Its net profit spiked to US$3.7 billion in 2023.

Islamabad, Pakistan - Pakistan reached a tentative deal to unlock a $1.1 billion tranche of an International Monetary Fund (IMF) bailout deal, the global lender said Wednesday, giving much-needed respite to the South Asian nation. Last summer, cash-strapped Pakistan sketched a $3 billion deal with the IMF as it battled a...

Tehran, Iran - Baghdad and Tehran are currently engaged in negotiations to facilitate the import of gas from Turkmenistan, with the Iraqi Minister of Electricity Luay Al-Khatteeb revealing that discussions are underway to utilize Iran's extensive network for the transportation of Turkmenistan's gas. Highlighting the challenges in establishing direct lines...

Michael Stuebgen, interior minister for Brandenburg state, said that "if initial findings are confirmed, this is a perfidious attack on our electricity infrastructure".

Doha, Qatar -- Qatar's General Producer Price Index (PPI) for January 2024 is estimated at 113.22 points showing a decrease of 4.38 percent compared to December 2023. On Y-o-Y basis, PPI of January 2024 showed a decrease of 12.63 percent, according to the Planning and Statistics Authority (PSA). The monthly PPI of...

The system demand for power surged to 56.5 TWh in 2023.

Tehran, Iran - Iran and Turkey are set to enhance their electricity exchange capabilities through the implementation of modern technology, according to Mehdi Moghimzadeh, the head of Iran's Iran Grid Management Company. “With the signing of the contract for the operation of 400-kilovolt BtB HVDC line between Khoy (Iran) and...

DOHA, QATAR – The Industrial Production index (IPI) of Qatar in November 2023 reached 91.7 points which is a fall of 1.5 percent compared to the previous month (October 2023). This is a decrease of by 5.8 percent compared to the corresponding month in 2022. Released by the Planning and...

Qamishli, Syria - Hundreds of northeast Syrian villages and towns have lost power after Turkish strikes pounded electricity stations and infrastructure, the region's semi-autonomous Kurdish administration said on Monday. The Kurdish administration said Turkey launched a slew of strikes since Friday, mostly concentrated on infrastructure including power stations and oil refineries....

HALEU fuel is needed to power many of the next generation of advanced nuclear reactors, including so-called small modular versions that the UK intends to use. The first plant of the uranium fuel will be in northwest England and is scheduled to be operational by the 2030s, the government said.

Doha, Qatar -- Qatar's Producer Price Index (PPI) of the industrial sector in the country for November was 118.65 points, a decrease of 1.95 percent compared to October 2023. On Y-o-Y basis, PPI of November 2023 showed a decrease of 17.36 percent. The main four industry sectors by weight are...

Khan Yunis, Palestinian Territories - A middle-aged man with a blank, shattered expression walked slowly down a ramp at the hospital, gently cradling in his arms a tiny body wrapped in a white shroud. After the collapse of a week-long truce between Israel and Hamas, the Nasser hospital's morgue in Khan...

Helsinki, Finland - Finland's Olkiluoto 3, the largest nuclear reactor in Europe, stopped production on Wednesday after a test caused the plant unit to unexpectedly go offline, its operator TVO said. "During the test, the plant was supposed to produce electricity normally," said Johanna Aho, head of communication at TVO. Before production was...

Abu Dhabi, UAE - ADNOC announced on Friday it opened “H2GO”, the region’s first high-speed green hydrogen pilot refueling station, to test a fleet of zero-emission hydrogen-powered vehicles. The station will be operated by ADNOC Distribution, and is likely to create green hydrogen from water using an electrolyzer powered by...

Due to US sanctions against Iran, Baghdad cannot pay Tehran directly for its gas. Baghdad's unpaid bills to Tehran for past gas imports amount to some $10 billion, according to the senior official.

JERUSALEM - The UN agency for Palestinian refugees warned Monday its operations in war-torn Gaza would shut down within two days due to fuel shortages as fighting rages between Israel and Hamas. "The humanitarian operation in Gaza will grind to a halt in the next 48 hours as no fuel...

