From solar farms to wind energy, the infrastructure is being put in place at varying paces by GCC nations.

The UAE and France held discussions on energy challenges and opportunities for collaboration in order to maximize energy system efficiency and the deployment of low carbon technologies to support their net zero by 2050 ambitions.

The approval came at a meeting chaired by the council’s chairman Sheikh Ahmed bin Saeed Al Maktoum.

Iran has confirmed that Russia will invest $83.58 million in Sirik power plant based in southern Iran.

The consortium partners comprise QatarEnergy, Shell and National Petroleum Corporation of Namibia "NAMCOR".

Rising prices of metals, elements, and compounds used in EVs could be a headache, but the MENA region and the world are already working to offset it. A few right policy moves will help economies like the UAE and Saudi Arabia to diversify their economy, especially away from oil and...

The resumption of the waiver, ended by the Donald Trump administration in 2020, ‘would be essential to ensuring Iran's swift compliance’ if a new deal on controlling Tehran's nuclear program can be reached in talks in Vienna, a US State Department official has said.

The Middle East Energy Event (formerly Middle East Electricity) will be held at Dubai World Trade Center from 7th-9th March. The event will address the future of the energy transition and discuss the opportunities surrounding green hydrogen in the region, local media reports said. According to a report by consultancy...

The Abu Dhabi National Oil Company (ADNOC) has announced the discovery of natural gas resources offshore of the Emirate of Abu Dhabi. Interim results from the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession operated by Eni, indicate between 1.5 – 2 trillion standard cubic feet (TSCF)...

Net profit stood at $20.1bn in 2021 after a loss of $21.7bn in 2020.

The 23-nation OPEC+ group has said in a statement that it will increase production by 400,000 barrels per day in March.

The Digital Cooperation Organization (DCO) has announced the launch of the DCO Startup Passport to make it quicker, easier and less expensive for startups to do business across borders, local media reports said. This opens up potentially lucrative markets with a combined population of more than half a billion people...

The 23 members of the OPEC+ oil cartel, who meet on Wednesday, are expected to stick to their guns and increase output modestly as the price of crude surges. As in January, analysts expect the taps to be opened slightly, to the tune of an additional 400,000 barrels per day,...

Bank of Palestine (BOP) and Proparco in cooperation with the EU have jointly announced the signing of Sunref II Green Program after successfully completing Sunref I, local media said. The purpose of SUNREF Green Finance Program is to provide solutions to promote energy efficiency and renewable energy projects for the...

Qatar's energy minister told the European Union on Tuesday that his country could not rescue Europe alone if Russia turned off gas supplies amid spiking tensions over Ukraine. But the minister, Saad al-Kaabi, told EU Energy Commissioner Kadri Simson that Qatar was ready to help Europe "in times of need"....

Analysts expect that this meeting will decide to boost output by 400,000 barrels per day in March, in line with their strategy to slowly re-open the taps since May last year.

The organization is integrating the Ferry Operations Branch of the Integrated Transport Center under the scope of its services.

Qatar ruler Sheikh Tamim bin Hamad Al-Thani has the Ukraine crisis, efforts to engage the hardline Taliban administration in Afghanistan, and backroom talks on reviving a nuclear accord with Iran on the agenda for his White House meeting with US President Joe Biden.

Finance Minister of Dubai Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum affirmed that his government provided all support needed for the growth of the financial markets operating in the Emirate through developing legislative framework and infrastructure to allow exchanges to consolidate their presence regionally and globally. Sheikh Maktoum added...

Qatar, a close US ally, has huge gas reserves and is the world's biggest exporter of liquefied natural gas. Biden will also thank the emir for Qatar's support to the United States in safely transporting US citizens, permanent residents and Afghan partners out of Afghanistan in the wake of the...

According to a report by General Authority for Statistics (GASTAT), the overall merchandise exports of Saudi Arabia increased by 82.5% in November 2021.

The 500 megawatt utility, which cost RO 155 million, figures among Oman Vision 2040 major projects aimed at protecting natural resources.

Fitch Solutions has upgraded the Saudi Electricity Company's credit rating from A- to A with a stable outlook, an upgrade that matches the Kingdom of Saudi Arabia's sovereign credit rating. The international agency emphasized that the new classification was driven by the result of the improvement of the company's independent...

