Japanese banks sign joint loan to fund Qatar’s biggest mega solar power plant

The Japan Bank for International Cooperation (JBIC) and Mizuho Bank have signed a syndicated bank facility worth $330 million to fund the construction of Qatar’s first mega solar power plant, Japan Times reports. “This loan is expected to contribute to Read more

Oman sets mid-2021 to launch operations of biggest solar plan

Oman will launch operations of its biggest solar plan, Ibri II, by mid-2021, Trade Arabia reports. The project located in near Ibri, the capital of the Dhahirah Governorate, is currently under construction. Acwa Power, Gulf Investment Corporation (GIC) and Alternative Read more

Beirut blasts: Lebanon’s Central Bank freezes assets of heads of Beirut port, customs officials

Lebanon’s Central Bank has ordered the freeze of accounts of heads of Beirut port and several individuals including those of Lebanese customs along with five others, in the wake of the Beirut port warehouse blast, Reuters reports. The bank through Read more