PR Newswire

    Wison Engineering (Stock Code: 2236.HK) announced that it has been awarded the US$3.9 billion Engineering, Procurement and Construction (EPC) contract for Phase 2 (New Natural Gas Processing Train at Habshan) of the Rich Gas Development (RGD) Project by ADNOC Gas, the gas-processing subsidiary of Abu Dhabi National Oil Company (ADNOC), in addition to a 220KV switch station. The total contract is valued at approximately US$4.04 billion. The RGD Phase 2 award is the largest EPC contract in Wison Engineering’s history. It represents a landmark achievement in the company’s continued expansion across the Middle East and reflects ADNOC Gas’ recognition of Wison’s engineering expertise, project management and delivery capabilities. The award marks a new milestone in Wison’s ability to serve top-tier international energy clients and to deliver large-scale, complex oil and gas projects. Located in the Habshan area of Abu Dhabi, the RGD Phase 2 project will see Wison Engineering build a new, large-scale natural gas processing train for ADNOC Gas. The scope includes gas pipelines, separation and condensate stabilization units, acid gas removal units, and the core deep natural gas liquids (NGL) recovery units — a complete set of critical process facilities in addition to a 220KV switch station. Once operational, the new train will expand ADNOC Gas’ natural gas processing capacity, enhance operational

    DoGo Power has been presented with the 2026 Top Innovation Award by EUPD Research, a leading European research authority, for its fully self-developed 4S grid-forming energy storage technology. The honor marks official industry recognition of DoGo Power’s innovation capabilities. EUPD Research is one of the most credible third-party research and certification bodies in the global photovoltaic and energy storage sector, with a research network spanning Europe, the Americas, Asia-Pacific and the Middle East. Launched to honor manufacturers that have made outstanding progress in driving energy transition and sustained innovation, the Top Innovation Award commends exceptional technical strength and breakthrough innovative achievements, and serves as a core benchmark for measuring the technological innovation excellence of new energy enterprises.

    CBS cut its total carbon emissions by 8.06% against its FY2023 baseline in the year to May 2025 (FY2025). Scope 1 and 2 emissions, which cover CBS’s own operations, dropped 87.8% over the same period following a shift to renewable energy procurement, bringing electricity emissions to zero on a market basis. Scope 3 emissions, those generated across the company’s supply chain, which account for more than 99% of its total carbon footprint, fell 7.47% against the FY2023 baseline and 26% in a single year (FY2025). The reductions came largely from increased use of recycled content in products and lower embodied carbon across key top-selling products.

    POWERCHINA highlighted its long-standing role in South Africa’s energy and infrastructure development as the two-day South Africa-China Electricity and Energy Investment Conference opened at its Beijing headquarters on Aug. 3. Organized by South Africa’s Department of Electricity and Energy and the South African Embassy in China, with support from POWERCHINA, the event brought together more than 260 government, finance and industry representatives to explore over R2.2 trillion in investment opportunities through 2039 under South Africa’s Integrated Resource Plan 2025, spanning generation, transmission, energy storage and related manufacturing.

    Tencent Cloud provides Alsaif Gallery with stable and highly cost-effective cloud services hosted in its local cloud infrastructure in Saudi Arabia, enabling the retailer to seamlessly deploy its self-developed enterprise AI agent. By leveraging Tencent Cloud’s local infrastructure, Alsaif Gallery benefits from reduced latency, enhanced user experience, and support for data localization requirements in compliance with Saudi Arabia’s local regulations.

    Organized by South Africa’s Department of Electricity and Energy and the South African Embassy in China, with support from POWERCHINA, the event brought together more than 260 government, finance and industry representatives to explore over R2.2 trillion in investment opportunities through 2039 under South Africa’s Integrated Resource Plan 2025, spanning generation, transmission, energy storage and related manufacturing.

    Centered on the theme “Light Up Living,” the campaign marks an important evolution in how Himel presents its residential offering. Rather than spotlighting a single hero product, Dream Home brings together a broad portfolio of wiring devices, EV charging solutions and other home electrical products to demonstrate how connected technologies can support every stage of modern living — from everyday convenience inside the home to a more sustainable lifestyle beyond it.

    Attovia Therapeutics, a portfolio company of Qiming Venture Partners and clinical-stage biopharmaceutical leader, successfully listed on the Nasdaq on August 5, 2026 Beijing time. Attovia Therapeutics (Nasdaq: ATTO) issued shares at a price of $17.00 per share and opened at $21.00 per share, with an approximate market capitalization of $904 million. Commencing operations in 2023, Attovia develops next‑generation biotherapeutics for immune‑mediated diseases with high unmet medical needs. All of Attovia’s product candidates are discovered on its ATTOBODY biologics platform, which is licensed under an exclusive worldwide license from Alamar Biosciences, also a portfolio company of Qiming Venture Partners. Leveraging an evolution‑based high‑throughput workflow, the platform enables rapid discovery of highly diverse candidates that can be assembled into monospecific, bispecific and trispecific biologics.