Dubai, UAE-- Turkey has suspended joint-energy projects with Israel over the latter's invasion and bombardment of the Gaza Strip, according to Turkish Minister of Energy Alparslan Bayraktar. The minister in a statement said: "It would be inappropriate to talk about the implementation of projects with Israel under such conditions. The...

Riyadh, Saudi Arabia - Saudi Arabia said on Thursday that policies to address climate change should not "crush the bones" of countries grappling with energy poverty, ahead of the COP28 climate talks in Dubai. Speaking at a conference on economic cooperation with Africa, the Gulf kingdom's energy minister Prince Abdulaziz bin...

To encourage renewable energy, Iraq's Central Bank in 2022 announced the allocation of $750 million in almost zero-interest loans for individuals and private companies adopting solar power. But the initiative is "stalling due to a lack of cooperation from banks", according to Mohamed al-Duleimi, an expert in renewable energies.

White House National Security Council spokesman John Kirby said the US supports pauses in Israel's war against Hamas in order to let aid to flow into the Gaza Strip. He said the aid can include fuel needed for the restoration of electrical power, medical care, water purification and "so many...

The first aid trucks arrived in the war-torn Gaza Strip from Egypt, AFP journalists said, bringing desperately needed humanitarian relief to the Hamas-controlled Palestinian enclave under Israeli siege. Israel has vowed to destroy Hamas after the group carried out the deadliest attack in the country's history on October 7.

Paris, France-- Achieving all national climate and energy goals will require adding or replacing 80 million kilometres of power lines by 2040 – an amount equal to the entire existing global grid – according to the International Energy Agency. Major changes to how grids operate and are regulated are also...

Jerusalem--Israeli Energy Minister Israel Katz vowed Thursday his country would not allow basic resources or humanitarian aid into Gaza until Hamas released the people it abducted during its surprise weekend onslaught. "Humanitarian aid to Gaza? No electric switch will be turned on, no water tap will be opened and no...

Riyadh, Saudi Arabia - About 92% of respondents in Saudi Arabia consider ‘critical national infrastructure’ and are willing to pay more for sustainable broadband with roughly a quarter of them prepared to pay over 20% more for eco-friendly connectivity., a Cisco survey in the kingdom has found.  The survey, encompassing...

Till last year, outages could last 20 hours, turning the streets dark and leaving residents sweltering in temperatures above 40 degrees Celsius.

The liquid enhances efficiency of energy storage systems.

Underfunded and run down by years of unrest, the zoo's dilapidated facilities make matters worse for its 900 animals, including Siberian tigers.

Consolidated revenue of DEWA rose 4.1 percent in Q2.

ABU DHABI, UAE -  The Abu Dhabi Fund for Development (ADFD) has signed a loan agreement with the Government of Tanzania worth US$105.4 million (AED387 million) to enhance energy security in the country. The project’s objective is to fully connect the Kagera administrative region with the national electricity grid, reducing...

Life in Bahrain largely moves indoors during the summer months, with the ever-present Arctic blast of air-conditioning systems.

Washington, United States - They are ubiquitous in the United States, controversial in Europe and coveted in South Asia. As heatwaves intensify across the world, air conditioning has taken center stage. For better or for worse, these power-hungry appliances are among the most common adaptations to a warming world. They have...

Muscat, Oman-- Oman's inflation rate increased by 2.8 percent in 2022 as the consumers price index (CPI) registered 109.7 points compared to 106.7 points in 2021. According to the data issued by the National Centre for Statistics and Information (NCSI), there was a rise in the prices of main groups...

Baghdad, Iraq-- Jordan and Iraq have renewed pledge to strengthen economic cooperation in a meeting between the kingdom's Prime Minister Bisher Khasawneh, and his Iraqi counterpart, Muhammad Shia'a Sudani, on Monday. In a joint statement, both PMs reaffirmed the strategic nature of the Jordanian-Iraqi relationship and called for efforts to...

Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has called on the public to take all necessary measures to avoid the risk of fire due to misuse of electrical appliances and connections with increasing temperatures in summer or failure to conduct periodic maintenance. DEWA called on customers to use its smart...

Designated by the UN as one of the five countries in the world most touched by some effects of climate change, Iraq is experiencing its fourth consecutive summer of drought.

RIYADH, SAUDI ARABIA – Prices for housing, water, electricity, gas and other fuels in the Kingdom rose by 9.1 percent overall in June compared with the same month last year, government data showed on Sunday. Restaurant and hotel prices went up by 4.3 percent and education up by 3 percent,...

Riyadh, Saudi Arabia--Saudi Arabia and France have signed a memorandum of understanding (MoU) to cooperate in the field of energy, with a focus on renewable resources. In this connection, Saudi Energy Minister Prince Abdulaziz bin Salman and his French counterpart, Agnes Pannier-Runacher, signed the agreement. The two countries released a...

Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has exhorted community members to ensure that safety standards are always in place in their homes, especially before traveling or being away for long periods. DEWA urged its customers to follow its tips and guidelines to improve the efficiency of electricity and water...

DOHA, QATAR- The Industrial Production index (IPI) of Qatar for April 2023 reached 106.4 points which is an increase of 2.8 percent compared to the previous month (March 2023), and increased by 2.1 percent, when compared to the corresponding month in 2022. The index of the mining sector showed an...

LONDON, UK - Greenpeace slammed Britain's power grid operator on Monday after it requested the reactivation of a coal-fired power station to meet electricity demand during a heatwave. National Grid ESO has asked energy firm Uniper to fire up a coal unit of its power station in Ratcliffe-on-Soar, central England, according...

PARIS, FRANCE - Renewable power capacity is expected to jump by a third this year globally as growing policy momentum, higher fossil fuel prices and energy security concerns drive expansion of solar and wind power, the International Energy Agency (IEA) said. The growth is set to continue next year with...

The Planning and Statistics Authority (PSA) said Monday , the PPI of March 2023 for the Mining and Quarrying showed a decrease by 2.94% when compared with PPI of February 2023.

Dubai, UAE -- The World Bank and Jordan have signed two financing agreements worth $650 million for the programs of inclusive, transparent and climate-responsive investments in the kingdom besides enhancing the efficiency of the electricity sector in the kingdom. The agreements were signed on behalf of the Jordanian government by...

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) successfully launched its second nanosatellite, DEWA SAT-2, aboard SpaceX’s Falcon 9 rocket from Vandenberg Space Force Base in California, USA. The launch of DEWA SAT-2 underlines the firm's commitment in using space technologies to improve the operations, maintenance and planning of...

Riyadh, Saudi Arabia - Saudi Arabia's annual inflation rate dropped to 2.7 percent in March from 3 percent in February, as per government data.  The decrease was mainly driven by a rise in housing rents. Housing, water, electricity, gas, and other fuels rose by 7.4 percent from the previous year,...

Paris, France--French energy giant TotalEnergies announced Wednesday an agreement with Iraq on a $10 billion project that had been delayed due to disagreements over the terms of a deal aimed at improving the country's electricity supply. The contract, originally signed in 2021, includes investments in oil, gas and solar production. But...

Petrofact and Hitachi Energy secured a $14.1bn energy deal.

Private sector partners can leverage the scientific work done in public laboratories to develop the technology needed for fusion power plant applications, top US physicist tells TRENDS.

Decades of unsustainable policies and fundamental neglect, capture of state resources by elites, alleged corruption, and vested interests cripple the power sector in Lebanon.

Abu Dhabi, UAE -- Siemens Energy has been awarded long-term service contracts for several Iraqi power plants to improve energy stability and availability, as well as provide training, skills, and employment opportunities for Iraqis, Siemens said Tuesday. These contracts represent the first portion of prioritized projects under the Iraq Energy...