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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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Officials of the collaboration partners at the launch event
November 16th, 2016 - 06:06 GMT

Masdar Institute and Khalifa University launch cutting-edge R&D program for next generation of telecommunications standards

Egypt's debts to international oil and gas companies rose to $3.58 billion by the end of September, rising from $3.2 billion six months ago. (AFP/File)
November 15th, 2016 - 07:00 GMT

Oil giant BP plans $13B investment in Egypt by 2020

Noor Power Station 1
November 15th, 2016 - 06:19 GMT

Al Tayer visits Noor Power Station 1 in Ouarzazate, Morocco

Even if US imports from Opec turn to zero, Opec's policy would still affect oil prices internationally and the US can never be isolated from the international market. (AFP/File)
November 13th, 2016 - 02:41 GMT

Trump policies expected to cause upheaval in oil markets

During the event
November 13th, 2016 - 10:20 GMT

DEWA sustainable development & environmental projects add to Hatta Development Plan

During the event
November 13th, 2016 - 10:03 GMT

Oman Oil Marketing Company successfully concludes Majalis Al Ata

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA
November 10th, 2016 - 05:49 GMT

DEWA begins construction of 2,400MW Hassyan clean coal power station

During the event
November 10th, 2016 - 05:23 GMT

ADNOC to invest in downstream business to meet growing demand for refined and petrochemical products

Eng. Omar Ahmed Salim Qatan, CEO of Oman Oil Marketing Company
November 9th, 2016 - 10:03 GMT

Oman Oil Marketing Company partners with Tanfeedh

Saudi Arabia has informed Egypt that shipments of oil products expected under a $23 billion aid deal have been halted until further notice, suggesting a deepening rift between the two countries. (Shutterstock)
November 9th, 2016 - 10:00 GMT

Egypt turns to international spot market in the absence of Aramco oil deliveries

For Total, Chairman and CEO Patrick Pouyanne said it's a return to business that started more than 10 years ago. (File photo)
November 9th, 2016 - 07:00 GMT

Total signs agreement to develop Iran's massive natural gas complex

During the visit
November 9th, 2016 - 04:54 GMT

ADNOC CEO visits technologically advanced drilling vessel at ADIPEC

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