Environment & Energy | Sunday 24 February, 2019 7:11 am

GCC petrochemicals sector to receive $50bln investments in 6 years

The GCC’s petrochemicals sector is expected to receive around $50 billion in investments in the coming six years. Total investments pumped into the sector have exceeded $150 billion in the GCC six countries, the Gulf Petrochemicals and Chemicals Association’s (GPCA) secretary general ...

More Details

Environment & Energy | Friday 22 February, 2019 12:30 pm

KSA signs MoU on joining Solar Alliance

Minister of Energy, Industry and Mineral Resources Khalid Al-Falih signed on Wednesday several memoranda of understanding (MoUs) pertaining to Saudi Arabia’s joining of the International Solar Alliance (ISA), industrial and commercial projects in fertilizers, pharmaceuticals and medical...

More Details

Environment & Energy | Friday 22 February, 2019 11:19 am

Saudi Aramco inks $10bln refining and petrochemicals project with China

State-owned Saudi Aramco has signed an agreement to form a joint venture with Chinese defence conglomerate Norinco to develop a refining and petrochemical complex in Panjin city, saying the project is worth more than $10 billion. The partners will form a new company called...

More Details

Environment & Energy | Thursday 21 February, 2019 4:51 am

Saudi crown prince’s India visit to boost bilateral investment

Many Indian businesses that already operate in the Kingdom are interested in expanding as part of Vision 2030. Retail company Lulu Group International, for example, plans to open 12 new hypermarkets and five malls in Saudi Arabia by next year.  It already employs more than 2,700 Saudi...

More Details

Environment & Energy | Thursday 21 February, 2019 2:48 am

Oil market may balance by April: Falih

Minister of Energy, Industry and Mineral Resources Khalid Al-Falih said on Wednesday he hoped the oil market would be balanced by April and that there would be no gap in supplies due to US sanctions on OPEC members Iran and Venezuela. “We hope by April the market will be in balance,” ...

More Details

Environment & Energy | Thursday 21 February, 2019 2:15 am

MHPS Is Global Market Share Leader in 2018 for Heavy Duty Gas Turbines

Mitsubishi Hitachi Power Systems (MHPS) has achieved a major milestone in the global Power Generation sector, securing 2018 market share leadership in global orders for heavy duty gas turbines (100 MW and above). The result is based on data compiled by McCoy Reports, the premier reporting agency in ...

More Details

Environment & Energy | Wednesday 20 February, 2019 3:06 pm

ENOC Group and Indian Oil Corporation partner to broaden global marine offerings and tackle industry challenges

ENOC Group has announced a strategic alliance with Indian Oil Company (IOC), the largest commercial oil and gas company in India worth US$63 billion, in a joint effort to expand its global footprint while building on IOC’s R&D infrastructure to mitigate future manufacturing...

More Details

Environment & Energy | Wednesday 20 February, 2019 2:00 pm

ADNOC Assigned AA+ Standalone and AA Long-Term Issuer Default Credit Rating by Fitch

The Abu Dhabi National Oil Company (ADNOC) announced today that Fitch Ratings (Fitch) has assigned ADNOC Group a standalone credit rating of AA+. The rating, according to Fitch, highlights the company's high upstream output and significant reserves, strong profitability, commercially-focused...

More Details

Environment & Energy | Tuesday 19 February, 2019 11:26 am

GE Provides Advanced Gas Turbine & Services for Iraq’s Al Qudus Power Plant

Delivering on its commitment to support the development of Iraq’s energy infrastructure, GE Power (NYSE: GE) provided an advanced 9E gas turbine to the Ministry of Electricity’s (MoE) Al Qudus Power Plant. GE will also service up to seven GE 9E gas turbines at the facility throughout...

More Details

Environment & Energy | Monday 18 February, 2019 3:00 am

Emirates Green Building Council and International Living Future Institute Sign Mou

In a move that will further advocate for decarbonising the built environments in the United Arab Emirates, the Emirates Green Building Council (EmiratesGBC), an independent forum aimed at conserving the environment by strengthening and promoting green building practices, signed a memorandum of...

More Details