Oil & Energy
April 7, 2014
The value of gold traded through Dubai stood at $75 billion last year, representing 40 per cent of the world’s physical gold trade.
Sawiris then retweeted a post saying: "Like father like son… He pretends to be a socialist after the first 50 million," a clear reference to Heikal, who is widely believed to be living in London.
April 3, 2014
The Abu Dhabi City Municipality’s initiative to replace the old lighting systems in six pedestrian underpasses with modern LED lights has helped reduce their power consumption by 33 per cent.
April 2, 2014
A source in the North Oil Company said that the pumping oil from the Kirkuk oilfields to the Turkish port of Ceyhan is still stopped
Jordan will sign an agreement with Spain’s Elecnor this month to build a $150 million wind-operated power plant in the southern city of Maan.
April 1, 2014
In celebration of Earth Hour 2014, Oman Oil Marketing Company (omanoil) hosted fun-filled, eco-conscious activities in the dark at MGM to educate visitors and especially children on the value of proactive behavior for the conservation of the planet.
The US is urging Lebanon not to drill into disputed zones to avoid conflict.
Jordan on Monday signed deals with two companies to build two solar energy-run power plants.
March 31, 2014
Despite a busy Saturday night in Dubai, the joint effort of its residents to switch off lights for 60 minutes during Earth Hour resulted in energy savings of 255,000kWh - enough energy to power 16 average homes for one year - which is 22 per cent higher than last year’s savings.
The National Center for Statistics and Information (NCSI) has said that electricity consumption in the sultanate has seen a dramatic 149.5 per cent increase.
March 30, 2014
NBK estimated the country’s trade balance will shrink further in 2014 but stated that it will still remain substantial
Dubai Electricity and Water Authority (DEWA) will hold its first Green Week event to raise awareness onthe rational consumption of electricity and water from 14-20 April.
Russia's Lukoil has started its commercial production operations near Iraq's Basra this week.
March 24, 2014
One of the oldest parks in Dubai is undergoing a transformation. Satwa Reservoir Park will become the first solar-powered park in Dubai by the end of this year.
March 23, 2014
Latest data showed that the four top importers of Iran's crude have bought over 1mln bpd of oil from the Middle-Eastern country since November, when Tehran and the world powers struck a deal