Oil prices inch up on mixed day for US stocks
World stock markets have made robust gains in recent weeks on hopes that the US central bank had finished with...
Economy
ADNOC unveils inaugural green hydrogen refueling station
Abu Dhabi, UAE - ADNOC announced on Friday it opened “H2GO”, the region’s first high-speed green hydrogen pilot refueling station,...
Business
Masdar wins 400MW solar plants tenders in Uzbekistan
The plants are expected to have a combined output of 400 MW The projects are being implemented on a public-private...
Renewables grew fastest in two decades in 2020: IEA
IEA has said renewable sources of energy grew at their fastest clip in 2020 in this millennium The world added...
Automotive sector leads Morocco exports
Industry minister Elalamy says country capable of producing high-quality vehicles with a 60% content rate Automotive exports total nearly $9b...
World Earth Day; where GCC is moving?
In its massive drive to lessen its dependence on hydrocarbons and make earth a better place to live, GCC region...
Saudi to host world’s biggest solar unit; larger than many global cities
A massive economic diversification exercise is underway in the Middle East to gradually end dependency on fossil fuels for a...
What it takes to accelerate region’s movement toward sustainability
Clean energy and sustainability have gone beyond just being buzzwords for the Gulf Cooperation Council (GCC) nations. The governments in...
Oil prices inch up on mixed day for US stocks
World stock markets have made robust gains in recent weeks on hopes that the US central bank had finished with...
Economy
Company News
Equities boosted by China news before rate calls
Market Report
Latest News
ESG investment, COP28 drive GCC sustainability bid
As the effects of climate change intensify each year, there is an urgent need to transform multiple industries to meet...
Opinion
Gas price in Europe slips below US$43 for first time since 2021
LONDON, UK- Europe's natural gas price slid Monday below US$43 for the first time in more than a year and a...
Business
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Economy
Kuwait Oil Company declares ‘state of emergency’ after oil spill on land
Teams have been dispatched to determine the source of the leak and contain the incident, Al-Amer said, declining to give...
- The emergency followed an "oil leak in the west of the country", the state-owned company said in a statement
- Kuwait is a major oil-producing country where nearly 90 percent of government revenues come from oil
Opinion
MENA region shines more on the global energy map
The Abraham peace Accords between Israel and some Middle Eastern countries has paved the way for new cooperation and energy...
- Diplomatic efforts, capacity building, and support for sustainability make Middle East and GCC region significant in global energy arena, says an expert
- Tension between Russia and western Europe prompts search for new energy sources, benefiting oil-producing companies in the region, adds Ritu Singh of Stone X
Science
EU unveils plans to scale up net-zero technology
BRUSSELS, BELGIUM- The European Commission proposed the Net-Zero Industry Act to scale up manufacturing of clean technologies in the EU...
- The Act aims to enhance the resilience and competitiveness of net-zero technologies manufacturing in the EU, while making energy system more sustainable.
- EU seeks to increase overall strategic net-zero technologies manufacturing capacity approaches or reaches at least 40 percent of the Union's deployment needs by 2030.