Environment & Energy | Monday 7 August, 2023 11:09 am

Aramco’s strong financials reflect resilience, ability to adapt to market cycles: CEO

Saudi Arabian Oil Co.’s (Saudi Aramco) strong results in Q2 2023 reflect its resilience and ability to adapt through market cycles, said President and CEO Amin H. Nasser.    Commenting on the financial results, Nasser added that Aramco continues to...

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Environment & Energy | Monday 7 August, 2023 9:44 am

ADNOC Distribution delivers strong operating performance and growth in underlying profitability in H1 2023 to AED1.57 billion

ADNOC Distribution today announced its first half 2023 results, reporting a 9% year-on-year increase in underlying EBITDA to AED1.57 billion, and a 2% year-on-year increase in net profit excluding inventory movements to AED1.03 billion, driven by higher fuel volumes and company-wide efficiency...

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Environment & Energy | Monday 7 August, 2023 9:28 am

Electricity accounts in Dubai reach 1,144,741 accounts by end of H1, 2023, 5.5% increase in one year

Dubai Electricity and Water Authority (DEWA) has revealed that the number of electricity accounts reached 1,144,741 accounts by the end of the first half of 2023, compared to 1,084,596 accounts by the end of the first half of 2022, an increase of around 5.5 percent.This is part of DEWA’s efforts...

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Environment & Energy | Sunday 6 August, 2023 9:10 am

CME collaborates with the ENTERTAINER business to revolutionise health, green engagement in GCC

CME, a premium technology consulting firm, has announced a strategic partnership with the ENTERTAINER business, a leading global loyalty and rewards solutions provider in the GCC, to empower its behavioural change sustainability platform, INGO. This groundbreaking collaboration seeks to introduce a ...

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Environment & Energy | Saturday 5 August, 2023 11:54 am

GLH, UMS sign partnership agreement to establish first factory for green batteries, power generators in Middle East

GL Holding (GLH) announced the signing of a partnership agreement with Urban Mobility Systems (UMS), a leading Dutch company in the green energy sector, to launch a series of renewable energy projects in the UAE, starting with the establishment of a factory specialised in developing and...

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Environment & Energy | Saturday 5 August, 2023 1:42 am

OPEC+ panel keeps oil output policy unchanged

OPEC+ Joint Ministerial Monitoring Committee decided today, Aug. 4, to keep the oil output policy unchanged. The panel confirmed the members' commitment to the declaration of cooperation after reviewing oil production data for May and June 2023. The next meeting is scheduled for Oct....

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Environment & Energy | Friday 4 August, 2023 4:38 pm

Oil ticks higher, on track for sixth straight weekly gain

Oil prices edged up on Friday, heading for the sixth straight weekly gain, the longest weekly winning streak in more than one year after both Saudi Arabia and Russia extended the voluntary output cut into next month.   OPEC+ Joint Ministerial Monitoring Committee is scheduled to hold ...

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Environment & Energy | Friday 4 August, 2023 2:02 am

Energy Ministry launches ‘Taqat Waeda’ Program to support energy sector needs

Saudi Arabia’s Ministry of Energy launched today, Aug. 3, “Taqat Waeda” Program, which aims to attract and provide young national capabilities with the necessary skills to enhance their scientific knowledge, build their practical experience.   The program also aims to prepare...

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Environment & Energy | Thursday 3 August, 2023 11:05 am

SABIC maintains sales volume despite challenging economic circumstances: CEO

Saudi Basic Industries Corp. (SABIC)’s CEO, Abdulrahman Al-Fageeh, said that the company maintained sales volume during Q2 2023, despite the challenging economic conditions the business environment is going through, not to mention the increased supply of SABIC’s main products. In a...

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Environment & Energy | Thursday 3 August, 2023 3:24 am

ENOC signs strategic agreement with Retired Military Personnel Association to strengthen UAE’s retail infrastructure

ENOC Group, a leading integrated global energy player, today signed a strategic agreement with the Retired Military Personnel Association (RMPA) in Abu Dhabi to further develop the UAE’s retail infrastructure and contribute towards the country’s growing energy needs. The agreement will enable...

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