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ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

US wants hike in global crude output, including from OPEC: official

The United States wants to see a hike in oil production, including from OPEC countries, said a senior State Department...
  • OPEC+ decided in early October to cut production by two million barrels per day and has not changed its output level since
  • The US president has regularly called in the last year for an increase in the OPEC+ output, but the cartel has not raised its quotas

UN moves towards real-time tracking of greenhouse gases

The UN announced that it had taken a significant step towards trying to fill a key gap in the fight...
  • The three major greenhouses gases are carbon dioxide, methane and nitrous oxide.
  • Of those, CO2 accounts for around 66 percent of the warming effect on the climate.

Iran to reconnect nuclear surveillance cameras: IAEA

UN nuclear watchdog chief Rafael Grossi earlier said he had held "constructive" talks with Iranian officials in Tehran after the...
  • IAEA chief earlier said he had held "constructive" talks with Iranian officials in Tehran after the discovery of uranium particles enriched to near weapons-grade level
  • Grossi arrived in Iran on Friday talks deadlocked on reviving a landmark 2015 accord on Iran's nuclear activity, known formally as the Joint Comprehensive Plan of Action

UAE, Italy enhance bilateral relations to Strategic Partnership level

ABU DHABI, UAE -  The United Arab Emirates and Italy on Saturday announced the enhancement of their  bilateral relations to...
  • A pact for cooperation on energy projects and sustainability initiatives between Abu Dhabi National Oil Company and the Italian energy group Eni was signed.
  • The MoU aims to strengthen cooperation in the field of emissions reduction, new energy technologies and low-carbon solutions.

DEWA’s R&D Center registers 8th patent for geographical areas survey device

DUBAI, UAE - Dubai Electricity and Water Authority's (DEWA) Research and Development Center has obtained its eighth patent for a...
  • The device employs real-time kinematic processing techniques to process data collected on-site.
  • It works with a smart device developed by the R&D Center, which uses a smart app to read the updated coordinates in seconds.

Renewables help offset rise in coal emissions in 2022, IEA says

"The impacts of the energy crisis didn't result in the major increase in global emissions that was initially feared –-...
  • "Without clean energy, the growth in CO2 emissions would have been nearly three times as high," he added.
  • The IEA noted that CO2 emissions grew the fastest from oil, at 2.5 percent, but still remain below pre-pandemic levels.

UAE’s FNC highlights role of parliaments in addressing climate change

RABAT, MOROCCO - UAE's Federal National Council (FNC) highlighted the critical role of parliaments in addressing the repercussions of climate...
  • The FNC stressed on the need to strengthen the economic, social and environmental cooperation between countries.
  • The UAE’s clean energy production capacity is expected to reach 14 gigawatts by 2030.

UAE, Bahrain explore ways to boost collaboration in infrastructure, transport

ABU DHABI, UAE - UAE Minister of Energy and Infrastructure (MoEI)  Suhail bin Mohammed Al Mazrouei Thursday had a meeting...
  • Bahrain’s Minister applauded the advanced processes at UAE Ministry of Energy and Infrastructure , particularly the AI-enabled systems for planning new infrastructure projects.
  • The Bahrain’s Minister and his delegation toured the Road Control Center that was recently established at the ministry’s Sharjah offices.

Nigeria gas fuels Morocco, Algeria pipeline power struggle

Morocco and Algeria have moved to revive long-stalled projects in light of a gas supply crunch following Russia's invasion of...
  • Algeria is pushing to relaunch plans for a Trans-Saharan Gas Pipeline linking Nigeria to Algeria's Mediterranean coast via Niger
  • Morocco's deal with Nigeria and their West African neighbors is set to cost 23 billion euros but the project would involve complex negotiations

French court sets aside NGOs lawsuit against TotalEnergies

PARIS, FRANCE - A French court on Tuesday dismissed a landmark case against TotalEnergies for a massive oil project in Uganda...
  • The six NGOs argued the development of the East African Crude Oil Pipeline (EACOP) failed to adhere to a "duty of vigilance"
  • It is a 2017 law that compels companies to avoid grave harm to human rights, health, safety and the environment

Iran fires first ship-based long-range ballistic missiles

TEHRAN, IRAN - Iran's Islamic Revolutionary Guard Corps (IRGC) said on Tuesday it has launched long-range ballistic missiles from a warship...

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UAE’s FANR grants operating license for unit 4 of Barakah Nuclear Power Plant

Dubai, UAE - The Federal Authority for Nuclear Regulation (FANR), serving as the UAE's independent nuclear regulatory body, has officially...

Tabreed 9M profit at $218m

This is due to the steady growth in its consumption volumes.

IAEA greenlights 3 national projects in Qatar

Doha, Qatar - The International Atomic Energy Agency (IAEA) has given the green light to three new national projects in...

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Aramco produces first unconventional tight gas

Dhahran, Saudi Arabia - Aramco, one of the world’s leading integrated energy and chemicals companies, has successfully produced the first...
  • Commissioned facilities at South Ghawar have a 300 million standard cubic feet per day (scfd) of raw gas processing capacity
  • Work is also progressing at the giant Jafurah unconventional gas field, which is the largest liquid-rich shale gas play in the Middle East

China emissions to fall in 2024 on renewables jump

The country has been installing renewable energy capacity at breakneck speed, with new solar in 2023 alone amounting to twice...
  • China is the largest greenhouse gas emitter and has brushed aside calls for a more ambitious carbon neutrality target
  • IEA says the country is projected to account for 45 percent of global emissions from existing fossil fuel assets

Saudi pioneering solutions for water scarcity

The kingdom is forging partnerships with major corporations to revolutionize water technologies and achieve water self-sufficiency.
  • Water scarcity is 500 cubic meters per capita, while Saudi Arabia's annual per capita share of water does not exceed 89.5 cubic meters.
  • The Saline Water Conversion Corporation has signed agreements with several major corporations to tackle water scarcity.