KUWAIT CITY, Feb 23: Gold prices continued their upward trajectory last week, closing at $2,935 per ounce amid rising geopolitical tensions and shifts in U.S. trade policy, according to a report by Kuwaiti company Dar Al-Sabik released on Sunday. The report noted that gold recorded its eighth consecutive weekly gain, rising 1.8% from the previous
Saudi Arabia’s utility giant ACWA Power has agreed to buy the stakes of France’s Engie in four gas-fired power plants and water desalination facilities in Bahrain and Kuwait for a combined $693 million. The acquisition, viewed as strategic by the Saudi group, includes an operating capacity of 4.61 gigawatts (GW) of gas-fired power generation and
Saudi Arabia’s integrated utility ACWA Power has signed a share purchase agreement (SPA) with the regional subsidiary of French utility developer ENGIE, to acquire assets worth $693 million, and marking its entry in Kuwait. The acquisition encompasses operating capacities of 4.61GW of gas-fired power generation and 1.11 million cubic meters per day (m3/day) of water desalination facilities,