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HomeUAE

UAE

Aljazeera International

UAE signs deal to develop mines in eastern DR Congo

July 18, 2023 Mariel Alumit

NewsMining The United Arab Emirates has signed a $1.9bn deal with a state mining company in the Democratic Republic of the Congo (DRC) to develop at least four mines in the African country’s turbulent east, […]

Crude Oil News

UAE announces plans to invest $54B in energy and triple renewable …

July 4, 2023 Mariel Alumit

DUBAI, United Arab Emirates (AP) — The United Arab Emirates plans to triple its supply of renewable energy and invest up to $54 billion over the next seven years to meet its growing energy demands. Sheikh Mohammed bin […]

Big Oil Companies

Senior UAE official defends Big Oil’s role at UN climate summit, as they can help pay for the Energy Transition

June 3, 2023 Mariel Alumit

BERLIN (AP) — A senior United Arab Emirates official says the Gulf nation wants the U.N. climate summit it’s hosting later this year to deliver “game-changing results” for international efforts to curb global warming, but doing so […]

From Russia with gold: UAE cashes in as sanctions bite
ENB Pub Note

From Russia with gold: UAE cashes in as sanctions bite – accelerated by the self-inflicted demise of the U.S. dollar.

May 27, 2023 Mariel Alumit

accelerated by the self-inflicted demise of the U.S. dollar. ENB Pub Note: We have been tracking of the demise of the U.S. dollar, and the direct impact of the Biden Administration sanctions weaponizing the dollar. […]

Pipeline
Crude Oil News

This New Middle East Pipeline Could Be A Gamechanger

May 23, 2023 Mariel Alumit

The major new gas pipeline being planned will run along a 2,000-kilometre corridor via Oman and UAE through the Arabian Sea and into India. The presence of such a pipeline could also lead to vital […]

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 […]

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