MENA region can create 10m jobs by 2050 via climate action, says ILO
DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...
COP28 UAE
134 nations to put food, agriculture in national climate plans
"This declaration is the moment when food truly comes of age in the climate process, sending a powerful signal to...
COP28 UAE
Business
Consortium awarded exploration rights for Abu Dhabi’s Block 5
ABU DHABI: The Abu Dhabi National Oil Company (ADNOC) on Tuesday awarded exploration rights for Abu Dhabi’s Offshore Block 5...
- The consortium will hold a 100 percent stake in the exploration phase.
- ADNOC has the option to hold 60 percent stake in production phase of the concession.
Business
HSBC offering Saudi’s first climate-focused investment fund
DUBAI: HSBC Saudi Arabia has said it is offering the first environmental initiative investment fund in the kingdom, which will...
- The fund will provide customers participation and direct access to investments that help reduce the impact of climate change.
- SABB’s Corporate & Private Banking clients among suitable clients in the kingdom.
Business
DEWA’s sustainability report out
It focuses on social, economic and environmental aspects.
- The 8th annual Sustainability Report 2020 focuses on DEWA’s efforts in promoting sustainability with its social, economic and environmental aspects
- The authority follows the best international practices as well as sustainable and integrated systems that ensure providing value-added services
Geostrategy
Climate change could turn Gulf cities unlivable
A new report by the UN's Intergovernmental Panel on Climate Change showed unequivocally that the climate is changing faster than...
- Daily temperatures in Dubai regularly top 40 degrees Celsius for several months of the year and are exacerbated by high humidity.
- Calls to reduce carbon emissions pose major economic challenges for oil and gas-rich Gulf countries.
Economy
Leaded petrol runs out of gas, says UN
Nearly a century after doctors first issued warnings about the toxic effects of leaded petrol, Algeria -- the last country...
- Nearly a century after doctors first issued warnings about the toxic effects of leaded petrol, Algeria -- the last country to use the fuel -- exhausted its supplies last month
- Even as recently as two decades ago, more than 100 countries around the world were still using leaded petrol
Economy
OPEC daily basket price stands at $70.75 a barrel
The price of the basket was $70.59 on August 25
- The price of the basket was $70.59 on August 25
- The OPEC Reference Basket of Crudes (ORB) is made up of oil producing countries
Geostrategy
Lebanese delegation to seek help from Syria, Jordan, Egypt
The delegation will discuss the possibility of receiving electricity from Jordan and gas from Egypt through Syrian territories.
- The delegation will include four ministers with different portfolios and some top officials from the Energy Ministry
- The date of the visit has reportedly not been set yet, but it is expected to happen very soon
Economy
Iran to build 3GW renewable power plants
The move is a collaboration between Iran's Power Generation, Distribution, and Transmission Company, and the Iranian Fuel Conservation Company.
- There are currently 100,000 agricultural wells in the country that use diesel to pump water
- The construction of renewable power plants would save huge amounts of fuel in addition to supporting the power grid
Business
Lebanon taps Dubai’s ENOC for fuel swap
Lebanon is expected to use ENOC’s fuel to generate electricity, as the Iraqi oil is deemed unsuitable for the process.
- As part of the deal, Lebanon will give ENOC 84,000 tons of Iraqi high-sulfur fuel oil
- In return, the country will receive 30,000 tons of Grade B fuel oil and 33,000 tons of gasoil
Siemens hydrogen plant in Egypt
Siemens Energy expects to kickstart the hydrogen industry in Egypt.
- Siemens Energy and EEHC will pursue the development of a pilot project, comprising 100-200 MW of electrolyzer capacity
- This is will drive early technology deployment, establish a partner landscape, and set up off-take relations, among other things
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MENA region can create 10m jobs by 2050 via climate action, says ILO
DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...
COP28 UAE
Company News
Latest News
China leads in transition from petrol to EVs
According to the China Association of Automobile Manufacturers, electric vehicles made up 25 percent of car sales in the country...
Business
UAE energy ministry awards DEWA for research, innovation
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has been awarded first place in UAE Ministry of Energy and...
Business
UN chief calls for protection of biodiversity on International Mother Earth Day
NEW YORK, US - UN Secretary-General António Guterres issued a statement calling for urgent action to protect the environment and...
Science
Most Read
Business
MBM Holding, Portland Holdings ink MoU
Firms will work together on nuclear, renewable energy.
- The two firms seek to address global challenges by adopting innovative solutions in health sciences and nuclear and clean energy.
- The MoU comes as part of the UAE’s Year of Sustainability in preparation for the country's hosting of COP 28 to promote environmental sustainability.
Science
Green groups sue Europe over false energy label
BRUSSELS, BELGIUM - Environmental groups lodged a lawsuit against the European Commission on Tuesday to challenge its definition of natural gas...
- The lawsuit over gas was launched by WWF, ClientEarth, Transport&Environment and the German NGO BUND.
- Greenpeace, sued the EU executive separately for deciding that nuclear energy was worthy of its sustainable investment label.
Business
DEWA wins Hydrogen Project of the Year Award for green transition
Dubai, UAE - Dubai Electricity and Water Authority (DEWA) has won the Hydrogen Project of the Year 2023 Award for...
- Hydrogen Project Award was part of the Hydrogen Future Awards 2023, organized during the Connecting Green Hydrogen MENA" Conference in Dubai.
- This award recognizes leaders from international energy corporations who made key contributions to the growth of the clean energy industry.