Energy

Egypt inks 7 MoUs valued at $30bln to produce green hydrogen

Companies included Saudi Al-Fanar and UAE's Alcazar

“OPEC” countries support Saudi position to reduce production at any time

Nuclear negotiations with Iran and their return to oil markets

Kuwait raises oil output in line with OPEC+ to meet growing demand

Al-Faris: Since 2020, OPEC+ successfully maintained oil market stability

Oil slips as fears of imminent OPEC+ output cut fade

Output cuts likely to coincide with Iran’s possible return to oil markets

Oil climbs as Saudi Arabia warns of OPEC output cuts

OPEC + will soon begin working on a new agreement for post-2022

TotalEnergies, ENI, make major gas discovery offshore Cyprus

Exploration contributes to energy security, additional gas supply to Europe

Bahrain plans countrywide 72 MW solar PV installations

As part of the country’s vision to adopt a circular carbon economy

Middle East states set for $1.3tn oil windfall, IMF says

Azour: "Critical to maintain fiscal discipline and momentum on reforms"

COP27: An opportunity to spotlight Egypt’s water scarcity

Third filling of Nile dam heightens Ethiopia-Egypt crisis

Saudi, UAE to produce 205,000 EVs combined yearly towards 100% adoption

OBG: Range anxiety, digital security are main challenges

Electric vehicle demand upsurge boosts market for UAE EV service  

Royal Swiss Auto offers vast range of EV care and maintenance services  

GCC: Independent hotels need help to meet zero-emissions goals

Some hotels are not being able to access dedicated internal support

Saudi’s Kingdom Holding unveils 3-year $3.4 bn investment program

Including 1.97 billion riyals in Russian energy companies

WGES supports UAE’s preparations for hosting COP28

Summit reflects UAE's unlimited support for energy, climate change issues

Oil prices fall as Saudi Aramco prepares to maximize output

Production at several US offshore platforms in the Gulf of Mexico has resumed

Saudi C’s Q2 profits beat expectations

Announced a dividend of $18.8 billion

Egypt rationing gas use to sell more of it overseas

Shops and malls will have to limit their use of strong lights

Dark clouds ahead of Egypt’s COP27

Poorer countries scream foul, and China out of climate negotiations

ADNOC aims production growth with $1.17 bn contract

Contract awarded by ADNOC Offshore to ADNOC Logistics & Services

OPEC lowers its forecast for oil demand growth in 2022

This is due to war, inflation, and plans to contain Corona

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

DEWA’s second-quarter net profit rises 40%

UAE’s growing energy demand boosted DEWA profits