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Energy
Egypt
Egypt inks 7 MoUs valued at $30bln to produce green hydrogen
Companies included Saudi Al-Fanar and UAE's Alcazar
Energy
“OPEC” countries support Saudi position to reduce production at any time
Nuclear negotiations with Iran and their return to oil markets
Energy
Kuwait raises oil output in line with OPEC+ to meet growing demand
Al-Faris: Since 2020, OPEC+ successfully maintained oil market stability
Energy
Oil slips as fears of imminent OPEC+ output cut fade
Output cuts likely to coincide with Iran’s possible return to oil markets
Energy
Oil climbs as Saudi Arabia warns of OPEC output cuts
OPEC + will soon begin working on a new agreement for post-2022
Energy
TotalEnergies, ENI, make major gas discovery offshore Cyprus
Exploration contributes to energy security, additional gas supply to Europe
Bahrain
Bahrain plans countrywide 72 MW solar PV installations
As part of the country’s vision to adopt a circular carbon economy
Energy
Middle East states set for $1.3tn oil windfall, IMF says
Azour: "Critical to maintain fiscal discipline and momentum on reforms"
Energy
Saudi Arabia is creating the World’s largest urban park
Project is valued at $23 billion
Energy
COP27: An opportunity to spotlight Egypt’s water scarcity
Third filling of Nile dam heightens Ethiopia-Egypt crisis
Energy
Oil prices edge up from 6-month lows after drop in U.S. stockpiles
Oil falls to a 6-month low on Tuesday
Energy
Saudi, UAE to produce 205,000 EVs combined yearly towards 100% adoption
OBG: Range anxiety, digital security are main challenges
Energy
Electric vehicle demand upsurge boosts market for UAE EV service
Royal Swiss Auto offers vast range of EV care and maintenance services
Energy
GCC: Independent hotels need help to meet zero-emissions goals
Some hotels are not being able to access dedicated internal support
Energy
Saudi’s Kingdom Holding unveils 3-year $3.4 bn investment program
Including 1.97 billion riyals in Russian energy companies
Energy
WGES supports UAE’s preparations for hosting COP28
Summit reflects UAE's unlimited support for energy, climate change issues
Energy
Oil prices fall as Saudi Aramco prepares to maximize output
Production at several US offshore platforms in the Gulf of Mexico has resumed
Energy
Saudi C’s Q2 profits beat expectations
Announced a dividend of $18.8 billion
Egypt
Egypt rationing gas use to sell more of it overseas
Shops and malls will have to limit their use of strong lights
Egypt
Dark clouds ahead of Egypt’s COP27
Poorer countries scream foul, and China out of climate negotiations
Energy
ADNOC aims production growth with $1.17 bn contract
Contract awarded by ADNOC Offshore to ADNOC Logistics & Services
Energy
OPEC lowers its forecast for oil demand growth in 2022
This is due to war, inflation, and plans to contain Corona
Energy
IHC acquires 50% of Turkish ‘Kalyon Enerji’ in $490 mn transaction
Deal in line with IHC’s long-term investment strategy in the clean energy sector
Energy
DEWA’s second-quarter net profit rises 40%
UAE’s growing energy demand boosted DEWA profits
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