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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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Kuwait  is expected to require several new power stations between 2020 and 2030. (Pixabay)
August 24th, 2016 - 09:34 GMT

Nuclear no go: Kuwait abandons plans for nuclear power plant

Higher oil prices will benefit Kuwait, the UAE and Oman the most by reducing the current account deficits by an average of four to seven percent of GDP.
August 24th, 2016 - 07:30 GMT

Oil price hike brings relief, but unlikely to impact credit ratings: Moody's

The Kuwaiti Fund loan to finance the project will be repaid in instalments over 20 years, with a five-year grace period. (Shutterstock)
August 24th, 2016 - 05:00 GMT

Plans to link Saudi, Egypt power grid backed by Kuwaiti Fund

During the event
August 22nd, 2016 - 10:12 GMT

EQUATE participates in KISR Summer Training Course graduation ceremony for the 11th consecutive year

70,000 barrels of crude oil have been sent down the pipeline to the Mediterranean Turkish port of Ceyhan. (File photo)
August 22nd, 2016 - 06:00 GMT

Oil flow from northern Iraq-Turkey pipeline resumes

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA
August 21st, 2016 - 09:56 GMT

DEWA awards consultancy contract for 4th phase Aweer Power Station ‘H’

Thirty per cent of the $10 billion project will be financed equally by Jordan and Russia. (File photo)
August 21st, 2016 - 09:00 GMT

A nuclear Jordan by 2025? Kingdom seeking funding for first nuclear power plant

Subsidising electricity generated from oil and gas has made potential growth in the renewable energy sector falter. (Shutterstock)
August 18th, 2016 - 09:00 GMT

Egypt electricity price hikes: A bitter pill to swallow

Mauritania solar network
August 17th, 2016 - 07:29 GMT

Masdar passes 50% milestone on Mauritania solar network

The estimated cost of drilling one well in Zohr concession in the Mediterranean Sea’s deep water is roughly $100m. (File photo)
August 17th, 2016 - 04:00 GMT

Egypt: Eni investment in Zohr gas plant reaches $3.5B

From the visit
August 17th, 2016 - 03:40 GMT

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA visits Mohammed bin Rashid Al Maktoum Solar Park to follow up with project implementation

An attempt to jointly freeze production levels earlier this year failed after Saudi Arabia backed out over Iran's refusal to take part of the initiative. (Shutterstock)
August 16th, 2016 - 01:17 GMT

Oil prices hit five-week high but skepticism remains over OPEC meeting

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