Energy

Oil prices soar on unexpected voluntary cut from OPEC+

A "precautionary" measure to ensure "stability and balance" in crude markets

What will happen at Monday’s OPEC+ meeting?

The meeting comes in light of the turmoil witnessed by the global banking sector

Oil extends gains for a third straight day

Amid Kurdish supply concerns and banking relief

Saudi Aramco, China sign $12.2 bn oil refinery deal

Saudi company takes $3.6 bn stake in Chinese oil refinery Rongsheng

How do we make water sustainable?

Why we need to produce water more efficiently and use it more wisely

Kuwait oil leak: Was production affected?

No injuries occurred as a result of the spill

Oil prices bounce back after plummeting to lowest since 2021

Crude oil has been on a declining trajectory since last June

Algeria joins Saudi, warns of a move to cap oil prices

Oil prices have fallen to levels seen at the end of 2021

Chinese-branded EVs will account for 50% of global EV sales by 2026

Tech giants will control 95% of new cars' operating systems by 2025

Saudi Aramco intends to form a powertrain JV with Renault and Geely

To develop more efficient gasoline engines and hybrid systems

World Bank announces $9.13 mn grant to Egypt to fight pollution

In support of the country's climate change efforts

Why did Egypt decide to return to daylight saving time?

40 percent of the world's countries apply this

ACWA Power closes $8.5 bn for NEOM’s green hydrogen project

Investment will be funded by a combination of long-term debt and equity

Rolls-Royce SPECTRE, electrification at the very top

The house of luxury is set to deliver its first EV

The Road to COP28

The financial sector has a central role in helping to finance the green transition

High demand pushes ADNOC Gas to revise its IPO

The company increases the offered shares from 4% to 5% of the capital

ADNOC Gas IPO

Retail offering ends Wednesday

Türkiye struck again by earthquake of magnitude 6.4

Resulting in at least three fatalities and 294 injuries

Saudi Aramco’s Luberef records net profits of SAR1.97 bn in 2022

Cash dividends proposed, representing 50 percent of its capital