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.

Qatar to ramp up gas output with new mega field expansion

At the start of this month, Qatar said it would supply 7.5 million tonnes of LNG per year for 20 years...

Economy

WEF24: Pragmatic actions to help in carbon neutrality

Technology investment and corporate partnerships can play a crucial role in driving significant emission reduction, Hans Kobler of Energy Impact...

Interview
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.
Economy

Abu Dhabi to host Green Hydrogen Summit in year of climate action for UAE

The summit is being held in partnership with the Hydrogen Council, Atlantic Council, International Renewable Energy Agency and Dii Desert...
  • The summit is being held in partnership with the Hydrogen Council, Atlantic Council, International Renewable Energy Agency and Dii Desert Energy
  • The summit will feature high-level discussions on the UAE hydrogen economy, the role of government and regulation, and panel sessions on sustainable finance
Business

Sustainability key for next-gen data center models

At present, the data center industry as a whole uses approximately 150 billion kilowatt-hours of electricity annually, which is about...
  • At present, the data center industry as a whole uses approximately 150 billion kilowatt-hours of electricity annually, which is about 3 percent of the world’s electricity usage
  • Data centers must operate as efficiently and sustainably as possible to eliminate any potential harm to the environment.
Business

Ducab partners with Vestas

Ducab's supplying medium voltage and earthing cable.
  • Ducab Group is one of the UAE’s largest industrial manufacturing businesses.
  • The move reinforces the strong industrial partnership between the UAE and Egypt.
Economy

Gas prices fall to lowest level in Europe since Ukraine war

EU nations have adopted a mechanism to cap natural gas prices, but analysts say it will likely have only a...
  • Gas prices have been falling since August, hitting 73 euros on Monday -- 50 percent down from a month ago and the lowest level since before the war on February 21
  • European nations filled up their gas storage facilities and launched campaigns to encourage consumers to save on energy during the winter
Arts & Culture

DEWA encourages active lifestyle by organizing sporting events

DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) organized 12 sports tournaments in 2022, with the participation of 2,437...
  • DEWA sponsored and hosted three sports tournaments, and participated in several local sports events.
  • DEWA’s Sports Committee organized the DEWA Bowling Tournament 2022 and 120 employees participated in the event.
Business

Dubai Courts, Moro Hub ink pact to enhance cooperation in cyber security

DUBAI, UAE  -  Dubai Courts signed a Memorandum of Understanding with Moro Hub, a subsidiary of Digital DEWA, the digital...
  • Leveraging on Moro’s capabilities, the MoU will serve the society’s interest in providing a comprehensive legal framework to combat cybercrimes.
  • The MoU will help in exchange of knowledge and leverage on expertise as per Dubai Courts mission of achieving precise and swift justice.

Surging UK energy bills spark tensions among tenants

In Britain, the average domestic energy bill has roughly doubled over the last 12 months. That has helped push inflation...
  • Household electricity and gas bills have rocketed across Europe this year, after key energy producer Russia invaded Ukraine in February
  • Simon Francis, campaigner at pressure group End Fuel Poverty expressed concern that some tenants - whose rent includes energy bills - might not benefit from state assistance
Business

DEWA’s new project cuts 44,000 tons of carbon emissions annually

The TESTIAC project was implemented to increase the electricity generation capacity of gas turbines during high ambient temperatures in summer...
  • This project is the first of its kind internationally combining Thermal Energy Storage with Inlet Air Chilling in Frame 9F Gas Turbines.
  • This reduces the consumption of natural gas in the electricity production process, which limits greenhouse gas emissions.

Qatar to ramp up gas output with new mega field expansion

At the start of this month, Qatar said it would supply 7.5 million tonnes of LNG per year for 20 years...
Economy

Company News

Latest News

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

AI to contribute in enhancing low-emissions development

BONN, GERMANY - Artificial intelligence (AI) can make substantial contributions to climate-resilient and low-emissions development. UN Climate Change’s Initiative on...
Science
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

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.

Shell reports rise in profits

The company announces a buyback of shares worth $3.5bn.
  • "Shell delivered another quarter of strong operational and financial performance," chief executive Wael Sawan said
  • Over the first nine months of 2023 Shell's profit was down sharply, reflecting lower oil prices year-on-year