The solar project, which will be developed in phases, will generate up to 1.25 GW at peak using 2 million bifacial solar panels
The weaker outlook highlights the dilemma faced by OPEC+, which is planning to start raising output in December
Oil majors have complained that the terms of Iraq’s traditional oil service contracts meant they could not benefit from rising oil prices and lost out when production costs rose
The energy firm said negotiations over the preliminary agreement are expected to be complete early in 2025
Eagle Hills will develop the luxury community which will include a top-tier golf course, residential neighbourhoods, and a five-star hotel among other amenities
Iraq has repeatedly said it is committed to voluntary cuts but pumped over its output quota by a cumulative 602,000 bpd
The project will establish a vital connection between Iraq’s Grand Faw Port in the south, renowned for its oil resources, and Turkey in the north
The oil demand outlook is uncertain for this year but OPEC expects another year of relatively strong demand growth of 2.25 million bpd
The Crescent Petroleum contracts are expected to begin producing 400 million standard cubic feet per day of natural gas within 18 months
The twice-weekly services operate every Monday and Friday
The energy project aims to recover flared gas on three oil fields in order to supply power plants and build a seawater treatment plant to increase oil production
Oil prices surged after OPEC+ pledged to make production cuts starting next month that will exceed one million barrels a day
The competition remains stiff in the coming years, especially for emerging brands
The carrier currently serves a total of 31 destinations from Abu Dhabi International Airport
Nations should aim to raise spending on technologies including carbon capture, nuclear power and hydrogen, according to Al Jaber
Through this partnership, doctors from Aster will visit FMC’s facilities to consult and provide surgical services which are not locally available
Commodities including oil have also faced a headwind this month from gains in the dollar
The carriers have cancelled flights scheduled for August 30 and 31
The leaders were briefed about the five-star hotel which features several tourist facilities
The UAE is one of Iraq’s most important trading partners, with the value of exported goods totalling over $13.11bn in 2020
Oil prices soared to a seven-year high above $90 a barrel last month, stirring expectations of a return to triple-digits
Whether it is acquiring new international brands or developing homegrown concepts, when an opportunity presents itself, we go after it
It marked a 107 per cent year-on-year rise over the $182m it received in 2020
GMG will become the official distributor partner for Nike in Egypt by June 2022, covering everything from brand management to retail and distribution
Here’s a list of eight participating country pavilions and their offerings
Iraq is aiming to increase the percentage of renewables to 20-25 per cent in its power production capacity by the end of the decade
Total, after signing the deal, will also build a 1,000 megawatt solar power plant
DSI is also bidding for a Dhs260m project in Kuwait and for projects valued at Dhs1.49bn in Iraq
The joint statement came at the conclusion of the official visit by Iraqi Prime Minister Dr. Mustafa Al Kadhimi to the UAE
The company will initially launch operations in Erbil, Iraqi Kurdistan early next year, before expanding into Federal Iraq