From climate action to global aid: Inside UAE’s remarkable year
Abu Dhabi, UAE -- The UAE is bidding farewell to 2023, dubbed the ‘Year of Sustainability'. From hosting the relatively...
YEARBOOK 2023
Oman to expand production of green hydrogen to boost non-oil economy
Hong Kong - The government of Oman’s targets to expand local green hydrogen production could support key credit metrics, such as...
Business
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
Economy
‘Renewable energy is 20 percent of Jordan’s power output’
Jordan has the highest transition rates to renewable energy sources and electric vehicles, says the Secretary-General of the Arab Renewable...
- Jordan has the highest transition rates to renewable energy sources and electric vehicles, says the Secretary-General of the Arab Renewable Energy Commission
- The Secretary-General called upon Arab nations to develop their own renewable energy industries rather than importing foreign technology
Economy
Energy security vital for economic growth, says Saudi minister
Saudi Arabia's Minister of Finance Mohammed bin Abdullah Al-Jadaan said energy security is very important for the economic growth and...
- Saudi Arabia's finance minister says energy security is important for the economic growth and prosperity of the world
- The finance minister says energy supplies, economic development and climate change vital aspects of the world
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
From climate action to global aid: Inside UAE’s remarkable year
Abu Dhabi, UAE -- The UAE is bidding farewell to 2023, dubbed the ‘Year of Sustainability'. From hosting the relatively...
YEARBOOK 2023
Company News
Latest News
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
DSCE gets ISO 50001, net-zero certifications for sustainable energy management
DUBAI, UAE - The Dubai Supreme Council of Energy (DSCE) has received the ISO 50001:2018 in energy management systems and...
Business
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...
Economy
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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.
Economy
Will extended oil production cuts stunt Saudi growth?
The decision to prolong oil output cuts may herald a significant reversal for the Kingdom's fast-growing economy as oil remain...
- The decision to prolong oil output cuts may herald a significant reversal for the Kingdom's fast-growing economy as oil remain a key source for its revenue, say experts
- Amidst varying projections, the overall concern is clear: the extended cuts could strain the economy and may even lead to contraction if the trend continues into 2024
Business
ExxonMobil to buy Denbury
ExxonMobil will acquire Denbury for $4.9 billion.
- The all-stock acquisition provides ExxonMobil with Denbury's carbon dioxide pipeline network in Texas, Louisiana and Mississippi.
- Oil companies have championed carbon sequestration as a major response to climate change.