressure Dividends

29 November 2025

Potka Begins Rs 16.7M Road Project And Unveils New Rural Works

Potka Begins Rs 16.7M Road Project And Unveils New Rural WorksSardar said rural development in Potka had accelerated significantly under Chief Minister Hemant Soren, with village transformation gaining strong momentum. He added that projects were being prioritised based on local needs, including bathing ghats in ponds, paver-block roads and concrete irrigation drains. These works, he said, would serve as milestones in Potka’s holistic rural progress. He further alleged that Jharkhand lagged behind during 19 years of BJP rule, while the present government was ensuring development reached every village. Urging villagers to make full use of government schemes, he expressed confidence that Jharkhand was on course to join the ranks of prosperous states. Hundreds of villagers, including former councillor Chandravati Mahato, Hiramani Murmu, activist Sunil Mahato, Mukhiya Kartik Murmu, Deputy Mukhiya Kushnu Murmu and Panchayat Samiti member Dukhu Mardi, attended the event. Projects launched included bathing ghats in Balidih, Hakai and Mukundpur; paver-block roads in Chhota Bandua, Neemdih, Khairpal, Mudsai and Haldipokhar West Panchayat; and irrigation drains in Jamdih and Datobeda.

Construction World

28 November 2025

Potka Begins Rs 16.7M Road Project And Unveils New Rural Works

Potka Begins Rs 16.7M Road Project And Unveils New Rural Works

Construction World

28 November 2025

Ad Ports Cashes Out Of Nmdc Stake In $436M Deal

Ad Ports Cashes Out Of Nmdc Stake In $436M DealAD Ports Group has sold its 9.77% stake in National Marine Dredging Company (NMDC) to Alpha Dhabi Holding in a $436m transaction, marking the ports group’s third divestment of non-core assets this year. The stake was originally transferred to AD Ports Group by Abu Dhabi’s investment arm ADQ ahead of the company’s listing in 2022. Over less than four years, the holding delivered a total shareholder return of 17% through dividends and capital gains, the Abu Dhabi-based ports and logistics giant said. AD Ports said the sale fits its strategy to monetise non-core assets and recycle capital into higher-return opportunities while reducing leverage. Proceeds from the deal will go toward strengthening the balance sheet, where the group reported AED 17bn ($4.62bn) in net debt at the end of September. Earlier divestments included land and logistics facilities sold to Mira Developments and Aldar Properties. Group CEO Mohamed Juma Al Shamisi said the transaction reinforces AD Ports’ commitment to active portfolio management. “The proceeds strengthen the Group’s financial position and capital structure,” he said, adding that the company will continue reshaping its asset base to maximise value. Alpha Dhabi, already the dominant shareholder, will see its stake in NMDC rise to around 77%. The Abu Dhabi-based investment group said the acquisition aligns with its focus on scaling industrial platforms tied to the UAE’s long-term economic agenda. Alpha Dhabi CEO Hamad Salem Al Ameri said the deal reflects the company’s push into high-impact industrial sectors that “align with national priorities and global trends.” UAE-based NMDC remains a major player in EPC and marine dredging, with a growing international footprint through multiple joint ventures.

28 November 2025

Ad Ports Cashes Out Of Nmdc Stake In $436M Deal

Ad Ports Cashes Out Of Nmdc Stake In $436M Deal

28 November 2025

Foxconn To Spend $569M Expanding Wisconsin Factory

Foxconn To Spend $569M Expanding Wisconsin FactoryFoxconn amended its contract with the Wisconsin Economic Development Corp. for the second time, with the modified deal providing up to $16 million in additional performance-based tax incentives, according to the regional agency’s press release. Under the modified contract, Foxconn pledged to create 2,616 jobs and make a total of $1.2 billion in capital investments through Dec. 31, 2029. The Taiwan-based company initially announced in 2017 that it was establishing a manufacturing facility and committed to investing $10 billion and creating 13,000 jobs. The facility opened in May 2021, but had remained idle since then, according to media reports. A month before the factory opening, Foxconn renegotiated its deal with the state down to a $672 million investment and only 1,454 jobs. Then, in the summer of 2023, Microsoft paid Foxconn $50 million and bought a plot of land in Racine County, Wisconsin, to build a more than $1 billion data center, which has since surpassed $7 billion to build a second data center. As of Dec. 31, 2024, Foxconn invested nearly $717 million in its Mount Pleasant campus and created 1,242 jobs, making the company qualified for $62.9 million in state tax credits, according to the Wisconsin Economic Development Corp. The company expects to see “strong visibility” for AI data server demand over the next two years and plans to expand the facilities in Mount Pleasant as well as in Texas, Kathy Yang, rotating CEO at Hon Hai Technology Group, said during the company’s second quarter earnings call in August. “We are continuing to expand in these locations, including adding AI server liquid-cooling testing capacity,” Yang said. “In addition, in California and at our Ohio campus, we will be adding capacity for cloud and networking products. Through these efforts, we aim to fully satisfy our customers’ growing demand.” The latest investment comes about a week after the Apple component supplier announced a collaboration with OpenAI. The two companies will focus on design work and U.S. manufacturing readiness for new AI infrastructure hardware, according to the Nov. 20 press release. The deal entails OpenAI sharing insights into new and developing hardware needs across the AI industry. Foxconn will use that information to help design and develop hardware to be manufactured at the company’s U.S. facilities. Additionally, the collaboration will help strengthen domestic supply chains across the United States and expedite the distribution of new AI systems. Foxconn will manufacture AI data center components, including cabling, networking, cooling, and power systems. While the agreement does not include purchase commitments or financial obligations, OpenAI will instead have early access to assess the AI systems with an option buy the products, according to the company’s press release. “As the demand for more data infrastructure continues to rise, Foxconn will keep responding to our customers’ needs with flexibility and at scale in the United States,” Jerry Hsiao, Foxconn’s chief product officer and general manager of Hon Hai USA, said in a statement Wednesday.

Manufacturing Dive

27 November 2025

Foxconn To Spend $569M Expanding Wisconsin Factory

Foxconn To Spend $569M Expanding Wisconsin Factory

Manufacturing Dive

27 November 2025