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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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Many Jordanina MPs have called on the government to shy from importing the Israeli gas, citing the frequent Israeli crimes against the Palestinian people. (Shutterstock)
September 27th, 2016 - 05:56 GMT

Jordan's NEPCO signs deal with Noble Energy to receive gas from Israel

During the event
September 27th, 2016 - 03:40 GMT

GE Oil & Gas signs landmark contract with Petroleum Development Oman (PDO) for providing Integrated Progressing Cavity Pump systems and services

The Mafraq plant is the first PV solar plant to be financed out of the four planned under the Jordanian government’s second round of solar PV projects, said the statement. (Shutterstock)
September 26th, 2016 - 04:39 GMT

Jordan secures $76M for solar power plant in Mafraq

Falah Al Amri, Iraqi governor to OPEC and Director General of Iraq’s Oil Marketing Co, known as SOMO. (YouTube)
September 22nd, 2016 - 08:30 GMT

Iraq raises expectations for Algiers oil meeting

Tariffs of private generators remain uncontrolled and unregulated, and are set randomly despite a general weekly pricing guidance published by the government. (File photo)
September 22nd, 2016 - 07:30 GMT

OPINION: Outdated electricity policies leave Lebanon in the dark

During the visit
September 21st, 2016 - 05:09 GMT

HE Saeed Mohammed Al Tayer receives Consul General and Head of the Commercial Section of the Royal Danish Consulate in Dubai

Mohamed Sanusi Barkindo is currently in Algiers meeting with Energy Minister Noureddine Boutarfa. (AFP/File)
September 19th, 2016 - 11:00 GMT

Cautious optimism ahead of OPEC's Algiers meeting

A key modification includes finding a new route for the pipeline to avoid waters controlled by the United Arab Emirates. (File photo)
September 18th, 2016 - 08:00 GMT

Iran-Oman undersea gas pipeline costs set to rise to $1.5B

Critics of the new contract are worried about giving foreign companies a stake in the fields. (File photo)
September 18th, 2016 - 04:13 GMT

Revised Iranian oil contract paves way for $10B of investments by 2017

Dubai Electricity and Water Authority
September 16th, 2016 - 12:04 GMT

DEWA records increase in smart adoption

The steady surge in Saudi output is the result of an adamant Riyadh oil policy against low oil prices. (File photo)
September 15th, 2016 - 10:00 GMT

Saudi Arabia surpasses the US to become world's largest oil producer

Russia and Saudi Arabia, the leading global oil producers, earlier this month agreed to work towards a possible freeze in oil output volumes to support oil prices. (Shutterstock)
September 15th, 2016 - 08:00 GMT

Pumping up: OPEC expects larger surplus next year

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