Energy

Saudi Arabia sets up carbon market firm to support net zero goal

Fund will hold 80% stake in 500-million-riyal company, 20% for Tadawul

World still needs Russian oil to flow even with price cap: IEA

"The world is experiencing the first truly global energy crisis"

QatarEnergy partners with Shell for large-scale LNG project

Shell claims 9.3% of shares in the NFS expansion project

Saudi says OPEC+ is doing everything possible to ensure market stability

Saudi, China agree to strengthen energy cooperation

Lebanon signs demarcation agreement next week

Fitch: Lebanon not to receive significant revenues before start of production

UAE receives high ratings for ESG compliance

In contrast to the relatively low global average of only 5.5 out of 10

Europe might face a “much worse” energy crisis in 2023, Qatar warns

"The issue is going to be replenishing the reserves, or storage, for next year"

Saudi, Oman, and UAE well-placed to export zero-carbon hydrogen

Given their access to cost-efficient renewables

UAE rejects statements pushing to politicize OPEC+’s decision

"OPEC+'s recent decision was taken unanimously, based on a vote"

Oil industry requires $12 tn in investments until 2045: OPEC

"Oil price volatility means that no investments are being made"

DEWA’s revolutionary path toward energy sustainability

WETEX, Dubai Solar, anchor UAE’s image as green tech leader  

Ahmed Al Jaber headlines UAE’s minister speakers at ADIPEC

With the participation of dozen global ministers

Saudi rejects criticism over OPEC+’s decision to cut output

Foreign Ministry: "Statements are not based on facts"

S&P: Gulf chemical companies can withstand challenges

Pressures on GCC's chemical companies are similar to rest of the world

DEWA set to distribute cash dividends of AED3.1 bn for H1

Dividend will be paid to the Company’s eligible shareholders in October 2022

“Historic” maritime demarcation agreement between Lebanon, Israel, nearing

Amos Hochstein's efforts could lead to a historic agreement

Sharjah Sustainable City awarded ‘Best Sustainable Residential Development’

In recognition of city's efforts in creating sustainable, happy community

ADNOC Drilling awards $1.53 bn contract

To boost ADNOC's offshore operations

Egypt launches first organic fish farm

Project valued at 1 billion Egyptian pounds