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Australia’s Fortescue to invest $8.4bn in green hydrogen in Argentina

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The Argentine government has said that Australian mining billionaire Andrew Forrest wants to invest up to $8.4 billion in ‘green hydrogen’ in the South American country.

It was disclosed after a meeting between President Alberto Fernandez and Forrest on the sidelines of the COP26 climate summit in Glasgow.

In a statement, the government said that it was expected to turn the province of Río Negro into a global green hydrogen export hub by 2030. The government called it the most important global investment for the country in the past 20 years.

The Australian businessman is a major supporter of green hydrogen, a zero-carbon fuel made by electrolysis using renewable power to split water into hydrogen and oxygen. Forrest’s Fortescue Metals Group Ltd has already announced to become carbon-neutral by 2030.

The company intends to develop the green hydrogen project in the province of Río Negro on an industrial scale, which would help create more than 15,000 direct jobs.

In a press conference alongside government officials, Fortescue Future Industries’ Latin America head Agustin Pichot said that it would be one of the company’s most important projects worldwide.

The project’s $1.2 billion pilot stage would produce 35,000 tons of green hydrogen during 2022-2024. In the $7.2 billion productive stage, some 215,000 tons of green hydrogen would be produced for at least 1.6 million homes.

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UAE announces fuel prices for June 2025

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The UAE fuel price committee on Saturday announced petrol and diesel prices for the month of June 2025.The Fuel Prices Monitoring Committee has kept the prices unchanged from the month of May.

Super 98 petrol will cost Dh2.58 a litre, compared to Dh2.58 a litre in May, while Special 95 will cost Dh2.47 a litre, compared to Dh2.47 a litre the previous month.

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E-Plus category petrol will be available for Dh2.39 a litre, compared to Dh2.39 a litre in May, while diesel will now cost Dh2.45 a litre, compared to Dh2.52 a litre the previous month.

The UAE deregulated fuel prices in 2015, aligning them with market fluctuations.

Fuel prices in the UAE are tied to movements in the global oil market, which has experienced significant volatility since the beginning of the year.

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BEYOND Expo 2025 kicks off in Macau with over 800 tech companies, investors and global innovators

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Asia’s biggest technology gathering, BEYOND Expo 2025, opened its doors on Wednesday, May 21, at The Venetian Macau’s Cotai Expo, marking its fifth anniversary with the theme “Empowering Asia, Bridging the World.” Running from May 22 to 24, the event brings together over 800 companies, 25,000 visitors, and more than 800 investors from around the world.

Covering everything from AI and HealthTech to Clean Energy, Robotics, FinTech, and SportsTech, the expo offers a glimpse into the future of innovation and how it’s shaping Asia’s global tech footprint.

The  expo also offers unique opportunities for UAE, Saudi Arabia, and other GCC countries to explore cutting-edge solutions in AI, HealthTech, Clean Energy, FinTech, and Robotics, all aligning closely with national visions like “We the UAE 2031” and Saudi Vision 2030.

The opening day drew a crowd of top tech minds who took part in a high-profile panel titled “What’s Next?” Speakers included Alibaba Cloud founder Dr. Jian Wang, Carl Pei, CEO of smartphone brand Nothing, Dr. Burt Guo of Sichuan Aerofugia, Zhaopeng Chen of Agile Robots, and Jingkang Liu, founder of Insta360.

The event also marked the launch of the BEYOND Founders Club (BFC), a new community that aims to connect Asia’s rising tech entrepreneurs and help shape the future of innovation. BEYOND Expo Co-Founder Dr. Lu Gang said the expo was created in 2021 to highlight Asia’s tech progress on a global stage. “We are thrilled to celebrate our fifth year with our largest lineup yet,” he said.

Co-Founder Jason Ho added, “Launching the Founders Club is a powerful step. We believe technology should serve humanity, and this community will help guide the next generation of tech leaders.”

Alongside the expo, a packed schedule of over 300 speakers will lead summits and forums on major trends and topics. These include the Global Investment Summit, AI Summit, Wealth Summit, Fashion Tech Forum, Gen-Z Founder Forum, and SHETECH Summit, among others.

Investment plays a major role at BEYOND Expo, with live funding events like Fund at First Pitch, where 150 companies are competing in front of more than 100 investors for the chance to secure funding. The Wealth Summit, held in partnership with the Asian Family Legacy Foundation and Greenwich Economic Forum, highlights the growing role of family offices and regional investors in shaping the global innovation ecosystem.

For innovators and investors across the Gulf region, BEYOND Expo presents a valuable opportunity to connect with global tech leaders and explore partnerships, as Gulf countries continue to diversify their economies through investments in AI, clean tech, and smart industries, events like BEYOND offer access to cutting-edge trends, emerging markets, and cross-border collaboration with Asia’s fastest-growing tech hubs.

Held at The Venetian Macau’s Cotai Expo, one of Asia’s largest MICE (meetings, incentives, conferences and exhibitions) venues, the event is supported by Sands Resorts Macau, known for its luxury hotels, shopping, dining and entertainment experiences.

For more information, visit: www.beyondexpo.com

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Dubai’s RTA invites companies to participate in tenders and auctions 

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Dubai’s Roads and Transport Authority (RTA) has announced an exciting opportunity for businesses across the UAE, including small and medium enterprises (SMEs), to engage in 116 tenders and auctions available until the end of 2025.

This initiative is part of the Dubai Government’s Public-Private Partnership Strategy 2024–2026, which is aimed at stimulating economic growth and fostering strategic collaborations within the emirate.

The tenders cover a broad range of sectors, including services, consultancy, infrastructure, insurance, outsourcing, operations and maintenance, information technology, and investment. RTA’s push to engage the business community underscores its commitment to enhancing public-private collaboration, supporting national companies, and driving innovation in various industries.

Abdulla Yousef Al Ali, CEO of the Corporate Administrative Support Services Sector at RTA, explained, “We are actively supporting Dubai’s business community through incentive-driven initiatives, including recognition programmes that celebrate major companies collaborating with SMEs.”

He continued, “To participate in RTA projects, companies need to meet specific qualification criteria, which can be easily accessed through RTA’s streamlined digital process via the Electronic Prequalification System on our official website. This system supports the development of government projects by attracting top-tier local and international companies, ensuring efficient project delivery, facilitating knowledge exchange, and developing national talent. It plays a crucial role in attracting investment and stimulating the national economy.”

The RTA’s electronic prequalification system is available free of charge, allowing companies to register by creating a username and password. Once registered, companies can select the ‘Supplier and Investor Management System’ to access the Electronic Prequalification System, where they can upload the required documents and specify their business activities of interest.

For more details on the available tenders and auctions, companies can visit the RTA website at www.rta.ae.

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