Arab

Oil Price

Saudi Aramco Profit Drops 50% for First Half of the Year as Pandemic Batters Oil Price

Oil giant Saudi Aramco reported a 50% fall in net income for the first half of its financial year, reflecting a devastating year for oil markets and the global …

Oil & Gas Trade

U.S. Sends Crude Oil To World’s Top Exporter Saudi Arabia

The U.S. sent in June its first crude oil shipment to Saudi Arabia since the ban on crude export was lifted in 2015, which was also the first shipment since one…

United Arab Emirates

Abu Dhabi Plans to Construct New Projects in Energy Sector

Awaidha Murshed Al Marar, Chairman, Abu Dhabi Department of Energy (DoE), has said that encouraging investment in the energy sector is one of the department's s…

Nuclear Power Plant

UAE Announces Operation of First Arab Nuclear Power Plant

The United Arab Emirates announced the start-up operations of its first nuclear power plant in capital Abu Dhabi.

Market Analysis

Wind Industry Remained Resilient During COVID-19 Crisis

Despite major disruptions to production and assembly in the first semester, installation of new wind farms over the first half of 2020 was comparable to previou…

Solar Power Plant

Chinese Contractor to Build 900MW UAE Mega-Solar

Saudi developer ACWA Power has appointed Shanghai Electric as the engineering, procurement and construction (EPC) contractor for the 900MW fifth phase of the Mo…

Saudi Arabia

EWEC Announces Partners to Develop the World’s Largest Solar Plant

The Emirates Water and Electricity Company (EWEC), a leading company in the coordination of planning, purchasing and providing of water and electricity across t…

Saudi Arabia

MENA Fund to Increase Saudi Investments with Eye to Recovery

Middle Eastern fund managers plan to increase investments in Saudi Arabia in the current quarter, betting on the kingdom’s ability to bounce back from the coro…

Energy Storage Battery

Finding the Right Role for Battery Storage in the Middle East

Based in the United Arab Emirates (UAE), Dr Imran Syed is head of industrial power for Enerwhere, designing and implementing hybrid systems that use energy stor…

Solar Power Plant

EWEC Awards Contract for 2GW Solar Power Plant Project in UAE

The Emirates Water and Electricity Company has awarded a contract to a development consortium for a 2GW solar power plant located in the UAE.

Oil & Gas Trade

Saudi Oil Exports Down by Nearly $12 billion Year-on-year in May

The value of Saudi Arabia’s oil exports dropped by 65% year-on-year in May, or a fall of nearly $12 billion, official data showed on Thursday.

Saudi Arabia

Saudi Arabia’s Oil Exports Fall 65% in May, WTI Regains $42

Citing official data, Oil exports from Saudi Arabia, the OPEC’s top producer, fell by 44,277 million riyals (USD12 billion) or 65.0% in May 2020.

Oil & Gas Trade

Texas Oil Regulator Accuses Saudi Arabia and Russia of Dumping Crude on U.S. Markets

Urge the federal government to investigate and take appropriate action against Saudi Arabia and Russia for excessive crude dumping.

Oil & Gas Trade

Tanker off UAE Sought by US Over Iran Sanctions ‘Hijacked’

An oil tanker sought by the U.S. over allegedly circumventing sanctions on Iran was hijacked on July 5 off the coast of the United Arab Emirates.

Energy Technology

Green Hydrogen Project to Use Topsoe Ammonia Technology

A US$5 billion dollar green hydrogen production facility to be sited in NEOM, Saudi Arabia, will include Topsoe's proven ammonia technology.