Middle-east Arab News Opinion | Asharq Al-awsat

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Joint Gulf Strategy to Promote Non-Oil and Processing Industries

by Fatah Al-Rahman Youssef | Apr 4, 2017 | Business

Riyadh – A Qatari official said that the implementation of a joint Gulf strategy to promote non-oil and processing industries was underway, with the aim of diversifying the region’s economy and boosting industrial development. In remarks to Asharq al-Awsat newspaper,...

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A solar farm on the outskirts of Masdar City in the UAE. (AFP)

Energy Investments in MENA to Exceed $1 Trillion

by Asharq Al-Awsat | Mar 22, 2017 | Business

Dubai – Total energy investments in the Middle East and North Africa (MENA) region are likely to hit the USD1 trillion mark over the next five years despite the economic and political challenges dominating the region, according to the Arab Petroleum Investments...

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British prime minister Theresa May with Saudi King Salman,
left, and King of Bahrain, Hamad bin Issa Al Khalifa, at the GCC
summit in Manama. AFP

British-Gulf Research to Confront Scarcity, Enhance Energy Efficiency

by Fatah Al-Rahman Youssef | Mar 6, 2017 | Business

Riyadh- The Department for Business, Energy and Industrial Strategy in partnership with the British Council has made a great progress in the British-GCC (Gulf Cooperation Council) Joint Research Cooperation Project. A British source asserted that efforts are ongoing...

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ECRA Governor Dr. Abdullah Mohammed al-Shehri. ECRA

Al-Shehri Expects Growth in Energy Demand in Saudi Arabia by 6%

by Fatah Al-Rahman Youssef | Mar 1, 2017 | Business

Riyadh-Governor of the Electricity and Cogeneration Regulatory Authority (ECRA) Dr. Abdullah Mohammed al-Shehri revealed that a study is being conducted to predict the load in the Kingdom for the coming 10 years, due to the decline in consumption during 2016. Shehri...

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OPEC logo is pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria September 28, 2016. REUTERS/Ramzi Boudina/File Photo

OPEC Compliance Reaches Peak in January

by Wael Mahdi | Feb 7, 2017 | Business

Khobar – This is not the first time OPEC countries agree to reduce product, but it is the first time compliance with the agreement reaches 80%-90%, the highest level in the history of OPEC. Five surveys of OPEC outcome in January revealed that OPEC abided by the...