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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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Dubai is focussing heavily on developing its renewable energy capabilities, specifically in solar power.  (File photo)
June 5th, 2016 - 06:00 GMT

Dubai to build world's largest concentrated solar power project

Mohammed Sanusi Barkindo from Nigeria (center) takes over as Secretary General from the start of August. (Nigeria Newsdesk)
June 5th, 2016 - 04:40 GMT

OPEC elects new head, downplays meeting deadlock

HE Saif Al Falasi at ENOC Elite Awards
June 2nd, 2016 - 08:29 GMT

ENOC recognises and honours high achieving employees at ENOC Awards 2016

During the meeting
June 2nd, 2016 - 04:36 GMT

Solar Decathlon Middle East steering committee holds second meeting to discuss selecting participating teams

Khalid Hadi receiving the Best Contactless Solution Award
June 2nd, 2016 - 04:31 GMT

ADNOC Distribution wins two awards under the Smart Cards and Payments Middle East Awards 2016

A number of smaller producers had become overly dependent on oil as a source of revenue, when prices were high, and did not make efforts to diversify their economies.  (Twitter)
June 1st, 2016 - 10:00 GMT

Smaller oil producers expected to follow the leader at OPEC meet

The Lebanese-Israeli maritime dispute should not derail Lebanon's oil exploration efforts in the Mediterranean.  (Shutterstock)
June 1st, 2016 - 08:00 GMT

Lebanon must push forward with oil and gas exploration

During the launching
June 1st, 2016 - 04:30 GMT

HH Sheikh Ahmed bin Saeed Al Maktoum launches Demand Side Management programme

The Oman Power and Water Procurement Co (OPWP) recently signed agreements to establish two major independent power plants in Ibri and Sohar. (File photo)
May 31st, 2016 - 07:00 GMT

Oman needs $8B investment to keep pace with power demand: Apicorp

Last week, oil prices rose above $50 a barrel for the first time this year following supply disruptions in Canada and Nigeria and a decline in crude inventories in the United States. (Shutterstock)
May 31st, 2016 - 05:00 GMT

Oil may hit $60 by summer: UAE economy minister

During the event
May 30th, 2016 - 11:37 GMT

DEWA organises Information Security Workshop for Cyber Risk awareness

The ministry seeks to produce 20 percent of new and renewable energy of the total national electricity grid by 2020. (File photo)
May 30th, 2016 - 10:59 GMT

Egypt partners with GDF Suez, Toyota and Orascom for wind power plant

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