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HomeUAE

UAE

Price
International News

“The UAE Is Poised To Become A 21st Century Switzerland”

May 15, 2023 Mariel Alumit

By Eric Peters, CIO of One River Asset Management “This is how to think about the UAE” said the wealthy investor, a banker turned money manager, entrepreneur, an expatriate who left London with his young […]

Crude Oil News

Oil Posts Weekly Gain as UAE Refutes Report of OPEC Exit

March 4, 2023 Mariel Alumit

​ Global benchmark Brent rose for a second consecutive week, getting a late boost from UAE officials denying OPEC exit plans.After wavering in the morning, crude’s rally was revived after state officials disputed a report from the […]

Oil And Gas
International News

The Middle East Oil And Gas Nations Pouring Billions Into Clean Energy

December 23, 2022 Mariel Alumit

To say that the six countries that make up the Gulf Cooperative Council (GCC) live and breathe hydrocarbons is hardly an exaggeration. About 60years ago, the average city in Saudi Arabia, the United Arab Emirates […]

Global
International News

The UAE Will Benefit From Its Global Leadership In The Clean And Renewable Energy Sector – MD & CEO of DEWA

December 20, 2022 Mariel Alumit

The presence of the Middle East and North Africa region on the global sustainability agenda continues to grow. The region is witnessing significant momentum in accelerating climate action and strengthening bridges of international cooperation to […]

UAE
Exploration and Production

UAE Plans $150 Billion Spending Spree To Boost Oil Output To 5MM Barrels By 2027

November 29, 2022 Mariel Alumit

With oil tumbling ahead of the grueling 2023 recession, the last thing OPEC+ and (bullish) oil traders wanted to see is even more supply coming on line, and yet that’s precisely what the a core […]

UAE
Energy Policy

UAE president chairs ADNOC meeting, board accelerates oil production capacity expansion to 2027

November 28, 2022 Mariel Alumit

(WO) — UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, on Monday presided over the annual meeting of the Abu Dhabi National Oil Company (ADNOC) Board of Directors, in his capacity as its […]

UAE
Grid

UAE issues law to regulate linkage of renewable energy production units to the grid

November 22, 2022 Mariel Alumit

The UAE has announced a federal law that regulates the linkage of distributed renewable energy units to the country’s electrical grid as it seeks to increase the share of clean energy in its overall power mix. The […]

Japan
International News

INTERVIEW: Japan’s Jogmec keen to support energy transition projects in Saudi Arabia, UAE

November 10, 2022 Mariel Alumit

Japan Oil, Gas and Metals National Corp. is keen to support energy transition projects in Saudi Arabia and the UAE, countries that are making inroads into new areas of energy while maintaining their traditional fossil […]

U.S.
Renewables Not Sustainable

The U.S. And UAE Sign A $100 Billion Clean Energy Pact

November 1, 2022 Mariel Alumit

The United States and the United Arab Emirates (UEA) signed on Tuesday a partnership expected to attract $100 billion in investment in clean energy projects worldwide, the White House said today. The U.S. and the UAE have […]

US
Crude Oil News

US envoy urges more oil, gas output, as UAE, Saudi ministers defend OPEC+

October 31, 2022 Mariel Alumit

With the global economy in crisis, more oil and gas production is needed, a top US envoy said Oct. 31, sharing a stage with Saudi and UAE energy ministers, who defended the recent decision by […]

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