OECD projects 2.9% growth for the global economy this year. The organization says countries weathered the energy supply shock from the Middle East conflict better than expected.
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Country inaugurates gas processing unit for use at the Bismayah thermal power plant. The facility will produce 30 million cubic feet per day.
According to UNCTAD, 61 net importers of energy and cereals are severely affected by disruptions to shipping through the Strait of Hormuz amid the war in the Middle East.
Speaking at the IAEA conference, Saudi minister discusses the country’s diversification of energy sources and the discovery of 114 million tons of ore containing concentrations of rare earth elements and uranium in the Madinah Region.
The first debate at the 5th Brazil & Arab Countries Economic Forum focused on the impact of Middle East conflicts on the global economy and alternative business solutions.
The think tank provided Bahrain’s aluminum producer with recommendations on the energy transition and emissions reductions. The company’s CEO said the study will serve as a roadmap for sustainable growth and resilience.
Measures announced by the government aim to curb rising energy costs, which have increased from USD 560 million to USD 1.65 billion since the start of the Middle East conflict.
Qatar’s Minister of State for Energy Affairs Saad bin Sherida Al Kaabi said the conflict could force Gulf states to stop producing and supplying energy within days.
The Oman Expo & International Forum will bring government and private sector representatives to Muscat in early February for a series of events aimed at strengthening the Arab country’s bilateral ties.
The foundation stone has been laid in the Arab country for a solar and wind power generation project that will ensure continuous power generation.
The company Kuwait Oil Company announced the discovery of a major natural gas area, capable of producing more than 29 million cubic feet per day, according to initial estimates.
The Vice President of Invest RS, an agency created in 2024 to foster agreements, investments, and competitiveness, met with the Arab-Brazilian Chamber and presented business potential in 12 priority sectors of the economy.
Visitors in Karbala, Iraq, are sprayed with water to cool off as temperatures exceed 48 degree Celsius on Monday (11). A record spike in temperatures across the country, which drove up electricity demand, led to the shutdown of power transmission lines. However, according to the government, on Tuesday (12) electricity was restored, and a full
State-owned National Oil Corporation approved 29 companies as operators and eight as investors for bidding processes in the country’s oil sector.
