COP28 puts spotlight on state oil giants
Western energy firms are the usual suspects when it comes to criticism about the sector's role in climate change, but...
Abu Dhabi’s EWEC opens Q4 2023 Clean Energy Certificates auction
ABU DHABI, UAE - Emirates Water and Electricity Company (EWEC) on Monday announced that it will conduct its Q4 2023...
Business
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...
Abu Dhabi-backed solar complex to power 158,000 facilities in Togo
ADFD reportedly provided a concessionary loan of $15 million (AED55 million) to finance the project The plant, located in Blitta...
Consortium featuring Qatar Petroleum wins 2 offshore exploration blocks in Suriname
The consortium now has the rights to explore Blocks 6 and 8 adjacent to the prolific Block 58 discoveries Qatar...
Arab countries vie with each other in $200 billion green hydrogen race
With its abundant sunlight and wind resources, the Middle East could be the hub of renewable energy The...
Iraq hopes to build 8 nuclear power reactors by 2030
The decision to go nuclear is geared to reduce the country’s external energy dependence Iraq currently uses electricity,...
Sharjah sees Al Hamriyah plant work over 80% completed
The plant has a gas turbine with a production capacity of 400 MW It also has a heat recovery boiler...
Energy minister signals end of petrol subsidy
The subsidy on petrol in Lebanon may eventually be ended Energy Minister Raymond Ghajar said it was unsustainable The subsidy...
Egypt to have electric cars on its roads by next year
Thirteen imported electric vehicles will be tested on Egyptian streets from next month The plan is in line with the...
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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
COP28 puts spotlight on state oil giants
Western energy firms are the usual suspects when it comes to criticism about the sector's role in climate change, but...
Company News
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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
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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.