Energy

ADNOC Distribution reports record high earnings at $790 million

ADNOC Distribution exceeded 11 billion liters in total fuel volumes, marking the highest-ever nine-month volumes

FII8: Saudi Arabia strengthens framework for high-integrity carbon markets to achieve national emission reduction targets

Strategic collaboration between the Regional Voluntary Carbon Market Company, Clean Development Mechanism Designed Authority

UAE: Petrol, diesel prices for November 2024 announced

The prices will be applicable starting November 1

Oil prices soar on optimism over U.S. demand, potential OPEC+ output delays

Brent crude futures were up by 47 cents, or 0.65 percent, reaching $73.02 a barrel

Oil prices climb following unexpected draw in U.S. oil stocks, anticipation of key economic data

Brent oil futures for December delivery climbed 0.5 percent to $71.50 per barrel

Top global ministers, energy leaders to convene at ADIPEC 2024 in Abu Dhabi

More than 1,800 speakers from across government, energy, finance and technology sectors will come together at the event

Nakheel, DEWA partner to develop $73.5 million substations on Dubai’s Palm Jebel Ali

Project includes the construction of two 132/11 KV substations with a total capacity of 400 megavolt amperes

QatarEnergy partners with TotalEnergies on major 1.25 GW solar project in Iraq

This project aims to be one of the world's largest, featuring 2 million high-efficiency bifacial solar panels on single-axis trackers

Sheikh Mohammed and Vietnam PM discuss enhancing bilateral cooperation, sign CEPA

CEPA facilitates UAE service providers' access to various sectors in Vietnam, including business, finance, and tourism

Oman’s OQEP shares listed on MSX as largest company with over $7.79 billion capitalization

This underscores efforts to diversify MSX by adding key players from various sectors of Oman’s economy

Abu Dhabi’s NMDC Group reports $598.96 million net profit in first nine months of 2024, driven by strong project pipeline

A remarkable 68 percent increase in revenues and a 45 percent rise in net profits compared to the same period last year

Oil prices plummet as Middle East tensions ease, demand outlook weakens

Brent Oil Futures set to expire in December decreased by 4.1 percent, closing at $72.97 a barrel

Oil prices surge with notable weekly gains as traders react to supply concerns, mixed economic signals

Brent crude futures for December delivery rose 0.4 percent to $74.70 per barrel

ADIPEC 2024 to focus on harnessing AI, ensuring inclusivity

Engaging sectors and communities to chart a path for global energy transformation

Abu Dhabi’s ADIPEC 2024 to explore role of AI, finance in accelerating energy transition

Event to feature more than 1,800 leading innovators, experts, and visionaries from fields of energy and AI

NMDC Energy profits surge 145 percent to $109.45 million in Q3 2024

Revenue in the first nine months of 2024 rose 96 percent to a record high of $2.66 billion

Oil prices rise amid Middle East tensions and U.S. election uncertainty, recovering previous losses

Brent crude futures increased by 95 cents, or 1.27 percent, reaching $75.91

Middle East transformer market: The hurdles and driving forces

By 2030, the Middle East is anticipated to add over 600,000 MVAs in transmission capacity, driving the demand for power transformers in the region

UAE, Rajasthan sign investment agreement to pursue 60 GW renewable energy project in India

Both nations have set ambitious clean energy targets in recent years

Oil prices decline amid rising U.S. inventories, ongoing Middle East tensions

Brent crude futures for December fell 0.4 percent, settling at $75.75 per barre

Global oil demand to reach over 100 million barrels per day by 2050: Saudi Aramco

CEO noted that Asia's energy transition is lagging, marked by less equity and greater complexity than expected 

Sharjah Chamber hosts Japanese delegation, discusses enhancing economic cooperation

The Chamber seeks to boost knowledge exchange and collaboration between investors from both nations

Saudi flynas partners with VCM on carbon offsetting, environmental protection, and sustainability

The deal supports the Kingdom's climate ambitions to achieve net zero emissions