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COVID-19 accelerates energy transition

The past year has been an unprecedented time, with COVID-19 having an immediate and significant impact on all aspects of the energy sector. Despite...

Tabreed Acquires AED2.48 billion Stake in Emaar District’s Cooling Business

UAE’s National Central Cooling Company (Tabreed) has acquired an 80 per cent stake in Emaar Properties' Downtown Dubai district cooling business. In an announcement made...

US$758mn Green Loan For World’s Largest Desalination Project in UAE

Taweelah Independent Water Project (IWP) has secured the first-ever ‘sustainable loan’ qualification for a water desalination project globally with Independent assessor Vigeo Eiris confirming that...
Barakah Nuclear Power Plant.

UAE Issues Operating License to Region’s First Nuclear Power Plant

The Region’s first nuclear power plant is set to begin operations soon, with UAE’s nuclear regulatory authority granting the operating license for Unit 1...

Worldwide Renewable Energy Would Pay for Itself, Study Says

A new study conducted by Stanford University has found that running the entire world on clean energy would pay for itself in seven years...

Saudi Aramco Props Up Slumping Middle East Energy Debt Market

(Bloomberg) --Gulf Arab energy companies took on marginally more total debt in 2019 compared with the previous year, but the increase was skewed by...

Oil’s 2019 Milestones Tell Decade’s Story of Energy Abundance

(Bloomberg) --Global oil markets notched up a number of milestones this year that echoed the story of the past decade: the world has shifted...

Logistics giant Panalpina sets up office in Oman

Panalpina, an international freight forwarding and logistics company based in Switzerland, is soon planning to set foot in Oman with its office opening in...
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Saudi Arabia, Kuwait Make Breakthrough in Neutral Zone Talks

(Bloomberg) -- Saudi Arabia and Kuwait are the closest in years to restoring oil output from the neutral zone shared by the neighboring nations after making a...
oman oil production

Oman sees a rise in Standard Grade Petrol Production by 41%

The production of standard grade petrol (M-91) by Omani refineries has increased by 41% to touch 13.41 million barrels till the end of November...