UAE’s non-oil revenues hit by April floods, but quick recovery expected Read in عربي, 简体ä¸æ–‡. | May 3, 2024 | The floods that brought the United Arab Emirates to a standstill last month have taken a toll on the country’s non-oil economic growth, which slumped in April to its lowest level in eight months, new data showed Friday. ...
EGA completes acquisition of German firm Leichtmetall Emirates Global Aluminium (EGA), the largest ‘premium aluminum’ producer in the world, has announced the completion of the acquisition of Leichtmetall Aluminium Giesserei Hannover GmbH. | EGA announced its intention in March to acquire Leichtmetall from Leichtmetall...
UAE, Austria witness increasing mutual investments VIENNA / WAM | The latest economic figures confirm that UAE-Austrian relations have reached distinguished levels, as Emirati exports to Austria, including crude oil, aluminium products, machinery, and electrical appliances, increased by 20.6 percent in 2023, totalling â...
ACWA Power signs PPA for Central Asia’s largest wind farm Saudi-listed ACWA Power, the world’s largest private water desalination company, and a leader in energy transition and first mover into green hydrogen, has signed a Power Purchase Agreement (PPA) with the National Electric Grid of Uzbekistan for Central Asia’s large...
Egypt braces for second summer of power cuts CAIRO - Among the bustling workshops of central Cairo's al-Sabtiyah district, Om Ghada's blacksmith business has seen profits dip as two-hour power cuts each day returned after a brief suspension during the holy month of Ramadan. | When scheduled outages began last summ...
Adnoc boosts its oil production capacity to record levels Abu Dhabi National Oil Company (Adnoc) has increased its oil production capacity to 4.85 million barrels per day, up from the previous 4.65 million bpd level, the Emirati state giant has confirmed. ...
UAE’s EGA completes acquisition of Leichtmetall in European expansion push Emirates Global Aluminium, the UAE’s largest industrial company outside the oil and gas sector, has completed the acquisition of Germany's Leichtmetall Aluminium as it looks to expand its presence in Europe’s aluminium recycling market. | EGA acquired the company fr...
Acwa Power obtains $3 billion for Saudi projects Dubai: Saudi renewables Acwa power gets funding of $3 billion (Dh11 billion) for two projects in Saudi Arabia in Medina and Qassim. | The energy company is backed by the Kingdom’s Public Investment Fund (PIF) and operates in the Middle East, and Central and SouthEast ...
Iran Claims to Have Expanded Its Axis of Resistance Oil PricePolitics, Geopolitics & Conflict Danish shipping giant Maersk has raised the lower end of its full-year guidance thanks to Houthi attacks that have disrupted Red Sea shipping. Maersk is now expecting Q1 profits of $208 million on $12.4 billion in rev...
Saudi-Uzbek energy investments reach $14B: Minister Eye Of RiyadhPrince Abdulaziz bin Salman, Minister of Energy, stated that the energy sector represents an important aspect of the growing relationship between Saudi Arabia and Uzbekistan, especially in the field of renewable energy. The size of investments betwee...
Nuclear Watchdog Chief Set To Visit Iran On May 6-8 Radio Free EuropeInternational Atomic Energy Agency (IAEA) chief Rafael Grossi is scheduled to visit Iran to take part in a nuclear conference from May 6 to May 8 and to meet Iranian officials, Iran's semiofficial Mehr news agency said on April 30. "Grossi will ...
Thu 2 May 2024
Why Are U.S. Sanctions Against Iran&aposs Oil Exports Ineffective? Radio Free EuropeIran is one of the most sanctioned countries in the world. But restrictions imposed by the United States have largely failed to stymie Iran's oil exports, the backbone of its flailing economy. | U.S. sanctions have cut off Iran from most of its tradi...
Wed 1 May 2024
Masdar, Bapco Energies eye 2 GW of offshore wind in Bahrain Renewables NowAbu Dhabi Future Energy Company, better known as Masdar, and Bahrain’s Bapco Energies have joined forces to develop and invest in near-shore and offshore w ......
Kuwait Oil Company plans 1-GW solar initiative Renewables NowKuwait Oil Company is planning to deploy 1 GW of solar energy in the Gulf country as part of a strategy developed by the Kuwaiti oil sector to reduce emiss ......
