EU announces US$1 billion aid to Lebanon to curb migration Lebanese caretaker Prime Minister Najib Mikati, center, welcomes Cyprus' President Nikos Christodoulides, left, and Ursula von der Leyen, president of the European Commission, pose for a photograph at the government palace in Beirut, Lebanon, Thursday, May 2, 2024.... CyprEuropean UnionLebanonPhotos
Former US oil executive accused of trying to collude with Opec A US regulator on Thursday alleged a former oil chief executive tried to collude with Opec members to raise American petrol prices to increase his company's profits. | The complaint focuses on oil production in the Permian Basin, an oilfield between western Texas and so...
UAE, Iran hold first session of JEC to boost economic cooperation ABU DHABI / WAM | The first session of the Joint Economic Committee (JEC) between the UAE and the Islamic Republic of Iran was held in Abu Dhabi, chaired by Abdullah bin Touq Al Marri, Minister of Economy, and Mehrdad Bazrpash, Minister of Road and Urban Development of ...
Egypt Eyes Large Role in Green Hydrogen Production As host of COP27 two years ago, Egypt saw a flurry of announcements for large scale green hydrogen production mostly in the huge Suez Canal Economic Zone (SCZone) that straddles the ship canal from Port Said to the Gulf of Suez. The proposals draw upon Egypt’s rich so...
Taliban Aims to Create Energy Trade Hub Eyeing Russian Oil Exports The Taliban, who govern Afghanistan, are working with Kazakhstan and Turkmenistan to create a regional energy trade hub that would facilitate oil sales from Russia to South Asia, Taliban acting commerce minister Nooruddin Azizi told Reuters this week. Representatives o...
UAE and Iran hold meet to promote cooperation in new economy sectors Abdulla Bin Touq Al Marri and Mehrdad Bazrpash during event in Abu Dhabi. | The first session of the Joint Economic Committee (JEC) between the UAE and the Islamic Republic of Iran was held in Abu Dhabi, chaired by Abdulla Bin Touq Al Marri, Minister of Economy, from th...
UAE Quietly Boosts Oil Production Capacity Ahead of OPEC Meeting The United Arab Emirates state-owned oil company, Adnoc, has updated its maximum crude oil production capacity figure—and without much fanfare. ADNOC has quietly updated the figure on its website but did not make an official announcement. The new capacity is 4.85 mi...
Taliban plan regional energy trade hub with Russian oil in mind KABUL - The Taliban has agreed with Kazakhstan and Turkmenistan to build a logistics hub in western Afghanistan aimed at making the war-torn nation a major logistics point for regional exports, including oil from Russia to South Asia, the country's commerce minister sai...
‘Balanced approach’ key for sustainable energy future The Daily Tribune - BahrainThe Minister of Oil and Environment and the Special Envoy for Climate Affairs, His Excellency Dr. Mohammed bin Mubarak Bin Daina, highlighted the pressing issue of the energy crisis and the lack of investments in new opportunities within the energy s...
Taliban plans regional energy trade hub Business DayKabul — The Taliban has agreed with Kazakhstan and Turkmenistan to build a logistics hub in western Afghanistan aimed at making the war-torn nation a major logistics point for regional exports, including oil from Russia to South Asia, the country...
India resumes purchasing Russian crude oil Amwal Al GhadIndian Oil Corp. resumed its purchase of Russian crude oil transported via a tanker owned by Sovcomflot PJSC this week, marking a significant step towards restoring oil flows between Russia and India. ......
Lucid and KACST announce joint EV technology research in Saudi Arabia Gulf NewsKing Abdullah Economic City: Lucid Group and King Abdulaziz City for Science and Technology (KACST) have signed a Memorandum of Understanding dedicated to advancing electric vehicle technology in the Kingdom. | Under the partnership, Lucid Grou...
Saudi Aramco CEO says 80% of oil demand to come from Global South by 2050 Hellenic Shipping News WorldwideSaudi Aramco’s CEO Amin Nasser said April 29 that nations in the Global South will continue to fuel oil demand growth and urged investments in renewables and hydrocarbons to help nations meet a global net-zero deadline by the middle of the cent...
No plans for power cuts: Ministry ready to tackle summer challenges Arab TimesKuwait’s renewable energy push: Ministry ready to tackle summer challenges. | KUWAIT CITY, May 2: In response to concerns raised by several representatives regarding potential power outages, Engineer Maha Al-Asousi, the acting Undersecretary of...
Egypt eyes expansion of South Korean investments – PM Amwal Al GhadEgypt is actively seeking to expand South Korean investments in various sectors alongside current investments, stated Prime Minister Moustafa Madbouly on Thursday. ......
Oil partially recovers losses in early Thursday trade Amwal Al GhadOil partially recovered from its recent drop after a sharp decline on Wednesday driven by a significant increase in US crude inventories, raising concerns about weakening demand. ......
EU, Saudi Eye Pact on Energy Transition RigzoneSaudi Arabia and the European Commission are planning cooperation on renewable power, clean energy technology and carbon capture. ... ...
Norway’s Scatec explores 5 new renewable energy projects in Egypt Daily News EgyptNorwegian renewable energy company Scatec is studying five new projects in Egypt, including a massive battery storage facility, a 1 GW solar power plant, green hydrogen and ammonia plants, and a project to convert one of Egypt’s largest alumini...
AI leader Presight acquires 51% stake in ADNOC-G42 joint venture AIQ GCC Business NewsAbu Dhabi National Oil Company (ADNOC), G42 and Presight have signed an agreement in which Presight will acquire a 51 percent stake in AIQ, a joint venture between ADNOC and G42. | Under the transaction, ADNOC will retain a 49 percent shareholding (p...
