COP28 unveils oil and gas ‘Decarbonisation Charter’ to speed up climate action
Dubai, UAE--The COP28 Presidency Saudi Arabia have launched a landmark Oil and Gas Decarbonisation Charter (OGDC), a global industry charter...
COP28 UAE
UAE President announces $30bn Global Climate Fund at COP28 meet
In a groundbreaking announcement at the World Climate Action Summit during the UN Climate Change Conference (COP28), UAE President Sheikh...
Geostrategy
Business
Iran helps Syria build power plant in Latakia
The new plant is expected to help bring back energy to those in Syria who lost access to it over...
- Iran-based Mapna Group has been tasked with implementing the project
- Iranian experts are aiding in this construction in an effort to assist the war-torn country in rebuilding itself
Abu Dhabi Ports plans uninterrupted gas supply for customers
The system modernization will take place over the next several months as part of a continuous comprehensive zone development plan.
Business
Middle East’s largest wind farm produces first carbon-free MWh
The project, Saudi Arabia's first, is being developed by leading renewable energy companies EDF Renewable and Masdar.
- The project, Saudi Arabia's first, is being developed by EDF Renewable and Masdar.
- On completion, the farm will power about 70,000 Saudi households.
Iran nuclear talks could resume in September: EU
Talks have been happening since April in Vienna to find a way to bring both sides back into full compliance
- Talks have been happening since April in Vienna to find a way to bring both sides back into full compliance
- The last round took place on June 20 with no date set for when they would continue. The EU chairs the meetings
G7 blames Iran in deadly tanker attack, US releases ‘evidence’
The UN Security Council also agreed to discuss the incident off the coast of Oman on Monday
- The UN Security Council also agreed to discuss the incident off the coast of Oman on Monday
- Iran has strongly denied having any link to the attack on the M/T Mercer Street
TAQA, Emirates Steel to manufacture MENA’s first green steel
The project will save energy while creating a sustainable and clean manufacturing process, says TAQA.
ADNOC sells its first cargo of blue ammonia to Itochu
The sale was made in partnership with Fertiglobe, which will produce blue ammonia at its Abu Dhabi plant for delivery...
Emerson to set up solar rooftop plant at Dubai head office
This is expected to be the largest solar rooftop plant in a single location within the Jebel Ali Free Zone.
Iran builds energy port on Persian Gulf for $350 million
Iran built the port to reportedly expedite the export of petroleum products from the South Pars energy hub, which the...
Iran rejects Israel’s ‘baseless accusations’ over ship attack
The MT Mercer Street, managed by prominent Israeli billionaire Eyal Ofer, was struck on Thursday off the coast of Oman,...
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COP28 unveils oil and gas ‘Decarbonisation Charter’ to speed up climate action
Dubai, UAE--The COP28 Presidency Saudi Arabia have launched a landmark Oil and Gas Decarbonisation Charter (OGDC), a global industry charter...
COP28 UAE
Company News
Ducab partners with Vestas
Business
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G7 climate ministers pledge to end plastic pollution by 2040
A statement put out by G7 said the phase-out will be achieved by "promoting sustainable consumption and production of plastics,...
Economy
UAE launches its second nanosatellite DEWA SAT-2
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) successfully launched its second nanosatellite, DEWA SAT-2, aboard SpaceX’s Falcon 9...
Science
Nuclear power reactors to shut down in Germany
BERLIN, GERMANY - Germany will switch off its last three nuclear reactors on Saturday, exiting atomic power even as it seeks...
Geostrategy
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Economy
Germany to shut down last three remaining nuclear plants
At a time when many Western countries are ramping up nuclear power in their transition to greener energy sources, Europe's...
- The exit decision was popular in a country with a powerful anti-nuclear movement fuelled by fears of Cold War conflict and disasters such as Chernobyl
- The three final nuclear plants provided six percent of Germany's energy last year, compared with 30.8 percent from all nuclear plants in 1997
Business
DEWA approves payment of US$1.29bn in dividend to shareholders
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) which is listed on the Dubai Financial Market (DFM) on Monday...
- DEWA general assembly was chaired by Matar Humaid Al Tayer, Chairman of the Board of Directors of the utility.
- Saeed Mohammed Al Tayer, MD and CEO of DEWA and members of the Board of Directors also took part in the meet.
Business
SDF signs $240m loan pact for Pakistan hydropower project
Dubai, UAE -- The Saudi Fund for Development (SFD) has signed a US$240 million loan agreement to support Pakistan's Mohmand...
- The project is co-financed by the Saudi Fund for Development, OPEC, Islamic Development Bank, and the Kuwait Fund for Arab Economic Development.
- By using renewable energy sources, the project will generate 800 MW of electricity production capacity.