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.

Scientists in UK create new fusion record

LONDON, UK - Scientists in Britain announced on Thursday they had smashed a record for generating fusion energy in the final...

Science

Parisians vote in anti-SUV parking and pollution referendum

Paris, France -- Parisians were voting on Sunday in a referendum on tripling parking costs for hefty SUV-style cars, a campaign...

Geostrategy
Business

TotalEnergies posts Q3 net profit of US$6.6bn

Firm said surging oil, gas prices helped it post massive profits.
  • Net profits at TotalEnergies soared 43 percent from the same period last year with record performances for its natural gas and liquefied natural gas activities.
  • The firm has now earned $17.3 billion over the first nine months of the year, more than the $16 billion in profits it posted last year.
Geostrategy

Climate pledges short of limiting temperature rise to 1.5C: UN Official

Paris, France - International climate pledges remain far off track to limit rising temperatures to 1.5 degrees Celsius, according to a...
  • The combined climate pledges of more than 190 nations that signed up to the 2015 Paris climate deal put Earth on track to warm by around 2.5C.
  • With the planet already battered by climate-enhanced heatwaves, storms and floods after just 1.2C of warming, experts say world is still failing to act.
Geostrategy

Gas production starts at Karish field day before expected Israel-Lebanon deal

Jerusalem---Gas production has started at Karish, an offshore field at the centre of a maritime border deal between Israel and...
  • The announcement comes a day before Lebanon and Israel are expected to sign their maritime deal, following lengthy negotiations mediated by Washington.
  • Energy assets were fiercely contested in the talks, with Israel ultimately securing full rights over Karish as part of the accord.
Geostrategy

Aramco chief at FII6: World needs realistic, optimal energy transition plan

"The current transition plan isn't working. We are still dependent on coal. We need to have a new consensus on...
  • Lord Adair Turner, chair of the Energy Transitions Commission, said Europe was burning more coal this year as it is shot of gas, but transition towards renewables is ongoing.
  • Saudi Finance Minister Mohammed Al Jadaan said there is more thinking about renewable energy and a realization that the transition to renewables is not going to take place soon.
Business

Al Seer Marine buys large crude carriers

The firm's total VLCC fleet value is now $245 million.
  • VLCC Acrux (previously Elandra Everest) is the name of the third VLCC vessel Al Seer Marine has taken delivery of in October 2022.
  • In addition to the three VLCCs, Al Seer Marine recently acquired two liquefied petroleum gas (LPG) tankers valued at US$70 million.
Market Report

Most markets up but China fear casts shadow

Most markets rose on hopes the Federal Reserve would soon slow its pace of interest rate hikes, though the mood...
  • Tokyo, Sydney, Seoul and Taipei led gains after a strong performance in New York.
  • The rise was sparked by a report the Fed could begin to take its foot off the pedal in its rate hike campaign.
Geostrategy

Sanctioned Iran general tells EU to ‘buy coal’ with assets

The EU's 27 member states have been squabbling for months over measures to lower energy bills as winter nears.
  • Ukraine war has pushed energy prices skywards, with Russia withholding gas deliveries to most of Europe in reaction to Western sanctions
  • Bagheri called the imposition of EU sanctions a "mistake" similar to those the United States made when it sanctioned him in 2019
Economy

Moroccans protest against cost of living crisis

The protest was organized by the country's main trade union, the UNTM, which is close to the Justice and Development...
  • The rally, outside parliament and witnessed by AFP journalists, came after several protests already this week in Rabat and other Moroccan cities
  • Consumer price inflation was 8.3 percent year-on-year in September, due in large part to surging food prices, which were up 14.7 percent
Economy

Saudi Crown Prince launches program to make KSA investment hub

Saudi Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs Prince Mohammed bin Salman bin...
  • GSCRI will help enable investors to benefit from the Kingdom's resources, capabilities and support and develop these value chains.
  • It will also build successful investments, which will give greater flexibility to economies, businesses and consumers around the world.
Geostrategy

Jordan to host 2022 OSCE Mediterranean Conference

AMMAN, JORDAN - Jordan will Monday host the 2022 Organization for Security and Co-operation in Europe (OSCE) Mediterranean Conference, organized...
  • The two-day meeting in the Dead Sea region will bring together representatives from 57 OSCE countries and six Mediterranean countries.
  • These countries will discuss advancing security and cooperation in the region through dialogue with the OSCE Mediterranean Partners for Cooperation.

Scientists in UK create new fusion record

LONDON, UK - Scientists in Britain announced on Thursday they had smashed a record for generating fusion energy in the final...
Science

Company News

Latest News

Farmers turn to solar power in Syria’s former breadbasket

Al-Haddadiya, Syria - At his farm in Syria's northeast, Abdullah al-Mohammed adjusts a large solar panel, one of hundreds that have...
Business

Geopolitical changes derailed shift towards green energy, says IMF

Washington, US - Growing geopolitical fragmentation since the invasion of Ukraine has hit commodity markets, threatening to slow the transition to...
Business

ADNOC, Fertiglobe to pilot cost-effective modular carbon capture technology

ABU DHABI, UAE – ADNOC and Fertiglobe on Tuesday announced the pilot deployment of the world’s first cost-effective modular CycloneCC...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

Oil industry is an integral part of climate solutions, says COP28 head

President of the upcoming COP28 climate talks Sultan Al Jaber, also the head of UAE state-owned oil firm ADNOC, told...
  • The president of the upcoming COP28 urged oil industry leaders to curb emissions associated with energy production.
  • He also encouraged them to embrace "low carbon solutions" like carbon capture and storage,
Business

DEWA commissions 200MW second unit in Al Maktoum Solar Park

Dubai, UAE - Dubai Electricity and Water Authority (DEWA) commissioned the 200MW second unit of the parabolic basin complex in...
  • It is set to provide clean energy for approximately 320,000 residences and reduce carbon emissions by 1.6 million tons annually.
  • This phase uses the Independent Power Producer (IPP) model with investments of up to AED 15.78 billion ($4.30bn).
Economy

ADIPEC 2023: Energy world to ponder energy transition

Abu Dhabi, UAE - Abu Dhabi International Progressive Energy Congress (ADIPEC) 2023 begins today here to deliberate decarbonization of the...
  • ADIPEC 2023 is expected to attract more than 160,000+ attendees from 164 countries for its biggest edition ever
  • The Congress will feature a rich exhibition programme that covers energy-related technology, innovation, collaboration, and digitalization