Environment & Energy | Sunday 13 August, 2023 10:00 am

Energy Ministry licenses Durrah Company to transport dry gas

Saudi Minister of Energy, Prince Abdulaziz bin Salman, approved Durrah Advanced Development Co.'s license to build, own and operate a pipeline to transport dry gas from Saudi Aramco's pipeline to the former's factory in Yanbu-based King Fahd Industrial Port, Umm Al-Qura newspaper reported on Aug....

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Environment & Energy | Friday 11 August, 2023 1:25 pm

Global oil demand hits record: IEA

Global oil demand surged to a record backed by strong summer air travel, increased oil use in power generation and surging Chinese petrochemical activity strong summer air travel, increased oil use in power generation and surging Chinese petrochemical activity, the International Energy Agency said...

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Environment & Energy | Thursday 10 August, 2023 9:00 am

Ministry of Mining issues 32 mining licenses in June

The Ministry of Industry and Mineral Resources issued 32 new mining licenses in June 2023, with exploration and building materials quarry licenses reaching 17 and 11, respectively, according to a report by the National Center for Industrial and Mining Information.   The number of...

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Environment & Energy | Wednesday 9 August, 2023 12:05 pm

Maaden receives first credit rating with ‘stable’ outlook

Saudi Arabian Mining Co. (Maaden) has received its first credit ratings from Moody’s at “Baa1” and Fitch Ratings at “BBB+” with a “stable” outlook, according to the company’s statement.   These ratings underpinned Maaden’s diversified business model being a globally ...

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Environment & Energy | Wednesday 9 August, 2023 10:29 am

Building on past year’s success, Saudi Infrastructure Expo gears up for 2nd edition with inaugural Saudi Water Exp

Saudi Arabia's Vision 2030 is propelling a momentous transition towards a sustainable future, prioritizing infrastructure and urban planning as key components of its transformative goals. Supporting these ambitious goals, Saudi Infrastructure Expo, held in Riyadh from 11 to 13 September 2023...

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Environment & Energy | Tuesday 8 August, 2023 8:58 am

Gathering of international leaders across sustainability, technology, finance, and policy at Forbes Middle East

The Forbes Middle East Sustainability Leaders' Summit 2023 will convene international leaders in sustainability, technology, finance, and policy in Abu Dhabi from November 1-3. Under the theme: “Driving economic growth for a greener world,” the highly anticipated event will be chaired by His...

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Environment & Energy | Monday 7 August, 2023 1:20 pm

FANR’s Board of Management reviews progress on Barakah Nuclear Power Plant

The Federal Authority for Nuclear Regulation (FANR) recently held its third Board of Management meeting of 2023, during which the board discussed matters relating to FANR’s nuclear regulatory activities, licencing and oversight of the Barakah Nuclear Power Plant operation, and FANR’s...

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Environment & Energy | Monday 7 August, 2023 11:09 am

Aramco’s strong financials reflect resilience, ability to adapt to market cycles: CEO

Saudi Arabian Oil Co.’s (Saudi Aramco) strong results in Q2 2023 reflect its resilience and ability to adapt through market cycles, said President and CEO Amin H. Nasser.    Commenting on the financial results, Nasser added that Aramco continues to...

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Environment & Energy | Monday 7 August, 2023 9:44 am

ADNOC Distribution delivers strong operating performance and growth in underlying profitability in H1 2023 to AED1.57 billion

ADNOC Distribution today announced its first half 2023 results, reporting a 9% year-on-year increase in underlying EBITDA to AED1.57 billion, and a 2% year-on-year increase in net profit excluding inventory movements to AED1.03 billion, driven by higher fuel volumes and company-wide efficiency...

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Environment & Energy | Monday 7 August, 2023 9:28 am

Electricity accounts in Dubai reach 1,144,741 accounts by end of H1, 2023, 5.5% increase in one year

Dubai Electricity and Water Authority (DEWA) has revealed that the number of electricity accounts reached 1,144,741 accounts by the end of the first half of 2023, compared to 1,084,596 accounts by the end of the first half of 2022, an increase of around 5.5 percent.This is part of DEWA’s efforts...

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