09 Muharram 1446 - 15 July 2024
    
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Eye of Riyadh

PepsiCo, SABIC and partners launch the Mega Green Accelerator, powered by AstroLabs, to bolster the climate solutions
Environment & Energy | Sunday 10 December, 2023 9:22 am
On the heels of the first week of COP28, PepsiCo, SABIC, AstroLabs and their strategic partners have announced the launch of the Mega Green Accelerator, a new initiative to nurture the next generation of innovators in the region as they develop solutions to both regional and global sustainability...
African civil society unveils 5 recommendations for fight against climate change in the continent
Environment & Energy | Saturday 9 December, 2023 10:48 am
At the 28th Conference of the Parties (COP28), an African civil society coalition has unveiled its five absolute priorities to fight climate change: adaptation, loss and damage, food systems; land use; and the protection and restoration of forests. The priorities were announced by Secou Sarr,...
OPEC+ to take action if necessary: Russia's Novak
Environment & Energy | Saturday 9 December, 2023 10:37 am
Russian Deputy Prime Minister Alexander Novak said on Friday that OPEC+ will be ready to take a decision if market situation would require it, Reuters reported.   "We will analyze the situation on the oil market and, if necessary, make appropriate decisions," he...
Saudi Arabia, Russia agrees to boost cooperation in oil, petchem
Environment & Energy | Friday 8 December, 2023 8:26 am
Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud held an official meeting with Russian President Vladimir Putin during the latter’s visit to the Kingdom, where they discussed historical and strategic relations between both countries and means of development in all...
COP28 Business & Philanthropy Climate Forum mobilizes $5 billion in funding to advance climate and nature action
Environment & Energy | Sunday 3 December, 2023 11:00 am
The Business & Philanthropy Climate Forum, COP28’s private-sector engagement platform to convene global business leaders and philanthropists, concluded its first day yesterday, with the announcement of a range of transformative climate and nature initiatives, and commitments to mobilize $5...
NWTN and Partners Exhibit Technologies for Full Clean Energy Value Chain at COP28 in Dubai, UAE
Environment & Energy | Sunday 3 December, 2023 10:55 am
NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world ("NWTN" or the “Company”), is currently exhibiting, with its partners, technologies for the entire clean energy value chain during COP28 UAE from...
Oil prices likely to hit $100/barrel in 2024, Goldman Sachs warns
Environment & Energy | Saturday 2 December, 2023 7:20 am
Oil prices are expected to reach $100 a barrel in 2024 on supplies-related risks if the political turmoil escalates in the Middle East, Goldman Sachs strategists said in a note. The impact of supply disruptions could be limited, as the Middle East dominates a smaller percentage of global...
Saudi to complete 30% of largest geological survey in Dec.: Almudaifer
Environment & Energy | Saturday 2 December, 2023 7:14 am
Saudi Arabia made great efforts to transform the mining sector, including the launch of the largest and most modern geological survey in the world on 700,000 square kilometers of the Arabian Shield, said Khalid Almudaifer, Vice Minister of Industry and Mineral Resources for Mining Affairs. He...
ENOC Group Receives IWA 42:2022 Certificate for its Commitment to 'Net Zero'
Environment & Energy | Saturday 2 December, 2023 12:54 am
ENOC Group, a leading integrated global energy player, has recently gained recognition for pioneering efforts towards achieving "Net Zero" greenhouse gas (GHG) emissions. ENOC was honoured with IWA 42:2022' Statement of Verification and Assurance' Certificate.   The recognition came...
Saudi Arabia extends voluntary cut of 1M bpd oil output until Q1 2024
Environment & Energy | Friday 1 December, 2023 3:59 am
Saudi Arabia will extend the voluntary oil production cut of one million barrels per day (bpd) until the first quarter of 2024, in coordination with some OPEC+ members, said an official source at the Ministry of Energy.  The Kingdom started the voluntary oil output cut in July...
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