Dahlia Nehme

Dana Gas in talks with IPR Energy on Egypt assets sale as sukuk loom - sources

Sep 02 2020

DUBAI United Arab Emirates' Dana Gas is negotiating details of a sale of its Egyptian assets with Texas-headquartered IPR Energy, three sources familiar with the matter said, ahead of a repayment of some $300 million in debt in October.

Abu Dhabi's Masdar to boost its renewable capacity on new projects: CEO

Jul 01 2020

DUBAI Abu Dhabi Future Energy Company (Masdar) plans to boost its renewable energy capacity to 8 gigawatts (GW) before the end of this year, as it expands globally and bids for new projects, its chief executive told Reuters.

Saudi ACWA Power to hit $10 bln target of new 2020 investments despite virus

Jun 29 2020

DUBAI, June 29 Saudi power plant developer and operator ACWA Power expects to achieve its target of more than $10 billion in new investments this year, as the coronavirus pandemic had "minimal impact" on its projects, the firm's chief executive told Reuters.

Development bank APICORP adds $500 million financing programme to support energy clients

Apr 29 2020

DUBAI The Arab Petroleum Investments Corporation (APICORP) [APICO.UL] has added another $500 million to the roughly $2 billion of allocated financing for 2020 to help its energy sector clients deal with impact of the coronavirus and oil price fluctuations, its chief executive said on Wednesday.

Oman welcomes U.S. invitation to OPEC to discuss oil price decline: newspaper

Apr 02 2020

DUBAI Oman welcomes a U.S. invitation to OPEC members to discuss ways of halting a collapse in oil prices, the country's oil minister said, according to the Omani al-Watan newspaper on Thursday.

Expo 2020 Dubai organisers support one year delay due to coronavirus

Mar 30 2020

DUBAI Organisers of Expo 2020 Dubai on Monday backed a proposal to postpone the event for one year due to the coronavirus pandemic.

Expo 2020 Dubai expected to be delayed by up to a year -sources

Mar 30 2020

DUBAI, March 30 Expo 2020 Dubai is expected to be delayed by up to a year due to the global coronavirus pandemic, according to three sources familiar with the matter.

UPDATE 1-UAE's SNOC says Mahani 1 gas project startup to be delayed slightly

Mar 24 2020

DUBAI, March 24 UAE's Sharjah National Oil Company (SNOC) said on Tuesday that the impact of the coronavirus outbreak will delay the startup of production at its Mahani gas exploration project by up to two months.

UPDATE 2-Italian energy group Eni to review its Middle East projects

Mar 24 2020

DUBAI, March 24 Italian energy group Eni is reviewing its projects in the Middle East because of the coronavirus pandemic and oil market conditions, a senior company official said on Tuesday.

Saudi Arabia imposes coronavirus curfew, UAE halts passenger flights

Mar 23 2020

DUBAI Saudi Arabia imposed a nationwide curfew on Monday after reporting a jump of almost a quarter in coronavirus cases, while the United Arab Emirates will suspend all passenger flights starting Wednesday, state media reported.

World News