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Microsoft unveils ‘AI-ready’ PCs

The company's pivot to AI has been celebrated by Wall Street.

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.
  • Baghdad, Tehran in talks to import gas from Turkmenistan

    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...
  • Coal still the fossil fuel most responsible for global warming: Report

    The number of coal-fired power plants in the pipeline worldwide declined in 2021, according to research released Tuesday, but the fossil fuel most responsible for global warming still generated record CO2 emissions, threatening Paris climate goals. Since the 195-nation treaty was inked in 2015, coal power capacity under construction or...
  • France’s Macron wins new term

    Macron is the first French president to win a second term for two decades, but Le Pen's result also marks the closest the far-right has ever come to taking power in France and has revealed a deeply divided nation.
  • China dumps 15 coal plants abroad after Xi pledge: study

    More than a dozen Chinese coal power projects overseas were cancelled after a ban last year on funding such plants, but loopholes could allow 18 others to still go ahead, according to a study published Friday.
  • AMEA Power awarded two projects

    These solar projects in Morocco were part of a large international tender.
  • Jordan’s electricity linkages with neighbors on track

    NEPCO Director Amjad Rawashdeh has called the linkages a model for Arab countries.
  • Lebanon to pay $16m for power on polling day

    Lebanon's electricity company is charging $16 million to supply power on the day of the May 15 parliamentary polls, a sum that exceeds the overall election budget by nearly 30 percent, the interior minister said.
  • Tunisians snub online poll on reforms as inflation and unemployment bite

    The online questionnaire was launched in January, more than half a year after President Kais Saied sacked the government, froze parliament and seized near-total power in a decisive blow against the country's political elite.
  • Soft power index: UAE first in Middle East, tenth globally

    The UAE advanced to 15th place globally in the overall Global Soft Power Index ranking, up from last year's 17th in 2021. The index interviewed more than 100,000 people from 101 countries worldwide to assess the various axes of soft power and its positive influence.
  • Power restored at Ukraine’s Chernobyl: IAEA

    Power has been restored at Ukraine's Chernobyl nuclear power station, the site of the world's worst nuclear disaster in 1986, the International Atomic Energy Agency said late Monday. Separately, Ukraine's state nuclear operator Energoatom accused the Russian military of detonating ammunition at the Zaporizhzhia nuclear power station in the country's...
  • Saudi Arabia to grant licenses to renewable energy facilities

    Saudi Arabia will grant industrial licenses to facilities operating in the renewable energy sector and power plants in order to become a regional center in the field of electricity production.
  • AMEA Power awarded $100m

    Under the agreement, a 100MW solar plant will be built in Tunisia.
  • Hassyan Power Complex adds 1,200 MW to Dubai’s capacity

    Dubai Electricity and Water Authority (DEWA) has said the production capacity of Hassyan Power Complex reached 1,200 megawatts (MW), using the Independent Power Producer (IPP) model. A further 600 MW will be added in Q4 of 2022, and an additional 600 MW will be added by Q3 of 2023. This...
  • Lebanon to import power from Jordan via Syria to boost ailing grid

    The agreement signed by Energy Minister Walid Fayad with his Jordanian and Syrian counterparts is expected to give Lebanon two extra hours of mains electricity a day, doubling the supply currently provided by the cash-strapped government.
  • Lebanon to sign a deal with Jordan to ease power shortage

    Crisis-hit Lebanon will sign a deal with Jordan next week to bring in electricity via Syria to help ease grueling power cuts, the energy minister has told AFP.
  • ExxonMobil to go net-zero by 2050

    The net-zero target is only for its operations, not products.
  • Masdar joins consortium to build solar power facilities in Indonesia

    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...
  • Iran, Russia, Azerbaijan to connect power networks in May

    Mohammad Ali Farahnakian, advisor to Iran's energy minister for international affairs, told IRNA on Sunday that given a contract among the three countries, implementation of the power network connection project will be launched following the presentation of specialized reports by these states to Iranian engineering consultants.
  • Masdar to build Georgia’s biggest solar energy plant

    Renewable energy company Masdar will be developing Georgia's largest solar power plant, with a capacity of 100 megawatts (MW), jointly with Georgian Energy Development Fund (GEDF). GEDF is a joint-stock company, founded by the Ministry of Economy and Sustainable Development, and wholly state-owned. Georgia, which primarily relies on hydropower for...
  • ADNOC, TAQA partner to power, decarbonise offshore operations

    The two companies announced on Wednesday a $3.6 billion (AED13.22 billion) strategic project to significantly decarbonise ADNOC’s offshore production operations, further strengthening their position in driving and leading sustainability efforts and supporting the UAE ‘Net-Zero by 2050 Strategic Initiative’.
  • Dubai reduces carbon emissions by 33 percent in 2020

    Dubai reduced its carbon emissions by 33 percent in 2020, which is more than double the target of the Dubai Carbon Abatement Strategy 2021, said Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy. The Dubai Carbon Abatement Strategy aims to reduce carbon emissions by 16...
  • Austerity, far right: Merkel’s ambivalent legacy

    During 16 years in power, she navigated Germany through the 2008 financial turmoil and ensuing eurozone debt crisis, the 2015 refugee influx and then the Covid-19 pandemic.
  • Oil-rich UAE to burn waste to make power

    As the UAE has mushroomed from a desert outpost to a thriving business hub, waste has multiplied. So has power use, which has soared 750 percent since 1990 according to the International Energy Agency. The wealthy UAE uses more electricity and creates more waste per head than almost any other...
  • Iraq blames Iran for river flow decline that hit power generation

