UAE’s ENEC signs MoU with TerraPower for nuclear-technology development
Dubai, UAE--The Emirates Nuclear Energy Corporation (ENEC) has signed a memorandum of understanding with TerraPower, an American nuclear innovation company,...
COP28 UAE
50 oil and gas companies pledge to cut operational emission in COP28 meet
DUBAI, UAE - Fifty oil and gas companies representing 40 percent of global production pledged to decarbonize their operations by 2050...
COP28 UAE
Geostrategy
Cutting fossil fuel use key to environmental protection: IMF
The 'right prices' must fully reflect both supply costs and environmental costs, especially carbon emissions and local air pollution, said...
- Global fossil fuel subsidies amount to around $6 trillion in 2020, which is 6.8 percent of global GDP.
- Emissions would fall by one-third if prices increase to fully reflect environmental and supply costs by 2025, IMF said.
Science
Japan sees Middle East as vital in creating hydrogen-based society
Kajiyama Hiroshi, the economy, trade and Industry minister of Japan, said that Middle Eastern countries are important partners in creating...
- 'The large-scale and inexpensive hydrogen supply is indispensable'
- Hydrogen and ammonia are attracting attention as new energy sources
Economy
Sudan protesters block crucial oil pipelines
Demonstrators blocked the entrance to the airport and a bridge linking Kassala State in the east with the rest of...
- Demonstrators blocked the entrance to the airport and a bridge linking Kassala State in the east with the rest of the country
- The unrest comes as Sudan grapples with deep economic woes left in the wake of Bashir's ouster
Analysis
2022 World Cup may help Qatar sustain growth
The projects initiated as part of hosting the tournament include the construction of eight stadiums, Doha Metro Rail, a new...
- Stadiums constructed for the world cup would be later given to local clubs for utilization
- QTA announced new tourism strategy which aims to attract 5.6 million visitors to Qatar annually by 2023
Business
23 solar panel plants to come up across Saudi Arabia
DUBAI: As many as 23 factories that will manufacture solar panels and systems will be set up across Saudi Arabia,...
- The factories will be established in 12 industrial cities, according to Modon.
- Products to be manufactured include Solar cells, slim panels for generating solar energy, solar energy panels.
Business
UAE to become major player in emerging blue hydrogen market: ADNOC CEO
The United Arab Emirates will become a major player in emerging blue hydrogen market, according to the CEO of the...
- The UAE is strengthening its position as a regional leader in natural gas and the emerging blue hydrogen market
- "Today, gas provides almost one-quarter of the world’s energy supply and will continue to play a critical role in the global energy system"
Business
SNOC to meet Sharjah’s gas needs amid rising power demand
Gas will be sourced from SNOC's own resources and ADNOC imports.
- In 2019 SNOC and ADNOC signed an interim contract to close the gas supply gap with SEWA.
- Sharjah has also begun to develop its own resources of gas.
Business
Kuwait starts 100,000 bpd oil-gathering center
Kuwait is one of five countries that negotiated a higher baseline for its quota in a July 18 OPEC+ meeting.
- A gathering center is a facility that collects oil from a field to be transferred usually by pipelines
- This gathering center is formally referred to as GC-31 and is located in in northern Kuwait
Business
Dragon Oil to double output by 2026
Dragon Oil to double output by 2026
- The company is eying new developments in Turkmenistan, Iraq, and Egypt
- It achieved a positive performance in 2020, and continued to maintain steady annual growth in 2021
Business
UAE has advantage in leading global hydrogen market: Report
DUBAI: The UAE has the foundations and competitive advantages to become one of the largest producers of low-carbon hydrogen in...
- UAE’s strong infrastructure, export facilities, geographic location key advantages.
- ADNOC is already a producer of over 300,000 tons per year of hydrogen in its downstream facilities.
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UAE’s ENEC signs MoU with TerraPower for nuclear-technology development
Dubai, UAE--The Emirates Nuclear Energy Corporation (ENEC) has signed a memorandum of understanding with TerraPower, an American nuclear innovation company,...
COP28 UAE
Company News
Carbon pricing standards key to boost green energy
World Economic Forum
Latest News
Energy security key driver of climate investments
World Economic Forum
BP back in Q1 profit
In Q1 2022, BP posted its biggest loss ever at $20.4bn.
ADNOC and TotalEnergies sign agreement to export LNG globally
Abu Dhabi, UAE - ADNOC Gas announced Monday a three-year supply agreement with the TotalEnergies Gas and Power Limited for...
Business
AD Ports Group purchases bulk carriers, crude oil tankers
ABU DHABI, UAE - AD Ports Group has announced plans to expand its fleet by purchasing five bulk carriers and...
Business
Most Read
Business
DEWA keen to enhance happiness in work environment, says CEO
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) affirmed its commitment to achieve the 'We the UAE 2031' vision...
- "We harness all capabilities, technologies and digital solutions to strengthen the skills of our employees," DEWA CEO said.
- "We consider employees the main pillar for strengthening DEWA’s position as one of the most prominent utilities in the world," he said.
AI key to global opportunities, practical solutions
"Projections indicate that AI solutions are set to contribute an estimated $13 trillion to the global GDP by 2030, optimizing...
- Key research projects at MBZUAI focus on sustainable environment, infrastructure, healthcare, education, and large language models, says an official
- AI has the potential to contribute to the UAE's net-zero strategic initiative by reducing greenhouse gas emissions and advancing climate progress
Economy
IEA’s call to halt oil investments will hurt market
His remarks came after the IEA Executive Director, Fatih Birol, criticized OPEC+ for their unexpected decision to reduce oil output...
- OPEC Secretary General Haitham Al Ghais has cautioned IEA against discouraging oil investments crucial for global economic growth
- Russia's Deputy PM Alexander Novak says the OPEC+ group, comprising leading oil producers, sees no need for further output cuts