Europe’s largest nuclear reactor malfunctions again
Helsinki, Finland - Finland's Olkiluoto 3, the largest nuclear reactor in Europe, stopped production on Wednesday after a test caused the plant unit...
Science
Every industry should be held accountable on climate, says COP28 president
Paris, France - The president of a pivotal UN climate summit defended on Saturday the large presence of industry representatives at...
Geostrategy
UAE: Empower saves electricity worth $930 million in 2020
Empower is one of the key partners for UN Environment’s District Energy in Cities initiative and an active member of...
Dubai’s electricity capacity up tenfold since ’90s
Increased capacity attributed to state-of-the-art infrastructure, innovation and planning Â
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...
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Europe’s largest nuclear reactor malfunctions again
Helsinki, Finland - Finland's Olkiluoto 3, the largest nuclear reactor in Europe, stopped production on Wednesday after a test caused the plant unit...
Science
Company News
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Saudi Arabia’s TASI ends the week higher while UAE markets fall
Several factors contributed to the fall in UAE markets, including a decline in oil prices, worries about multinational banks' health.
Market Report
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
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Economy
Eco-friendly goods buck global downward trade slide: UNCTAD
Trade in such goods grew by around four percent in the second half of 2022, with their combined value hitting...
- Global trade surged to a record $32 trillion in 2022 before reversing course in the second half of the year amid deteriorating economic conditions and swelling uncertainties.
- UNCTAD said it expected green industries to boom further as countries scale up their efforts to cut emissions and battle global warming.
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