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Oil markets need to extend output cut deal: Al Mazrouei

ABU DHABI / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, has underscored the need to extend the crude oil production cut deal to ensure market stability and reasonable prices, noting that reaching an agreement by OPEC and non-OPEC countries towards this end is possible and is likely to reduce the current supply glut. “International ...

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Dubai Chamber-Saudi exports hit AED87.6bn

DUBAI/ WAM The Dubai Chamber of Commerce and Industry (DCCI) received a high-level delegation from the Riyadh Chamber of Commerce and Industry on its premises as part of efforts to promote and facilitate knowledge sharing and cooperation between the two organisations. During the meeting, Hamad Buamim, President and CEO of Dubai Chamber, said, Saudi Arabia remains the top destination for ...

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SCAD records 6% growth in solar power production

ABU DHABI / WAM A recent report issued by the Statistics Centre — Abu Dhabi (SCAD) revealed that the production of electricity from solar energy in the emirate of Abu Dhabi reached 280,085 MW per hour, a growth of 6.1 percent compared to 2015. The Abu Dhabi government has given considerable attention to renewable energy as part of its efforts ...

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