News

Arabian Gulf Business Insight on MSN14h

Spanish blackouts hit profits at Mubadala-owned refiner

Spanish refiner Moeve, which is majority-owned by Abu Dhabi’s Mubadala, said earnings fell in the first half of 2025, hurt by the massive power outage in Spain and Portugal in April and a decline in ...
As clean energy scales up, experts say outdated grids and poor planning are turning local outages into global wake-up calls.
Environment and Energy Minister Maria Graça Carvalho said the plan would ensure that the Iberian nation of 10.6 million is ...
Portuguese authorities have announced measures to strengthen the country’s electricity system after the April 28 blackout ...
Spain's second-largest oil refiner Moeve, formerly known as Cepsa, said on Monday the massive power blackout that hit Spain ...
Spain's second-largest oil refiner Moeve, formerly known as Cepsa, said on Monday its net profit fell 19% in the first half ...
The Spanish Congress of Deputies has toppled the royal decree-law aimed at reforming the grid after the April blackout.
Spain's Repsol confirmed its shareholder payout target on Thursday after second-quarter adjusted profit fell less than ...
Spain's Repsol said on Thursday its second-quarter adjusted profit beat expectations despite a 175 million euro ($206 million) hit from a massive blackout in April and other smaller power-supply ...