Paris / Reuters Iran is assessing whether to apply for associate membership of the ITER multi-national nuclear fusion project, its director said, just a year after Tehran struck a deal with six world powers to curb its own atomic programme. The International Thermonuclear Experimental Reactor (ITER) project, which was launched 10 years ago by Europe, United States, China, India, …

  Riyadh / Reuters A consortium of electricity companies led by Saudi Arabia’s ACWA Power has completed refinancing of more than $1.825 billion in debt for its Rabigh 1 power project, ACWA Power said. The consortium, which includes state-run Saudi Electricity Company (SEC) and Korea Electric Power Corporation (KEPCO), runs the 1240 MW fuel oil-fired plant on the western coast …

  Riyadh / TNS While total number of retirees from government jobs declined to lowest levels in 2015, early retirement rates among public sector employees increased as compared to 2014. A recent report by General Organization for Retirement revealed a 7.5 increase in early retirement among government sector employees last year. According to report, the percentage of new retirees, as compared …