UAE to pump CO2 into rock as carbon capture debate rages
Fujairah, UAE - High in remote mountains in the oil-rich Emirates, a new plant will soon take atmospheric CO2 and pump...
Business
ADB plans to invest US$100bn to maximize climate impact
MANILA, PHILIPPINES - Setting the scene for a low-carbon and climate-resilient Asia and the Pacific, the Asian Development Bank (ADB)...
Economy
Dubai’s electricity capacity up tenfold since ’90s
Increased capacity attributed to state-of-the-art infrastructure, innovation and planning
Erdogan finds gas in Black Sea
First gas from the find to consumers expected in time for Turkey's centenary celebrations in 2023 Exploration work has resulted...
Oil rises to $72 for the first time in 2 years as demand soars
Also boosting oil this week was a slowdown in talks between the United States and Iran over Tehran’s nuclear program,...
All cabs running in Dubai to be fully electric or hybrid by 2027
Special incentives to be given to cabbies to convert their cabs into either of the two variants
Qatar loses its top position to Australia in the fight to control global LNG market
The United States and Russia are the third and fourth exporters of gas Overall LNG trade increased to 356.1 million...
Iraq’s last gas bottle delivery crooner dreams of stardom
*Mountazar Abbas, the last gas bottle deliveryman, says the trade is tough and badly paid *The tradition of the singing...
Iraq’s oil revenue rises to $6 billion in May
Iraq got a boost from high oil prices as it made some $6 billion in oil revenues. The country...
Dubai records 10% energy demand growth, 10% peak load increase
Demand for energy increased in the first five months of 2021 to 16,467 gigawatt hours, compared to 14,988 GWh...
Abu Dhabi’s largest solar-powered car park completed
It has 7,542 solar panels producing electricity The facility is expected to reduce the emission equivalent of 5,300 tons of...
Bee’ah, Chinook Sciences announce region’s first waste-to-hydrogen project
The project will include a green hydrogen generation plant and a hydrogen vehicle fueling station The fueling station will use...
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UAE to pump CO2 into rock as carbon capture debate rages
Fujairah, UAE - High in remote mountains in the oil-rich Emirates, a new plant will soon take atmospheric CO2 and pump...
Business
Company News
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UAE highlights food, energy insecurity at G20 Finance Track meeting
CHENNAI, INDIA - The UAE spoke on food and energy insecurity and their implications in the second Framework Working Group...
Geostrategy
EU, Germany reach deal on fossil fuel car phaseout
BRUSSELS, BELGIUM - The European Union and Germany on Saturday said they had struck a deal after a dispute over the...
Science
Denmark asks Nord Stream owner to help recover mystery object
COPENHAGEN, DENMARK - Denmark has invited the Russian-controlled operator of the Nord Stream 2 pipeline to help recover a mystery object...
Geostrategy
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Economy
Unity key for ‘transformational progress’ at COP28
“We have a short window of opportunity to deliver a system-wide transformation. But if we make the right investments, we...
- There is a need for accelerated pathways to net zero and critical finance across all pillars, says COP28 President-Designate Dr Sultan bin Ahmed Al Jaber
- He also reminds climate ministers of various countries about the approaching Global Stocktake at COP28 and calls for action to keep 1.5C within reach
Opinion
ESG investment, COP28 drive GCC sustainability bid
As the effects of climate change intensify each year, there is an urgent need to transform multiple industries to meet...
- UAE accelerates its sustainability objectives with laser-focused ESG plans and policies, writes Damian Hitchen, CEO of SAXO Bank MENA
- As the UAE is all set to host COP28, an investment pledge of AED600 billion by 2050 comes with its own set of challenges, he adds
Business
Gas price in Europe slips below US$43 for first time since 2021
LONDON, UK- Europe's natural gas price slid Monday below US$43 for the first time in more than a year and a...
- Monday's low is almost nine times less than the record high struck after key gas producer Russia invaded Ukraine more than one year ago.
- Energy bills remain high for many households and businesses, however, with wholesale costs taking time to filter down to the end consumer.