Tag Archives: MENA Region

As hydrocarbons producers reap sustained revenue from high global prices, national oil companies (NOCs) in the Gulf are accelerating investment in carbon capture, utilisation and storage (CCUS); hydrogen; and other green energies to make their activities less carbon-intensive and support the energy transition. Last week Saudi Aramco reached a deal …

Director of the Middle East and Central Asia Department at the International Monetary Fund Jihad Azour indicated that the expected MENA GDP growth is 5%, but masks “important differences across countries with oil exporters upgraded.” According to the International Monetary Fund in its latest Middle East and Central Asia Regional …

Between 2018 and 2020, the solar power capacity of Vietnam leapt to 16.5 gigawatts from 0.1 gigawatts. In the same period, the sunny Mena region added only 3.1 gigawatts in its entirety. The region has made some important strides in solar power but it needs to find the way to …

Oil-exporting countries in the region are expected to fare better this year as higher crude prices bolster their finances Cairo, Egypt. The Arab world’s third-largest economy was one of a few economies to escape a coronavirus-induced contraction in 2020 but growth is expected to soften this year. Reuters The Middle …

Demand for energy in the Mena region is set to grow by 3.35% per annum for the next 15 years in the region, as the population in the Mena region is estimated to grow by 20% to reach 581 million in 2030 and a further 24% by 2050 to hit …

Committed gas investments in the Middle East and North Africa (Mena) region for the period 2021-2025 are expected to total $75bn, Arab Petroleum Investments Corporation (Apicorp) said. Qatar, Saudi Arabia, and Iraq are the “top three Mena countries in terms of committed gas investments”, the multilateral development financial institution said …

Unstable global energy demand outlook, combined with looming geopolitical threats, is seeing regional oil and gas producers ramp up transport and storage capacities The fall in oil prices as a result of the impact of the coronavirus epidemic on the Chinese economy has highlighted the fragile state of the world’s …

The move is the latest involving Siemens in the GCC.

MENA countries need to create 25 million new jobs over the next five years.

MENA is expected to achieve economic growth of 3.1% in 2018.