OPEC optimistic on demand, calls for more oil and gas investment News

ABU DHABI: The Emirati president-designate of the upcoming United Nations COP28 climate talks called on oil and gas companies on Monday to be “central to the solution” to fighting climate change, even as the industry boosts its production to enjoy rising global energy prices. The call by Sultan Al-Jaber highlights the gap between climate activists … Read more

Saudi Arabia to host 12th session of OIC’s statistical committee News

RIYADH: Abu Dhabi’s non-oil economy grew by 12.3 percent in the second quarter of 2023, accompanied by a 3.5 percent increase in its overall gross domestic product, reported the Statistics Centre — Abu Dhabi. The emirate’s real non-oil GDP soared to 154 billion dirhams ($42 billion), marking its highest since 2014. This increase represents a … Read more

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