Energy

Abu Dhabi, Energy, Investment
ADQ Teams Up With Energy Capital Partners to Start $25 Billion Project to Build Energy Facilities in the US

ADQ Teams Up With Energy Capital Partners to Start $25 Billion Project to Build Energy Facilities in the US Abu Dhabi Developmental…

Abu Dhabi, Energy, UAE
UAE’s ADNOC and Austria’s OMV will create a $60 billion chemicals joint venture

UAE's ADNOC and Austria's OMV will create a $60 billion chemicals joint venture Abu Dhabi National Oil Company (ADNOC) and Austrian petrochemical…

Energy, Saudi Arabia
Saudi petrochemical company SABIC makes a profit of $411 million after losses

Saudi petrochemical company SABIC makes a profit of $411 million after losses Saudi Baic Industries Corp (SABIC), a large petrochemical company, made…

Energy, Saudi Arabia, UAE
Fitch: Renewable Energy Goals Boost Power Project Investments in GCC

Fitch: Renewable Energy Goals Boost Power Project Investments in GCC Investment in power projects is increasing in the Gulf Cooperation Council (GCC)…

Egypt, Energy
Egypt will build a $7 billion petrochemical complex in New Alamein with a group led by Shared Capital Partners

Egypt will build a $7 billion petrochemical complex in New Alamein with a group led by Shared Capital Partners A group of…

Energy, Saudi Arabia
Saudi Aramco enters the Philippines retail market by agreeing to buy a 25% share in Unioil

Saudi Aramco enters the Philippines retail market by agreeing to buy a 25% share in Unioil Saudi Arabia's state-owned oil company, Aramco,…

Bahrain, Energy, Investment, Saudi Arabia
Ma’aden buys Bahrain Aluminum stake from SABIC for $963 million

Ma'aden buys Bahrain Aluminum stake from SABIC for $963 million Ma'aden, a Saudi Arabian mining company, has bought a 20.6% share in…

Energy, Oil and Gas, Saudi Arabia
Saudi Aramco’s refining unit, Luberef, saw a 5.8% increase in revenue in 2024, reaching $2.7 billion, but its profit dropped sharply

Saudi Aramco's refining unit, Luberef, saw a 5.8% increase in revenue in 2024, reaching $2.7 billion, but its profit dropped sharply Saudi…

Energy, News
The IEA says global electricity use will grow by 4% each year, and by 3% in the Middle East, from 2025 to 2027

The IEA says global electricity use will grow by 4% each year, and by 3% in the Middle East, from 2025 to…

Abu Dhabi, Energy, News, UAE
Abu Dhabi’s TAQA says its profit dropped 56% in 2024 to $2 billion

Abu Dhabi's TAQA says its profit dropped 56% in 2024 to $2 billion TAQA, the Abu Dhabi National Energy Company, said its…

Egypt, Energy, Financial, Oman, UAE
Dana Gas reports a 5.6% drop in net profit to $151 million for 2024 due to a one-time impairment charge

Dana Gas reports a 5.6% drop in net profit to $151 million for 2024 due to a one-time impairment charge UAE-based energy…

Energy, Oil and Gas, Saudi Arabia
Oil Goes Up After Saudi Increases Prices for March Delivery

Oil Goes Up After Saudi Increases Prices for March Delivery Oil prices edged higher on Tuesday, as market participants reacted to Saudi…