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Oil and Renewables

Oil and Renewables latest

Gold jumps 2% to two-week high as weak U.S. data fuels Fed rate cut bets
November 10th, 2025 - 10:45 GMT
Albawaba Business

Albawaba Business

Gold jumps 2% to two-week high as weak U.S. data fuels Fed rate cut bets

ALBAWABA- Gold prices surged 2% on Monday to their highest level in two weeks, driven by mounting expectations of a Federal Reserve rate cut next month and renewed safe-haven demand amid global economic and geopolitical uncertainty. A softer U.S. dollar further bolstered bullion’s appeal. According to Reuters , spot gold climbed 2% to $4,078.45 per ounce by 09:56 GMT—its strongest level since October 27—while U.S. gold futures for December delivery ...
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HE Saeed Mohammed Al Tayer, MD & CEO of DEWA
December 4th, 2016 - 09:11 GMT

DEWA main sponsor of 3rd Knowledge Summit 2016

ADNOC Oasis store
December 4th, 2016 - 06:59 GMT

ADNOC Distribution launches ‘Oasis of Surprises’ promotional campaign

During the event
December 4th, 2016 - 06:46 GMT

EQUATE discusses energy conservation with Electricity & Water Ministry

In May, the General Authority for Petroleum announced an international tender for 11 oil and natural gas blocks in the western desert and Gulf of Suez. (File photo)
December 4th, 2016 - 06:00 GMT

Egypt receives bids worth $200M for oil and gas exploration

During the event
December 1st, 2016 - 06:14 GMT

DEWA officials and staff mark Commemoration Day to honour Emirati martyrs

The deal promises to revive the tattered finances of countries from Venezuela to Libya and restore flagging confidence in the producer bloc that controls 40 per cent of the world’s oil. (File photo)
December 1st, 2016 - 05:04 GMT

OPEC agrees to first output cut deal in eight years

ADNOC National Service
November 30th, 2016 - 09:37 GMT

ADNOC launches initiative to honour UAE National Service employees

The Anglo-Dutch is the operator of the giant Majnoon field near Basrah in southern Iraq which started production in 2014. (Shell)
November 30th, 2016 - 09:30 GMT

More trouble than it's worth? Shell considers divestment of Iraqi oil assets

Sadara's first phase commenced operations in 2015, and the remaining operating units are scheduled for completion by the end of 2016. (File photo)
November 30th, 2016 - 08:30 GMT

Saudi Aramco partners with Dow Chemicals, Total for Jubail Industrial City chemical complex

During the event
November 30th, 2016 - 06:35 GMT

DEWA reaffirms loyalty to UAE’s wise leadership during celebrations of 45th UAE National Day

Last week, J.P. Morgan Chase & Co. said there was a 60 percent chance of a successful OPEC meeting, which from its perspective would put the price for Brent at the end of 2017 at $60 per barrel. (Shutterstock)
November 29th, 2016 - 05:17 GMT

Oil prices swing wildly as OPEC deal 'too close to call'

During the event
November 28th, 2016 - 10:38 GMT

DEWA signs Power Purchase Agreement with Masdar for third phase of the Mohammed bin Rashid Al Maktoum Solar Park

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