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.

Price of natural gas in Europe falls to a 3-year low

LONDON, UK – The price of natural gas in Europe fell again on Friday, taking it to its lowest in almost...

Business

Qatar minister urges Gaza ceasefire to end Red Sea insecurity

The Houthis, who control vast swathes of Yemen, have said the attacks, beginning in November, have targeted vessels linked to...

Geostrategy
Geostrategy

Iraq’s Prime Minister heads to Germany for energy talks

BAGHDAD, IRAQ - Iraq's Prime Minister Mohammad Shia al-Sudani left Thursday for Berlin to meet with German Chancellor Olaf Scholz and...
  • Despite its oil riches, Iraq is beset by crumbling infrastructure, endemic corruption and decades of war.
  • Dependent on its powerful neighbor Iran for much of its energy needs, Baghdad seeks to diversify its sources of gas and electricity supply.
Science

Global actions should not derail energy transition, says WEF

GENEVA, SWITZERLAND– The current energy crisis is driving inflation, slowing economic growth, creating social turmoil and the world should not...
  • The WEF report said that steps such as increasing production of electricity from coal or broad-based consumption subsidies, risk derailing energy transition.
  • The report proposes a framework for a secure energy system to guide countries and policy-makers.
Economy

Should fossil fuel firms be forced to clean up carbon pollution?

The study said impelling fossil fuel firms to use technologies to suck carbon from the air and bury it back...
  • Researchers suggest, in the study published Thursday, that the principle of extended producer responsibility should be extended to the oil, gas and coal industries.
  • The study's authors, including scientists and experts said the paper was a response to the energy crisis and potential lessons for the challenge of getting to net zero emissions
Business

Masdar inks deal to produce 1GW of clean energy in Kyrgyzstan

ABU DHABI, UAE - Masdar has announced the signing of an agreement with the Ministry of Energy of Kyrgyz Republic...
  • The projects, with a total capacity of up to 1 gigawatt (GW), start with a 200-megawatt (MW) solar photovoltaic (PV) plant.
  • The 200 MW plant is scheduled to begin operation by 2026.
Economy

Production at Karbala refinery will start in mid-March: Iraq

The refinery production from high-octane gasoline will be a grade of 95, with a capacity ranging from 8 to 9...
  • The refinery production from high-octane gasoline will be a grade of 95, with a capacity ranging from 8 to 9 million litres per day
  • Iraqi oil minister said that the production can be increased to 12 million liters, which will cover a large proportion of up to 75 percent of domestic consumption
Science

DEWA completes 77 percent work in Hatta Water Reservoir

DUBAI, UAE  - DEWA has completed 76.8 percent work on the water reservoir project in Hatta. The project has a...
  • The project is being built at a cost of approximately US$23 million and is expected to be completed in April 2023.
  • The structural foundation works for all facilities and reservoirs are 100 percent complete,
Geostrategy

Jordan imported 3.65m barrels of Iraqi oil from September 2021 to December 2022

AMMAN, JORDAN -  Jordan's total imports of Iraqi oil between September 2021 to December 2022 amounted to 3.65 million barrels,...
  • The Jordanian Minister said that the Kingdom purchases Iraqi crude oil to meet part of its annual oil needs at a rate of 10,000 barrels per day.
  • As per the MoU, the Kingdom provides basin tanks for transporting crude oil from the Kirkuk depot in Iraq to the Jordanian oil refinery in Zarqa.
Business

DEWA wins award at Global Excellence Assembly Awards 2022

DUBAI, UAE  - Dubai Electricity and Water Authority (DEWA) has been awarded  with the Global Excellence Assembly Awards 2022, based...
  • DEWA is the only entity worldwide to win this category in the second round of the award this year.
  • DEWA scored 94 percent in the evaluation conducted by the International Council of Excellence according to the Baldrige model.
Economy

Germany uses more renewable energy, still falls short of CO2 goal

The setback comes despite a record 4.7 percent drop in energy consumption last year, partly in response to soaring fuel...
  • Europe's biggest economy emitted 761 million tons of greenhouse gases last year, just one ton fewer than in 2021 and overshooting the target of 756 million tons.
  • The German government had aimed to reduce carbon dioxide emissions by 40 percent by 2020 compared with 1990 levels, but has yet to achieve the feat.
Economy

Dubai launches business group to promote renewable energy usage

The UAE Government will invest AED600 billion ($163.36bn) in renewable energy by 2050 to meet the country's growing energy demand...
  • Announced in 2017, the UAE Energy Strategy 2050 aims to reduce the carbon footprint on power generation by 70 percent.
  • The UAE has since launched notable initiatives and taken significant steps towards realizing these goals by 2050.

Price of natural gas in Europe falls to a 3-year low

LONDON, UK – The price of natural gas in Europe fell again on Friday, taking it to its lowest in almost...
Business

Company News

Latest News

Saudi urges leniency in climate change policies for low income nations

Riyadh, Saudi Arabia - Saudi Arabia said on Thursday that policies to address climate change should not "crush the bones" of...
Geostrategy

Diversification remains crucial for oil-rich nations

Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in...
Interview

Russia to continue voluntary oil export cuts by 300,000 barrels a day until yearend

Moscow, Russia - Russia will continue additional voluntary oil export cuts by 300,000 barrels a day until the end of...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

QatarEnergy inks second 27-year gas supply deal with China’s Sinopec

DOHA, QATAR - Qatar has agreed to supply Sinopec with natural gas for 27 years, the Gulf emirate's state-owned energy company said...
  • Doha will supply three million tonnes of gas a year to Sinopec under the deal.
  • Asian countries led by China, Japan and South Korea are the main market for Qatar's gas.
Science

Global energy meet discusses way forward to net-zero emissions

VIENNA, AUSTRIA – High-level representatives from the member states of the United Nations Industrial Development Organization (UNIDO), international organizations, experts...
  • The two-day forum showcased innovative technologies and transformative solutions to accelerate low-emission, climate-resilient development.
  • The international event aimed to foster new partnerships to scale up investments and technology transfer to developing countries.
Business

Ducab, Somagec ink MoU

The MoU will enable UAE-based firm to enter Angolan market.
  • Ducab Group already supplies its “Made in the UAE” products to 15 countries in Africa.
  • It is constructing over 400 kilometers of 220kV transmission lines in Angola.