    The drop in the water levels of the Sirwan river, which begins in Iran and flows through the Darbandikhan dam and the Diyala to join the Tigris, has been attributed both to low levels of precipitation and the building of more dams in Iran which retain water.
  • ACWA Power of KSA to build solar power plant in Iraq

    Iraq is looking to establish a big solar power plant in the Najaf area that could generate 1,000 megawatts of solar power.
  • TAQA lands Aramco water project

    The project will be used to make power and desalinate water.
  • Power partially restored in Lebanon after nationwide blackout

    Lebanon's electricity grid was back online Sunday after the army supplied fuel to two key power stations that had run out, a minister said, ending almost a day of total blackout. The Deir Ammar and Zahrani plants ground to a halt Saturday, causing the state electricity network to collapse completely.
  • Egypt and Saudi Arabia sign $1.8bn contract for electrical connection

    Egypt and Saudi Arabia have signed a $1.8 billion electricity interconnection project that aims to exchange some 3,000 MW during peak times.
  • Ballot count begins as voting ends in first Qatar legislative election

    Qatar wrapped up its first legislative election Saturday with reports of a solid turnout even though the vote is not expected to shift power away from the emir. Results are expected before 2000 GMT.
  • Abu Dhabi to obtain material for giant solar project from Hitachi ABB

    Abu Dhabi will obtain large generator step-up (GSU) transformers, protection and telecommunication systems for the Al Dhafra PV2 Solar project from Hitachi ABB Power Grids.
  • Power cuts stall industrial revival in Syria’s Aleppo

    The conflict has ravaged electricity networks as well as oil and gas infrastructure across the country
  • Iran gives free electricity to 10m users

    This happened as part of a program aimed to change the attitudes of household consumers towards the proper use of energy resources.
  • TotalEnergies inks $27bn deal to power Iraq

    The French firm, formerly called Total, will now build four power projects in Iraq.
  • Iran may see power-supply problems in winter

    The Energy Ministry could face serious problems in meeting electricity demand in winter if power plants did not get fuel
  • War-weary Libyans yearn for end to daily blackouts

    In the decade since the NATO-backed overthrow of longtime dictator Moamer Kadhafi, repeated outbreaks of fighting have caused heavy damage to the power distribution network
  • Iraq to rid its power woes with solar energy

    Iraq has signed a deal with China to build a set of solar power plants that would produce 2,000 MW of clean, renewable energy for the power-starved, oil-rich country.
  • Egypt looks to neighbors, and beyond, for power supply

    In order to make sure that Egyptians get an uninterrupted supply of electricity, Egypt has taken steps to strengthen power  linkage lines with neighboring countries such as Jordan, Sudan and Libya.
  • Khalid Al Qubaisi new ADES CEO

    Al Qubaisi served as a VP at Mubadala Investment Company.
  • Taliban declare ‘war is over’ in Afghanistan

    Taliban on Sunday took control of capital Kabul as Afghan forces, trained for years and equipped by the US and others at a cost of billions of dollars, melted away. President Ashraf Ghani wrote in a Facebook post that he had left the country to avoid clashes with the Taliban...
  • Lebanon’s bank chief vows no forex raid to fund fuel unless law changed

    Lebanon's central bank governor has vowed not to reverse his decision to stop subsidising fuel imports, unless parliament votes to force the monetary authority to raid its compulsory foreign reserves. The country is gripped by one of the worst economic crises since the 1850s and is struggling with shortages of...
  • US extends Iraq’s sanction waiver for four months

    The extensions follow a visit to Washington by Iraqi Prime Minister Mustafa al-Kadhemi to meet US President Joe Biden.
  • Powering Iraqi homes one switch at a time

    Iran decided last month to cut power supplies to Iraq, saying the it owes it more than $6 billion in arrears. That has left Wataniya unable to keep up with soaring demand in the country.
  • Solar panels power rebel-held Syrian areas

    UNDP says at least 90 percent lack a stable power supply across Syria In rebel areas, there is little hope of state-provided electricity   Huge solar panels poke out of pumpkin and tomato fields in Syria’s rebel-held northwest, where after infrastructure was destroyed during a decade of war, many have...
  • GE to develop Iraq’s power infrastructure, promote clean energy

    GE will help Iraq develop power infrastructure It will also promote clean energy in the country General Electric (GE) will help Iraq develop power infrastructure and promote clean energy in the country. The plan includes several key pillars that support the government’s goals to enhance Iraq’s power infrastructure, as well...
  • 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 plants in the coming years Iraq is looking to build solar power projects in central and southern Iraq, with a total capacity of 2,000 megawatts, and it has teamed up...
  • Egypt to soon start work on Saudi power link project

    Egypt and Saudi Arabia will soon launch the African country’s electrical interconnection project This will increase grid capacity to 2,000 megawatts   Egypt and Saudi Arabia will soon launch the African country’s electrical interconnection project, said local reports on Tuesday, June 15. This “major scheme” will increase grid capacity to...
  • China in talks with Abu Dhabi National Energy to buy 10% stake

    The negotiations are ongoing and there is no certainty about reaching an agreement  Based on its current share price, the stake could cost China $4.2 billion China Southern Power Grid Co. is on the verge of acquiring about 10 percent of Abu Dhabi National Energy Co. (TAQA), according to Bloomberg....