UAE: Dubai Energy

Displaying 19 - 24 of 53

 

The economy of Dubai may be considered an outlier for the region, for although its growth and prosperity has been fuelled by its proximity to oil, its own modest hydrocarbons endowment accounted for just 1.3% of GDP in 2016. While its oil-rich Gulf neighbours have long recognised the need to diversify their economies – but have largely been...

Chapter | Energy from The Report: Dubai 2018

The economy of Dubai may be considered an outlier for the region, for although its growth and prosperity has been fuelled by its proximity to oil, its own modest hydrocarbons endowment accounted for just 1.3% of GDP in 2016. While its oil-rich Gulf neighbours have long recognised the need to diversify their economies, Dubai’s leaders understood decades ago that the emirate could only prosper...

Dubai saw steady GDP growth of 2.8% in 2017 and this is expected to reach 3.2% in 2018, with an increased drive towards consolidating its position as a knowledge-based economy. The emirate is among the most diversified in the region, thanks to factors such as a highly attractive business environment that has brought in large amounts of foreign investment.

 

What kind of impact is the acquisition of Dragon Oil by ENOC having on the sector’s dynamics?

 

Thanks to a sharp rise in investment, solar energy’s potential as the power of the future is enjoying renewed credibility in Dubai. The emirate is determined to be at the leading edge in energy innovation, but those responsible for meeting its growing power generation needs have also had to be convinced that the economics make sense as well....

 

The primary fuel mix in the Dubai Integrated Energy Strategy includes one new ingredient that may at first sight seem to contradict the emirate’s increasingly green credentials – coal. In October 2015 Dubai Electricity and Water Authority (DEWA) announced the preferred bidders for the Hassyan clean coal generation facility, the first phase of...

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