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John Benny


Articles

The agreement follows Alpha Dhabi’s transfer of its 25 per cent stake in Gordon to Enersol in January this year. Photo: Adnoc
Adnoc Drilling JV to acquire additional stake in US tech company for $270m

Enersol, the joint venture with Alpha Dhabi, is planning more acquisitions and investments

EnergyJune 11, 2024
Purvi Munot, chief executive of Sav, a Dubai-based platform that aims to streamline the process of saving money. Photo: Sav
Dubai-based Sav platform aims to address innovation gap in savings

Generation Start-up: Company is in the process of closing its latest funding round, with participation from a subsidiary of Saudi Arabia's Public Investment Fund

BusinessJune 10, 2024
An Israeli soldier manning a position in a building under construction in the Gaza Strip. AFP
Palestinian private sector suffers $2.3bn loss in first four months of Gaza war

Total unemployment in the enclave and the occupied West Bank is expected to rise to 668,000 in 2024, ILO says

EconomyJune 07, 2024
Russia's Deputy Prime Minister Alexander Novak, right, and Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman, at the St Petersburg International Economic Forum. Reuters
Saudi minister blames media and analysts for 'fiddling' with oil market

Prince Abdulaziz bin Salman further says issue over UAE production quota was quickly sorted over 'very nice' lunch in Abu Dhabi

EnergyJune 06, 2024
Masdar's wind farm in the UAE. The company is planning to develop offshore wind energy projects in Azerbaijan, which will be used to produce green hydrogen. Photo: Masdar
Masdar explores using Azerbaijan's gas corridor for hydrogen exports

Main issues around green hydrogen include identifying potential off-takers for the long term, senior executive says

EnergyJune 05, 2024
Cop28 President Dr Sultan Al Jaber, speaking at the Baku Energy Week, said that Cop29 in Azerbaijan will focus on the issue of climate finance. The National
AI and clean energy are key to ‘climate positive’ development, Dr Al Jaber says

Growth of the technology, driven by the expansion of data centres, will necessitate the use of renewable energy along with natural gas, Dr Al Jaber says

ClimateJune 04, 2024
The Opec logo outside its headquarters in Vienna, Austria. Opec expects strong economic growth from emerging economies. Reuters
Oil prices dip despite Opec+ extending production cuts

Voluntary output cuts of 2.2 million barrels per day were extended by three months until the end of September 2025

EnergyJune 03, 2024
An Adnoc L&S barge. The company expects to save more than $100 million each year by reducing technical management and fuel costs. Photo: Adnoc L&S
Adnoc L&S to acquire 80% of shipping pool operator Navig8 for $1bn

The remaining stake will be bought in 2027

EnergyJune 03, 2024
Opec+ member countries have been co-ordinating output cuts to stabilise oil markets. Reuters
Opec+ extends output curbs until end of 2025

The UAE has been given a higher oil production level for 2025 to be phased in gradually over the first nine months

EnergyJune 02, 2024
The Barakah Nuclear Energy Plant in Abu Dhabi. Photo: Abu Dhabi Media Office
Gulf states add nuclear power to energy mix as net-zero goals loom

After the UAE and Saudi Arabia, Kuwait is also considering nuclear energy capabilities

EnergyJune 01, 2024
Crude oil storage tanks at the Cushing oil hub in Oklahoma. US crude stocks decreased by 4.2 million barrels in the week that ended on May 24. Reuters
Oil set to record monthly loss on growing supply glut concerns

Opec+ is expected to extend some output curbs after its meeting on Sunday

EnergyMay 31, 2024
The decrease for June follows four consecutive months of fuel price increases. Pawan Singh / The National
UAE petrol prices to fall next month

Motorists in the Emirates will pay less at the pump

EnergyMay 31, 2024
The tenants will access their plots in 2025. Photo: Adnoc
Abu Dhabi's Ta’ziz signs 31 land reservation deals for light industrial area

The project is expected to enable more than $1 billion of investment and generate thousands of jobs

BusinessMay 30, 2024
Irish Foreign Minister Michael Martin, Spanish Foreign Minister Jose Manuel Albares and Norway's Foreign Minister Espen Barth speak during a press conference on the recognition of Palestinian statehood in Brussels on Monday. EPA
Israel 'unlikely to cut economic ties in Europe over Palestine'

Diplomatic row with Spain, Ireland and Norway would feed anti-Israeli sentiments in Europe, analyst says

EconomyMay 29, 2024
An investor looks at the screen at the Dubai International Financial Market. Reuters
Drake & Scull shares soar 30% on DFM return

The company resumed trading on the Dubai stock exchange after long-drawn debt negotiations and complex restructurings

PropertyMay 29, 2024
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