A ministerial committee in Kuwait has put forward a proposal to the Cabinet suggesting that non-Kuwaitis be allowed to own investment residential properties, as reported by the Kuwait Times. The proposal seeks to revitalise the economy and draw capital to Kuwait by creating liquidity to release mortgages and “inject these amounts into the national economy.” […]
investment
Posted inNews
Oman announces $3.8 billion projects across sectors
Oman Investment Authority (OIA) has announced 36 investment opportunities worth $3.8 billion covering various industries. Hisham Ahmed Al Sheedi, Director General of Economic Diversification at OIA said that these investment opportunities will potentially ensure better alignment and synergy between OIA and other government and private entities. He noted that the opportunities are distributed across several […]
Posted inDRILLING & PRODUCTION, Exploration & Production
Tethys Oil to invest $85 million in Oman oil and gas assets
Swedish energy firm Tethys Oil said it plans to invest between $85 to $95 million in the development of its upstream oil and gas assets in the Sultanate of Oman this year. The allocation is roughly on par with the company’s investments made across its sizable portfolio last year, the company said in a press […]
Posted inNews
Aramco CEO calls Europe’s energy crisis plans a ‘short-term solution’
“Freezing or capping energy bills might help consumers in the short term, but it does not address the real causes and is not the long-term solution,” Nasser said
Posted inExploration & Production
Egypt’s Zohr gas field records major investment, output boost
Current production from the gas field jumped to 2.7 Bcm/d
Posted inEnergy Transition
IRENA, OPEC Fund sign partnership to advance renewable energy investment in developing countries
An MoU was signed in Vienna by IRENA’s Director-General Francesco La Camera and the Director-General of the OPEC Fund Dr Abdulhamid Alkhalifa