Several regions in Kuwait are expected to experience power outages on Thursday due to a heatwave…
Category: Middle East
Shell Acquires Pavilion Energy, Solidifying LNG Dominance
Shell has successfully secured the acquisition of Pavilion Energy, a liquefied natural gas (LNG) trader, from…
UAE Energy Giant TAQA Ends Negotiations to Acquire Stake in Spanish Utility Naturgy
UAE-based energy giant TAQA announced Tuesday that it has terminated negotiations to acquire a 40% stake…
Foreign Investors Secure Majority Stake in Aramco’s $11.2 Billion Share Sale
Saudi Arabia has successfully sold over half of its $11.2 billion secondary share offering in Aramco…
Dubai Fintech Stake Raises $14M from Mubadala, Saudi Aramco’s Wa’ed, and MEVP
Dubai-based fintech startup Stake has secured a significant $14 million in a Series A funding round.…
Oman’s Electricity Generation Surges by 7% in Q1 2024
The Sultanate of Oman achieved a 7% increase in total electricity generation, reaching 8,152.3 gigawatts per…
UAE Boosts Oil Production Quota in OPEC+ Deal
In a significant development at the June 2nd OPEC+ ministerial meeting, the United Arab Emirates (UAE),…
Middle East Energy Revolution: Solar and Wind Power to Dominate by 2040
The Middle East’s energy landscape is undergoing a significant transformation, with renewable sources like solar and…
New Al-Zour Refinery Boosts Kuwait’s Refining Capacity to Record Levels
With three distinct component units, the expansive Al-Zour refinery emerges as a cornerstone of the Middle…
Kuwait Secures 500MW of Electricity via GCC Interconnection Authority
Kuwait signed agreements to purchase 500 megawatts (MW) of electricity on Sunday through the Gulf Cooperation…
UAE : DEWA and PowerChina Collaborate on Advancing Sustainable Energy Solutions
Saeed Mohammed Al Tayer, MD and CEO of the Dubai Electricity and Water Authority (DEWA), met…