The Saudi Press Agency, the kingdom’s official news agency, reported today that a draft law calling for the creation of a separate sovereign wealth fund will be debated by the consultative Majlis Al-Shoura on 9-10 June. The move represents a…
Month: June 2014
KRG adamant about oil and government income sharing
The Kurdistan Regional Government (KRG) which controls the three northern Iraqi provinces of Dohuk, Erbil and Sulaimaniyah remains adamant it will continue to export crude oil independently despite objections from Iraq’s central government. The future of the KRG oil and…
MEED Kurdistan projects conference opens in Erbil amid oil export controversy
MEED’s third annual Kurdistan Projects conference opens in Erbil on Sunday amid hopes that Iraqi Kurdistan’s economy is entering a period of unprecedented expansion. At total of 60 speakers representing government and business in the Kurdistan region of Iraq plus…
One man won, but it’s the 83m Egyptians that matter
President El-Sisi’s supporters are celebrating the general’s sweeping victory in Egypt’s flawed presidential poll. But it’s time to focus on the needs of the 83m people who live in Egypt, a country where unemployment is more than 12 per cent…
Dubai Energy Agency to be Gulf energy efficiency model
The Dubai Energy Agency (DEA), which will be established next year to lead energy efficiency and renewable programmes in Dubai, creates a new model that will influence other GCC states, Gulf observers say. The UAE daily The National today reported…
Kuwait solar project plans listed at MEED conference
The MEED Kuwait Energy & Water Efficiency Conference was told today that 3 per cent of Kuwait’s forecast electricity generation capacity needs in 2030 could be met by operating, planned and proposed solar power projects. The projects are: • Rooftop…
MEED conference told Kuwait can save $25m a day by 2030
Kuwait could save at least $25m a day by 2030 if it implemented electricity and water efficiency and saving measures, the MEED Kuwait Energy & Water Efficiency Conference has been told. About 350,000 barrels a day (b/d) of liquid fuels…
Kuwait efficiency conference chairman says Kuwait can become a global leader in sustainability
Kuwait should aim to be a global leader in water and energy efficiency by developing new policies and introducing new technology into its energy supply chain, MEED Kuwait Energy & Efficiency Conference chairman Edmund O’Sullivan said in speech at the event.…
MEED conference told Kuwait plans to build almost 15GW of new power capacity
Kuwait’s power and water desalination plans call for electricity generation capacity to be raised by almost 15,000MW in the next 10 years, the MEED Kuwait Energy & Water Efficiency Conference was told today (see table). This compares with present installed…
MEED conference told Kuwait considering energy-intensity benchmark for power tariffs
A new electricity tariff system based on the energy efficiency of buildings is being considered in Kuwait, the MEED Kuwait Energy & Water Efficiency Conference was told today. The aim is to encourage electricity saving while countering opposition to attempts…