Abu Dhabi’s EWEC opens Q4 2023 Clean Energy Certificates auction
ABU DHABI, UAE - Emirates Water and Electricity Company (EWEC) on Monday announced that it will conduct its Q4 2023...
Business
Rising temperatures worry MENA region
The Middle East and North Africa (MENA) region faces severe climate change challenges, including water scarcity and extreme temperatures, with...
Economy
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...
Dubai gears up for World Green Economy Summit in October
It will be held on October 6 and 7 this year at the Expo 2020 Dubai This WGES is...
Total rebrands as TotalEnergies, adopts new visual identity
TotalEnergies is a broad energy company that produces and markets energies on a global scale The new name and new...
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Abu Dhabi’s EWEC opens Q4 2023 Clean Energy Certificates auction
ABU DHABI, UAE - Emirates Water and Electricity Company (EWEC) on Monday announced that it will conduct its Q4 2023...
Business
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Equities boosted by China news before rate calls
Market Report
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
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...
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...
Economy
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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.
Business
Rosneft 2022 profit at $10.5bn
Firm said non-monetary factors played a role in earnings.
- Western powers have imposed sanctions against Russia due to the Ukraine war.
- Rosneft said that the profit level forms a solid basis for paying dividends.
Science
‘Rich nations must achieve net zero carbon by 2040’
UN Secretary General Antonio Guterres called on wealthy countries to move up their goals of achieving carbon neutrality as close...
- Most rich countries have set their goal at 2050 but some are more ambitious, like Finland (2035), or Germany and Sweden (2045).
- Leaders in emerging economies must commit to reaching net zero as close as possible to 2050, he said without naming any specific nation.