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This agreement aims to optimize CO2 storage using AI and other methods
Brent crude futures dropped 0.7 percent, or 53 cents, to $77.13 per barrel
The MoU secures a long-term supply of renewable energy from a large onshore wind project in Ras Ghareb, Egypt
Quantitative and algorithmic trading account for 70 percent of daily oil futures trading
Brent crude futures declined by 13 cents, or 0.2 percent, to $79.55 per barrel
Brent crude futures, expiring in October, fell 0.1 percent to $80.94 a barrel
The move is a step towards a mandatory market, requiring carbon reduction projects and emissions calculations
Brent crude futures rose 0.21 percent to $79.93 a barrel
The report expects robust demand in Western economies, especially the US, which consumes one-third of global gasoline
TAQA's revenues rose 2 percent annually to AED27.2 billion mainly due to the contribution from SWS Holding
Brent crude oil futures for the October delivery rose 0.5 percent to $81.09 per barrel
There are currently 72 33 kV substations in service and 44,472 medium voltage substations across Dubai
The company will become the 12th member of the MSCI UAE index after meeting the necessary criteria
OPEC reported that the housing, utilities, and fuels sector rose to 6.7 percent YoY in June, up from 6.6 percent in May
Global benchmark Brent crude futures dipped 78 cents, or 0.95 percent, to $81.52 a barrel
OPEC also cut next year's demand growth estimate to 1.78 million bpd from the previous 1.85 million bpd
ADNOC Gas fulfils over 60 percent of the UAE’s gas demand and is a major player in fueling the development of key industrial sectors
The company has raised its medium-term revenue expectations to $3.85 billion for the fiscal year 2024
EBITDA reached AED6.6 billion, operating profit of AED3.3 billion and profit after tax of AED2.6 billion
Brent oil futures slipped 0.1 percent to $79.11 a barrel
Company's non-fuel retail gross profit increased by 13.5 percent annually in Q2 2024 to $56 million
The operating environment score for the sector has been rated 'bbb+'
This represents 31 percent increase YoY
The deal includes a $750 million convertible preferred investment and a $750 million unsecured term loan
