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 Latest Industry & Market News |
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| GCC countries to invest $200bn on 20 energy projects |
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| Recent reports on the solar energy industry found that solar energy accounts for only 1% of the world’s energy resources, today, while the rise of energy prices to record highs, coupled with the lack of signs of stability, seems certain to increase investment in this sector by approximately 50% within two years. |
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Full Story Monday, June 23, 2008 |
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| GCC Grid Phase I to come online in 2009 |
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| The GCC Interconnection Grid, which will link power grids of the six-member states, is progressing on schedule and the first phase is expected to come online during the first quarter of next year. |
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Full Story Tuesday, June 03, 2008 |
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| Nuclear energy best option for Gulf states, say experts |
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| Nuclear power rather than renewable sources like the wind or sun are the best option for oil-rich Gulf Arab states to meet growing energy demands, especially if produced collectively, say regional experts. |
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Full Story Tuesday, May 27, 2008 |
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| UAE joins GCC power grid |
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| The UAE officially joined the current phase of the $1.6 billion GCC power grid on Sunday, state news agency Wam reported. |
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Full Story Monday, May 19, 2008 |
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| $120bn needed to solve power, water crisis in GCC |
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| Gulf states are expected to invest around $120 billion over the next decade in order to address the region’s rapidly approaching water and power shortage crisis, according to an energy expert. |
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Full Story Tuesday, March 25, 2008 |
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| UAE Seeks Private Power Investors |
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| The United Arab Emirates is now looking for power and water industry investors for its poorer regions after Abu Dhabi, the federation’s biggest oil-producer, caused a scramble among foreign firms by opening its own utilities up to private investment. |
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Full Story Wednesday, October 24, 2007 |
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| Dana Gas Places $875 Million of Convertible Sukuk |
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| Dana Gas PJSC, the Middle East’s first regional private-sector natural gas company, has successfully placed its convertible sukuk issue of $875 million. |
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Full Story Wednesday, October 10, 2007 |
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| Kuwait selects 17 companies to bid for $14bn oil refinery |
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| Kuwait has selected 17 international companies to bid for the construction of a $14bn oil refinery after scrapping the first round of tenders because of inflated cost estimates. |
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Full Story Monday, October 01, 2007 |
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