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FINANCIAL NEWS
UAE to adopt shared point of view towards energy issues
12 Mar 2016
(MENAFN) New and Renewable Energy Authority, or NREA, focused on an entity for coordinating between Arab states in regard to adopt shared point of view towards energy issues.
Accordingly, such an entity would also set goals for the contribution of renewable in the Arab energy system.
The energy sector in Egypt is “unsafe” due to fossil fuels comprising almost 95 percent of the sector and introduces 90 percent of energy used to produce elect.
In addition, this turned Egypt into an importer of oil instead of exporting, because of the huge reduction by the elect power plants.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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