Some of the leading decision-makers, business leaders, investors and experts in resilience and infrastructure, along with key representatives from government, the private sector and academia, will be in Dubai this October for the 12th edition of World Green Economy Summit (WGES).
Oil prices rose on Friday, but Brent crude remained on track for a weekly loss of nearly 8% amid continued market volatility. Brent crude futures soared to $80.38 a barrel, while US West Texas Intermediate (WTI) crude rose 1.2% to $77.54 a barrel.
Kuwait Petroleum Corporation (KPC) plans to raise the country's oil production to two million barrels per day (bpd) within a week, amid the reopening of the Strait of Hormuz under a US-Iran peace agreement, said KPC's Deputy Chairman and CEO Sheikh Nawaf Saud Al-Sabah.
Envision Energy and AMEA Power agreed on the 500MW Amunet II wind project, following Ras Ghareb commissioning, boosting investor confidence and bringing AMEA’s Egyptian wind capacity to 1GW.
The Emirates Nuclear Energy Company (ENEC) has celebrated the graduation of the first cohort of its Diploma in Nuclear Technology programme, marking a significant step in strengthening the UAE’s national nuclear energy workforce.
SME Bank, Aramco Taleed and fintech firm Manafa have launched new financing solutions for SMEs in Saudi Arabia’s industrial sector and Aramco ecosystem, aiming to improve funding access, liquidity and growth, with opportunities expected to reach SAR1.5 billion ($400 million) over five years.
John Crane has developed a validated drivetrain analysis method improving prediction accuracy for rotating equipment, reducing failure risk, downtime and vibration issues through dynamic modelling, testing and real-world data across oil, gas, LNG and power sectors.
Burckhardt Compression has secured a milestone order to supply compression solutions for the world’s first industrial-scale liquefied carbon dioxide (LCO₂) carrier, supporting the Northern Lights CCS project.
An International Energy Agency (IEA) report warns that disruptions to Strait of Hormuz energy shipments have exposed Southeast Asia’s dependence on imported fuels, highlighting the need for stronger energy security, diversification and efficiency measures as regional energy demand continues to rise.
Eni and Fincantieri subsidiary IDS have signed an agreement to commercialise and develop Clean Sea, an underwater robotic monitoring system. IDS gains exclusive global rights to market the technology for offshore inspections and marine CCS projects.
