The new fuel oil regulations for the shipping industry set by the International Maritime Organisation (IMO) will have a major impact on shippers and Gulf producers of crude oil, says a new report from the Arab Petroleum Investments Corporation (Apicorp), the multilateral development bank focused on the energy sector.

The IMO - a specialised agency of the United Nations"...

Technology experts from government, major private-sector entities and startups will explore how digital innovations can revolutionise industries across the GCC at an upcoming event to be held later this month, in Bahrain.

The Bahrain Economic Development Board (EDB) has announced that the kingdom will host Bahrain Tech Week from September 28 to October 7.

Delivered in strategic partnership with Tamkeen, the event presents a uniquely diverse programme of events, with more than 10 summits, forums and"...

The Palestinian Health Ministry has warned on Tuesday evening of the tragic repercussions of the fuel crisis rocking the besieged Gaza Strip on the health sector in the enclave.

The Palestinian Health Ministry’s spokesman, Dr. Ashraf Qidrah, sounded the alarm, in a statement shared on Facebook, over the acute dearth in fuel supplies, a crisis he said has entered a critical stage.

Qidrah"...

Global sukuk issuances in 2018 are forecast to remain flat at $90-$100 billion compared with previous year as higher oil prices lower the need of Arabian Gulf sovereigns to raise funding, according to a new report from Moody’s Investors Service.

'The decrease in sukuk issuances during the first half of 2018 was driven by lower volumes from the Gulf Cooperation Council (GCC) region,' said Moody's Investors Service.

With"...

Informed Western sources have revealed that the Palestinian Authority based in the occupied West Bank has rejected an offer by Qatar to pay for the sole electricity plant in the Gaza Strip for six months, Middle East Affairs said last week.

According to the sources, PA President Mahmoud Abbas approved the offer in principle, but then rejected it amidst fears caused by the ongoing truce talks brokered by Qatar and the UN. Apparently the government"...

China-based GCL-SI has become the first foreign company to receive certification of its photovoltaic modules from the Bureau of Indian Standards (BIS).

GCL System Integration Technology Co is part of Golden Concord Group (GCL) which is an international energy company specialising in clean and sustainable power production.

The BIS is India's Standardization and Certification Authority. It was established in 1987 to replace the Indian Institute of Standards (ISI), established in 1946, as the statutory"...

A new trade route for energy supplies is opening up north of the Arctic Circle as some of the warmest temperatures on record shrink ice caps that used to lock ships out of the area.

This year is likely to rank among the top 10 for the amount of sea ice melting in the Arctic Ocean after heat waves across the northern hemisphere this summer. While that’s alarming to environmentalists concerned about global warming, ship owners carrying liquefied"...

Russian gas giant Gazprom reported a surge in second-quarter net profit, beating analysts' expectations, as it benefited from rising energy prices.

It said second-quarter net profit jumped to 259 billion roubles (Dh13.95bn), from 48bn roubles in the year-earlier period and above a forecast of 228bn roubles in a Reuters survey of analysts.

Gazprom's shares were"...

From March 27 to 29, 2019, the 19th China International Petroleum & Petrochemical Technology and Equipment Exhibition (cippe2019) will be held at the New China International Exhibition Center·Beijing. cippe2019 will continue to invite the world’s oil giants to showcase the latest oil equipment and technologies to the professional buyers from all over the world, and discuss the prospects of the oil and gas industry with industry experts and business representatives.

8"...

Germany-based Phoenix Contact, a global market leader and innovator in the field of electrical engineering, has announced that the company provides standard and customer-specific solutions for the automation and visualisation of photovoltaic systems.

Photovoltaic (PV) systems have become an important and established source of power, with a current installed capacity of approximately 230 gigawatts worldwide.

In the Middle East alone, 11 gigawatts projects have been announced that are either in the"...