INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Iraq to cut out carbon emissions in full by 2025

To achieve the goal, the government will need to allocate $3 billion for the next four years.
  • He said that Iraq will stop burning associated gas permanently in 2025
  • "At this summit, we seek to start developing plans to transform the future of our countries and all their economies to a green future free of emissions”

In order to cut out carbon emissions completely, Iraq will stop burning associated gas permanently in 2025. This was stated by the Iraqi Deputy Prime Minister and Minister of Finance Ali Abdulamir Allawi at the Middle East Green Initiative Summit in Riyadh.

He said that Iraq will stop burning associated gas permanently in 2025, which requires the government to allocate an exceptional budget exceeding $3 billion for the next four years.

“At this summit, we seek to start developing plans to transform the future of our countries and all their economies to a green future free of emissions,” Iraqi Deputy Prime Minister said.

This came during his participation in the “Middle East Green Initiative Summit’, inaugurated in Riyadh by Mohammed bin Salman, Crown Prince, where he expressed his thanks to the leadership of the Kingdom of Saudi Arabia for inviting Iraq to participate in this important summit.