Europe’s largest nuclear reactor malfunctions again
Helsinki, Finland - Finland's Olkiluoto 3, the largest nuclear reactor in Europe, stopped production on Wednesday after a test caused the plant unit...
Science
Every industry should be held accountable on climate, says COP28 president
Paris, France - The president of a pivotal UN climate summit defended on Saturday the large presence of industry representatives at...
Geostrategy
Oil-producing countries postpone decision on output increase
UAE objects to extending of cuts to the end of 2022 as it seeks to grow production Members consider whether...
Maersk to build petrochemicals hub at King Abdullah Port
The port aims to provide logistics services for petrochemical exporters Maersk is investing in 100,000 sq m of warehousing space...
UAE, France team up for research and development in nuclear energy
Exploring the product of green hydrogen powered by carbon-free nuclear energy part of the deal French company EDF owns the...
Saudi Arabia, UAE vying for hydrogen, ammonia exports
Both targeting Japan, a key oil, gas importer Both also eager to get into green hydrogen, ammonia industry Saudi...
Aramco awards East-West Pipeline compounds contract to special-purpose vehicle
Saudi Aramco has signed a deal for the construction of six residential compounds along the 1,200-km East-West pipeline The contract...
GE to develop Iraq’s power infrastructure, promote clean energy
GE will help Iraq develop power infrastructure It will also promote clean energy in the country General Electric (GE) will...
Blue hydrogen market will only take off after 2030: Aramco tech chief
Aramco tech chief says blue hydrogen production can’t be scaled up before 2030 He believes it works very similar to...
Libya supplies 20% of Hawaii’s crude need
Libyan crude oil has a low sulfur content and is suitable for the production of fuel oils for Hawaiian electrics...
Iraq to build 2,000MW solar power projects in tie-up with a UAE-based firm
The project is the biggest investment in Iraq's renewable energy industry Iraq is planning to build a number of power...
Middle East’s oil export to India falls
In March, India had directed refiners to diversify crude supplies after the OPEC ignored New Delhi's call to ease supply...
Most Read
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
Europe’s largest nuclear reactor malfunctions again
Helsinki, Finland - Finland's Olkiluoto 3, the largest nuclear reactor in Europe, stopped production on Wednesday after a test caused the plant unit...
Science
Company News
Latest News
France and Morocco mend ties after visa spat
Geostrategy
Trends Poll: Saudi will reach net-zero first in GCC
Gulf countries have substantial financial and other resources to achieve zero- emission goals but they need to identity and address...
Economy
European Union deal to nearly double renewable energy by 2030
The provisional political agreement, which was reached after nightlong negotiations between the EU parliament and states, seeks to raise the...
Economy
Most Read
Business
DEWA, UAE energy ministry discuss cooperation for clean energy goals
DUBAI, UAE - MD & CEO of the Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer discussed consolidating...
- DEWA’s current capacity has reached 490 Million Imperial Gallons per Day of desalinated water.
- DEWA is also working to increase the capacity of the transmission and distribution networks.
Science
UAE urges investment, action for water sustainability at UN meet
DUBAI, UAE – UAE Minister of Climate Change and Environment Mariam bint Mohammed Almheiri emphasized the importance of collaboration, data...
- The UAE is on track to reduce total water consumption of its food sector by over 15 percent despite doubling production by 2030.
- The UAE’s national plan - the Water Security Strategy 2036 - ensures that programs are implemented on the supply and demand side.
Market Report
Saudi Arabia’s TASI ends the week higher while UAE markets fall
Several factors contributed to the fall in UAE markets, including a decline in oil prices, worries about multinational banks' health.
- The primary index of the Abu Dhabi Securities Exchange fell by 0.5 percent, while the Dubai market's main index dropped by 0.9 percent.
- In Dubai, losses in the industrial and financial services sectors led to a 0.5 percent drop in the main index on Monday.