A broad-based rally in GCC markets coupled with elevated oil prices have pushed the MSCI GCC aggregate benchmark up 17.7% during Q1-2022, the biggest gains since Q2-2009. Gains were supported by four consecutive months of gains in the index, according to Kamco Invest a premier investment company based in Kuwait. …
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Qatari Energy Minister Saad Al Kaabi said in an exclusive interview with CNN’s Becky Anderson that Qatar will stand “in solidarity with Europe” and will not divert gas contracts to other customers. Qatar supplies some European countries with gas in the form of divertible contracts, which means it is able …
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Siemens Smart Infrastructure has unveiled a new sustainable, EV charging concept structure designed for electrifying fleets and high demand charging applications at scale. The new VersiCharge XL concept (UL standard) was created to electrify new or existing parking lots and building structures quickly and efficiently by using a modular, scalable …
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Siemens has honoured 15 particularly resourceful researchers from Germany, the US, Israel, India, the UK and Poland as 2021 Inventors of the Year. The awardees’ inventions span Siemens’ entire spectrum, and they all pursue advances based on the company’s understanding of innovation: technology that serves people and improves their everyday …
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Honeywell has announced that the Lanaz Company, a compaany based in Kurdistan region of Iraq, will use UOP modular naphtha hydrotreating and fixed-bed Platforming process units to upgrade its refinery in Iraq so it can produce more cleaner-burning transportation fuels. The project marks the first use of UOP modular technology …
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The Organization of the Petroleum Exporting Countries (OPEC) has appointed Haitham Al-Ghais of Kuwait as its Secretary General with effect from August 1, 2022, for a period of three years. The decision was taken as a special conference of OPEC under the chairmanship of its President, Bruno Jean-Richard Itoua, Congo’s …
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QatarEnergy said that its LNG producing affiliate, Ras Laffan Liquefied Natural Gas Company, has entered into a long-term Sale and Purchase Agreement (SPA) with China’s Guangdong Energy Group Natural Gas Company. The SPA is for the supply of one million tons per annum of LNG to China over a 10-year …
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The Energy Efficiency Hub – a global platform for collaboration aimed at delivering the social, economic and environmental benefits of more efficient use of energy – has been launched at an event hosted at the International Energy Agency (IEA) in Paris. The Hub’s initial 16 members are Argentina, Australia, Brazil, …
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GCC economies are expected to return to an aggregate growth rate of 2.6% in 2021 due to stronger oil prices and the growth of non-oil sectors, and will accelerate into 2022 as OPEC+-mandated oil production cuts are phased out and higher oil prices improve business sentiment and attract additional investment, …
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Saudi Aramco is marking the start of its development of the Jafurah unconventional gas field on November 29, says a report by Arab News. The Saudi-listed firm claims it to be the “largest non-associated gas field” in the Kingdom. The move is part of the Kingdom’s push to commercialise its …
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