by Jibran Munaf | September 2, 2024 | Energy
The Egyptian Ministry of Electricity and Renewable Energy has approved a proposal from Abu Dhabi Future Energy Company, known as Masdar, for a significant solar power investment worth over $900 million. This development will see the construction of solar power plants...
by Jibran Munaf | August 31, 2024 | Corporate Finance, Energy
The Initial Public Offering (IPO) for NMDC Energy, a subsidiary of the NMDC Group, saw overwhelming demand, becoming oversubscribed within just a few hours of the first day of its subscription period, according to an announcement by NMDC Group on Monday. Strong...
by Jibran Munaf | August 31, 2024 | Commodities, Derivatives, Energy
OPEC+ is expected to move forward with its planned increase in oil production starting in October, according to six sources within the group. This decision comes despite concerns about weakening global demand, particularly from China, and aims to balance the market...
by Jibran Munaf | August 31, 2024 | Energy, News
The UAE fuel price committee has released the petrol and diesel prices for September 2024, which will be effective starting September 1. The new rates reflect a decrease across all fuel types compared to August prices, providing some relief to motorists. September...
by Jennifer George | August 30, 2024 | Energy, Industry, News
Despite evolving geopolitical tensions in the Middle East, the global price of oil remained stable, signaling a possible drop in petrol prices in the UAE. The UAE fuel price committee is expected to revise retail fuel prices for September to align them with global...
by Jibran Munaf | August 28, 2024 | Automotive, Energy, Green
Ford Motor Company is making a strategic $1.9 billion shift in its electric vehicle (EV) strategy, moving away from its traditional profit centers of large trucks and SUVs. Instead, Ford is focusing on smaller, more affordable EVs and expanding its hybrid models. This...
