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Category :Energy

IEA’s Birol again urges OPEC+ to narrow gap between oil targets and output

Global Business Magazine February 16, 2022

The Organization of the Petroleum Exporting Countries (OPEC) and their allies, known as OPEC+, needed to narrow the gap between their oil Read More

Energy News Regional World

Tighter oil market confirmed by IEA demand revision

Global Business Magazine February 15, 2022

An upward revision in historical oil demand by the International Energy Agency in its monthly report points to a tighter global market Read More

Energy Featured News Regional

UAE Energy Firm Plans Water And Power Projects in Egypt

Global Business Magazine February 15, 2022

The UAE’s energy company AMEA is planning to set up one each water desalination and green hydrogen project in Egypt. AMEA Read More

Energy Featured News Regional

Hassyan Power Complex Adds 1,200 MW To Its Production Capacity

Global Business Magazine February 14, 2022

Dubai Electricity and Water Authority (DEWA) has disclosed that the current production capacity of Hassyan Power Complex reached 1,200 megawatts (MW), using the Read More

Energy Featured News Regional

Boost For Saudi Renewables After Aramco Transfers Shares To PIF

Global Business Magazine February 14, 2022

When Saudi Arabia’s Crown Prince Mohammed bin Salman announced transfer of Saudi Aramco’s 4% shares to state-owned Public Investment (PIF), it Read More

Energy News Regional World

Saudi Crown Prince Mohammed Bin Salman Transfers 4% Of Aramco Shares To PIF

Global Business Magazine February 13, 2022

Saudi Crown Prince Mohammed bin Salman on Sunday announced the transfer of 4% of oil and gas giant Saudi Aramco shares to the Read More

Economy Energy Featured Regional

ESG-Labelled Bonds May Reach $4.5 Trillion Due To Climate Change Threat

Global Business Magazine February 7, 2022

Issuance of global ESG-labelled bonds could reach $4.5 trillion per year by 2025, according to new research report by Pictet Asset Management and the Read More

Energy News World

Oil hits seven-year highs as U.S. storm heightens supply concerns

Global Business Magazine February 4, 2022

Oil prices reached seven-year highs on Friday as geopolitical tensions and a winter storm in the United States fuelled concerns over supply Read More

Energy Economy Featured Oil & Gas

Dubai’s Hassyan Coal-fired Power Plant To Convert To natural Gas Based Project

Global Business Magazine February 3, 2022

Moving further ahead to realise Dubai’s carbon neutrality strategy 2050, the Dubai Electricity and Water Authority (DEWA) decided to convert the 2,400 MW Read More