L&T lands key Middle East grid infrastructure contracts
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Trade Arabia
4 days ago
- Trade Arabia
AMEA Power joins Phase II of $291m Morocco desalination project
Dubai-based AMEA Power has announced its entry into the second phase of the Agadir desalination project in Morocco. The facility will be powered by its 150MW wind project in Laayoune, which is being co-developed with Cox. One of the fastest growing renewable energy companies in the region, AMEA Power boasts a clean energy pipeline of over 6GW across 20 countries. The first phase of the project was developed by Cox, a global leader in water and energy management, while the second phase will be delivered through a joint venture, with AMEA Power joining the project and supplying renewable energy through its co-developed wind farm. Once operational, it will become the company's first water desalination plant in Africa, said the company in a statement. This project is the first to be executed under the strategic joint venture agreement signed in May between AMEA Power and Cox. It reflects the shared ambition of both companies to deliver integrated infrastructure projects where access to water and energy are deeply interconnected. Upon completion of the expansion, the Agadir desalination plant will reach a total capacity of 400,000 cu m/day, making it one of the largest desalination facilities in Africa. The total investment for the second phase of the desalination project and the associated wind power facility is expected to exceed €250 million ($291 million). The desalination expansion is expected to be operational between 2026 and 2027, with the wind farm coming online in 2027. AMEA Chairman Power Hussain Al Nowais said: "Our entry into the second phase of the Agadir desalination project in Morocco, under the Water Alliance Ventures platform, reflects AMEA Power's ambition to address both water and energy challenges through integrated solutions." "This project is not only our first entry into the water sector in Africa – it is also a powerful example of what long-term partnerships can achieve for sustainable development across the region," noted Al Nowais. The project also reaffirms AMEA Power's commitment to Morocco, a core market in the company's long-term strategy. With several clean energy projects already under development, he added.-TradeArabia News Service
Gulf Insider
6 days ago
- Gulf Insider
Trump Calls India, Russia "Dead Economies" Tariff Standoff
President Trump first announced his tariff 'Liberation Day' in April, and the measures are now set to take effect tomorrow. While countries like Europe, Japan, and South Korea have capitulated to the Trump administration's mounting pressure and signed trade deals, others, such as India, remain holdouts. In response, Trump lashed out on Truth Social media early Thursday morning, labeling India a 'dead economy' and claiming the U.S. does 'very little business' with the country. 'I don't care what India does with Russia. They can take their dead economies down together, for all I care,' Trump wrote on his social media platform. He continued, 'We have done very little business with India, their Tariffs are too high, among the highest in the World,' adding, 'Likewise, Russia and the USA do almost no business together. Let's keep it that way, and tell Medvedev, the failed former President of Russia, who thinks he's still President, to watch his words. He's entering very dangerous territory!' On Wednesday morning, Trump fired off another Truth Social post about India, indicating New Delhi faces 25% tariff plus penalties starting on Friday. He criticized India's close ties to Moscow during the Ukraine war, describing them as 'not good,' and emphasized that the U.S. has done relatively little business with India. It remains unclear whether U.S. and Indian trade negotiators can reach a deal before the deadline. However, Trump's comments on Truth Social suggest the talks are not going well. A statement from the Indian government yesterday pointed out that a trade deal with the U.S. must be 'mutually beneficial' and protect its farmers and small businesses. According to analysts at Mumbai-headquartered Axis Bank, 25% tariffs on Indian goods would have a $10 billion impact on exporters. Société Générale analyst Kunal Kundu said the tariffs could 'dampen domestic sentiment' and 'expectation of maintaining a relative tariff advantage over competitors in labour-intensive exports has been undermined.' He noted that 'disadvantage is not excessively severe.' 'Trump's causing a lot of trouble for Modi,' said Derek Grossman, a former U.S. intelligence official who is now a professor of international relations at the University of Southern California, who Bloomberg quoted. 'A lot of damage has been done today, more than at any time I can remember,' Grossman added. 'I'm not saying that the relationship is going to collapse or anything like that. It'll persist, but I feel like India will be far more circumspect in dealing with America from this point forward.' So much for all those signs of progress in April when Vice President JD Vance visited India. Vance at the time called a US-India relationship a 'win-win partnership' and sought stronger ties with New Delhi in energy and defense trade. Important to note: India and Russia are part of the BRICS system, challenging the US status quo. Also read: Declassified Documents Confirm Hillary Clinton Plan To Smear Trump, Use FBI
Daily Tribune
27-07-2025
- Daily Tribune
Modi renews ties with Maldives
Indian Prime Minister Narendra Modi wrapped up a visit to the Maldives yesterday, renewing ties by offering infrastructure projects and vital financial assistance to the cash-strapped Indian Ocean nation. Regional powerhouse India had been concerned that its small, yet strategically located neighbour was drifting towards the orbit of its rival China following the 2023 election of President Mohamed Muizzu on an anti-India platform. Since coming to office, Muizzu has secured the withdrawal of a small contingent of Indian military personnel who operated search-and-rescue aircraft in the archipelago. During his two-day trip, Modi also inaugurated a new defence ministry headquarters and several India-funded infrastructure projects, including roads and a 4,000-unit housing scheme. But he has since toned down his anti-India rhetoric, and on Friday he touted the two nations' collaboration on security and trade. "India has long stood as the Maldives' closest and most trusted partner," Muizzu said in a banquet speech alongside Modi, whom he met with twice last year. "We deeply value the friendship of India and are grateful for the timely assistance your country has extended to us in moments of need," Muizzu added. Shortly after his arrival on Friday, Modi unveiled a $565 million credit line for the Maldives, which is facing a severe foreign exchange shortage despite its thriving tourism industry. India also reduced annual repayments of an earlier credit line from $51 million to $29 million, and the two sides discussed a potential free-trade agreement. Muizzu said the new credit line would bolster the Maldives' security forces, and improve healthcare, housing and education. Modi's visit had set "a clear path for the future of Maldives-India relations", Muizzu wrote on X on Saturday as the Indian leader left the capital Malé after 60th Independence Day celebrations. "Our relationship continues to grow, shaped by people-to-people ties and cooperation in various sectors," Modi wrote in his own post on X. "India remains committed to supporting the aspirations of the Maldivian people." Known for its luxury tourism and pristine beaches, the Maldives is also a geopolitical hotspot, with key global shipping lanes passing through its 1,192 islands, stretching across 800 kilometres (500 miles) of the equator. China and India are the Maldives' two largest bilateral lenders.
