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TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

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.