EC Investigates Adnoc-Covestro Deal | MEES

The European Commission announced on 28 July that it has opened an “in-depth investigation to assess” Adnoc’s purchase of German chemicals firm Covestro (MEES, 4 October 2024). The EC cites “preliminary concerns ...

Beyond Oil: The Gulf’s Race to Define Carbon Value

The Middle East’s position as a global energy powerhouse can no longer be defined solely by the scale of its hydrocarbon reserves. In today’s markets, where carbon performance increasingly shapes trade flows and pric...

GCCIA Begins Work On Expanding Kuwait Link

The GCC’s Interconnection Authority (GCCIA) began the delayed commissioning of its new 2.5GW Wafra (Z) substation in Kuwait this week . The new station is connected to the GCCIA’s existing Fadhili substation in Saudi...

Saudi Deficit Shrinks In Q2

Saudi Arabia’s budget deficit fell by 40% sequentially in Q2 to $9.2bn, bringing the total year-to-date figure to $24.9bn. Despite the improvement from Q1, this is already within touching distance of the budget forecas...