#Energy
29 articles with this tag
EconomyDewa Achieves Record Nine-Month Profit Driven by Soaring Demand for Utility Services
Dubai Electricity and Water Authority (Dewa) has reported record profits for the first nine months of 2026, driven by increased demand for its services. The company's net profit rose 11% year-on-year to over Dh7.1 billion, with revenue also hitting a record high.
EconomyAfrica's Richest Man Unveils Massive Oil Tank Farm in Namibia
Africa's richest man has inaugurated a large-scale oil tank farm in Namibia, marking a substantial addition to the country's energy facilities.
EconomyUAE Oil Exports Exceed Pre-Conflict Levels, Minister Assures Global Supply Amidst Hormuz Tensions
The UAE's Minister of Energy and Infrastructure, Suhail Al Mazrouei, announced that UAE oil exports have surpassed pre-conflict levels, highlighting the nation's role as a reliable global supplier despite Hormuz disruptions. The country's efforts, including pipeline expansions, have helped stabilize global energy markets.
TechnologyAdipec 2023: Energy Sector Seeks AI Synergy Amidst Global Uncertainty
Adipec 2023 convenes as the energy industry grapples with the dual challenge of AI's growing electricity demands and global supply uncertainties. Stakeholders are exploring how to leverage AI for a more resilient energy future, with significant investment and infrastructure upgrades being key priorities.
EconomyQatar's Amir and Iran's President Convene in Moscow Amidst Ongoing Energy Discussions
Qatar's Amir Sheikh Tamim bin Hamad Al Thani met with Iranian President Masoud Pezeshkian in Moscow on the sidelines of the GECF summit to discuss expanding political and economic ties, including energy cooperation. Qatar's Energy Minister also held separate talks with Iranian officials and other energy ministers.
TechnologyUAE's AI Energy Edge Faces Critical Test Amidst Global Power Crunch and Regional Tensions
The UAE's abundant energy and rapid development capabilities offer a significant advantage for the growing AI sector, but this edge faces critical tests from increasing electricity demand, regional security concerns, and the need for robust infrastructure.
EconomyQatar Warns of Escalating Global Energy Crisis Amid Iran Conflict
Qatar's Deputy Prime Minister warns that the global energy crisis triggered by the US-Iran conflict is escalating, with potential for further disruptions to supplies and economic growth. He also highlighted ongoing communication with Iran and new regional defence initiatives.
EconomyExplosion Forces Closure of Venezuela's Second-Largest Oil Refinery
An explosion has caused the shutdown of Venezuela's second-largest oil refinery, according to recent video footage.
EconomyNavigating the Global Energy Crisis: Is Libya's Strategic Boom a Trap or an Opportunity?
As the global energy crisis boosts demand for alternative supplies, Libya faces a critical choice between capitalizing on its vast oil and gas reserves or falling deeper into domestic energy insecurity and the resource curse.
EconomyS&P Doubles Oman's 2026 Growth Forecast to 3.5% Driven by Resilient Trade Logistics and Energy Sector
S&P Global Ratings has raised Oman's 2026 economic growth forecast to 3.5 per cent, supported by resilient trade logistics and an energy sector independent of the Strait of Hormuz.
EconomyEgypt's Fuel Pricing Committee Set to Review Petroleum Rates in October Amid Global Market Shifts
Egypt's Fuel Automatic Pricing Committee will meet in October to review petroleum product prices based on global oil trends and market stability, according to officials.
EconomyIran Implements Sweeping Remote Work and Energy-Saving Measures Amid Severe Economic Crisis
Iran has introduced remote work mandates, free public transport, and fuel price hikes as part of desperate energy-saving measures amid a severe economic crisis and US naval blockade.
EconomyUS Diesel Prices Hit Record $6.31 a Gallon as Global Supply Pressures Mount
US diesel prices have reached a record high of $6.31 per gallon, driven by global supply disruptions and geopolitical conflicts, threatening broader economic and consumer price pressures.
EconomyCollateral Damage: How the Conflict Involving Iran is Crushing South Asia's Working Class
The war involving Iran has sent shockwaves through South Asia, driving up inflation, energy costs, and living expenses for millions of vulnerable families in India, Pakistan, Bangladesh, and Nepal.
EconomyQatar Economic Forum to Convene in New York Amid Rising Global Trade and Energy Risks
The Qatar Economic Forum is holding a special edition in New York alongside UNGA 81 to address shifting global trade, energy dynamics, and geopolitical risks with international leaders.
EconomySaudi Arabia Uncovers 110 Million Tonnes of Uranium Ore in Landmark Madinah Discovery
Saudi Arabia has discovered 110 million tonnes of uranium-concentrated ore in the Madinah region, marking a major milestone in the kingdom's economic diversification and energy development efforts.
EconomyNavigating the New Era of Geopolitical Disorder in the Global Energy Sector
As the global energy sector faces unprecedented geopolitical disorder and fragmented trade, industry leaders gather in Abu Dhabi to navigate new economic realities, security vulnerabilities, and technological shifts.
PoliticsBrics Summit Reaches Consensus on Middle East Peace and Maximum Restraint
Brics leaders issued a joint declaration urging maximum restraint in the Middle East during their summit in New Delhi. The agreement addresses ongoing regional conflicts, energy supply disruptions, and the protection of civilian infrastructure.
EconomyUAE Energy Giants Adnoc, XRG, and Masdar Forge Multi-Billion Euro Partnerships with German Firms
Adnoc, XRG and Masdar have signed major agreements with German firms potentially unlocking over €5 billion in investments across LNG, renewables, and technology sectors during President Sheikh Mohamed's state visit.
EconomyAbu Dhabi Firms Unlock Over €5 Billion in New Energy and Industrial Deals with Germany
Abu Dhabi companies Adnoc, XRG, and Masdar have announced new agreements with German firms projected to generate over €5 billion in investments. The deals coincide with a broader €40 billion UAE investment commitment to Europe's largest economy.
EconomyA Historic Presidential Visit Marks the Dawn of a New Era in UAE-Germany Relations
President Sheikh Mohamed's historic first presidential visit to Germany highlights the deepening strategic, economic, and technological partnership between the UAE and Germany.
PoliticsInside China and Qatar’s Deepening Alliance Amid Middle East Tensions
Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani concluded a two-day visit to Beijing, cementing a strategic partnership with China focused on energy, advanced technology, and regional diplomatic cooperation amid ongoing Middle East tensions.
EconomyAbu Dhabi Crown Prince Sheikh Khaled Directs Adnoc to Reinforce Energy Security Amid Regional Maritime Disruptions
Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed has directed Adnoc to enhance its reliability as an energy provider amid regional maritime disruptions in the Strait of Hormuz.
TechnologyEmpowering the Global South: Schneider Electric Discusses the Future of Energy and Growth
Schneider Electric's Manish Pant joins Business Extra to discuss how emerging economies in the Global South can leverage digital technology, smart grids, and AI to build resilient energy systems.