Environment & Energy | Sunday 16 June, 2019 11:27 am

Retrofitting existing built environments in the UAE is crucial for meeting national and global carbon emission targets

As we move closer to global timelines for eliminating carbon emissions by 2050, the building and construction industry has a central role in aligning themselves with these global mandates as the sector is responsible for almost 40 per cent of the world’s carbon emissions. Building...

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Environment & Energy | Sunday 16 June, 2019 4:47 am

Saudi Arabia seeks oil supply protection

Saudi Arabia called for swift action to secure Gulf energy supplies, after the United States blamed Iran for attacks on two oil tankers in a vital oil shipping route. Saudi Energy Minister Khalid Al-Falih said "there must be a rapid and decisive response to the threat" to energy...

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Environment & Energy | Tuesday 11 June, 2019 6:26 am

Al-Falih: Only Russia undecided on OPEC deal extension

 Saudi Energy Minister Khalid Al-Falih said on Monday Russia was the only oil exporter undecided on extending an output deal between OPEC and its allies until the end of the year. Al-Falih, in Moscow for talks with counterpart Alexander Novak, said there was disagreement in Russia over...

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Environment & Energy | Tuesday 11 June, 2019 5:52 am

ENOC announces retail expansion in line with Saudi Vision 2030

ENOC Group, a wholly-owned entity of Dubai government, has announced ambitious expansion plans for its retail operations in the Kingdom of Saudi Arabia. The Group’s retail arm will increase its service station network by more than eight fold by 2030 to reach 124 stations to meet the...

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Environment & Energy | Monday 10 June, 2019 3:08 pm

ENOC Group secures US$690 million term loan from a consortium of Chinese banks

 ENOC Group has secured a five-year US$690 million term loan from a Chinese consortium of banks as China’s biggest financial institutions endorse the Group’s operational and financial health.   The term loan will finance general corporate purposes as ENOC continues to...

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Environment & Energy | Saturday 8 June, 2019 6:16 pm

Oil rises as KSA signals OPEC deal extension

Oil prices rose on Friday, climbing further from five-month lows hit this week amid signs that OPEC and other producers could extend their output reduction deal. Brent crude futures were up 60 cents at $62.27 a barrel in afternoon trading. US West Texas Intermediate (WTI) crude futures gained 59...

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Environment & Energy | Saturday 8 June, 2019 12:16 pm

RCU teams up with Panthera Partner for leopard conservation

Prince Badr Bin Abdullah Bin Farhan, the Minister of Culture and Governor of the Royal Commission for Al-Ula (RCU), has signed an agreement with Dr. Thomas Kaplan, the chairman of Panthera, the global wild cat conservation organization, to support important regional and international conservation...

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Environment & Energy | Friday 7 June, 2019 3:07 am

Saudi minister: Culture and technology build bridges between peoples

Art and technology can build economic bridges between peoples and countries, Saudi Energy Minister Khalid Al-Falih said on Thursday as works by two Saudi artists went on show at Russia’s leading art museum. “To create the opportunities to build economic bridges, you also need to...

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Environment & Energy | Wednesday 5 June, 2019 2:21 pm

Saudi Arabia will do what is needed to sustain oil market stability: Al-Falih

Saudi Energy Minister Khalid Al-Falih said on Monday that the Kingdom is closely monitoring developments in the oil market, which saw a high level of volatility in recent weeks. Al-Falih says effectiveness of OPEC+ efforts has been well proven over the course of almost 30 months. He added...

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Environment & Energy | Tuesday 4 June, 2019 4:08 am

Saudi oil minister sees growing producer consensus to stabilize market

The Saudi oil minister, Khalid Al-Falih, claimed there was an emerging consensus among OPEC+ oil producers over a need to ensure market stability, in an exclusive interview with Arab News. The disclosure comes ahead of a key meeting of oil producers later this month which is set to deter- mine...

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