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Middle East And Africa

Alcoa shares drop 30% as aluminium market cools on Middle East supply hopes
Primary AL
Alcoa shares (ASX: AAI) have come under pressure, dropping 30 per cent over the past three weeks as aluminium prices softened on expectations that supply disruptions owing to the Middle East conflict may gradually ease. On Tuesday, Alcoa's Australian-listed shares fell 4.17 per cent to close at AUD 80.42 (USD 55.48), wiping out the gains reported earlier in 2026. The decline remained at par with another weak session for aluminium on the London Metal Exchange (LME), whereby the aluminium cash ...
China and the UAE forge a clean energy partnership to accelerate solar and battery projects in Asia, Africa and Latin America
SupplementAL
The United Arab Emirates (UAE) and China are collaborating on an increasing number of renewable energy projects across Asia, Africa, and Latin America. In this partnership model, UAE companies provide funding and project development support, while Chinese firms supply equipment, technology, and construction services.  In late 2025, UAE-based Global South Utilities began two 50 MW solar projects in the Central African Republic and Madagascar using Chinese technology. In early 2026, Abu Dhabi’s ...

SupplementAL
Siemens Energy will supply gas and steam turbine technology for the Taweelah C Independent Power Producer (IPP) project in Abu Dhabi, a 2.6 gigawatts combined-cycle natural gas power plant being developed to strengthen power supply and support the integration of renewable energy into the UAE grid. The company’s scope includes three gas turbines, two steam turbines, five generators and associated auxiliary systems. Once operational, the facility is expected to provide flexible power generation ...
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