News in Brief
Bitcoin, ether slide
CNBC – Cryptocurrency prices fell on Friday as investors weighed the latest financial woes at Silvergate Capital and assessed what a potential bankruptcy at the crypto bank could mean for the broader crypto industry.
Bitcoin dipped by more than 5% to $22,261.22, according to Coin Metrics. Ether lost 5.5% and traded at $1,555.37.
Saudi Arabia to build two solar plants in Uzbekistan
REUTERS – Saudi Arabia’s ACWA Power will build two solar plants in Uzbekistan with a total capacity of 1.4 gigawatts and three power storage systems with a combined capacity of 1.2 gigawatts, Uzbekistan’s Energy Ministry said on Saturday.
The two parties have signed investment agreements on the project worth $2.5b and deals under which Uzbekistan will buy power from the facilities, the ministry said in a statement.
Eni signs cooperation accord with UAE’s ADNOC
REUTERS – Italian energy company Eni has signed an accord with Abu Dhabi National Oil Co (ADNOC) for cooperating in promoting the energy transition as Prime Minister Giorgia Meloni visits the UAE, WAM said.