MENA's Investments in Energy Sector to Hit $1 Trillion

MENA’s total planned and pledged investments in the energy sector are expected to hit $1 trillion over the next five years, from 2019 to 2023..... Read more »

Posted on : 5/14/2019

SEWA Commences Operation of Two New Power Stations

Sharjah Electricity and Water Authority (SEWA) have started operations of two new 33/11kV power distribution stations. The substations are situated in Al Saf 2 in Kalba city on the UAE’s east coast and in the University District..... Read more »

Posted on : 5/13/2019

Growth In Sharjah Automobile Exports To Africa

Souq Al Haraj for Cars, a project by Sharjah Asset Management – an investment arm of the Government of Sharjah, is seeing an increasing demand from African dealers, particularly from Sudan, the largest African exporter of automobile from Souq Al Haraj..... Read more »

Posted on : 5/13/2019

Automobile Parts Demand To Reach $39Bn In The Middle East By 2024

According to a recent report by TechSci Research, the demand for automobile parts and components in the Middle East is expected to raise at a Compound Annual Growth Rate (CAGR) of 5.12 percent in volume terms extending to $39.59 billion in 2024, up from $28.14 billion in 2018..... Read more »

Posted on : 5/10/2019

Oil Trading To Be Hiked By Middle East Oil Giants

International media has slowly started to report on the ongoing new ventures of oil and gas giants, such as Aramco and ADNOC, with international trading houses and IOCs making a move to seize a bigger portion of the global commodity market..... Read more »

Posted on : 5/7/2019

AIDA Bolsters Renewables Bet With $2bln Investment in Ukrainian Firm

An agreement was signed with STC Energy on the development of 170 MW solar power stations across Ukraine by the Arab Investment and Development Authority (AIDA)..... Read more »

Posted on : 5/2/2019

DEWA, Enbala Join Hands In Setting Up Dubai's First Virtual Power Plant

DEWA joins hands with Canadian company Enbala in building the region's first Virtual Power Plant..... Read more »

Posted on : 5/2/2019

UAE based, AEFP Launches Billion Dollar Collaboration with Intraco Solar Power In Developing Solar Plants

Almaden Emirates Fortune Power (AEFP) , UAE-based energy company, has signed a MOU for developing solar power plants with a capacity of 5 GW in Bangladesh with a Bangladeshi-based business conglomerate, Intraco Solar Power business conglomerate (ISPL)..... Read more »

Posted on : 5/2/2019

RWI Promulgate $2m Expansion Of Ajman Plant, UAE

Rubber World Industries (RWI) has announced plans to invest $2m (AED7.35m) into the expansion of its production facility in Ajman, UAE..... Read more »

Posted on : 4/30/2019

UAE-Carribean Fund Set Up $50 Million for Three New Solar Power Projects

Three solar power projects were launched under the $ 50 million UAE-Caribbean Renewable Energy Fund (UAE-CREF) in the Bahamas, Barbados, and Saint Vincent and the Grenadines..... Read more »

Posted on : 4/29/2019