Friday, July 20, 2018
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Eye of Riyadh

Market to absorb higher oil prices, says Saudi Arabia
Environment & Energy | Saturday 21 April, 2018 3:30 am
THE global market has the capacity to absorb higher oil prices, Minister of Energy, Industry and Mineral Resources Khaled Al-Faleh has said. Faleh’s statement at a meeting of oil producers in Jeddah on Friday came as crude hit the highest level in more than three years. The statement...
Oil price soars to highest level in years
Environment & Energy | Friday 20 April, 2018 1:01 am
Oil surged Thursday close to three and a half-year peaks on simmering Mideast tensions and keen US demand. World oil prices extended Wednesday’s gains on the back of data showing a drop in US stockpiles — indicating improved demand — and expectations that a Russia-OPEC output...
Rexton Technologies Middle East Inaugurated The Region’s Largest LED Light Fittings Manufacturing Facility
Environment & Energy | Tuesday 17 April, 2018 12:35 pm
Rexton Technologiesofficially inaugurated its new facilities with a ribbon-cutting ceremony held by H.E. Abdallah Sultan Al Owais, Chairman of Sharjah Chamber of  Commerce & Industry  and  H.E. Saud Salim Al Mazrouei, Director of Saif Zone...
Saudi Electricity Company and GE sign MoU to further drive the digital transformation of the Kingdom’s power sector
Environment & Energy | Tuesday 17 April, 2018 11:38 am
Saudi Electricity Company (SEC) has signed a Memorandum of Understanding (MoU) with GE (NYSE: GE) at the second annual Saudi-US CEO Forum held under the theme, ‘An Era of Transformation: From Vision to Implementation’ and the patronage of the Crown Prince, HRH Prince Mohammed bin...
GE Power and GESAT host Saudi Power Efficiency & Flexibility Day
Environment & Energy | Tuesday 17 April, 2018 1:38 am
GE Power and GE Saudi Advanced Turbines (GESAT), hosted Saudi Power Efficiency & Flexibility Day in Riyadh on April 16. The event convened over 70 energy sector experts, including representatives of the Saudi Ministry of Energy, Industry and Mineral Resources, Electricity &...
New Partnership and Investment Opportunities to be Unveiled at ADNOC’s Downstream Investment Forum in Abu Dhabi on May 13th & 14th
Environment & Energy | Monday 16 April, 2018 2:49 pm
The Abu Dhabi National Oil Company (ADNOC) today announced its plans to unveil its detailed downstream strategy, expansion plans of the Ruwais Industrial Complex and introduce new partnership and investment opportunitiesat the ADNOC Downstream Investment Forum, in Abu Dhabi, on May 13thand 14th....
ENBD REIT announces cutting-edge energy saving programme using Artificial Intelligence and Internet-of-Things
Environment & Energy | Monday 16 April, 2018 11:45 am
ENBD REIT (CEIC) Limited (“ENBD REIT”), the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited (the “Fund Manager”), has announced that it has applied the Internet-of-Things (“IoT”), machine learning and...
Decoding Blockchain for Oil and Gas in Saudi Arabia 
Environment & Energy | Sunday 15 April, 2018 12:43 pm
With innovations that could slash production costs by five percent or more, innovator Nick Spanos declares that the “future has arrived for Saudi Arabia’s energy market”   As the potential uses for blockchain technology reach every sector imaginable, it is set to have...
RetrofitTech Dubai  Summit reveals ambitious new energy efficiency targets set in Dubai
Environment & Energy | Wednesday 11 April, 2018 2:37 pm
More than 1 million Tons of Carbon Dioxide will be abated by 2030 and 1.7 TWh of electricity will be saved by the same year in Dubai - according to the new targets revealed by Dubai’s Etihad Energy Services Company, Etihad ESCO, at the 4th annual RetrofitTech Dubai Summit & Awards which...
Abu Dhabi Launches Six Historic Oil and Gas Licensing Opportunities
Environment & Energy | Wednesday 11 April, 2018 8:11 am
The Abu Dhabi National Oil Company (ADNOC) announced as part of Abu Dhabi’s first ever block licensing strategy and on behalf of the Supreme Petroleum Council (SPC), the details of the initial round of six geographical oil and gas blocks open for bidding. This follows the announcement...
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