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.

OPEC+ panel reaffirms cartel’s current output reduction strategy

In an effort to shore up prices, the OPEC+ oil alliance of 23 nations has implemented supply cuts of more...

Business

KACST, ACWA Power sign pact

The aim is to develop technologies for clean energy.

Business
Geostrategy

Turkey, Libya sign maritime hydrocarbons agreement

Turkey's foreign minister signed a deal in Libya's capital Monday allowing for oil and gas exploration in 'Libyan waters'.
  • The deal follows an agreement Turkey signed with authorities in Tripoli in 2019, which demarcated the countries' shared maritime borders.
  • The deal came at the height of a year-long battle between rival governments vying for control of the capital.
Geostrategy

UAE takes part in G20 Finance Track in Indonesia

UAE's Ministry of Finance (MoF) participated in the third Framework Working Group (FWG) meeting within the G20 Finance Track for...
  • The meeting was held in Indonesia and sought to discuss key global economic issues.
  • G20 members, invited non-G20 member countries, representatives of the World Bank, IMF, and OECD also attended the meeting.
Economy

Fed up of perennial power cuts, Gaza turns to solar

For most of Gaza's 2.3 million residents, living under a 15-year-old Israeli blockade, power cuts are a daily fact of...
  • Gaza bakery owner Bishara Shehadeh began the switch to solar this summer, by placing hundreds of gleaming panels on his rooftop
  • Green energy advocates say that solar energy is a vision for a global future as the world faces the perils of climate change and rising energy costs
Business

Crude prices surge as top producers plan to slash output

The jump comes after both main contracts suffered hefty losses in recent months on demand fears caused by an expected...
  • WTI climbed 3.3 percent to $82.12 and Brent also piled on 3.3 percent to $87.94 ahead of a meeting of the group this week in Vienna
  • The reduction in production -- which delegates to OPEC said had not been finalized -- would be the biggest since the pandemic began when crude prices collapsed
Geostrategy

‘Nord Stream 2 pipeline has stopped leaking gas’

The Nord Stream 2 pipeline is no longer leaking under the Baltic Sea because an equilibrium has been reached between...
  • While the pipelines are not currently in operation, they both still contained gas before they fell victim to apparent sabotage, producing four leaks.
  • All the leaks are in the Baltic Sea off the Danish island of Bornholm.
Geostrategy

Russia suspends gas supply to Italy due to transport issues

SOFIA, BULGARIA - Russia's Gazprom has suspended gas deliveries to Italy's Eni, blaming a transport problem in Austria, the Italian...
  • Most of Russian gas delivered to Italy passes via Ukraine through Trans Austria Gas Pipeline (TAG), to Tarvisio in northern Italy
  • Before the war in Ukraine, Italy imported 95 percent of the gas it consumes -- about 45 percent of which came from Russia.
Geostrategy

Lebanon receives US ‘offer’ over Israel maritime border

Lebanon said it received a letter from US envoy Amos Hochstein containing an "offer" on a maritime border deal with...
  • PM Najib Mikati met with US ambassador to Lebanon Dorothy Shea "who delivered a written offer from the US mediator"
  • The US-mediated negotiations restarted in early June after Israel moved a production vessel near the Karish offshore field
Economy

Jordan government reduces fuel prices for October

The price of 90-octane gasoline and 95-octane gasoline will decrease by 60 fils in October.
  • The price of 90-octane gasoline and 95-octane gasoline will decrease by 60 fils in October
  • The price of one litre of diesel and kerosene will sell at JD0.825 in October, instead of JD0.790
Science

Two-day inaugural RAK Energy Summit to begin on Oct 4

The inaugural RAK Energy Summit, to be held on October 4-5, will feature experts from the energy sector in the...
  • The summit will feature experts from the energy sector in the UAE and globally.
  • The experts will discuss the challenges the world faces as it moves to cut carbon emissions.
Business

Large turnout of visitors at WETEX, Dubai Solar Show

The Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show (DSS) saw a large turnout of visitors in...
  • A total of 1,750 companies from 55 countries worldwide participated in the exhibition.
  • Latest global solutions, technologies, innovations in energy, water, sustainability, renewable and clean energy were highlighted in the event.

OPEC+ panel reaffirms cartel’s current output reduction strategy

In an effort to shore up prices, the OPEC+ oil alliance of 23 nations has implemented supply cuts of more...
Business

Company News

Latest News

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...
Business

TotalEnergies, Adani Group set up JV for wind, solar power production in India

PARIS, FRANCE - French firm TotalEnergies and Indian group Adani unveiled plans on Wednesday to create a joint venture to develop wind...
Business

Aramco, IHC among biggest companies in Middle East

Energy, banking and financial services, and industrial sector companies are among the largest in the Middle East, especially the Gulf...
Infographics
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

California sues oil giants, alleges environment, climate-risks deception

The US state of California sued five of the world's largest oil companies, alleging the firms caused billions of dollars...
  • The suit follows numerous other cases brought by US cities, counties and states against fossil fuel interests over the impact of climate change.
  • The suit seeks the creation of an abatement fund to pay for future damages caused by climate disasters in California.
Business

Oil prices at a crossroads as production cuts persist

Oil stocks drop as Saudi Arabia and Russia extend a 1.3 million barrel per day oil supply reduction, leading to...
  • Oil stocks drop as Saudi Arabia and Russia extend a 1.3 million barrel per day oil supply reduction, leading to an anticipated market deficit until 2023-end, says a report
  • Refineries grapple with material changes and disruptions as Russia's diesel export reduction boosts futures prices and OPEC+ cuts drive high oil prices during Q3 of 2023
Business

Turkey-China nuclear power plant deal possible soon: Minister

Dubai, UAE -- The talks between Turkey and China to build a nuclear power plant in eastern Thrace are progressing and...
  • Senior officials from the Chinese government visited eastern Thrace and saw the sites where the construction is planned, Middle East Eye reported.
  • Russia is already building a power plant in Akkuyu that will become partly operational next year.