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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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Financing projects is problematic as credit worthiness in the Mena region has deteriorated over the past six months> (File photo)
April 12th, 2016 - 10:42 GMT

MENA energy investments to reach $900B: Big plans in uncertain times

The financing for the petroleum and petroleum products will have an interest rate of 2 percent and will be repaid over 15 years.  (File photo)
April 12th, 2016 - 04:24 GMT

Saudi's $23B oil deal with Egypt is a policy change from handouts to loans

Iran reiterated that Iranian ships do not need to enter Saudi waters to export its oil. (Photo courtesy of Press TV)
April 11th, 2016 - 12:00 GMT

Saudi ban on Iranian oil tankers 'fruitless': Iran oil minister

Under the terms of the COP21 agreement, wealthier nations are expected to help finance the shift to a low-carbon economy from poor developing nations. (File photo)
April 11th, 2016 - 07:00 GMT

World Bank to invest up to $3.5B annually for renewable energy programs

The Jordan Renewable Energy and Energy Efficiency Fund (JREEEF) will spend JD4 million to support renewable energy projects for mosques. (File photo)
April 10th, 2016 - 12:30 GMT

Jordan: 2000 mosques to go green with solar power

Analysts have praised the collaboration, saying that it will lead to economic rationalization and cost effectiveness. (Shutterstock)
April 7th, 2016 - 05:58 GMT

Better together? Saudi oil rivals Aramco and Sabic rumored to be collaborating on joint refinery

An agreement is expected to be signed with the Jordan Phosphate Mines Co. before the end of June to supply its industrial complex in Aqaba with all its natural gas needs. (Photo courtesy of Jordan Times)
April 4th, 2016 - 10:00 GMT

Jordan looks to natural gas to cut industrial costs

Al Bawaba
April 4th, 2016 - 08:00 GMT

Jordan inaugurates $148M wind power project in Maan

The new deal gives Eni a stronger portfolio in frontier areas. (File photo)
March 31st, 2016 - 12:00 GMT

Italy's Eni moves deeper into Morocco exploration

Al Bawaba
March 31st, 2016 - 09:00 GMT

GFH on board for London's No 1 Palace Street development

IPG plans to increase output from Al Risheh from 50 million cubic feet per day to 300 million. (Shutterstock)
March 30th, 2016 - 01:00 GMT

Jordan, UK's IPG sign oil and gas exploration deal

Israel was formerly an importer of gas, but has recently established itself as an exporter following the discovery of the Leviathan offshore deposit and Tamar fields in 2009. (File photo)
March 29th, 2016 - 11:00 GMT

Israel court ruling jeopardizes regional gas export deals

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