INSEAD Day 4 - 728x90

Energy

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Saudi energy minister calls Western climate pledges ‘small change’

"Unlike the small change offered for loss and damage from our partners in developed countries, the Kingdom through its South-South...

Geostrategy

QatarEnergy announces integration of all marketing and related activities

DOHA, QATAR - QatarEnergy has announced the successful integration of all marketing and marketing-related activities formerly managed by QatarEnergy LNG....

Business
Geostrategy

Saudi could go carbon-neutral before 2060: Minister

Prince Abdulaziz bin Salman said new processes enabling capture and reuse of carbon were key to the kingdom achieving net...
  • The kingdom is promoting the circular carbon economy at the Future Investment Initiative conference in Riyadh.
  • Saudi Arabia also has announced a $1 billion contribution to initiatives to fund the CCE and provide "clean" fuel for the world's poor.
Economy

Iran blames cyber attack as fuel supply hit

Details of the attack and its source are under investigation, state TV added, without giving further details.
  • Details of the attack and its source are under investigation, state TV added, without giving further details
  • Tuesday's disruption had an unprecedented impact because it blocked the IT system that allows Iranians to fill their tanks for free
Geostrategy

Saudi Arabia pledges more than $1 billion in ‘green era’ initiatives

Crown Prince Mohammed bin Salman announced two initiatives to fund the "circular carbon economy" and provide "clean fuel" to help...
  • The "circular carbon economy", a concept promoted by the Saudis, aims to remove and store carbon for reuse in other products.
  • Saudi Arabia has said it would join a global effort to cut emissions of planet-warming methane gas by 30 percent by 2030.
Science

Saudi minister: More investment in science and technology way to net-zero goal

Saudi Arabia's Minister of Communications and Information Technology Abdullah bin Amer Al-Swaha has said that the best way to achieve...
  • Al-Swaha says pursuing current policies and technologies will lead to a gap of 30-40 percent in the zero-emission goal.
  • Saudi Arabia is taking the lead in building a center for climate technologies in the MENA region, he said.
Science

Aramco sets 2050 net-zero target

The company acknowledged that this would have its challenges.
  • Saudi Aramco chief Amin Nasser has said the company will achieve net-zero emissions by 2050
  • He was speaking at the Saudi Green Initiative forum, where Saudi Arabia pledged to become net-zero by 2060
Science

Saudi Arabia eyes zero carbon emissions by 2060

At the Saudi Green Initiative forum, the Gulf country has also vowed to join a global effort to reduce methane...
  • Saudi Arabia has announced plans to reduce carbon emissions by 278 million tons annually by 2030
  • The country is also taking the Global Methane Pledge to reduce methane emission
Geostrategy

OECD nations to ban export credits for coal power

With the latest international climate conference just days away, the proposed ban will halt support to new coal power stations...
  • For existing coal-fired power stations, the credits can only be used for pollution mitigation and carbon capture equipment that doesn't extend the service life of the facility.
  • Coal is the dirtiest fossil fuel and is responsible for a major chunk of carbon emissions.
Geostrategy

Renewable energy jobs reach 12 million globally

A report by the International Renewable Energy Agency confirms Covid-19 caused delays and supply chain disruptions, with impacts on jobs...
  • Off-grid solar lighting sales suffered due to Covid-19 disruptions, but companies were able to limit job losses.
  • China commanded a 39 percent share of renewable energy jobs worldwide in 2020, followed by Brazil, India and the US.
Business

ACWA Power plans to stop investing in non-renewable projects: CEO

ACWA Power has said it plans to end investment in non-renewable projects in its endeavor to reach net zero by...
  • ACWA holds a one-third stake in the massive $5 billion Neom futuristic city project, which will be powered entirely by solar and wind.
  • The company, 44 percent owned by PIF, will be "very selective" about the type of gas-powered plants, says CEO
Business

QatarEnergy partners for UK project

This is QatarEnergy and Shell’s first hydrogen agreement.
  • QatarEnergy and Shell have signed an agreement to pursue joint investments in blue and green hydrogen projects in the UK
  • It apparently establishes a framework for collaboration and joint investment to develop hydrogen solutions in the UK

Saudi energy minister calls Western climate pledges ‘small change’

"Unlike the small change offered for loss and damage from our partners in developed countries, the Kingdom through its South-South...
Geostrategy

Company News

Latest News

Masdar, IRENA ink pact on tripling global renewable energy capacity by 2030

ABU DHABI, UAE - Masdar has signed an agreement with the International Renewable Energy Agency (IRENA) to cooperate on a...
Science

ADNOC inks pact with SeaOwl to design unmanned vessels

ABU DHABI, UAE - ADNOC Logistics & Services (ADNOC L&S) announced on Thursday it has signed an agreement with SeaOwl...
Business

Aramco’s plans to produce blue hydrogen ‘remain unchanged’

Dhahran, Saudi Arabia -- The Saudi Arabian Oil Company (Saudi Aramco) denied reports that its plans for blue hydrogen were...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Jordan, Iraq renew crude supply deal

Baghdad, Iraq - Jordan and Iraq have signed a deal to resume the export of Iraqi crude to Jordan under...
  • The agreement was signed by the Energy and Mineral Resources Minister of Jordan, Saleh Al Kharabsheh, and the Oil Minister of Iraq, Hayan Abdul Ghani
  • As per the deal, Jordan will begin importing 10,000 barrels of crude per day for a year, starting from June. and this will cover around 7% of Jordan's daily oil needs
Geostrategy

Iran seeks trade boost with Syria during Raisi’s visit to Damascus

Iran's president hailed his visit to Damascus as a "turning point", after Tehran's support helped Syria retake most of the...
  • Raisi said Iran and Syria had signed 15 "cooperation documents" which would allow "both countries to open a new chapter in economic relations".
  • Raisi and Assad signed a deal on "long-term strategic cooperation", covering fields including oil, aviation, railways and agriculture.
Business

DEWA customers can make payments via Samsung Pay

DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) has added Samsung Pay to its many options for customers to...