INSEAD Day 4 - 728x90

Energy

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

Dubai approves rise in energy, water efficiency programs

DUBAI, UAE – Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 81st...

Geostrategy

Brighter US economic outlook fuels global oil demand growth forecast

Rising fuel needs of ships rerouted away from the Red Sea also to increase demand, the International Energy Agency said....

Geostrategy
Economy

Iran working on key pipeline to supply gas to Oman

Reza Noshadi, who heads the National Iranian Gas Company’s engineering subsidiary, said that Iran will be able to export gas...
  • In June last year, Oman and Iran signed deals to develop two gas pipelines and an oil field along their maritime border
  • Oman has close ties with Iran and played a mediating role between Tehran and Washington in the build-up to the nuclear deal in 2015
Business

Iraq, Kurdish region sign accord to resume oil export

The deal, thrashed out in talks between federal and regional officials, spells the end of independent oil exports by the...
  • The agreement was signed in Baghdad in the presence of Prime Minister Mohamed Shia al-Sudani and Kurdish premier Masrour Barzani.
  • The deal comes two days after Iraq, Saudi Arabia and several other major oil exporters announced a sharp reduction in their production from May.
Science

WMO urges more investment in integrated weather, climate services

GENEVA, SWITZERLAND - The global transition to renewable energy will require greater investment in integrated weather and climate services, the...
  • This investment is critical to ensure that energy infrastructure is resilient to climate-related shocks.
  • WMO is stepping up its activities to promote tailored weather and climate information, and forecasts.
Geostrategy

Oil cuts in interest of energy markets, says Russia

The Kremlin said oil output cuts by Russia, Saudi Arabia and other major producers that have caused prices to soar...
  • Saudi Arabia and other major oil producers announced Sunday a production cut of more than one million barrels per day.
  • Russia said it would extend until the end of the year its own voluntary production cut of 500,000 barrels per day.
Economy

Major oil powers slash production ahead of OPEC+ meet

Cuts by the Saudis, Iraq, UAE, Kuwait, Algeria and Oman from May to the end of the year will total...
  • Russia, a member of OPEC+, said it was also extending its cuts of 500,000 bpd to the end of this year, calling it "a responsible and preventive action".
  • The cuts were announced despite calls from the US to raise production as consumption rises and as China, the world's biggest oil consumer, reopens after its Covid shutdown.
Economy

EU bloc records highest ever trade deficit in 2022

BRUSSELS, BELGIUM  - The EU trade in goods registered a large deficit of US$469 billion (€432 billion) in 2022, reaching...
  • The deficit was due, in particular, to a steep rise in the value of energy imports, which started towards the end of 2021 and continued through most of 2022.
  • Also in 2022, non-EU imports (+41 percent) and exports (+18 percent) reached their highest year-on-year growth rates recorded over the last 10 years.
Economy

Dutch refinery looks to boost production of sustainable aviation fuel

Sustainable aviation fuels are being made from different sources such as municipal waste, leftovers from the agricultural and forestry industry,...
  • EU plans to impose the use of a minimum amount of sustainable aviation fuel by airlines, rising from two percent in 2025 to six percent in 2030 and at least 63 percent in 2050
  • Neste's Lehmus said there was a great need to mature the technologies to make sustainable aviation fuel from diverse sources such as algae, nitrocellulose and synthetic fuels
Business

Iraq inaugurates oil refinery in Karbala to curtail imports

The minister said the refinery, built by South Korean firm Hyundai, can produce nine million liters of fuel a day...
  • Oil minister said that after the inauguration by the Iraqi Prime Minister, the refinery has started commercial production.
  • The refinery can produce up to 140,000 barrels every day, and help in reduction of overseas oil import.
Business

DEWA, Siemens discusses enhancing cooperation

DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority Saeed Mohammed Al Tayer discussed the latest advancements...
  • DEWA and Siemens discussed the role of smart grids in improving the efficient and sustainable distribution of energy.
  • They also discussed ways to enhance collaboration between DEWA and Siemens in the area of smart grid technology.
Business

UK warns against protectionism after US green energy subsidy

London, United Kingdom - Britain on Thursday warned against the threat of protectionism as it slammed the United States for leading...
  • UK Finance Minister Jeremy Snape said the threat of protectionism is making a comeback in the world in the form of subsidy.
  • US President Biden has launched $370bn initiative of subsidies for green energy and tax cuts for US manufactured e-cars, batteries.

Dubai approves rise in energy, water efficiency programs

DUBAI, UAE – Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 81st...
Geostrategy

Company News

Latest News

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

MENA region can create 10m jobs by 2050 via climate action, says ILO

DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...
COP28 UAE

COP28 unveils oil and gas ‘Decarbonisation Charter’ to speed up climate action

Dubai, UAE--The COP28 Presidency Saudi Arabia have launched a landmark Oil and Gas Decarbonisation Charter (OGDC), a global industry charter...
COP28 UAE
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

UAE President attends Group of 77 and China meeting at COP28

DUBAI, UAE – At the UN Climate Change Conference (COP28) here, UAE President Sheikh Mohamed bin Zayed Al Nahyan attended...
  • The UAE President expressed the country's commitment to enhancing global cooperation to achieve the ambitious goals set for COP28.
  • These include accelerating the shift to a sustainable, low-carbon and economically robust model to deal with climate change.
COP28 UAE

Over 20 nations call for tripling of nuclear energy

The other countries that signed up to the declaration include Britain, Bulgaria, Canada, the Czech Republic, Finland,  France, Hungary, South Korea,  Moldova, Mongolia, Morocco, the Netherlands, Poland, Romania, ...
  • A declaration endorsed by nations ranging from the US to Ghana to Japan and several EU countries said nuclear energy plays a "key role" in reaching the goal of carbon neutrality
  • The use of nuclear energy as a cleaner alternative to fossil fuels is controversial as environmental groups are concerned about safety and the disposal of nuclear waste
COP28 UAE

134 nations to put food, agriculture in national climate plans

"This declaration is the moment when food truly comes of age in the climate process, sending a powerful signal to...
  • A total of 134 countries who produce 70 percent of the food eaten worldwide signed the declaration, summit hosts the United Arab Emirates said
  • The 134 nations are home to 5.7 billion people and represent more than three quarters of all greenhouse gas emissions from the global food system