World’s demand for oil expected to peak by 2040 and eventually decline says IMF

The International Monetary fund (IMF) has said in a new report that global oil demand will peak around 2040 – or ‘much...

Infrastructure

UAE ‘has $63bn worth of active oil and gas projects’

The total estimated value of active oil and gas projects in the UAE has exceeded $63 billion this month, the CEO of...

Infrastructure

Oman’s Gulfar Engineering wins $300m contract

Galfar Engineering, the Omani contractor, has been awarded a $299.21 million construction contract by the Sultanate’s top oil and gas producer, it...

Experts

Renewable energy: The world needs a big change

Our energy systems are in the foothills of a revolution that will change the way we do business and the way we...

Infrastructure

India’s Tata Steel partners with IDC in the Middle East

Indian steel giant Tata Steel has announced a partnership with the International Development Company (IDC) to strengthen its presence in the Middle...

Infrastructure

Kuwait awards contracts worth $11.5bn to build Al-Zour oil refinery

The state-run Kuwait National Petroleum Company (KNPC) has awarded four contracts worth $11.5 billion to build the planned Al-Zour oil refinery, the...

Construction

Oman expects increased private-public investment

RELATED ARTICLES: SEZAD to offer 100% foreign ownership | Five conglomerates chasing Oman Rail PMC | OAB supports symposium on railway project Oman is expected...