“Flexible Murabaha Finance Company records 10% increase in net profits in Q1 2023”
Riyadh – Mubasher: The Saudi “Flexible Murabaha Finance Company” announced that it recorded an increase in its net profits by 10% during the three-month period ending on March 31, 2023. The company stated in a statement today, Sunday, that the net income during the first quarter amounted to about 15.2 million riyals, with a profit […]
Lebanese Minister of Finance Questioned by European Delegation on Financial Corruption and Money Laundering Allegations
Mubasher: The Minister of Finance of the Lebanese caretaker government, Youssef Al-Khalil, appeared today, Friday, before the European judicial delegation that is visiting Lebanon for the third time since the beginning of this year to hear bankers as witnesses in European investigations taking place in France, Germany and Luxembourg regarding cases of financial corruption and […]
“Is now the time for Irish families to consider solar power as energy prices remain worryingly high?”
Many consumers in Ireland are still feeling the burden of high energy prices, even though wholesale rates have decreased in recent months. The Central Statistics Office reported that wholesale electricity prices dropped over 50% in the 12 months to March, while natural gas prices have likewise seen a significant decline. However, Irish families are still […]
Global Gold and Oil Prices Fall Ahead of Federal Reserve Meetings
Mubasher: The decline dominated most of the global gold and oil prices, in addition to the US dollar index, during trading today, Tuesday, on the eve of the start of the crucial Federal Reserve meetings expected by investors in the world. And by 11:00 am GMT, Brent crude futures for July delivery were down 0.04%, […]
“Dubai Energy Exchange Reports 18% Increase in Oman Crude Oil Delivery Volumes in Q1 2023”
Dubai – Mubasher: The Dubai Energy Exchange announced that the actual delivery volumes of Oman crude oil increased by 18 percent in the first quarter of 2023, as it delivered 63.77 million barrels, compared to 54.01 million barrels in the same period of 2022. The stock market recorded a 9 percent increase in trading volume […]
Ireland Joins North Sea Plan to Quadruple Offshore Wind Energy Generation and Build International Grid
Ireland has joined a group of eight European countries in a pledge to quadruple wind energy generation and develop “islands” linking offshore energy infrastructure in order to create a vast power generation network. Taoiseach Leo Varadkar says that Ireland’s inclusion in the North Sea plan is key to avoiding being left out of European plans […]
“Unified Issuance Program Successfully Reduces Billing Errors by 95%”
I wrote – Rahma Ramadan Monday, April 24, 2023 12:00 AM An official source at the Ministry of Electricity and Renewable Energy revealed that the unified issuance program experiment was implemented 3 months ago in the Abbassiya administration of the North Cairo Electricity Distribution Company, which includes 67 thousand subscribers, revealing that the bill that […]
“The Battle between Fossil Fuel Sustainability and the Electrification of Transportation: Long-Term Forecasting for the Global Energy Mix”
Amid the trillions of dollars invested in renewable energy capacity, the share of oil and gas in the global energy mix has declined by just a few percentage points Predicting what an industry will look like 20 or more years from now has always been a challenge. There are always unforeseen factors that have the […]
Japan receives first shipment of low-emission ammonia from Saudi Arabia for co-burning with fossil fuels
Riyadh – Mubasher: The State of Japan received the first shipment of low-emission ammonia from Saudi Arabia, today, Friday, with plans to use it in co-burning alongside fossil fuels. to reduce carbon emissions. It is noteworthy that Japan, which lacks energy resources, wants to add hydrogen and ammonia to its energy mix, as it agreed […]
The State of Renewable Energy Development in the Region: The Role of Small Producers and Economic Benefits.
What is the current situation of the development of renewable energies in the Region? Our territory is ideal for the production of renewable energy, especially photovoltaic, few places in the world enjoy a sun and a sky that allows us to have our 3,000 hours of sunshine per year. In addition, we have excellent distribution […]