INSEAD Day 4 - 728x90

Energy

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Schneider Electric, Charge&Go ink pact

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

Business

France flooded with applications for electric car leasing scheme

Paris, France - The French government has been flooded with applications from low-income households to lease a subsidized electric car from...

Business
Geostrategy

EU proposes new sanctions on Russian exports

The EU's executive proposed a new round of sanctions on Moscow over its latest "escalation" in Ukraine, including an oil...
  • As part of the new round of sanctions the commission is laying out a 'legal basis' for a price cap on Russian oil
  • It will also look to ban Russian exports worth $7 billion and tighten restrictions on goods flowing from the EU.
Geostrategy

UAE, Japan sign comprehensive strategic partnership pact

Minister of Industry and Advanced Technology and UAE Special Envoy to Japan Dr. Sultan bin Ahmed Al Jaber and the...
  • The UAE-Japan strategic partnership agreement aims to bolster relations between the two countries to advance their common interests.
  • The key areas of the partnership include diplomacy, enhancing international development, humanitarian aid efforts, business, trade, energy.
Economy

EU sees Nord Stream pipeline leaks as ‘deliberate act’

Any deliberate disruption of European energy infrastructure is utterly unacceptable and will be met with a robust and united response,...
  • European Council President Charles Michel tweeted that Nord Stream sabotage acts appear to be an attempt to further destabilize energy supply to EU
  • Sweden and Poland have already said sabotage was the most likely cause of the leaks from the pipelines in the Baltic Sea

Nord Stream 1 gas pipeline hit by leaks in Baltic Sea: authorities

Following the leaks, Jorgensen said the authorities called for "higher levels of preparedness in the electricity and gas sector" in...
  • The Nord Stream 1 leaks were first spotted Monday evening, hour after a drop in pressure was reported in Nord Stream 2, according to the Swedish Maritime Administration
  • As a result of the leaks, navigational warnings have also been issued for a distance of five nautical miles and a flight height of 1,000 meters
Geostrategy

IAEA asks Russia, Ukraine to secure nuclear plant

The head of the UN atomic energy watchdog - IAEA- said he was ready to continue talks in Ukraine and...
  • Fighting around Ukraine's Zaporizhzhia nuclear power plant -- Europe's largest -- has raised fears of a nuclear disaster.
  • The IAEA chief said that all efforts must be made in order to prevent a nuclear accident that would add tragedy to the suffering,
Economy

Saudi Arabia to set up five new renewable energy projects

The projects, whose total capacity reaches 3,300 MW, includes three which will utilize wind energy and two which will use...
  • The projects, whose total capacity reaches 3,300 MW, includes three which will utilize wind energy and two which will use solar energy
  • The projects are part of the National Renewable Energy Program as part of Saudi Arabia’s target to reach the best energy mix
Economy

Egypt’s gas export revenues up 13-fold in 8 years

Egypt’s natural gas and liquified natural gas (LNG) export revenues reached $8 billion in the fiscal year 2021-2022.
  • Egypt’s natural gas and liquified natural gas (LNG) export revenues reached $8 billion in the fiscal year 2021-2022
  • Egypt has quadrupled its exports of LNG and natural gas over the past eight years from 1.9 million tonnes to 7.2 million tonnes
Business

GHD, Fraunhofer–Gesellschaft to help develop UAE hydrogen policy

The Ministry of Energy and Infrastructure (MoEI) of UAE announced that it had signed an agreement with GHD Group, in...
  • UAE's National Hydrogen Strategy will help in formulating policies for energy-mix diversification strategies and net-zero targets by 2050.
  • Crucial elements must be in place for a booming hydrogen-based economy, including proper infrastructure, technological readiness and market access.
Geostrategy

UAE to provide Germany gas, diesel under ‘energy security’ deal

As part of the deal, the UAE will provide "an LNG cargo for delivery in late 2022, to be used...
  • The fact that we are dependent on one supplier and also dependent on its decisions will certainly not happen to us again, Scholz said.
  • In Qatar, the last stop on his two-day Gulf tour, the chancellor said the emirate's rights record is improving.
Economy

Saudi launches five projects to produce electricity using renewable energy

Riyadh, Saudi Arabia--Saudi Arabia has launched five new projects to produce electricity using renewable energy, which is part of the...
  • Saudi Energy Procurement Company (the main buyer) launched the projects for competition.
  • These projects, with a total capacity of 3300 MW, include three projects to exploit wind energy and two projects to exploit solar energy.

Schneider Electric, Charge&Go ink pact

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

Company News

Latest News

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...
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...
Business

Turkey casts doubt on need for new Russian gas hub

Putin first raised the idea of creating "a gas hub in Turkey for supplies to other countries" during talks with...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

IEA forecasts energy demand to reach record high this decade

The IEA's annual World Energy Outlook, due out next month, will show that "the world is on the cusp of...
  • The shift will have implications for the battle against climate change as it will bring forward the peak in greenhouse gas emissions, IEA executive director Fatih Birol said.
  • "This is the first time that a peak in demand is visible for each fuel this decade," he wrote in FT, adding that this was happening sooner than anticipated.
Geostrategy

Building less, repurposing more key to low construction sector emissions

The industry is responsible for 37 percent of global carbon dioxide emissions and growing urbanization is spurring the construction of...
  • Mushrooming urban environments -- which add new buildings in an area equivalent in size to Paris every five days -- damage life-sustaining ecosystems.
  • Building less and repurposing existing structures generates 50-75 percent fewer emissions than new constructions, a report said.
Geostrategy

150 dead in Libya after storm Daniel results in floods

"At least 150 people were killed as a result of flooding and torrential rains left by storm Daniel in Derna,...
  • The storm struck eastern Libya on Sunday afternoon, notably the coastal town of Jabal al-Akhdar but also Benghazi, where a curfew was declared.
  • Images filmed by residents of the disaster area showed massive mudslides, collapsed buildings and entire neighborhoods submerged under water.