AMMAN, Wednesday, January 15, 2020 (WAFA) - The Jerusalem District Electricity Company (JDECO) and the Jordanian National Electricity Company signed today in the Jordanian capital, Amman, an agreement to raise Palestine’s electricity supply capacity by bolstering the electrical connection between them that would allow an increase in the quantity of current exported to Palestine from 26 MW to 80 MW.

The agreement was signed in the presence"...

The Emirates Nuclear Energy Corporation (ENEC) has showcased at World Future Energy Summit the impactful role that nuclear energy will play in sustainably powering the growth of the country, in line with the UAE Energy Strategy 2050.

The strategy includes a reduction in carbon dioxide emissions by 70 per cent, an increase in clean energy use by 50 per cent and a 40 per"...

The Palestinian Authority (PA) has paid Israeli Electric Corporation 700 million shekels ($202 million) in part payment for debts it has accrued, Israel’s Reshet Bet radio station reported yesterday.

Quoting a PA source, the channel said that the money was borrowed from Palestinian banks and makes up part payment of the 1.8 billion shekel ($512 million) debt.

According"...

SINGAPORE (Reuters) - Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest oil users, may not boost demand as the U.S. intends to keep tariffs on Chinese goods until a second phase.

U.S. Treasury Secretary Steven Mnuchin said late on Tuesday that tariffs on Chinese goods will remain in place until the completion of a second phase of a U.S.-China trade agreement,"...

With the coal power sector in India struggling for the last few years, the Indian government has proposed carbon tax waiver on coal which may pose significant risk to India's renewable energy sector growth, says GlobalData, a leading data and analytics company.

The waiver is an attempt to help finance pollution curbing equipment and alleviate significant debt levels"...

Mubadala Investment Company’s real estate and infrastructure arm and Abu Dhabi National Oil Company (Adnoc) have signed a new long-term lease for 8,194 sq m in Sarab Tower, one of four towers located at Al Maryah Island’s Abu Dhabi Global Market Square (ADGM Square).

ADGM Square totals 182,000 sq m of leasable space and is approximately 70 per cent occupied."...

The Middle East is expected to have the second highest petrochemical capacity additions globally, behind Asia, between 2019 and 2030, according to a report.

The region will contribute about 121.2 mtpa of the total global new-build and expansion petrochemical capacity additions by 2030, according to GlobalData, a leading data and analytics company.

"...

Israeli Prime Minister Benjamin Netanyahu headed on Thursday to Athens to sign an agreement with the leaders of Greece and Roman Cyprus to extend a marine pipeline, allowing Tel Aviv to export natural gas to the European continent through the Mediterranean.

This tripartite summit comes after Netanyahu held in December a series of talks with his Greek counterpart Kyriakos Mitsotakis and Cypriot President Nicos Anastasiades, and agreed with them to"...

The World Future Energy Summit’s Climate Innovations Exchange (CLIX) 2020, supporting innovative global green tech and sustainability start-ups, announced today the 42 finalists out of a record-high 600 shortlisted entries.

Hosted by the Ministry of Climate Change and Environment (MOCCAE), CLIX 2020 has marked year-on-year growth of 67 percent in applications and 54 percent in participating countries. Demonstrating its international reach, this year’s edition has received 1,402 entries from 128 countries,"...

RAMALLAH, Sunday, December 29, 2019 (WAFA) – The power cut enforced by the Israeli Electricity Company (IEC) on hundreds of thousands of Palestinian households and businesses in different cities and villages in the West Bank seem to have ended with several Palestinian and Arab banks agreeing today to give the Jerusalem District Electricity Company (JDECO) a loan to pay its debt to the IEC.

In order for IEC to collect its debt from the Palestinian-owned"...