Energy

Mubadala Eyes Petroleum Potential in Egypt

ACWA Power Adopts Cryptocurrency SolarCoin

Three Factors That Have Driven Oil Prices To $70 A Barrel

Saudi Aramco Launches Joint Venture to Build Shipyard

ADNOC Distribution To Float 10% For $851 Million

Banks Invest $653 Million To Build The World’s Largest Solar Park In Egypt

Aramex Goes Green With New Electric Vehicles

Oman's First Wind Farm Project to Be Constructed

Energy Now

1 year ago

Mubadala Eyes Petroleum Potential in Egypt

Egypt’s giant offshore gas field Zohr started production in December 2017, a major step towards energy independence for the Arab world’s most populous country. Now, Abu Dhabi’s state fund Mubadala...
1 year ago

ACWA Power Adopts Cryptocurrency SolarCoin

Saudi Arabia's ACWA Power has announced it is adopting the cryptocurrency SolarCoin, a move that will reward the Riyadh-based utility company for producing solar energy. SolarCoin is a...
1 year ago

Three Factors That Have Driven Oil Prices To $70 A Barrel

Brent Crude prices touched $70 a barrel—the highest it has clocked since 2014 on January 11, 2018. This increase in prices will give some fiscal relief to the Arabian Gulf countries and Russia that...
1 year ago

Saudi Aramco Launches Joint Venture to Build Shipyard

Saudi Aramco and several partners have officially launched International Maritime Industries (IMI), a joint venture to build a shipyard on Saudi Arabia’s east coast, according to a statement released...
1 year ago

ADNOC Distribution To Float 10% For $851 Million

ADNOC is planning to raise $851 million floating 10% of its petrol distribution arm—ADNOC Distribution—in the Abu Dhabi Securities Exchange (ADX). The company fixed the offer price to AED 2.50 per...
1 year ago

Banks Invest $653 Million To Build The World’s Largest Solar Park In Egypt

A consortium of ten banks—including the International Finance Corporation (IFC), the private investment arm of the World Bank—has invested $653 million to mobilize and finance 13 of the 32 solar...
1 year ago

Aramex Goes Green With New Electric Vehicles

Homegrown logistics firm, Aramex announced earlier this month that it is adding 10 new electric vehicles to its fleet in Jordan. This comes as part of a longer-term ambition to convert entirely to...
2 years ago

Oman's First Wind Farm Project to Be Constructed

Oman is to have its first wind farm, courtesy of Abu Dhabi’s renewable energy development agency Masdar. Zaywa reported that this wind farm will have a 50-megawatt capacity and is being developed by...