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Oil extends drop after Saudi price cuts underline demand concern

Bloomberg Oil extended its retreat below $40 a barrel after Saudi Arabia cut pricing for October crude sales as demand stuck below pre-Covid levels. Futures in New York dropped 1.7% after Saudi Aramco reduced its key Arab Light grade more than expected for shipments to Asia, a signal that fuel consumption in the largest oil-importing region is wavering. The company ...

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Tadweer launches phase two of solar power plant

Abu Dhabi / WAM The Abu Dhabi Waste Management Center (Tadweer) announced the opening of the second phase of the solar power plant project at the Construction and Demolition Waste Recycling Facility in Al Dhafra region of Abu Dhabi. Aimed at lowering the facility’s carbon footprint, Al Dhafra C&D Waste Recycling Facility, the first of its kind in the world ...

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Sultan Al Jaber calls for more public-private partnerships

Abu Dhabi / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, held his first meeting with the members of the Industrial Coordination Council (ICC) outlining the leadership’s vision to advance the nation’s industrial sector and the critical role the ICC plays in supporting the ministry’s mandate. Dr Al Jaber, who was joined in the virtual ...

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