DUBAI: On the launch of the third round of Arab Hope Makers initiative, His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said, “Every person has a capacity to give and a talent to invest in serving societies. Water drops make a river and reigniting civilisations starts with giving. Creating hope will spark a new life in our region.”

IEA - The United States will drive global oil supply growth over the next five years thanks to the remarkable strength of its shale industry, triggering a rapid transformation of world oil markets

The Gazprom Board of Directors expressed its approval the Company’s ongoing work on its major investment projects.

Iranian Minister of Petroleum Bijan Zangeneh said the country’s gas production capacity from the supergiant South Pars gas field would cross 750 million cubic meters per day by late 2019.

Qatar will launch an energy-focused Islamic lender later this year with a targeted capital of $10 billion to finance both domestic and global projects, an executive said

Saudi Arabia said on Tuesday it would spend 86 billion riyals ($23 billion) to boost the quality of life in the capital Riyadh, increasing green space and recreational areas and installing 1,000 works of art across the city.

«Уверен, что благодаря нашей сплоченности и решимости мы сможем добиться успеха в деле поддержания долгосрочной стабильности на рынке в интересах экономических агентов на всём протяжении нефтяной производственной цепи»,

Saudi Arabia said on Sunday OPEC’s job in rebalancing the oil market was far from done as global inventories were still rising despite harsh U.S. sanctions on Iran and Venezuela, signaling it may need to expand output cuts into the second half of 2019.

Abu Dhabi is one of the most important examples of a city that is creatively seeking to strengthen its renewable energy sector.

The Emirates Nuclear Energy Corporation has signed a memorandum of understanding with Enusa Industrias Avanzadas, defining a framework for collaboration and the exchange of information and expertise in the field of nuclear fuel services.

Abu Dhabi: The UAE Cabinet, chaired by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, adopted the National Space Strategy 2030 during its meeting at the Presidential Palace in Abu Dhabi on Monday. The Cabinet meeting was attended by Shaikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.

The UAE cabinet on Monday approved the regulatory framework for issuance of five and 10-year UAE residence visas to certain categories of applicants.

India is seeking investment from Saudi Arabia to build emergency crude reserves that will act as a buffer against volatility in oil prices and supply disruptions for the third-largest oil consumer.

India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with Washington about extending a sanctions waiver past early May, two sources with knowledge of the matter said. New Delhi is asking to be allowed to still buy Iranian oil at current levels of around 1.25 million tonnes per month, or about 300,000 barrels per day, the sources said.

Iran is to launch four new phases at South Pars, the world’s largest gas field, with a production capacity of up to 110 million cubic meters per day, the oil ministry said