Adwea selects advisers for 350 megawatt solar park in Abu Dhabi

<p>Advisers have been chosen for the 350-megawatt solar park in Abu Dhabi announced last year, according to industry insiders.</p> <p>Abu Dhabi Water and Electricity Authority (Adwea) has selected its financial, legal and technical advisers for the project to be built in Sweihan, about an hour’s drive east of the capital.</p>.... Read more »

Posted on : 3/9/2016

Oil exporters to meet on March 20 to discuss output freeze

<p>Oil prices rose above $40 a barrel on Wednesday, driven by anticipation that the world's largest exporters could agree this month to freeze production and help erode the largest global build in unwanted crude in years.</p>.... Read more »

Posted on : 3/9/2016

767kW solar power project in Vanuatu marks UAE-Pacific Partnership Fund's latest success

<p>The recent completion of a solar power project for the Pacific nation of Vanuatu marks the latest stage of the ground-breaking United Arab Emirates-Pacific Partnership Fund (UAE-PPF). The installation of three new solar PV plants represents another milestone for an imaginative and innovative initiative that has captured international attention with its potential for developing countries.</p>.... Read more »

Posted on : 3/8/2016

Chevron plans to slash budget in next two years

<p>American oil and natural gas producer Chevron Corp on Tuesday said it will slash its budget by at least 17% for the next two years to save cash due to the low crude oil prices.</p>.... Read more »

Posted on : 3/8/2016

Petromin Confirmed as a Business Partner in Nissan's Expansion Strategy in Saudi Arabia

<p>Nissan has announced a new business partner - Petromin Corporation ( Petromin ) in the Kingdom of Saudi Arabia. Petromin will join Alissa as the second strategic partner to Nissan as it continues its growth and expansion across the Kingdom.</p>.... Read more »

Posted on : 3/8/2016

Western Auto opens spare parts facility in Dammam

<p>Western Auto Company Ltd, one of the flagship companies in the renowned ETA Star Group of companies, added another feather to the cap by formally opening the new warehouse facility for the spare parts division in Dammam.</p>.... Read more »

Posted on : 3/8/2016

Rural Areas Electricity to invest OMR126m to boost power capacity

<p>In keeping pace with growing power demand in Oman, the Rural Areas Electricity Company will invest an estimated OMR126 million to improve power generation capacity in rural areas in 2016, according to a top official.</p>.... Read more »

Posted on : 3/7/2016

Oil price correction by end of year, says UAE Minister of Energy

<p>An oil price correction is expected by the end of this year as the weak market forces producers to freeze production, the Energy Minister said on Monday.</p>.... Read more »

Posted on : 3/7/2016

Ashok Leyland to triple plant capacity in Ras Al Khaimah

<p>The flagship brand of the Hinduja Group, Ashok Leyland -- described as the second largest commercial vehicle manufacturer in India and the fourth largest bus manufacturer in the world -- says it will triple the manufacturing capacity of its UAE bus factory, Ashok Leyland (UAE) LLC, in Ras Al Khaimah (RAK).</p>.... Read more »

Posted on : 3/6/2016

Abdul Latif Jameel to invest US$ 2bn in Saudi Arabia over the next 5 years

<p>Abdul Latif Jameel - one of Saudi Arabia’s leading commercial enterprises - announced today that it has begun to implement plans to invest close to US$ 2bn in the country over the next five years, with US$ 0.5bn already earmarked for 2016. This series of new investments is part of the businesses’ long-term expansion plans in the Saudi Arabian market, and its contribution to the growth of the local economy, across a range of industries.</p>.... Read more »

Posted on : 3/3/2016