DEWA achieved a new world record in electricity Customer Minutes Lost (CML) per year, recording 1.66 minutes in Dubai

The ministry of oil endeavors to support all initiatives and efforts to gradually shift from traditional to clean and renewable energy

Hours before the window for lodging objections closed, EU environment and energy ministers meeting in France on Friday differed sharply on a European Commission provision that would classify nuclear and natural gas energy as ‘sustainable’. Countries in the European Union had until midnight Friday to suggest modifications.

Under the agreement, Lebanon will be provided with about 150 megawatts of electricity from midnight to 6 am, and 250 megawatts during the remaining hours.

The Sharjah Research, Technology, and Innovation Park (SRTI Park) revealed an ambitious plan to be executed in cooperation with the American University of Sharjah (AUS), targeting to launch an Applied Research Ecosystem for sustainable energy solutions to develop new technologies for generating Green Hydrogen, being one of the most promising...

The venture targets commercial and industrial segment.

The US Department of Energy put forward the observation in the third edition of the Solar Power in Your Community report, its guidebook to help local governments unlock environmental and economic benefits of increased solar deployment in their communities.

With more than half of gross final energy consumption from renewable sources, Sweden had by far the highest share among the EU Member States in 2020

The project is also part of DEWA’s initiative to develop the area to meet its social, economic, and environmental needs.

In order to explore solutions for water, food, and energy challenges, the UAE, Jordan, and the Netherlands wrapped up the inaugural edition of the Water-Food-Energy (WFE) Summit.

Masdar will be joining a consortium that will develop solar photovoltaic facilities with a capacity of about 1.2 gigawatts and associated storage in Indonesia for the export of solar power to Singapore. In this connection, Masdar said, it has signed a Memorandum of Understanding with Singapore’s Tuas Power, France’s EDF...

The official export credit agencies of the UAE and South Korea have signed an MoU to boost investments in sustainable green energy, with a focus on hydrogen production projects development and trade relations between the two countries. Under the agreement between Etihad Credit Insurance and K-SURE, the official export credit...

The development may bring significant geo-economic and geopolitical shifts in the energy market, which is currently valued at $174 billion.

Saudi authorities seek to promote mining investments and increase its contribution to the GDP to meet the Saudi Vision 2030 objectives.

Saudi Arabia’s Minister of Investment Khalid bin Abdulaziz Al-Falih said that the mineral resources sector is among the most important resources that support countries’ economies. Participating in a session of the International Mining Conference, he said that the Kingdom of Saudi Arabia has increased its competitiveness in the sector through...

The business environment in the region will experience a transformation that will have a far-reaching impact on economic trends and social dynamics.

The World Bank’s Global Economic Prospect reported on Tuesday that Morocco’s GDP is expected to grow by 3.2 percent in 2022 and would rise to 3.5 percent in 2023. "The output in Morocco is expected to expand by 3.2 percent in 2022, slowing from the previous year’s rebound”, said the...

Dana Gas and its partner Crescent Petroleum have reported record sales gas production from their operations in the Kurdistan Region of Iraq (KRI), reaching 452 million standard cubic feet per day (MMscf/d) at the end of 2021. The production milestone is the culmination of numerous process improvements at the Khor...

The MoU encourages holding joint seminars and training courses on renewable energy, energy efficiency and conservation.

Qatar’s Ministry of Environment and Climate Change has said the projects will cover a variety of sectors, including the medical, industrial, and environmental fields.

The officials from Saudi Arabia, Kuwait, Oman and Bahrain, as well as secretary general of the Gulf Cooperation Council (GCC) Nayef bin Falah al-Hajrah, will be in China until Friday.

Over the week, crude prices gained about 5 percent and on Friday Brent exceeded $83 per barrel.

Amid the growing push away from climate-warming energy sources like coal, stockpiling green energy is key, experts say.

Renewable energy company Masdar will become an official partner of Manchester City under an agreement that will see them collaborate in several activities, such as launching a global campaign on the importance of climate action and mitigating climate change. The campaign will coincide with the Masdar-hosted Abu Dhabi Sustainability Week...

The share was bought by Iraqi national oil company.

The Oil Minister of Iran Javad Owji has said that his country has not faced the need to cut the gas in any area despite decreased pressure problem, and thanked his colleagues and people for it, Iranian media reports said. The petroleum minister was referring to the gas consumption in...

The minister also highlighted the Renewable Energy and Energy Efficiency Law, issued for this purpose, along with the terms and conditions of exempting renewable energy sources systems from all customs duties and sales tax.