UK announces Europe’s first high-tech uranium fuel plant
HALEU fuel is needed to power many of the next generation of advanced nuclear reactors, including so-called small modular versions...
Geostrategy
Russia redirected most oil exports to China and India, says Novak
After President Vladimir Putin sent troops to Ukraine in February 2022, Western countries hit Russia with a slew of sanctions including a...
Geostrategy
Business
Saudi Arabia and Italy to explore investment opportunities
Saudi Arabia’s Ministry of Investment will host a high-level Italian business delegation on Monday to explore mutually beneficial investment opportunities....
- An Italian delegation led by Italian Minister for Foreign Affairs Luigi Di Maio will visit the kingdom.
- Private sector representatives from multiple organizations from both countries will participate in the forum.
Geostrategy
Iran says indirect nuke deal talks with US to resume this week
Talks to revive the nuclear deal began in Vienna in April last year but hit a snag in March this...
- The negotiations will be separate from broader talks in Vienna between Iran and major powers that are mediated by the EU.
- The nuclear deal has been hanging by a thread since 2018, when then US president Donald Trump unilaterally withdrew from it.
Economy
UAE’s Ministry of Energy and Infrastructure wins DACA Awards
The UAE Ministry of Energy and Infrastructure received the 'Sustainability Leader in Shipping' award and a 'Decarbonization Champion in Power...
- The UAE Ministry of Energy and Infrastructure was received the Sustainability Leader in Shipping award
- The ministry also got a Decarbonization Champion in Power Sector award during the Decarbonization and Climate Action Awards
Alpha Dhabi’s ‘W Solar’ to invest in Libya renewable energy
The company, a subsidiary of Alpha Dhabi Holding, signed an MoU with the General Electricity Company of Libya.
- The company, a subsidiary of Alpha Dhabi Holding, signed an MoU with the General Electricity Company of Libya
- By 2030, Libya aims for 22 percent of electricity generation to come from renewable energy
Economy
Abu Dhabi explores clean energy solutions in Canada
The UAE delegation’s visit to Canada comes at a time when the UAE is preparing to host the 28th United...
- The UAE delegation’s visit to Canada comes at a time when the UAE is preparing to host the 28th United Nations Climate Change Conference of the Parties (COP28) next year
- The conference will focus on upholding climate commitments, inclusion for all, and collaboration towards implementing concrete measures and developing practical solutions
Geostrategy
Energy shock tests G7 leaders’ climate resolve
Leaders of the Group of Seven rich nations will be under pressure to stick to climate pledges in Bavaria from...
- Germany, Europe's biggest economy will burn more coal to offset a drop in Russian gas supplies amid deteriorating ties over the war in Ukraine
- Thousands of people marched in the city of Munich on the eve of the summit to urge G7 leaders to do more to fight climate change
Geostrategy
Talks on stalled Iran nuke deal to begin in few days
France, one of the six world powers that agreed the 2015 deal, had on Friday appealed to Iran to "seize...
- EU's foreign policy chief Josep Borrell had a two-hour meeting with Iran's Foreign Minister Hossein Amir-Abdollahian
- The Iran nuclear deal has been hanging by a thread since 2018, when then US president Donald Trump unilaterally withdrew from the accord
Geostrategy
DEWA, Azerbaijan discuss bilateral ties, energy, business prospects
DEWA and Azerbaijan discuss investment in oil exploration and production projects, crude oil trading and reviewed issues of mutual interest...
- DEWA , Azerbaijan discussed investment in oil exploration and production projects, crude oil trading
- The two sides reviewed issues of mutual interest in the energy sector and long-term investment opportunities
Geostrategy
Abu Dhabi officials in Canada to discuss clean energy solutions
A delegation from the Abu Dhabi Department of Energy (DoE) is visiting Canada to meet senior government officials and stakeholders...
- Department of Energy officials in Canada showcase Abu Dhabi’s experience in promoting energy efficiency and sustainability
- The officials discuss opportunities for collaboration in energy efficiency and advanced clean energy solutions
Economy
Big Oil meeting with US govt cordial but no gas price fix
High prices at the pump are weighing on American consumers and damaging President Joe Biden's approval rating.
- High prices at the pump are weighing on American consumers and damaging President Joe Biden's approval rating
- Biden and the oil industry have an uneasy relationship, in part over the White House's efforts to restrict drilling in some federal areas
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UK announces Europe’s first high-tech uranium fuel plant
HALEU fuel is needed to power many of the next generation of advanced nuclear reactors, including so-called small modular versions...
Geostrategy
Company News
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Saudi Arabia, Japan issue joint statement on Lighthouse Initiative for Clean Energy Cooperation
RIYADH, SAUDI ARABIA – Saudi Arabia and Japan issued a joint statement on Lighthouse Initiative for Clean Energy Cooperation. The...
Geostrategy
Most Read
Economy
Prices for utilities, fuels rise 9 percent in June in Saudi Arabia
RIYADH, SAUDI ARABIA – Prices for housing, water, electricity, gas and other fuels in the Kingdom rose by 9.1 percent...
- Restaurant and hotel prices went up by 4.3 percent and education up by 3 percent.
- Clothing, shoe prices fell 2.9 percent, communication costs were down by 0.7 percent.
Geostrategy
UAE, India pledge for success of Dubai’s COP28 event
The UAE and India vowed to make this year's COP28 conference in Dubai a success, as Indian Prime Minister Narendra...
- "The UAE and India are united in their determination to ensure the successful outcome of COP28 as an inclusive and action-oriented conference," said a statement.
- The leaders of both the countries said they were "committed to enhance cooperation on climate ambition, decarbonization and clean energy".
Business
ADNOC in talks with OMV
Talk merger of shareholdings in Borouge, Borealis.
- Borouge is listed on the ADX with 54 percent owned by ADNOC.
- Borealis is owned 75 percent by OMV with ADNOC holding 25 percent.