The IMF said it expects the bonanza “to improve fiscal and external balances” in a region that includes 13 exporters in total
These chemicals will be produced in the UAE for the first time creating new revenue streams and opportunities for local manufacturers
West Texas Intermediate futures were steady in early Asian trade after sliding 3.5 per cent on Monday
The state-owned energy company and Austrian chemicals producer plan to sell a 10 per cent stake in their Borouge plastics unit by the end of the quarter
Egypt hosts abundant solar and wind resources that enable renewable power generation at competitive costs
The bank raised its third quarter estimate to $130 a barrel
Deliberations are ongoing, and there’s no guarantee PIF will proceed with an investment
The two plants will be located in Taroudant, in the Souss-Massa region and in El Hajeb, in the Fès-Meknès region, each with a production capacity of 36MW
Oil has advanced more than 40 per cent this year
SEWA’s projects included the installation of 7,132 new lighting poles, laying 215 km of cables and installing 97 lighting boxes
The investor group will get about 10.53 per cent stake in Tata Power Renewable Energy Ltd
Kyrgyzstan is targeting reducing greenhouse gas emissions by as much as 44 per cent by 2030
The two leaders stressed the importance of further developing trade and investment cooperation
Each vessel will have a capacity of 175,000 cubic metres – enough to power 45,000 homes for a year
US crude output will grow at a slower pace than previously expected
Oil prices continue to trade near $100 a barrel
The total number of ENOC’s service stations has now risen to 15 in Sharjah and 164 across the UAE, with the number expected to reach 186 by the end of 2022
The stock is expected to start trading in Dubai around April 12
Luberef would be joining several Aramco subsidiaries already listed on the Saudi stock exchange
More than 60 per cent of Saudi Arabia’s oil shipments go to Asia, with China, Japan, South Korea and India
It is the third consecutive month that fuel prices have increased
West Texas Intermediate futures slid 5 per cent to trade near $102 a barrel, trimming a monthly advance
DEWA is expected to list on the Dubai Financial Market on or around April 12, 2022
The Organization of Petroleum Exporting Countries and its partners have resisted calls to raise output faster
Brent futures briefly surged to a 13-year peak near $139 a barrel earlier this month
This year’s Earth Hour was held under the theme ‘Shape Our Future’
This brings the total dividend for 2021 to Dhs2.57bn
Unit 2 adds a further 1,400MW of clean electricity to the national grid
The kingdom’s sovereign wealth fund signed non-binding memorandums of understanding with five companies
The partnerships build on ADNOC’s position in Asian clean hydrogen markets