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
UAE to pump CO2 into rock as carbon capture debate rages
Fujairah, UAE - High in remote mountains in the oil-rich Emirates, a new plant will soon take atmospheric CO2 and pump...
Business
Aramco confirms data breach that entails $50m ‘ransom’ demand
Aramco has acknowledged that it had seen a data breach that has a potential $50-million “ransom” demand attached to it.
US arrests Trump aide Tom Barrack for being ‘agent of the UAE’
Tom Barrack, who worked for former US President Donald Trump, was arrested on Tuesday for allegedly being an “agent of...
Powering Iraqi homes one switch at a time
Iran decided last month to cut power supplies to Iraq, saying the it owes it more than $6 billion in...
What’s in store for UAE as OPEC+ decides to increase oil output?
The UAE’s oil production limit fixed by the OPEC+ in 2018 is not a reflection of its full production capacity,...
Emissions set to surge to record levels in 2023 as governments spend less on clean energy: IEA
International Energy Agency says current government plans would increase spending on clean energy to $350, 75 percent short of its...
Adnoc to invest over $760m to support production expansion
The Abu Dhabi National Oil Company will invest $763.7 million in integrated rigless services across six of its artificial islands
Daewoo unit lands $634m Qatar fixed platform contract
Korean-origin Daewoo Shipbuilding & Marine Engineering has received an order worth KRW725.3 billion ($633.6 million) for a project in Qatar
Halliburton wins chemicals services contract in Oman
Halliburton has signed a contract to provide production chemicals and associated services for a large international oil company in Oman
Deadlock ends: Top oil producers agree on modest output boost
The OPEC+ meeting on Sunday agreed to raise output by 400,000 barrels per day (bpd) each month from August to...
OPEC+ deliberations still on but not supply deal yet: UAE
With the bloc pumping less than needed, prices are set to be volatile, says IEA Oil demand is expected to...
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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
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
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WMO urges more investment in integrated weather, climate services
GENEVA, SWITZERLAND - The global transition to renewable energy will require greater investment in integrated weather and climate services, the...
Science
Oil cuts in interest of energy markets, says Russia
The Kremlin said oil output cuts by Russia, Saudi Arabia and other major producers that have caused prices to soar...
Geostrategy
Major oil powers slash production ahead of OPEC+ meet
Cuts by the Saudis, Iraq, UAE, Kuwait, Algeria and Oman from May to the end of the year will total...
Economy
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Economy
Dutch refinery looks to boost production of sustainable aviation fuel
Sustainable aviation fuels are being made from different sources such as municipal waste, leftovers from the agricultural and forestry industry,...
- EU plans to impose the use of a minimum amount of sustainable aviation fuel by airlines, rising from two percent in 2025 to six percent in 2030 and at least 63 percent in 2050
- Neste's Lehmus said there was a great need to mature the technologies to make sustainable aviation fuel from diverse sources such as algae, nitrocellulose and synthetic fuels
Business
Iraq inaugurates oil refinery in Karbala to curtail imports
The minister said the refinery, built by South Korean firm Hyundai, can produce nine million liters of fuel a day...
- Oil minister said that after the inauguration by the Iraqi Prime Minister, the refinery has started commercial production.
- The refinery can produce up to 140,000 barrels every day, and help in reduction of overseas oil import.
Business
DEWA, Siemens discusses enhancing cooperation
DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority Saeed Mohammed Al Tayer discussed the latest advancements...
- DEWA and Siemens discussed the role of smart grids in improving the efficient and sustainable distribution of energy.
- They also discussed ways to enhance collaboration between DEWA and Siemens in the area of smart grid technology.