Author: Business Enquirer
As part of its ambition to reignite the UK’s manufacturing engine, the government has unveiled a sweeping 10-year Industrial Strategy designed to slash industrial energy costs, boost high-growth sectors, and restore Britain’s standing as a modern industrial powerhouse. Framed as a “turning point” by Prime Minister Keir Starmer, the strategy hinges on a bold promise: make electricity cheaper, modernise supply chains, and drive innovation, all while keeping taxpayer costs in check. Under the British Industrial Competitiveness Scheme, energy-intensive industries such as automotive, chemicals, aerospace, and glassmaking will see electricity bills drop significantly, by as much as 25% starting in 2027.…
As geopolitical tensions flare in the Gulf, fears are mounting over a scenario that could send global energy markets into chaos: Iran potentially shutting down the Strait of Hormuz, the narrow maritime artery through which nearly one-fifth of the world’s oil supply flows. Wedged between Iran to the north and Oman and the UAE to the south, the Strait of Hormuz spans just 33 kilometres at its narrowest point. Yet its importance to the global economy is enormous. On average, 20 million barrels of crude oil, worth roughly $600 billion annually, pass through its waters each day, en route from…
In a discovery that could redefine the global mining landscape, geologists in Australia have unearthed the world’s largest known iron ore deposit, an astonishing geological jackpot estimated to be worth $6 trillion. The deposit lies deep within Western Australia’s arid Pilbara region, long known as a rich mining frontier. A team of researchers from Curtin University uncovered the find in the remote Hamersley area, revealing an estimated 55 billion metric tons of high-grade iron ore beneath the surface. What sets this find apart isn’t just its scale, but its exceptional quality: iron concentrations exceed 60%, placing it well above the…
Riyadh, In a landmark step toward transforming its industrial landscape, SIDF Investment Company (SIC), the investment arm of the Saudi Industrial Development Fund, has entered into its first international private equity alliance with Investindustrial, a leading European private equity firm with €17 billion under management. The agreement marks a major stride in aligning global capital with Saudi Arabia’s Vision 2030 goals, aiming to accelerate the Kingdom’s push toward localised advanced manufacturing and greater integration of domestic small and medium-sized enterprises (SMEs) into global value chains. Announced in Riyadh at a high-level signing ceremony attended by Prince Sultan bin Khaled, vice…
In the shimmering heat of Oman’s desert, a quiet revolution is underway. Far from the towering rigs of its oilfields and the traditional souks of Mutrah, the Sultanate is preparing to export a new kind of energy, one not pumped from beneath the earth, but drawn from its sunlit skies and restless winds. Oman is betting big on green hydrogen, and its ambitions are rapidly turning heads across the global energy sector. As the world scrambles to meet ambitious climate targets and transition away from fossil fuels, green hydrogen, produced using renewable electricity and water, has emerged as a key…
Ambitious 30-Month Project to Nearly Double Passenger Capacity at Larnaka and Pafos Airports, Cyprus is entering a new era of aviation infrastructure development as a consortium led by Bouygues Bâtiment International, in partnership with local construction firm Iacovou Brothers, has been awarded a landmark €170 million design-and-build contract to deliver Phase 2 extensions at the nation’s two primary airports: Larnaka International Airport and Pafos International Airport. The transformative project is being spearheaded by Hermes Airports, the private operator responsible for managing both airports under a long-term concession agreement with the Republic of Cyprus. The expansion aims to significantly increase both…
The Southeast Asian carrier tightens its grip on the global budget aviation market with another Skytrax triumph. In a resounding affirmation of its industry dominance, AirAsia has been named the World’s Best Low-Cost Airline for the 16th consecutive year at the 2025 Skytrax World Airline Awards. The accolade, widely considered the gold standard in global aviation, cements AirAsia’s place at the forefront of affordable air travel on an international scale. Despite shifting market dynamics, post-pandemic travel rebounds, and fierce competition, AirAsia continues to soar above the rest, offering millions of passengers access to budget-friendly fares without compromising on service quality…
In a turning point for global energy consumption, the International Energy Agency (IEA) has forecast that oil demand will decline slightly by 2030, marking the first drop in consumption since the economic shock of the COVID-19 pandemic in 2020. In its latest “Oil 2025” report released Tuesday, the Paris-based agency projects that after peaking at 105.6 million barrels per day (bpd) in 2029, global oil demand will taper to 105.5 million bpd by the following year. The slowdown comes amid a confluence of long-term structural shifts: sluggish economic growth, persistent geopolitical trade tensions, the global rise of electric vehicles, and…
MOOSE JAW, Saskatchewan’s mining industry is gearing up for a major growth cycle, and Moose Jaw recently found itself at the centre of the conversation. During a special event marking Saskatchewan Mining Week, K+S Potash Canada unveiled a bold expansion roadmap for its flagship Bethune mine, promising to significantly scale up production to meet surging global demand for fertiliser. Speaking at a business breakfast hosted at the Holiday Inn Express & Suites, and organised in partnership with the Moose Jaw & District Chamber of Commerce, Darren Hrynkiw, General Manager of the Bethune operation, delivered a keynote titled “Ramp-Up: Expanding Capacity…
In a move that could redefine the future of renewable energy, Japanese scientists have unveiled a new generation of ultra-thin, flexible solar panels made from perovskite, an innovation hailed as a potential game-changer for global power systems. If successfully scaled, these lightweight, adaptable panels could generate electricity on par with 20 nuclear reactors by 2040. The breakthrough marks a pivotal shift in solar technology, as nations scramble to decarbonise amid escalating energy demands and climate imperatives. At the heart of this innovation is perovskite, a crystalline compound that absorbs light more efficiently than traditional silicon. According to Japan’s Ministry of…