UAE

Global Markets: Saudis Hold Firm on Cuts After Trump Tweet

Posted on February 27, 2019February 27, 2019 by Mozambique Resources Post

Saudi Arabia is leaning toward extending OPEC cuts into the second half of 2019, potentially pitting the group against U.S. President Donald Trump’s demand to keep prices down.

Africa Renewables: Angola and UAE to Cooperate on Energy

Posted on January 28, 2019January 28, 2019 by Mozambique Resources Post

Angola signed three cooperation agreements with the UAE. The agreements cover the fields of energy production, transmission and distribution, as well as in the supply of drinking water. These agreements concern the setting up of a power plant in Moxico and the installation of an electrical transmission system in order to integrate the eastern region of the country into the entire national electricity grid. The plant will have a projected capacity of 350 to 400…

Analyse: The feud between brothers, the GCC rift and implications for oil and gas markets

Posted on June 9, 2017June 9, 2017 by Mozambique Resources Post

Earlier this week, Saudi Arabia, the UAE, Bahrain and Egypt cut diplomatic and economic ties with Qatar, accusing Qatar of supporting extremism. The measures are of unprecedented severity in modern GCC diplomacy with adverse consequences for Qatar, not least for its reputation as a business and international and regional transit hub and as host for international events, including the 2022 World Cup.