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.

Middle East leads way in global methane mitigation

The Middle East is emerging as an important region in the battle against methane emissions, crucial for curbing global warming....

Economy

GAS, SPPC ink two contracts

The duration of each contract is of 22 months.

Business
Economy

European Union deal to nearly double renewable energy by 2030

The provisional political agreement, which was reached after nightlong negotiations between the EU parliament and states, seeks to raise the...
  • The move also comes as the EU has sought to slash its dependence on Russian fossil fuels after Moscow cut gas supplies last year.
  • The figure is a compromise between the 45 percent share for renewables that was sought by EU lawmakers and the European Commission.
Business

Aramco seeks to become China’s all-inclusive energy, chemicals source

Beijing, China - Saudi Arabia's Aramco said it wants to be an all-inclusive source of energy and chemicals for China’s...
  • Aramco CEO said the company is supplying new lower carbon products, chemicals and advanced materials, all supported by emissions reduction technologies.
  • "In particular, we see a major win-win opportunity to build a world-leading, integrated downstream sector in China," he said.
Business

DEWA, UAE energy ministry discuss cooperation for clean energy goals

DUBAI, UAE -  MD & CEO of the Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer discussed consolidating...
  • DEWA’s current capacity has reached 490 Million Imperial Gallons per Day of desalinated water.
  • DEWA is also working to increase the capacity of the transmission and distribution networks.
Science

UAE urges investment, action for water sustainability at UN meet

DUBAI, UAE – UAE Minister of Climate Change and Environment Mariam bint Mohammed Almheiri emphasized the importance of collaboration, data...
  • The UAE is on track to reduce total water consumption of its food sector by over 15 percent despite doubling production by 2030.
  • The UAE’s national plan - the Water Security Strategy 2036 - ensures that programs are implemented on the supply and demand side.
Market Report

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.
  • The primary index of the Abu Dhabi Securities Exchange fell by 0.5 percent, while the Dubai market's main index dropped by 0.9 percent.
  • In Dubai, losses in the industrial and financial services sectors led to a 0.5 percent drop in the main index on Monday.
Geostrategy

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...
  • The UAE delegation highlighted emerging uncertainties in the finance sector.
  • The delegation discussed effective ways to promote global financial stability.
Science

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...
  • A landmark deal to prohibit new sales of fossil fuel cars from 2035 is key to the bloc's ambitious plan to become a "climate-neutral" economy by 2050.
  • Germany demanded that the EU provide assurances the law would allow the sales of new cars with combustion engines that run on synthetic fuels.
Geostrategy

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...
  • Russian energy giant Gazprom holds a majority stake in the twin pipelines, with the rest owned by German, Dutch and French companies.
  • The Danish energy agency released a photo of the cylindrical object standing near the Nord Stream 2 pipeline at the bottom of the sea.
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

Middle East leads way in global methane mitigation

The Middle East is emerging as an important region in the battle against methane emissions, crucial for curbing global warming....
Economy

Company News

Latest News

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, ...
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...
COP28 UAE

UAE President announces $30bn Global Climate Fund at COP28 meet

In a groundbreaking announcement at the World Climate Action Summit during the UN Climate Change Conference (COP28), UAE President Sheikh...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Brazil to become OPEC+ member in 2024, says group

Vienna, Austria - Major producer Brazil will join OPEC+ from next year, the oil cartel announced on Thursday. Brazil is among...
  • Brazil's crude production hit a record 3.7 million barrels per day in September, a near 17 percent increase from the same month last year
  • OPEC+ was born in late 2016 when Russia and nine others joined forces with the Saudi-led OPEC to prop up falling prices
Science

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...
  • Before production was interrupted at 1:35 pm (1135 GMT), Olkiluoto 3 was undergoing a fault ride-through test where a short circuit is created near the power plant
  • The reactor only resumed production last Wednesday following a shutdown due to a malfunctioning temperature measurement in the generator's cooling system
Business

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...
  • The first CO2 injection is expected during COP28, and where the debate over hydrocarbons will be a key battle between campaigners and the oil lobby.
  • Oil producers are throwing their weight behind carbon capture and storage (CCS) technology as a global warming solution despite criticism from climate experts.