OPEC+ has decided to increase oil production by 411 000 barrels per day starting in June. This decision is anticipated to further decline crude prices, a trend already set in motion by recent tariff announcements from President Trump. The increase in output comes as part of OPEC+’s ongoing efforts to manage global oil supply effectively....
Experts at the Research and Development (R&D) Centre of the Dubai Electricity and Water Authority (DEWA) have underscored the key applications of the Space-D programme, which was launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on January 12, 2021. Credit: SolarQuarter During...
The Gulf Cooperation Council Interconnection Authority (GCCIA), alongside the Electric Power Research Institute (EPRI), has initiated a significant workshop in Kuwait titled “Empowering the Future Grid: Exploring the Application of Generative AI in GCC Power Systems.” The event, which began on April 29, 2025, and will continue until April 30, is taking place at the...
The UAE fuel price committee has disclosed the petrol and diesel prices for May 2025. Super 98 petrol will cost Dh2.58 per litre, marking a slight increase from Dh2.57 in April. Meanwhile, Special 95 petrol will be priced at Dh2.47 per litre, up from Dh2.46 in the previous month. In addition, E-Plus petrol will be...
ALTÉRRA, recognized as the world’s largest private climate investment vehicle, has made a significant move by co-investing $100 million in the Indian renewable energy firm Evren. This investment, executed in collaboration with Brookfield Asset Management and other investors, is intended to enhance the deployment of clean energy in India, which is one of the fastest-growing...
Bahrain’s Shura Council has unanimously approved legislation that allows the government to secure a $200 million loan from the Islamic Development Bank (IsDB). This loan will finance the construction of the new 400kV Al Jasra electricity station, which is part of a broader $465 million financing plan aimed at expanding Bahrain’s national electricity transmission network....
Dubai is advancing its green economy objectives through significant investments in clean energy, smart mobility, and sustainable innovation. The emirate is implementing initiatives that include solar-powered urban developments and hydrogen projects, along with AI-driven energy management systems, aiming to transform urban living and global trade towards a low-carbon future. As Dubai strengthens its role as...
Dubai Electricity and Water Authority (DEWA) recently showcased its advancements in artificial intelligence (AI) during Dubai AI Week, where it served as a strategic partner. The event featured numerous discussion sessions and interactive workshops focused on how AI can enhance efficiency in essential sectors, particularly in energy and water management. Experts from DEWA highlighted the...
Natural geological formations known as salt domes in Abu Dhabi could significantly contribute to the United Arab Emirates’ efforts to achieve its net-zero targets, according to recent research. These sedimentary rock structures are believed to be suitable for storing hydrogen and hydrocarbons, making them vital for the country’s energy transition. Experts suggest that utilizing these...
Dragon Oil has entered into a strategic partnership with the Egyptian Petroleum Authority to enhance production levels through the application of the latest technologies and best sustainable practices. This agreement was signed during the “GOTEC 2025” conference, with the presence of His Excellency Saeed Mohammed Al Tayer, Chairman of Dragon Oil, and His Excellency Karim...