Environment

UAE’s DEWA invests $42.85 million in new 60-million gallon water reservoir in Lusaily

The new reservoir has been constructed adjacent to an existing reservoir with a capacity of 120 MIG of desalinated water

Kuwait announces massive oil and gas discovery estimated at 3.2 billion barrels

This discovery has raised hopes of finding additional hydrocarbons to boost the country's energy resources

Saudi Arabia launches Carbon Capture and Utilization Challenge with UpLink

This challenge aims to seek innovative solutions that accelerate the circular carbon economy

Sustainable investments could unlock $2 trillion for GCC countries by 2030: Report

Green finance is surging in the GCC, with over $8.5 billion in green and sustainable bonds and Sukuk issued in 2022

Sheikh Khaled witnesses signing ceremony for international partners joining ADNOC’s Ruwais LNG project

His Highness met with heads of global energy companies to discuss the future of the sector

One million mangrove seeds planted using drone technology in Abu Dhabi

EAD and its partners completed 14 programs with a progress implementation rate of 49 percent

Oil prices stabilize as market monitors tropical storm Beryl, geopolitical developments

Brent oil futures for September delivery hovered around $85.72 per barrel

Abu Dhabi World Food Security Summit 2024 to empower innovative solutions for hunger-free world

The event is set to be hosted for the first time on November 26-27, 2024

DEWA’s IPWP model attracts $11.87 billion investment over 10 years

Key projects include the Mohammed bin Rashid Al Maktoum Solar Park, which aims for 5,000MW by 2030 at AED50 billion

UAE’s ADNOC, JBIC sign $3 billion green financing agreement

The credit facility is part of JBIC's GREEN lending program and is partially supported by Japanese commercial banks

Emissions spike 50 percent at Google as AI energy demands undermine sustainability targets

Data showed that Google's emissions increased 13 percent year over year in 2023

Tadweer Group launches four new subsidiaries to enhance waste recycling, conversion in Abu Dhabi

Tadweer Environmental Services and Solutions will focus on public waste collection activities

South Korea’s foreign reserves fall $620 million in June amid currency swap, bond payments

As of the end of June, the country’s foreign reserves stood at $412.21 billion

Abu Dhabi’s EAD, TotalEnergies partner to conserve and restore coastal ecosystems in the emirate

As part of this collaboration, EAD and TotalEnergies will research, monitor, and evaluate Abu Dhabi's coastal ecosystems

UAE’s ADNOC embraces AI for sustainability, drives $500 million in savings and 1 million tons of carbon cuts

Last year, ADNOC implemented over 30 AI tools to improve the efficiency of its projects

Natural gas shortage drives 54 percent surge in Egyptian fertilizer prices

Month-on-month prices reached up to $416.57 per ton in June, compared to $270.83 per ton previously

Saudi Arabia’s 1,200-station renewable energy mapping project aims to accelerate clean power goals

The stations seek to measure solar and wind energy across all regions of the Kingdom

Saudi Arabia boosts maritime sustainability with new multimillion-dollar waste recycling plant in Jeddah

The project, valued at $8 million, will cover an area of 10,000 square meters

Global energy demand reaches new high in 2023, fossil fuels maintain dominant share: Report

Energy transition stalls as global primary energy demand rises to 620 Exajoules in 2023

Emirates’ green aviation initiative slashes fuel burn by 48,000 tons, cuts carbon emissions by 151,000 tons

The airline has equipped its pilots with the latest tools and applications to monitor and optimize their flight performance

Abu Dhabi’s KEZAD, Astha Biotech sign lease agreement for $12 million microalgae plant in the emirate

The deal will enable the launch of the UAE's first microalgae company for health, cosmetics, food, and aquaculture

UAE’s ADDED partners with Broaden Energy to establish $272.2 million hydrogen manufacturing hub in Abu Dhabi

The new investment will create new job opportunities and stimulate economic development through innovative industrial solutions