Aramco still aims for $15bn investment in India’s Reliance

A deal with Reliance would help the world’s biggest crude exporter join the ranks of the top oil refiners and chemical makers

Oil giant Aramco sticks with dividend even as profit crashes

Aramco will pay a dividend of $18.75bn for the quarter

Gold barrels past $2,000 with stage set for prices to rally more

Bullion is up more than 30 per cent this year, and could extend gains as governments and central banks respond to slowing growth with vast amounts of stimulus

Shanghai Electric awarded contract for 5th phase of Dubai solar park

The Solar Park project is the largest single-site solar power plant in the Middle East

dubai silicon oasis

Dubai Silicon Oasis switches to AI-enabled IBMS, saving Dhs1m monthly

AI system leads to 36 per cent less energy usage per year while reducing operators from 110 to five

china oman

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

China’s state-owned oil giant is reportedly conducting advanced discussions with BP for a 10 per cent stake in the Khazzan natural gas field

Saudi Aramco loses status as most valuable publicly listed company to Apple as Amazon closes in

Amazon riding an e-commerce and cloud computing wave as people shelter-in-place due to Covid-19

Oil prices

Saudis seen cutting oil price for first time in four months

OPEC and allied producers have started to ease output curbs amid weakening demand

ADNOC considers stake sale in $5bn of properties

The plan is in its inception stage and could still change

UAE announces fuel prices for August 2020

Petrol prices will stay the same for the fifth consecutive month

Bee'ah Solar Farm Sharjah

Bee’ah to launch Middle East’s first solar energy landfill project in Sharjah

The project will be able to generate more than 42 megawatts of energy per year

Abu Dhabi’s EWEC awards contract for ‘world’s largest’ solar power plant

Al Dhafra Solar PV project is expected to provide approximately 160,000 households across the UAE with electricity

Saudis stuck home for summer burn more oil for air conditioners

The extra oil going toward power may limit the price impact of OPEC’s plan to taper output restrictions from next month

Abu Dhabi moves to get more value from oil with chemical venture

ADNOC and its partner, ADQ, agreed to invest in and manage downstream activities at the planned Ruwais Derivatives Park

UAE energy trader to restructure finances following oil’s crash

GP Global Group started the restructuring effort as the virus swept through economies around the world

Aramco joins Exxon, BP, Shell in starting to curb own emissions

Members of the Oil & Gas Climate Initiative pledged to reduce the carbon intensity of their operations to between 20 and 21 kilograms of carbon dioxide per barrel of crude equivalent by 2025

Sharjah’s Bee’ah launches new biomass facility

The plant will process 200 tonnes of cellulose and carbon-based waste daily

Barakah plant Units 1 and 2 low res copy

UAE’s ENEC completes construction of second unit of Barakah nuclear energy plant

Located in Al Dhafrah, the Barakah plant is one of the largest nuclear energy new build projects in the world

Saudis meet some oil buyers’ requests ahead of OPEC+ panel

Producers as well as their allies have slashed exports as OPEC+ embarked on its biggest-ever joint oil production cuts amid reduced demand

OPEC readies next move in bid to avoid oil-market taper tantrum

While oil prices have recovered to $43 a barrel in London, from a two-decade low of $15.98 in late April, sentiment in the market remains fragile

Air Products plans $5bn green fuel plant in Saudi Arabia

The project will be located at Neom on the Red Sea coast in northwestern Saudi Arabia

TOPSHOT - A worker wearing a hard hat walks past a mural in Dubai on June 3, 2020. - Shopping malls in Dubai will fully reopen for business on June 3, in the latest easing of COVID-19 coronavirus restrictions, the emirate's media office announced. The step makes the glitzy city-state the first in the Middle East to drop nearly all restrictions to combat the spread of the novel coronavirus that hit retailers and leisure activities. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Messages from executives: How are regional offices reopening amid Covid-19 concerns?

With regional businesses now allowed to return back to offices, how are they handling the transition?

ADNOC hires Morgan Stanley veteran Klaus Froehlich as CIO

Froehlich spent 16 years working at Morgan Stanley in Europe and the Middle East

How should regional economies rebuild a post-Covid world

Sustainability must take priority as economies begin the process of recovering from the impact of the coronavirus

Energy innovation spend needs to triple by 2030 to hit climate goals

As much as 60 billion tons of emissions, about twice what the world spewed out in 2019, could be prevented if money is spent in these new markets

OPEC cuts output to lowest since 1991 as virus slams oil demand

The Organization of Petroleum Exporting Countries cut production by 1.93 million barrels a day to 22.69 million a day last month

Abu Dhabi City United Arab Emirates

UAE’s Taqa to offer more shares in asset-transfer deal

Taqa has 23 gigawatts of power-generation capacity globally, with assets in Canada, Ghana, India, Iraq, the US and several other countries

UAE oil-storage hub to open new tanks this year

Brooge is adding eight tanks at the site in the UAE port of Fujairah

UAE announces fuel prices for July 2020

Prices are unchanged from April 2020

Oil extends drop with virus milestones spurring demand angst

A surge in cases across the southern and western US is causing states to reinstate measures, threatening the outlook for oil demand