    The partnership comes at a pivotal time as East Africa experiences a significant surge in Chinese tourism and strengthening commercial ties. By integrating UnionPay into Pesapal’s EMV-compliant POS infrastructure, local merchants are uniquely positioned to benefit from the growing China-Africa trade corridor: Access to one of the world’s largest cardholder networks eliminates payment friction for high-value global consumers and business travelers, reducing transaction barriers and driving cross-border revenue growth for local businesses with confidence and efficiency.

    LG Electronics (LG) is inviting consumers from around the world to visit its exhibition at IFA 2026 in Berlin, Germany, from September 4 to 8. Under the theme “Innovation in Tune with You,” LG will showcase its AI Home vision, powered by “Affectionate Intelligence,” through integrated solutions that orchestrate connected experiences across customers’ living spaces, lifestyles and everyday routines. At IFA 2026, LG will unveil the next evolution of its AI Appliances Orchestra concept, showcasing an expanded, AI-powered connected ecosystem that builds on the debut of the concept last year. The booth will bring products, services and AI-powered experiences together to illustrate how LG’s solutions can work in harmony to make life more convenient, personalized and efficient for European consumers.

    Award-winning online trading platform Mitrade Group is rolling out an upgraded MitradeGPT model to traders across the Middle East and North Africa (MENA) after receiving Global Business Magazine’s 2026 AI Broker of the Year award. The launch comes as growing use of AI in financial research raises questions about the accuracy, context and reliability of generated information. That reliance is evident in HSBC’s 2026 research involving UAE investors. It found that 83% of respondents use AI for finance and investment decisions, including 78% who use it for analysis and research. For brokers embedding AI, the challenge is not simply speed but presenting information accurately and in context. Previously available as a standalone research tool, MitradeGPT is now integrated into the platform’s news section. It summarises and groups related coverage, classifies news stories as bullish, bearish or neutral, and gives traders a broader view of news surrounding an instrument without switching tools. “As more traders use AI to interpret financial information, the industry has a responsibility to apply it carefully,” said Kevin Lai, vice president of Mitrade Group. “The value of AI lies in helping traders understand more information in less time without sacrificing accuracy or context. Our priority is to make market research more accessible while giving traders a broader view of the news and viewpoints surrounding the instruments they follow.”

    The Global Environment Facility (GEF) Council today announced the selection of Diego Mesa Puyo as the family of funds’ next CEO and Chairperson. Mesa Puyo, an international leader in energy policy, economic development, and sustainability, and former Minister of Energy and Mines from Colombia, will serve an initial term of four years, aligned with the GEF-9 funding period and the last sprint towards critical 2030 environmental goals. Before his selection as the GEF’s next CEO and Chairperson, Mesa Puyo served as Deputy Chief of the Climate Policy Division of the International Monetary Fund. As Colombia’s Minister of Energy and Mines in the 2018-2022 administration, he led one of Latin America’s most ambitious energy transition agendas, launching market reforms that mobilized more than $3 billion in private investment and accelerated the deployment of variable renewable energy from near-zero levels to one of the fastest-growing clean energy markets in the region. He also played a central role in advancing energy transition and climate action legislation, embedding sustainability objectives in economic and development policy. “I am deeply honored to serve as the next CEO and Chairperson of the Global Environment Facility at this pivotal moment for the international community,” Mesa Puyo said. “Countries need trusted partners that can help turn ambition into action. Building on the GEF’s remarkable legacy, I look forward to working with the Secretariat, member countries, and partners around the world to achieve environmental and development goals together by integrating solutions, catalyzing

    Envision Energy, a global leader in green technology, today announced a collaboration with Sasol, a global energy and chemicals company, to advance the design study of a potential green hydrogen system at Sasol’s Sasolburg operations in South Africa. The collaboration marks an important step in exploring how future energy system can integrate renewable power, energy storage and electrolyser technologies to unlock new pathways to support the development of lower-carbon fuels and chemicals, including potential applications in eMethanol and sustainable aviation fuel (eSAF).

    Skye Africa Intelligence (Pty) Ltd (“Skye”) and the East, Central and Southern Africa Health Community (“ECSA-HC”) today announced a Memorandum of Understanding establishing a regional partnership to deploy AI-enabled health solutions across the ECSA-HC membership, announced on the sidelines of the 16th ECSA-HC Best Practice Forum, taking place from 2 to 7 August 2026 in Manzini, Eswatini.

