- The two projects -- in Texas and Louisiana -- each aim to eliminate one million tons of carbon dioxide per...
Direct Air Capture (DAC) techniques focus on that CO2 emitted into the air, which is helping to fuel climate change and extreme weather.
Each of the projects will remove 250 times more CO2 from the air than the largest carbon capture site currently in operation, the Energy Department said.
- "The UAE is committed to a sustainable future, and we believe that our youth are the key to achieving this...
The UAE is committed to a sustainable future, says Awaidha Murshed Ali Al Marar, Chairman, Abu Dhabi Department of Energy
By empowering young people with green skills, we can help them shape the energy landscape for the future, adds the official
- It posted gains in one week on the back of company results.
The value of stocks on the bourse increased to $781 billion at the end of Friday's session as against $770 billion at the close of last Friday
Over the week, the equities market saw an inflow of liquidity exceeding $2.34 billion, split between $1.81bn in ADX and $539m in the DFM
- Rising rates and global slowdown pose challenges for economic growth and investment in Arab countries, which expect to expand at...
Rising rates and global slowdown pose challenges for economic growth and investment in Arab countries, which expect to expand at 3.4% in 2023, down from 5.6% in 2022
Diversified Arab economies are better equipped against economic shocks, says Arab Monetary Fund, adding that the regional inflation may hover around 6.8% for 2023
- In Asian stock market trading, Hong Kong extended the week's losses Friday, even as e-commerce titan Alibaba surged on a...
Official data Thursday that showed US inflation rising less than expected in July failed to stop bets on the Federal Reserve raising borrowing costs
Across the Atlantic, better-than-expected UK growth data Friday increased the likelihood of more BoE tightening, boosting the pound
- PARIS, FRANCE - The International Energy Agency said Friday it had revised upwards its forecast for global oil demand growth in...
World oil demand already hit a record 103 million barrels per day in June and August and "could see yet another peak", IEA said.
"For 2023 as a whole, global oil demand is set to expand by 2.2 million barrels per day to 102.2 million barrels per day," it said.
- This performance will be delivered through constant contributions from the non-oil sector, especially from tourism, leisure and real estate. The...
The report said the oil demand growth is forecast to slow to 2.2 mb/d in 2023, down from 2.4 mb/d in the previous assessment.
The main drivers of liquids supply growth for 2023 are expected to be the US, Brazil, Norway, Kazakhstan Guyana and China, while the largest decline is expected from Russia.
- A highly anticipated report showed July consumer prices rose more than the previous month but less than feared, giving the...
Hong Kong and Shanghai fell further, even as Alibaba surged in response to an earnings report showing a forecast-busting rise in first-quarter revenue
Sydney, Singapore, Manila and Jakarta also fell, though Seoul, Wellington and Taipei eked out gains. Tokyo was closed for a public holiday
- BAGHDAD -- The Central Bank of Iraq has introduced three distinct categories of exchange companies dedicated to selling dollars to...
Exchange companies will operate under strict Central Bank regulations and Anti-Money Laundering Law
Enhanced electronic platform by the Central Bank of Baghdad will oversee all dollar sales to citizens





















