WEF24: AI stays at forefront of energy revolution
There is a need for global policy alignment to meet the rising energy demands and tackle climate change challenges, Marco...
Interview
Shell halts Red Sea shipments over attack fears, say report
WASHINGTON, US - British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of...
Geostrategy
Economy
Without collaboration, green transition ‘delayed by decades’: IEA
Against the backdrop of surging energy prices and the threat of a global food crisis, the IEA urged nations to...
- At last November's COP26 climate summit in Glasgow, 45 countries vowed to work together on the deployment of green tech across a variety of sectors
- Greater coordination between countries would make key green technologies cheaper for developing nations to deploy at scale, the IEA said
Business
German chancellor to visit Saudi seeking energy support
Scholz, whose two-day trip next weekend will also take him to Qatar and the United Arab Emirates, becomes the latest...
- On Sunday, Scholz will meet with UAE President Sheikh Mohamed bin Zayed Al-Nahyan, and in the afternoon will hold talks with Qatari Emir Sheikh Tamim bin Hamad Al Thani.
- German Economy Minister Robert Habeck already visited Qatar and the UAE in March in an effort to find alternatives to Russian gas,
Geostrategy
Iran President seeks US guarantees to renew nuclear deal
"We cannot trust the Americans because of the behavior that we have already seen from them. That is why if...
- EU foreign policy chief Josep Borrell told AFP last week that negotiations to bring Iran back into the deal are stalemated, after proposals from the parties "were converging".
- Three years later, Donald Trump pulled out and reimposed sweeping sanctions. President Joe Biden supports a return but Iran's call for guarantees has become a sticking point.
Economy
Dubai reduced carbon emissions by 21 percent in 2021
The Dubai Supreme Council of Energy had a virtual meeting in which it was revealed that Dubai had reduced carbon...
- The Dubai Supreme Council of Energy in a meeting discussed increasing the share of solar energy.
- The meeting deliberated waste recycling in power and water production, industry, ground transport and waste treatment.
Economy
Electricity shortage pushes South Africa towards blackouts
On an eight-notch scale of rolling blackouts, the country has reached the sixth critical stage. Level six was seen in...
- State-owned Eskom announced "a high stage of load shedding this week", using jargon for planned outages.
- The rise in temperature since September with the arrival of spring usually leads to a drop in consumption, in particular with reduced heating demand.
Geostrategy
DEWA CEO briefs Utah House of Representatives delegation
MD & CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer met a delegation from the Unified...
- Speaker of Utah House of Representatives Brad Wilson led the delegation to the UAE.
- The delegation want to learn about DEWA’s innovative development projects in the water, renewable and clean energy sectors.
Geostrategy
IAEA says Ukraine nuclear plant reconnected to national grid
Days after it was cut off from external power, raising the risk of an accident, Ukraine's nuclear plant is receiving...
- Since being cut off from the grid, the station was relying on its own power supplies to operate essential safety mechanism
- Zaporizhzhia was seized by Russian troops in March and shelling around the facility raised fears of nuclear disasters ever since
Geostrategy
Activists thwarts offloading of Russian gas in Finland
HELSINKI, FINLAND - Activists from environmental group Greenpeace blocked a shipment of Russian gas from unloading at a liquefied natural...
- The activists demanded Helsinki stop importing Russian gas after Russia's President Vladimir Putin invaded Ukraine more than six months ago.
- The director for the terminal's operator, Manga LNG, Mika Kolehmainen, said the action took place around 7:00 am (0400 GMT) at Tornio port.
Geostrategy
France sends latest nuclear shipment to Japan
Two ships carrying reprocessed nuclear fuel destined for Japan set sail Saturday morning from northern France, an AFP photographer said,...
- MOX fuel is a mixture of reprocessed plutonium and uranium.
- Environmental activists have denounced the practice of transporting such highly radioactive materials, calling it irresponsible.
Geostrategy
World Green Economy Summit to discuss food security
The eighth World Green Economy Summit (WGES) will explore ways to improve global food security, sustainability of the food systems...
- WGES brings together global decision-makers and influencers to share their experiences to mitigate global food crises.
- The UAE plays a crucial role in addressing the issues relating to global food security.
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
WEF24: AI stays at forefront of energy revolution
There is a need for global policy alignment to meet the rising energy demands and tackle climate change challenges, Marco...
Interview
Company News
Latest News
Iran-US non-oil trade reaches US$31m in January-July 2023
TEHRAN, IRAN - The US Bureau of Statistics in its latest report said the trade between Iran and the United...
Business
Middle East sets global standards in renewable energy
This TRENDS Explainer Video explores how the Middle East is fueling its economy with renewables like solar, wind, and green...
Videos
Most Read
Geostrategy
Saudi crown prince says ready for economic partnership with BRICS
DUBAI, UAE – Saudi Arabian Crown Prince Mohammed bin Salman in a telephonic conversation with Russian President Vladimir Putin has...
- The Russian president and the Saudi crown prince discussed the outlook for BRICS expansion.
- The two leaders reviewed cooperation between the two countries within the OPEC+ agreement framework.
Business
Masdar, Africa50 sign MoU
The aim is to speed up clean energy transition in Africa.
- Masdar brings its technical expertise and extensive experience in emerging markets and will work with Africa50 to bridge the infrastructure funding gap.
- Africa50 brings its skill in developing projects in the continent and which, combined with Masdar, can help unlock clean energy potential.
Oil, gas sector emission pledges stalling: report
According to Carbon Tracker, the weakest emissions reductions commitments came from US major ExxonMobil and five majority state-owned oil firms:...
- A report by Carbon Tracker assessed and ranked emissions reductions commitments by 25 of the largest oil and gas firms, as measured by 2022 production volumes
- Some 16 firms only covered operational emissions and failed to take into account indirect emissions linked to the full life cycle and use of their products