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Reliance Industries will invest $80 billion in Gujarat green energy

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Reliance Industries

Reliance Industries signed a memorandum of understanding (MoU) with Gujarat on Thursday for an investment of 5.95 lakh crore ($80 billion). As part of the investment promotion exercise for the Vibrant Gujarat Summit 2022.

“These projects will generate 10 lakh direct or indirect job opportunities in Gujarat. The company led by billionaire Mukesh Ambani stated in an exchange filing.

“To make Gujarat net-zero and carbon-free. RIL proposes to invest 5 lakh crore in the State over 10 to 15 years to establish 100 GW Renewable Energy Power Plant and Green Hydrogen Eco-System development,” according to a company statement.

RIL stated that it would create an eco-system to help small and medium-sized businesses (SMEs). And encourage entrepreneurs to embrace new technologies or innovations that will lead to the captive use of renewable energy and green hydrogen.

Mukesh Ambani, Reliance Industries

Mukesh Ambani, Reliance Industries

RIL also stated that it has begun scouting land for 100 GW renewable energy power projects in Kutch, Banaskantha, and Dholera.

Reliance also stated that it would invest an additional 60,000 crore in establishing a new energy manufacturing-integrated renewable manufacturing facility.

RIL will also invest 25,000 crores in existing projects and new ventures over three to five years. Separately, RIL has proposed an investment of Rs. 7,500 crore in Jio Network 5G upgrade and Rs. 3,000 crore in Reliance Retail. Meanwhile, RIL shares closed 0.59 percent higher on the BSE at 2,535.35.

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Will Oil Prices touch triple Digits in 2022? If it reaches what will the effect on growing nations.

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Oil slipped towards $84 a barrel, the first weekly loss in about two months.

The Crude has been hovering around $88 per barrel since the last 2021 ending. Can we see Oil Prices touch triple digits in 2022? If it goes there, what will impact growing nations like India and all?

oil price per barrel near 88

Market sentiments in the oil market are upbeat. Demand may rise as omicron’s fear is getting lesser with time. Now the question is will we see oil prices touch triple digits in 2022.

Last year from November 2022, we have to see the Global benchmark brent crude jump by 25%. It is around $88 per barrel from November 2022. Market analysts suggest demand will grow. Omicron’s fear is getting lesser now, which will spark demand, and Oil prices may increase in 2022.

However, prices fell towards the end of the year as new variants emerged, and conditions were placed again in several nations to contain the Omicron variant’s spread. Prices began rising at the close of the year, gaining permission from the record highs achieved in financial market indicators. Gains were supported by the reopening of economizing and anticipated faster economic development in the near term.

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EXPO 2020 Dubai changing luck of Pakistan. Billions of Investment in Khyber Pakhtunkhwa.

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valley in khyber pakhtun pakistan

At last, some good news is coming for Khyber Pakhtunkhwa. They will see growth in their region. EXPO 2020 Dubai changing luck of Pakistan.

khyber Pakhtun pakistan

khyber Pakhtun pakistan

 

As per the latest news, more than 40+ deals have been made for the Khyber Pakhtun region of Pakistan. That place of Pakistan is a fantastic location, and tourism investors can earn a lot from it. So we can say that EXPO 2020 Dubai changing  luck of Pakistan. 

Investment in Pakistan:

More than $8 Billion investment in the Khyber Pakhtun area and Pakistan will boost Pakistan’s economy. This nation has passed through many ups and down over the past few decades. It’s high time for some good investment to change the fortunes of new generation Pakistanis. Dubai EXPO is where they are getting a deserving response from investors worldwide. The first location which everyone loves is Khyber Phaktun. 

Khyber Pakhtunkhwa of Pakistan:

With this investment, Khyber Pakhtunkhwa (KPK) will become the next business hub of Pakistan. Many don’t know that it is the third-largest Pakistani province in population. All the people in this region will be happy with this great news. Every Pakistani will be satisfied with this great news. Pakistan is a nation that needs to improve in many departments. Their name has been deemed due to many reasons. The main thing is terror groups. With this kind of investment in Pakistan, people’s trust will come back in Pakistan. But here, Pakistanis have to ensure that no new problem stops their projects in Pakhtun’s area. 

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By 2025, Dubai hopes to host 400 global economic events per year

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Dubai hopes to host 400 global economic events

Dubai is set to benefit from another year of successful global event bidding activity By 2025.

It secures 120 international business events for 2021 and beyond; Major association, corporate, also incentive travel program events are coming to Dubai as the city leads the global recovery. By 2025 Dubai’s business events sector also broader economy are set to benefit from another year of successful bidding led by Dubai Business Events (DBE). The city’s official convention bureau.

DBE has captured around 120 events for the year 2021 and beyond in collaboration with stakeholders from the public or private sectors.

These events, including conferences, meetings, and incentive travel programs, attract nearly 70,000 key opinion leaders, scientists, government officials. And other experts, putting Dubai at the center of global conversations about the recovery of critical sectors and professions, innovation, and economic growth.

400 global economic events per year

400 global economic events per year

The strong performance, achieved despite ongoing disruption to the global business events sector. This is primarily due to international recognition of Dubai’s handling of the Covid-19 pandemic. After organizers’ original dreams elsewhere in the world could not come to fruition. Also Dubai provided a viable and appealing alternative for hosting many events held over the past 15 months and is now in the pipeline.

“Led by His Highness Sheikh bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. The city’s response to the pandemic and rapid economic recovery have been recognize. By the global business community.” In addition to becoming a preferred destination for businesses, associations. And talent across a wide range of sectors and professions. Dubai has emerged like a preferred destination for events of all sizes. According to Helal Saeed Almarri, director-general of Dubai’s Department of Economy and Tourism.

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