INSEAD Day 4 - 728x90

Energy

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

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.

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

Schneider Electric, Charge&Go ink pact

The aim is to develop EV charging facility in the UAE.

Business
Geostrategy

French PM leads delegation to Algeria as ties improve

French Prime Minister Elisabeth Borne starts a visit to Algeria with a top-level delegation, pushing for better ties with the...
  • Ties between the North African country and France had seen months of tensions after Macron last year questioned Algeria's existence as a nation before the French occupation.
  • The French PM is expected to sign deals on economic cooperation, including energy.
Economy

War and energy crisis push US LNG industry to expand

US suppliers have exported 1,574 billion cubic feet (44.6 billion cubic meters) of LNG to Europe so far in 2022,...
  • US has become the world's largest exporter of LNG, an industry centered around the energy-rich Gulf of Mexico, with its infrastructure and strategic location
  • In June, an explosion caused the temporary closure of the Freeport LNG terminal further south, reminding residents of the immediate risks posed by the plants
Science

DEWA invites proposals for work on sixth phase of solar park

Dubai Electricity and Water Authority (DEWA) has invited international developers to send their Expressions of Interest (EOI) to implement the...
  • The 900 MW sixth phase of the Solar Park will be implemented using photovoltaic solar panels.
  • The production capacity of clean energy has reached about 12.1 percent of Dubai’s total energy mix.
Economy

‘Unit 3 of Barakah Plant linked to UAE’s transmission grid’

The Emirates Nuclear Energy Corporation (ENEC) announced that Unit 3 of the Barakah Nuclear Energy Plant has successfully been connected...
  • Unit 3 will add another 1,400 megawatts of zero-carbon emission electricity capacity to the national grid.
  • The nuclear sector is a vital part of the UAE’s clean energy system of multiple low-carbon technologies.
Geostrategy

Britain says no energy crisis as people brace for blackouts

Britain, however, relies on gas to create a large proportion of electricity and is therefore particularly exposed to the soaring...
  • Households face possible rolling three-hour power cuts if imports run extremely low, the nation's power operator National Grid warned
  • A blackout would be more drastic than EU plans for an energy-saving initiative this year to help its member nations survive winter season
Geostrategy

UAE to showcase its nuclear energy success in WANO meeting

The Barakah Plant is spearheading the decarbonization of the UAE’s power sector by generating clean electricity and forms key component...
  • The meeting is scheduled to be held in Prague, Czech Republic under the theme “One WANO – A Global Commitment to Nuclear Excellence,”
  • Due to the Barakah Nuclear Energy Plant, a major strategic energy infrastructure project, the UAE is recognized as a global nuclear energy leader.
Market Report

Stocks fall, dollar boosted by US jobs data

Stocks mostly slid and the dollar surged after US jobs data showed only a timid slowdown in the labor market,...
  • There was a brief rebound at the start of the week as investors hoped data pointing to economic slowdown would allow the Fed to slow down rate hikes.
  • Rising interest rates boost the dollar as foreign investors seek to buy dollar-denominated debt.
Geostrategy

EU leaders try for common response to energy crisis

EU leaders meeting in Prague looked to bridge divisions on how to tackle soaring energy prices as they grapple with...
  • EU leaders were discussing how to better protect their critical infrastructure in the wake of leaks from the Russia-Europe Nord Stream gas pipelines.
  • Europe is facing an energy crunch as the price of electricity generation skyrockets because of a massive surge in gas prices.

Algerian, Spanish gas firms agree to ‘revise’ prices

The Algerian firm said in a statement that Sonatrach and its partner Naturgy have agreed to revise the prices of...
  • Algeria, Africa's top natural gas exporter, has signed a flurry of deals with southern European governments and energy firms seeking to offset the Ukraine war fallout
  • Spanish gas regulator Enagas says Algeria was the country's second gas supplier (24 percent) in August, behind the United States (26.5 percent)
Geostrategy

Libyan Prime Minister defends oil, gas exploration deal with Turkey

The question of rights to Libya's vast hydrocarbon resources has become more urgent this year as global energy prices have...
  • "The Turkish-Libyan MoU is based on previous deals even prior to 2011," Libyan prime minister Abdulhamid Dbeibah said.
  • The memorandum of understanding, three years after a controversial maritime border deal, sparked sharp reaction from Greece.

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

Company News

Latest News

Rising demand for critical metals pose dilemmas for investors

PARIS, FRANCE - Soaring demand for the raw materials needed for the transition towards renewable energy is creating dilemmas for investors...
Business

‘Saudi Arabia committed to peaceful nuclear energy’

"The Kingdom underscores the need for collective international efforts to enforce the provisions of the Non-Proliferation Treaty and ensure its...
Economy

European Union okays lighter pact on curbing car emissions

Brussels, Belgium - EU member countries on Monday adopted a watered-down deal on curbing car emissions, after auto manufacturers complained stricter...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

Iran criticizes US statement on islands dispute with UAE

Iran said it had called in the Swiss envoy to deliver a protest over a “provocative” US statement on its...
  • The islands of Abu Musa and Greater and Lesser Tunb lie near the Strait of Hormuz.
  • Iran gained control of the islands under the rule of the Western-backed shah in 1971.

China to control half the world’s hydrogen electrolyser capacity

China's installed electrolyzer capacity has jumped significantly in recent years, and is expected to reach 1.2 gigawatts –- 50 percent...
  • China's installed electrolyzer capacity has jumped in recent years and is expected to reach 1.2 gigawatts after having accounted for just 10 percent of the global capacity in 2020
  • Electrolyzers are devices used for the industrial separation of hydrogen and oxygen within water molecules, using electricity obtained through renewable energy sources
Business

UK to revoke plan to attain net zero emissions by 2050

LONDON, UK- The UK looked set to backtrack on Wednesday on policies aimed at achieving net zero emissions by 2050 with...
  • The move comes amid growing concern over the potential financial cost of the government's policies to achieve net zero carbon emissions by mid-century.
  • Prime Minister Sunak said while the government was committed to the net zero target, it would try to achieve it "in a better, more proportionate way".