United Arab Emirates

United Arab Emirates Energy Profile: Among World’s 10 Largest Oil Producers – Analysis – Eurasia Review – 29/03/2017

The share of hydrocarbon export revenues, which amounted to $129 billion (35% of total export revenue), has fallen since 2013 according to the International Monetary Fund (IMF) as a result of the decline in oil prices. Nonetheless, UAE’s crude oil and other petroleum liquids production has grown over the same period.

Source:  Eurasia Review, 2017/03/29

By |March 30th, 2017|Categories: News|Tags: , , |

The UAE Expects to Save $192 Billion by Switching to Renewable Energy – Futurism – 30/03/2017

The UAE plans to invest $150 billion in clean energy by 2050. This move will save the country $192 billion during that time as it reduces its dependency on subsidized natural gas energy in stages.

Source:  Futurism, 2017/03/30

By |March 30th, 2017|Categories: News|Tags: , , |

UAE unveils long-term energy strategy – World Nuclear News – 13/01/2017

The United Arab Emirates (UAE) has unveiled plans to increase the contribution of "clean energy" in its total energy mix to 50% by 2050. The UAE's new energy strategy sees half of the country's energy coming from renewables and nuclear, with the remaining half coming from fossil fuels.

Source:  World Nuclear News, 2017/01/13

By |January 20th, 2017|Categories: News|Tags: , , |

UAE invests £134bn in renewables in push to reach 50% clean energy target – The Independent – 11/01/2017

Oil-rich Gulf state has pledged that half of its energy will be generated from renewable sources by 2050.

Source:  The Independent, 2017/01/11

By |January 12th, 2017|Categories: News|Tags: , , , |

Oil back above $50 as Opec agrees supply cut – FT – 30/11/2016

Compact to axe 1.2m b/d major policy reversal for Saudis. Saudi Arabia will shoulder the bulk of the production cuts, reducing output by almost 500,000 b/d to 10m b/d, while Kuwait, Qatar and the United Arab Emirates agreed to curbs of 300,000 b/d of production.

Source:  FT, 2016/11/30

GCC economies are responding well to the fiscal reforms: IIF – Gulf News – 20/10/2016

Ratio of Government spending to non-oil GDP to decline from 60 per cent in 2014 to 40 per cent by 2020.

Source:  Gulf News, 2016/10/20

By |October 27th, 2016|Categories: News|Tags: , , , , , , , , |

Immense need for close monitoring’ of Dubai debt, warns analyst

With Dubai’s debt pile expected to amount to 129 percent of gross domestic product (GDP) this year, there is an “immense need for close monitoring” of debt management, according to a report from SICO Bahrain.

Source:  Arabian Business, 2016/09/15

By |September 23rd, 2016|Categories: News|Tags: , , |

What do you want to buy Saudi Arabia?

Saudi Deputy Crown Prince Mohammed bin Salman recently gave an interview to Bloomberg in which it described the country’s ambitious plans to develop its Public Investment Fund (PIF) into the largest sovereign wealth fund globally.
Gulf States’ sovereign wealth funds (SWF) are regularly drawing attention from the public, the media, and economic players. Sometimes this is [...]

Oil-rich UAE aims to stay an energy leader in post-Paris world

The UAE, more than any other country in the region, has turned to renewable energy as a way to cut domestic use of its petroleum products, maximizing their export potential. The country has one of the more ambitious targets in the region: It aims to have 24 percent of all energy coming from low-carbon sources [...]

By |February 23rd, 2016|Categories: News|Tags: , , |

Abu Dhabi to Take Billions From ADIA for Debt, Fitch Says

Abu Dhabi Investment Authority’s assets will probably shrink by billions of dollars by the end of this year as the emirate’s government taps its sovereign-wealth fund to bridge a deficit brought on by low petroleum prices, Fitch Ratings Ltd. said. Assets will drop to $475 billion at the end of this year, from an estimated [...]

By |February 10th, 2016|Categories: News|Tags: , , , |