Saudi Arabia has emerged from three months of oil market volatility as the world’s biggest oil exporter once more, knocking the US off the top slot it gained last year.Industry experts calculated that in April — when oil prices crashed because of pandemic lockdowns — the Kingdom exported...
The coronavirus pandemic will shrink the global economy by 5.2 percent, said Saudi Arabia’s energy minister during a T20 conference on Monday.“The pandemic poses a sustainability crisis that is interlinked across developmental pillars: Economics, social, energy and environment,” said Prince...
The Kingdom of Saudi Arabia has signed here the basic charter of the Arab Group for Space Cooperation with the participation of 14 countries during a virtual meeting on Sunday.The charter, which will be signed by 14 Arab countries aims to establish the first Arab group for space cooperation,...
ENOC Group recently opened two new service stations in Lehbab and Al Qudra in Dubai. The expansion comes as part of the Group’s strategic plans to strengthen its retail presence across the UAE and in line with its support to the Government through providing uninterrupted fuel supplies and...
Saudi Energy Minister Prince Abdul Aziz bin Salman on Monday stressed the Kingdom’s determination to rebalance global oil markets in the wake of the successful weekend meeting of members of the OPEC+ alliance. “First and foremost, our purpose is to ensure the stability of the markets,”...
Pet Me, a mobile App project developed by a team of six young Saudi Arabian innovators which aims to facilitate free pet adoption and foster pet relationships and empathy in Saudi Arabia, has won the People’s Choice category of the 2020 Purina BetterwithPets Prize, announced in a...
Schneider Electric today released its 2020 Corporate Energy & Sustainability Progress Report. The report, the third in an annual series, examines how organizations are addressing the opportunities and challenges presented by a changing energy landscape focused on enterprise energy...
GE (NYSE: GE) is supporting the next phase of the fight against COVID-19 in the Middle East by ensuring power grids are ready, as some countries announce plans to reopen major sectors of the economy just as summer arrives. Grid stability is critical for the seamless operations of infrastructure – ...
Saudi Arabia pulled off a coup in the world of oil diplomacy on Saturday with an agreement to extend the historic output cuts credited with pulling energy markets out of chaos. At a virtual meeting of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producersled by Russia, ...
Mohammed Bin Rashid Space Centre (MBRSC) today announced the launch of a scientific interactive platform that will provide scientific analysis of environmental phenomena and their impact on the UAE's natural resources. The platform is the first of its kind in the region focused on in-depth...