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Oil and Renewables

Oil and Renewables latest

Oil rises as gold drops
June 15th, 2026 - 06:13 GMT
P. Choiaqo

P. Choiaqo

Gold surges 2% and oil tumbles down 4% as US-Iran war comes to a close

ALBAWABA - After the peace deal between the US and Iran was announced, oil, which had been steadily decreasing, started dropping in earnest in anticipation of the deal between the two warring nations being signed in Geneva, Switzerland, on Friday. This eased concerns regarding inflation and interest rate hikes, allowing gold to surge 2 percent since this morning. After a lot of tumult and turbulence, it seems that the fear-driven ...
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Dana Gas produces most of its energy in Egypt and Iraq. The company announced plans in May to restructure the debt.
August 15th, 2017 - 11:30 GMT

Dana Gas Profits Jump 77 Percent as Energy Prices Rise

The project is expected to produce half of the country’s planned renewable energy output. (File photo)
August 15th, 2017 - 08:20 GMT

Kuwait Issues Tender for $1.2 Billion Solar Project in Al-Dibdibah

Ahmad Bin Shafar, CEO of Empower.
August 14th, 2017 - 11:30 GMT

Empower Connects Bluewaters With 25,000 Tons of District Cooling

Oman Oil Marketing Company
August 13th, 2017 - 09:19 GMT

Oman Oil Marketing Company Announces 10 Winning Smes of Tasweik 2016

ADNOC Distribution offers LPG at subsidized prices - AED20 for 25lb and AED30 for 50lb, across Abu Dhabi and the Northern Emirates.
August 13th, 2017 - 05:04 GMT

ADNOC Distribution Announces New Retail Price of Unsubsidised LPG for Month of August

Revenues of the company went up by 5 per cent to Dh8.4 billion in first half of this year from Dh7.9 billion reported in the first half of 2016.
August 10th, 2017 - 09:50 GMT

Taqa Posts Net Profit of Dh112 Millionn for H1 2017

The Opus development building
August 9th, 2017 - 11:01 GMT

Empower Connects Its District Cooling Solutions to the Prestigious Development ‘the Opus’

An Emirati man stands in front of a pipeline at the oil terminal of Fujairah during the inauguration ceremony of a dock for supertankers on September 21, 2016. (Karim Sahib/ AFP)
August 9th, 2017 - 10:29 GMT

UAE's Offshore Concession Part of Plan to Expand Oil Production: Minister

ACWA Power awarded three Solar PV projects under Round 2 of Egypt FiT program
August 9th, 2017 - 05:39 GMT

ACWA Power Awarded Three Solar PV Projects Under Round 2 of Egypt FiT Program II

Each station consists of three islands with 6 dispensers offering E-Plus 91, Special 95, Super 98 and Green Diesel.
August 7th, 2017 - 11:18 GMT

ADNOC Distribution Expands Presence in Al Ain Region by Opening Two New Service Stations

The new approach will deliver improved revenue streams and ensure smart growth.
August 7th, 2017 - 09:27 GMT

ADNOC in Advanced Discussions With Potential Partners for New Offshore Oil Concession

ADNOC seeks to expand its strategic partnerships scope by which it will select new partners.
August 6th, 2017 - 11:41 GMT

ADNOC to Get $5 Billion Bank Loan for Smart Growth

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