ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), and Abu Dhabi Power Corporation (ADPower) announced on Monday the issuance of a joint tender for a first-of-its-kind project in the Middle East & North Africa (Mena) region. The joint tender sets out to develop and operate the region’s first high-voltage, direct current, HVDC, sub-sea transmission system, that will ...

Bloomberg Oil dropped back below $15 a barrel as swelling global crude stockpiles made it more difficult for leading producers to balance the market by curbing output. Futures in New York slid 16%, snapping a four-day gain. While US drilling is sliding and Saudi Arabia started reducing output ahead of the start date for Opec+ supply cuts, an immense glut ...

RIYADH / WAM The government of Saudi Arabia signed a SR995 million contract with China to provide nine million Covid-19 tests for nine million people in the Kingdom. The Saudi Press Agency (SPA) reported that the decision came “as a result of a phone call made between the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud ...