Environment & Energy | Saturday 23 January, 2016 11:23 am

Oil prices jump 7% as cold weather boosts energy demand

Global equity markets and oil prices climbed for a second day on Friday, providing some relief to bruised investors as frigid weather across the United States and Europe boosted energy demand. Oil, which had tumbled during a recent rout in world markets, jumped about 7 percent and traded above ...

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Environment & Energy | Thursday 21 January, 2016 1:03 am

King opens petroleum research & study center

Custodian of the Two Holy Mosques King Salman and Chinese President  Xi Jinping remotely inaugurated the Yanbu Aramco Sinopec Refining Company (YASREF) located in Yanbu on Wednesday. The King also inaugurated in Riyadh the King Abdullah Petroleum Studies and Research Center (KAPSARC), a...

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Environment & Energy | Wednesday 20 January, 2016 4:25 am

ACWA Power signs MoU with Silk Road Fund Co., Ltd.

ACWA Power announced today the signing of a Memorandum of Understanding (MoU) with China-based Silk Road Fund Co., Ltd. to explore joint investment and power project development opportunities in the UAE, Egypt and across the region. The framework agreement was signed at a ceremony in the Saudi...

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Environment & Energy | Tuesday 19 January, 2016 1:33 pm

United Arab Emirates’ world-class research will produce food and fuel without using arable land or fresh water

The Sustainable Bioenergy Research Consortium (SBRC) today announced that in March it will begin operating the world’s first bioenergy research facility using desert land – irrigated by seawater – to produce both food and aviation fuels. The facility is located on a 2-hectare site ...

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Environment & Energy | Tuesday 19 January, 2016 4:33 am

MENA to See USD 35 Billion in Annual Renewable Energy Investment Through 2020

Governments, banks and landlords in the Middle East and North Africa (MENA) are urged to join forces to promote solar rooftop adoption, saving on energy costs and creating “green” jobs, industry experts announced today in the build-up to the World Future Energy Summit...

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Environment & Energy | Monday 18 January, 2016 1:31 pm

Kuwait Oil Company Opts for Cisco Security Solutions for High-Security Network

Cisco today announced that Kuwait Oil Co. has selected Cisco® security solutions for its network hardware refresh. Kuwait Oil has installed Cisco Network Admission Control (NAC), a powerful, easy-to-deploy admission control and compliance enforcement component of the Cisco TrustSec®...

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Environment & Energy | Monday 18 January, 2016 10:04 am

Oil market will take time to stabilize, says Al-Naimi

Minister of Petroleum and Mineral Resources Ali Al-Naimi said on Sunday it would take “some time” to restore stability to the global oil market in the midst of a glut, but he remained optimistic about the future. Al-Naimi's comments come at a time when OPEC member Iran is preparing ...

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Environment & Energy | Monday 18 January, 2016 8:00 am

Abu Dhabi Sustainability Week 2016 to Drive Middle East’s Sustainability Business Opportunities in Energy, Water, and Waste Management

Driving the Middle East and North Africa’s business opportunities in sustainability across energy, water, and waste management, the most expansive and in-depth Abu Dhabi Sustainability Week 2016 opens today.   Hosted by Masdar, and running from 16-23 January 2016 at the Abu Dhabi...

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Environment & Energy | Sunday 17 January, 2016 2:27 pm

Sadara on track to ‘change the game’ in Saudi Arabia’s downstream industry

Following the successful start-up of the first Solution Polyethylene facility in the Middle East in December, Sadara Chemical Company (Sadara) is well on track to set new paradigms in both Saudi Arabia’s and the region’s downstream industry.  The company, which sponsored and...

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Environment & Energy | Tuesday 12 January, 2016 1:50 pm

Saudi’s USD 100 Billion in Renewable Energy Projects to Meet Skyrocketing Power Needs

More than USD 100 billion in Saudi renewable energy projects will help meet its skyrocketing energy demand and diversify its energy sector, industry experts said today in the build-up to the World Future Energy Summit.   The Kingdom’s energy demand is expected to grow by 45 percent ...

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