‘Nuclear solutions remain key to sustainable future’
“In the context of energy transition, flexibility is gaining more traction in the energy markets. This is exactly what small...Economy Energy Climate Change
World unites at COP28 to shift away from fossil fuels
Nearly 200 nations in Dubai have collectively endorsed an agreement to move away from fossil fuels, marking a significant step...Economy Energy Climate Change
Non-oil sector fuels Bahrain economy growth
The results are said to be showing signs of economic recovery of Bahrain.The overall growth is apparently due to the rise achieved by the non-oil sector
The rise has been supported by transportation & telecommunications and hotels & restaurants activity
$80 oil sparks mixed fortunes for world economy
Rising oil prices handed a major boost to producers but threaten the global recovery and stoke inflationary pressures because they...Global supplies have been disrupted because US production remains hampered by the ongoing fallout from Hurricane Ida.
OPEC now expects global oil demand to exceed its pre-pandemic level in 2022 thanks to Covid vaccines and recovering economies.
Construction works complete on a stretch of UAE rail network
DUBAI:Â Etihad Rail has completed construction works on a stretch of the 1200-km UAE National Railway Network, the company said on...The work was completed ahead of schedule on Package A of Stage Two, which extends over 139 km.
40 percent of the network’s annual transport capacity has been reserved through commercial agreements.
SEDCO Capital, Lombard Odier launch Shariah-compliant fund
The Fund's composition reflects a convergence of SEDCO Capital's Prudent Ethical Investment (PEI) approach with Lombard Odier's investment expertiseThe Fund's composition reflects a convergence of SEDCO Capital's Prudent Ethical Investment (PEI) approach with Lombard Odier's investment expertise
The Fund aims to deliver capital growth through an active asset allocation strategy with the goal of outperforming the Dow Jones Islamic Market World Developed Total Return Index
ACWA Power final IPO price nearly $15 per share, targets raising $1bn
The company expects to raise more than $1 billion from the public offering, valuing the company at about $10 billion.Retail offering started on Wednesday and will run until Oct. 1
ACWA is considering issuing green bonds in 2022 and beyond to raise funds for some renewable energy projects.
Elon Musk wants US regulators to let cryptocurrency ‘fly’
Los Angeles: Tesla chief executive Elon Musk thinks US regulators should take cryptocurrency out of their crosshairs, leaving it free...China's central bank last week said all financial transactions involving cryptocurrencies are illegal.
Tesla early this year announced it had bought $1.5 billion worth of Bitcoin.
Tariq Al Samahiji CEO of GFH Group’s UK ops
Al Samahiji is the non-executive chairman and co-founder of Orpheus Partners.He served as CEO of BNP Paribas Najmah and Global Head of BNP Paribas Islamic Finance and Investments.
GFH said it currently has assets of over $12 billion globally and looks to build its international portfolio through organic and inorganic growth.
DEWA partners with Global Manufacturing and Industrialisation Summit
DEWA has implemented Fourth Industrial Revolution technologies, such as Artificial Intelligence, Cloud Computing and the Internet of Things to drive...DEWA and GMIS will collaborate to promote the use of advanced energy-saving innovations
The collaboration will enable greater synergy between utility providers and industrial enterprises to eliminate energy wastage
OPEC sees oil demand growing over next two decades
The cartel's world oil outlook goes against the vision of the International Energy Agency, which warned in May that demand...Developing countries will fuel demand while it will begin to fall in wealthier nations from 2023, said OPEC.
The OPEC report comes as Brent crude oil prices jumped above $80 per barrel for the first time in almost three years.
Saudi Arabia digitizes 50m realty papers under National Transformation Program
Saudi Arabia has managed to digitize some 50 million real estate documents under the Real Estate Title Digitization Initiative. It...The central digitization labs work around the clock and are the largest of their kind in the MENA region
The digitization process goes through several steps: listing and collection of documents, entry and revision, transfer to digitization labs, sterilization and restoration
