Madbouly Witnesses Inking Of Land Deals To Implement 2 Electricity Projects In Sohag Prime Minister Mostafa Madbouly witnessed on Wednesday 1/5/2024 a ceremony for inking two land hand-over minutes to implement two projects of establishing stations for generating electricity from wind energy in the west of Sohag, Upper Egypt, in presence of Electricity ...
KPC: Kuwait Oil Price Down To USD 85.21 Pb (MENAFN - Kuwait News Agency (KUNA)) KUWAIT, May 4 (KUNA) -- The Kuwaiti oil price fell 42 cents to USD 85.21 per barrel (pb) on Friday compared to USD 88.63 pb the day before, Kuwait Petroleum ... ... ...
UAE’s non-oil revenues hit by April floods, but quick recovery expected Read in عربي, 简体中文. | May 3, 2024 | The floods that brought the United Arab Emirates to a standstill last month have taken a toll on the country’s non-oil economic growth, which slumped in April to its lowest level in eight months, new data showed Friday. ...
EGA completes acquisition of German firm Leichtmetall Emirates Global Aluminium (EGA), the largest ‘premium aluminum’ producer in the world, has announced the completion of the acquisition of Leichtmetall Aluminium Giesserei Hannover GmbH. | EGA announced its intention in March to acquire Leichtmetall from Leichtmetall...
UAE, Austria witness increasing mutual investments VIENNA / WAM | The latest economic figures confirm that UAE-Austrian relations have reached distinguished levels, as Emirati exports to Austria, including crude oil, aluminium products, machinery, and electrical appliances, increased by 20.6 percent in 2023, totalling ...
ACWA Power signs PPA for Central Asia’s largest wind farm Saudi-listed ACWA Power, the world’s largest private water desalination company, and a leader in energy transition and first mover into green hydrogen, has signed a Power Purchase Agreement (PPA) with the National Electric Grid of Uzbekistan for Central Asia’s large...
Egypt braces for second summer of power cuts Middle East OnlineCAIRO - Among the bustling workshops of central Cairo's al-Sabtiyah district, Om Ghada's blacksmith business has seen profits dip as two-hour power cuts each day returned after a brief suspension during the holy month of Ramadan. | When scheduled out...
Adnoc boosts its oil production capacity to record levels Upstream OnlineAbu Dhabi National Oil Company (Adnoc) has increased its oil production capacity to 4.85 million barrels per day, up from the previous 4.65 million bpd level, the Emirati state giant has confirmed. ...
UAE’s EGA completes acquisition of Leichtmetall in European expansion push The NationalEmirates Global Aluminium, the UAE’s largest industrial company outside the oil and gas sector, has completed the acquisition of Germany's Leichtmetall Aluminium as it looks to expand its presence in Europe’s aluminium recycling market. | EGA acq...
Acwa Power obtains $3 billion for Saudi projects Gulf NewsDubai: Saudi renewables Acwa power gets funding of $3 billion (Dh11 billion) for two projects in Saudi Arabia in Medina and Qassim. | The energy company is backed by the Kingdom’s Public Investment Fund (PIF) and operates in the Middle East, and Ce...
Iran Claims to Have Expanded Its Axis of Resistance Oil PricePolitics, Geopolitics & Conflict Danish shipping giant Maersk has raised the lower end of its full-year guidance thanks to Houthi attacks that have disrupted Red Sea shipping. Maersk is now expecting Q1 profits of $208 million on $12.4 billion in rev...
Saudi-Uzbek energy investments reach $14B: Minister Eye Of RiyadhPrince Abdulaziz bin Salman, Minister of Energy, stated that the energy sector represents an important aspect of the growing relationship between Saudi Arabia and Uzbekistan, especially in the field of renewable energy. The size of investments betwee...
