Electric vehicles could become comparable to traditional combustion engine vehicles by 2023, the bank forecasts
Union announced it was in the final stages of the sale a week and a half ago
The plants will have capacity of 240,000 cubic metres of water per day
A oil supply cut deal is due to expire in December
The IEA said oil markets would balance in 2018 if producers maintained compliance with the OPEC deal
The deal is part of Aramco’s diversification efforts
Much of the investment is expected to come from public-private partnerships
The 200 MW Baynouna solar project will be Jordan’s largest solar power plant
The emirates saw a 23-fold increase in clean energy investment last year
A joint venture between the Saudi government and the winning developers will be signed in 2019
Siemens forecasts natural gas will become the region’s number one power source by 2035
A final decision has yet to be made by Saudi Crown Prince Mohammad bin Salman
Sentiment was boosted by a surprise drop in US production and lower US crude inventories
Oil prices have rallied to their highest level since May 2015
The loans will offer slim returns but banks hope to position themselves for work on Aramco’s IPO
ACWA sent a request for proposals last week
The UK government previously agreed a $2bn loan guarantee for Aramco in November
The fields are expected to meet 20 per cent of the UAE’s gas needs
The deal would be “a merger of equals”, according to sources
The kingdom has slowed plans to eliminate subsidies for a wide range of energy products
DEWA’s CEO recently toured the 4,400 square metre facility
Washington usually requires a country to sign a peaceful nuclear cooperation pact
Oil prices are trading near to $64 a barrel, close to their highest since 2015
The strong opening eased concerns about demand for the stock last week
The proceeds will be used to support a new programme for lower income households
The spending plan is higher than Aramco’s projection last year of around $334bn
The UAE will hold the presidency of the 14-nation Organisation of the Petroleum Exporting Countries in 2018
OPEC and non-OPEC producers have agreed to extend output cuts until the end of 2018 as they try to clear a global oil glut
The bank warned that rising political tensions in the Middle East could impact supply, despite the improved forecast
Saudi Arabia is wooing Baghdad in an effort to halt the growing regional influence of arch-foe Iran