QFIB and Kuwait Energy sign strategic agreement
Qatar First Investment Bank ( QFIB ), Qatar's first independent Sharia compliant investment bank authorized by the QFC Regulatory Authority,...
Energy
Iraqi gas production on the rise
Director General of Basra Gas Company Ali Hussein Khudhair announced that the company, in cooperation with Shell Company, achieved good...
Iraq to export 2.9 million bpd of oil in 2013
Iraq plans to export 2.9 million barrels of oil per day in 2013 and hopes to increase production to 3.4...
Dh1billion 'Dubai Sustainable City' construction to begin soon
Diamond Developers, a Dubai-based developer, has launched Dh1 billion "Dubai Sustainable City" with construction set to commence by year-end. The...
SEC signs deals worth SR 1.8 billion to boost power efficiency
Saudi Electricity Company ( SEC ) signed five contracts worth SR 1.8 billion for the construction of sub-stations and power...
Iraq to spend $500 billion on energy projects by 2030
Iraq will invest around $500 billion in energy and linked industries with the help of the private sector by 2030,...
Citigroup: Production of gas will eventually lead Lebanon to energy independence
Citigroup expected the progress in Lebanon's efforts to exploit its potential offshore gas reserves to be slow but steady. It...
Tapping the renewable energy market in the Middle East
Finance is continuously changing and with many Islamic banks reanalyzing their strategies, one sector remains untapped. Renewable energy including hydropower,...
A new power generation project in Oman to come up soon
A competitive process for the establishment of a new medium-sized Independent Power Project (IPP) in Dhofar Governorate is expected to...
Makkah to establish SR 2.4 billion solar energy project
Makkah municipality will establish a mega solar energy project, costing about SR 2.4 billion, to produce about 100 megawatt of...
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