Qatar announces launch of $10bn Energy Bank
Qatar yesterday announced the launch the world’s largest Shariah-compliant ‘Energy Bank’ with a targeted capital of $10bn (QR36.41bn) to finance...
Energy
Saudi’s Acwa Power plans $3bn investment in Egypt
Saudi-based Acwa Power, a major developer of power and water desalination projects, is set to invest around $3 billion in...
Eni announces new gas discovery in Egypt
Italian Oil Company Eni announced on Thursday a new gas discovery under evaluation in the Nour exploration prospect located in...
Plan for 24/7 electricity in Lebanon sparks interest
A new power plan that aims to solve Lebanon’s electricity shortage for good has gained “immense interest” from three major...
Saudi Arabia reveals details of $1.5bn solar energy plan
Saudi Arabia has revealed details of Phase Two of its National Renewable Energy Program (NREP) that will see seven solar...
Egypt signs $20mn agreement with German DEA to explore oil, gas
Minister of Petroleum Tarek el-Molla signed a new petroleum agreement with German company DEA, with investment worth $20 million. Petroleum...
QR11bn Umm Al-Houl Power project to be inaugurated soon
Amir H.H. Sheikh Tamim bin Hamad Al Thani will soon inaugurate the QR11bn Umm Al-Houl Power project, which is one...
UAE unveils $1.6bn water, power projects in Northern Emirates
HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today (March 6) announced the...
UK Company keen to build Solar Energy Plants in Iraq
Oil Minister Thamer Al-Ghadhban met on Monday with Richard Crow, the Director of Development for the Middle East and North...
World Iraq’s oil exports averaged 3.6 million bpd in February: Ministry
Iraq exported an average of 3.62 million barrels per day (bpd) of oil in February, a figure slightly less than...
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