Roadmap out for environmental education, sustainable development at WEEC2024
ABU DHABI, UAE - The Abu Dhabi Roadmap, a high-level plan outlining global recommendations to bolster Environmental Education (EE) and...
Several nations eager to join Charter of Cooperation, says OPEC Secretary-General
ABU DHABI, UAE - Secretary-General of the Organization of Petroleum Exporting Countries Haitham Al Ghais said that OPEC is in...
Business
Geostrategy
Jordan Minister calls for MENA-Europe electric connection project
AMMAN, JORDAN - Jordan's Minister of Energy Saleh Kharabsheh stressed on the importance of conducting an electrical interconnection project to...
- Jordan's Minister said electric connection with Europe achieves integration by supplying the continent with relatively low-cost energy.
- He said that Jordan seeks to turn its electric power grid into a smart one.
Geostrategy
Gas price cap divides EU energy ministers’ meeting
BRUSSELS, BELGIUM - EU energy ministers met Thursday to debate measures to mitigate the energy crunch in Europe but were...
- They were to discuss a proposal by the European Commission, unveiled just two days earlier, that would set a cap on gas prices at 275 euros per megawatt hour.
- Many members complained that the plan comes with such conditions attached that it was designed never to be used.
Geostrategy
Iran says starts enriching uranium to 60% at Fordo plant
Under a landmark deal struck in 2015, Iran agreed to mothball the Fordo plant and limit its enrichment of uranium...
- The move was part of Iran's response to the UN nuclear watchdog's adoption last week of a censure motion drafted by Western governments
- An atomic bomb requires uranium enriched to 90 percent, so 60 percent is a significant step towards weapons-grade enrichment
Business
QatarEnergy inks 27-year gas supply deal with China firm
The deal "marks the longest gas supply agreement in the history of the LNG industry", said Saad Sherida Al-Kaabi, Qatar's...
- QatarEnergy will send 4 million tons of liquefied natural gas annually from its new North Field East project to China Petroleum and Chemical Corporation.
- The Chinese company's chairman revealed that it had also requested a full share of the North Field South project that is dominated by Western energy giants.
Geostrategy
Ukraine, Russia trade blame over nuclear plant shelling
Kyiv and Moscow traded accusations of shelling on the territory of the Zaporizhzhia nuclear power plant that Russia controls in...
- The Russian army said missiles exploded around a power line that feeds the plant, the fourth and fifth power units and "special building number 2".
- Renat Karchaa, an advisor to the Russian nuclear agency Rosatom, told state-run agency TASS that the "special building" contained nuclear fuel.
Science
Swiss regret COP27 going soft on top polluters
GENEVA, SWITZERLAND - Switzerland regretted Sunday that the COP27 climate summit outcome does not impose obligations on the highest greenhouse...
- There was disappointment in some quarters over COP27's stand on cutting emissions.
- There were concerns that no resolutions were passed on phasing out coal and reducing subsidies for oil and gas
Geostrategy
‘Most APEC members condemn war in Ukraine’
Asia-Pacific leaders added their voices to international pressure on Russia over its invasion of Ukraine, issuing a summit statement saying...
- The summit communique was agreed by all APEC members, including Russia and China.
- Apart from substituting the name of the organization, the statement was word-for-word the same as a G20 declaration.
Market Report
World stocks rally but oil prices tumble
Global main stock markets rallied as investors fished for bargain shares and shrugged off losses elsewhere, but oil prices fell...
- Asian equities experienced mixed fortunes Friday as cautious investors tried to gauge the outlook for Federal Reserve monetary policy.
- The week has been broadly positive for global equities following softer-than-expected US consumer and wholesale price figures.
Geostrategy
UAE Minister discusses economic ties with Caribbean countries
ABU DHABI, UAE - UAE Minister of Economy Abdullah bin Touq Al Marri visited the Havana International Fair 2022 in...
- The visit was aimed at exploring opportunities for cooperation and establishing new economic partnerships between the UAE and Caribbean region.
- The UAE minister met several ministers from the Caribbean nations to discuss mechanisms to enhance economic and trade cooperation.
Geostrategy
‘Sweden confirms Nord Stream pipeline sabotage’
Swedish officials confirmed the September blasts which destroyed sections of the Nord Stream pipelines carrying natural gas from Russia to...
- Technical analyzes were continuing in order to "draw more reliable conclusions regarding the incident."
- Sweden's Prosecution Authority said that the investigation will show if anyone can be formally suspected of a crime.
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Roadmap out for environmental education, sustainable development at WEEC2024
ABU DHABI, UAE - The Abu Dhabi Roadmap, a high-level plan outlining global recommendations to bolster Environmental Education (EE) and...
Company News
ENEC inks MoU with OSGE
Business
Latest News
Masdar, Africa50 sign MoU
Business
Qatar signs 27-year gas deal with UK’s Shell
Last year Shell inked a deal with QatarEnergy for a 9.4% stake in Qatar's North Field South project, the second...
Business
Emirati investments in Turkey reach $5.6 billion in 2022
ABU DHABI, UAE – Ahmet Burak Daglioglu, Head of the Investment Office of the Turkish Presidency, said that the cumulative...
Business
Markets fall as Biden set for Middle East diplomacy drive
US and European stock markets mostly fell and oil prices rose as US President Joe Biden prepared for a trip...
Market Report
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Business
Red Sea Global builds largest off-grid EV charging network in Saudi Arabia
RIYADH, SAUDI ARABIA - Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, Amaala...
- The network includes more than 150 charging stations spread across phase one of The Red Sea destination area.
- The stations are placed to keep RSG’s initial fleet of 80 electric Lucid and Mercedes vehicles charged and on the road.
Economy
UAE invests $36bn in renewable energy projects in 2022, says ADDED chairman
ABU DHABI, UAE - Chairman of the Abu Dhabi Department of Economic Development (ADDED) Ahmed Jasim Al Zaabi has said...
- The UAE has successfully enticed a staggering US$23 billion in 2022, up 10 percent from 2021, to be ranked 16th globally in FDI attraction.
- UAE is now the world's fourth-largest recipient of greenfield projects, with nearly a thousand ambitious ventures announced last year.
Economy
Collaboration crucial for renewable energy transition
"World peace and security, along with social, economic, and political stability, hinge on two pivotal factors: addressing climate issues and...
- The UAE is actively supporting global efforts to mitigate the effects of climate change at both regional and international levels
- World peace, security and stability hinge on addressing climate issues and investing in clean and renewable energy sources