    TONGWEI, a global leader in renewable energy and one of the world’s largest integrated photovoltaic manufacturers, has once again secured a place on the 2026 Fortune Global 500, ranking No. 464 globally. This marks the fourth consecutive year that TONGWEI has been included in the prestigious ranking, recognizing its strong manufacturing capabilities, business resilience, and continued growth in the global clean energy market.

    China Petroleum & Chemical Corporation (HKG: 0386, “Sinopec”) has commissioned a specialty polyvinyl alcohol (PVA) resin facility with an annual production capacity of 50,000 metric tons at its subsidiary, Chongqing SVW Chemical Co., Ltd. The facility achieved stable operation during its initial startup and produced products that met quality specifications, with the first shipment already sent to Europe. The new facility increases the site’s total PVA production capacity to 210,000 metric tons per year, making it the world’s largest single-site production base for high-end PVA.

    On July 30, 2026, the opening ceremony for Wison’s Abu Dhabi subsidiary and its new office was held in Abu Dhabi, the capital of the United Arab Emirates. Since establishing its first overseas office in Saudi Arabia in 2008, Wison has been actively involved in energy engineering projects across the Middle East, steadily building its regional market expertise and international project execution capabilities. The establishment of the Abu Dhabi subsidiary and the opening of its new office mark a significant step in Wison Engineering’s strategy to deepen its presence in the Middle East and advance its internationalization efforts.

    Discussing how to move innovation from the laboratory to commercial deployment, Li argued that real-world industrial settings should determine technology priorities. He cited partnerships with XCMG Group and Australian mining giant Fortescue as examples. Together they are creating integrated green value chains linking mines, railways and shipping—for example, using renewable energy to power electric locomotives and producing ammonia and methanol from renewable hydrogen for marine fuel. These system-level applications, Li said, create the real-world demand that drives innovation.

    The Africa Business Investment Summit (ABIS) 2026 takes place on August 27-28, 2026, at MGM National Harbor, Washington DC Metro Area under the Patronage of His Majesty Otumfuo Osei Tutu II, King of the Asante Kingdom, in partnership with the Millennium Excellence. A gathering of investors, business executives, and African government officials will place approximately $4 billion in investment opportunities before global institutional capital, reflecting a growing interest in the continent as investors look beyond traditional developed markets for higher returns, diversification, and long-term growth. The Summit will open with a royal keynote from the Asante King Otumfuo Osei Tutu II, and feature institutional investors, private equity and private credit firms, multilateral development institutions, blended finance organizations, development finance institutions, sovereign representatives, policymakers, family offices, and business leaders to explore investment opportunities across infrastructure, mining, natural resources, agriculture, manufacturing, technology, energy, and other strategic sectors.

    UGREEN, a leading global consumer technology company, today introduces its new Nexode and MagFlow Air Editions, a collection of ultra-portable charging solutions tailored for Apple users. The Air Editions combine compact design, powerful performance, and dependable safety, delivering truly pocket-sized fast charging for life on the go. At the forefront is the Nexode Air 65W Charger, a compact yet powerful solution for MacBook Air users. Despite its pocket-size, it delivers up to 65W of stable fast charging. Beyond MacBook Air, it also provides ample power for iPhone, iPad, AirPods, and other Apple devices, making it a versatile companion for both work and travel. UGREEN also offers the Nexode Air 65W Charger Slim as an ultra-portable alternative, featuring a three-device charging capability for added convenience on the go. Both products are equipped with UGREEN’s Thermal Guard™ temperature control and offer broad compatibility across Apple devices, ensuring safe and reliable charging in a compact form. Away from an outlet, the MagFlow Air Magnetic Power Bank 10000mAh 15W provides seamless on-the-go charging. Its Qi2-certified 15W magnetic charging enables effortless use, while a built-in USB-C cable and additional USB-C port offer flexibility. Powered by premium ATL battery cells, it ensures enhanced safety and reliable performance. For users who prioritize lighter carry, the MagFlow Air Magnetic Power Bank 5000mAh 15W offers an even slimmer and lighter design

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    Eco-friendly vehicles provided the strongest lift to South Korea’s auto exports during the month. Their export value increased 25.5% from a year earlier to US$2.59 billion. Electric and hydrogen vehicle exports rose 31.9% to US$940 million. Hybrid exports advanced 22.2% to US$1.65 billion. By contrast, exports of internal combustion engine vehicles fell 3.1% to US$3.65 billion. Eco-friendly models accounted for about 41.5% of the country’s total automobile export value in July.