The situation has been made worse by a crisis facing the agricultural sector, which makes up 14 percent of gross domestic product. The worst drought in four decades has been compounded in recent weeks by a snap of unusually cold weather. The government has boosted subsidies on some basic products...

Defying a government ban against marches, scores of Moroccan trade union activists protested on Sunday in the capital Rabat and other cities to denounce surging costs of food and fuel. Protestors from the Democratic Labour Confederation (CDT) organized rallies outside their offices in Rabat and Casablanca as well as other...

With activity in China unlikely to pick up in earnest until after the Lunar New Year holiday, the prospect of a lull in activity could be the trigger for a pause in the current rally – especially across industrial metals where copper has started the year with an 11% gain,...

The firm's profit jumped to $294 million at the end of last year.

AL-MAHRA, YEMEN - The second batch of the new Saudi oil derivatives grant of 4,491,000 metric tons of diesel was delivered in Al Mahrah. The grant comes as part of the Kingdom's support for the Yemeni people under the directives of King Salman and the Crown Prince to help Yemen...

Kyiv, Ukraine--Ukraine estimates its grain harvest fell by around 40 percent year on year due to the Russian invasion, a representative for the country's industry told AFP Friday. "We expect a grain harvest of 65-66 million tonnes" by the end of the year, the head of the Ukrainian Grain Association Sergiy...

Damascus, Syria-- Syrian student Ziad al-Ezz can no longer get to university as severe fuel shortages cripple the capital Damascus, pushing residents to seek alternatives for heating and shuttering businesses. With the country's economy battered by more than a decade of war, authorities have announced four fuel price hikes since the...

On the eve of UN nuclear monitors visit to the country, Iran disclosed that its uranium enrichment capacity has increased to record levels. Its head of the Atomic Energy Organization has said the enrichment capacity has reached more than twice the entire history of this industry.

AMMAN, JORDAN - Jordan has arrested dozens of people accused of involvement in protests against rising fuel prices in which a senior police officer was gunned down, the country's security agency said Saturday. Colonel Abdul Razzaq Dalabeh, the deputy police chief of Maan province, died of a gunshot to the head...

Colonel Abdul Razzaq Dalabeh, the deputy police chief of Maan province, was shot in the head on Thursday while police tried to "calm down riots" in the southern town of Al-Husseiniya, the Public Security Directorate said in a statement.

Amman, Jordan-- Jordan's inflation shot up 4.22%, reaching to 106.68 points during the period from January to the end of November 2022, compared to 102.36 points during for the same period in 2021. The Department of Statistics stated today in its monthly report that some of the most prominent commodity...

Washington, US— The US has commended the decision to hold next year’s 28th UN climate change conference in the UAE. Special Presidential Envoy for Climate John Kerry said that fossil fuel economies should be encouraged to lead the transition to clean energy. “It’s very exciting that the UAE, an OPEC...

As part of the transaction, first announced in January 2022, the company acquired equity stakes of 30% in a 210,000 barrels-per-day refinery in Gdansk

The alliance had committed to phasing out oil and gas production when it was launched at UN climate talks in Glasgow last year, hoping to inspire a global movement toward ending fossil fuels. A year later it has just signed up two countries as new friends but no large fossil...

Domestic fuel bills rocketed further despite the UK government's energy price freeze as the market faced fresh fallout from key producer Russia's invasion of Ukraine. Runaway inflation comes despite Britain's energy support, which sought to limit annual energy bills at an average of £2,500 per year.

Against the backdrop of the war in Ukraine that has fueled food and fuel prices, US Treasury Secretary Janet Yellen has said that the best way to end world economic tumult was to stop the Ukraine war. Speaking ahead of the G20 summit in Indonesia, she said, "ending Russia' war...

Green ammonia, which can be achieved by combining and reacting green hydrogen and nitrogen at high temperatures and pressures, can potentially reduce global carbon emissions and be used within the transportation, power generation and industrial sectors. 

Thick black smoke sometimes billows from its red-and-white chimneys, leaving a grey haze in the air above the Zouk Mikael industrial district where the toxins remain trapped by a nearby mountain chain. Zeina, aged 40, says she lost her younger sister and a cousin to pulmonary fibrosis and that two...

Fuel workers voted to continue stoppages at several refineries run by TotalEnergies, the coordinator for the hard-left CGT union Eric Sellini said, rejecting a pay package agreed between the group's management and mainstream unions. Three out of seven of the country's oil refineries and five major fuel depots are affected,...

Current trends in the automotive sector such as zero-emission vehicles and carbon-neutral manufacturing demonstrate the growing importance of sustainability, says a key BMW Group Middle East official.

The price of 90-octane gasoline and 95-octane gasoline will decrease by 60 fils in October.

NASA has called off the scheduled Tuesday launch of its uncrewed mission to the Moon due to a tropical storm that is forecast to strengthen as it approaches Florida. After two previously canceled launch attempts, NASA is weighing returning the Artemis 1 mission rocket to its assembly site under the...

Two ships carrying reprocessed nuclear fuel destined for Japan set sail Saturday morning from northern France, an AFP photographer said, despite criticism from environmental campaigners.

The UN's World Meteorological Organization and its Environment Programme warned that the catastrophes such as Pakistan's monumental floods and China's crop-withering heatwave this year will become commonplace should the world economy fail to decarbonize.

Qatar’s private sector exports during the second quarter of 2022 amounted to QAR 8.92 billion ($2.44 billion), a 21 percent growth on annual basis compared to QAR 7.73 billion in Q2-2021, said Qatar Chamber in its quarterly report. On a quarterly basis, it also surged 15.4 percent compared to QR...

It's an economic and practical solution in a territory blockaded by Israel for 15 years, but one which poses serious environmental and health risks.

French daily Le Monde said it was able to track the supply chain from the Termokarstovoye gas field in Siberia, which is partly owned by France's TotalEnergies, to two military airbases, each hosting a squadron of multirole aircraft accused of having bombed Ukrainian civilian population.

Dubai Electricity and Water Authority (DEWA) has announced breaking its own world record in major inspection outage duration for the overhaul of gas turbines and desalination units, recorded in 2019.

The dollar's first-quarter increase of about 10% against a basket of international currencies may reduce the impact of imported inflation due to dirham's peg to the US currency.

Iraq has agreed to renew a one-year deal to provide Lebanon with fuel for its power plants in exchange for in-kind services, Lebanon's Prime Minister said in a statement Thursday. Iraq signed an agreement in July 2021 to give cash-strapped Lebanon one million tonnes of fuel oil to help keep...

Gaza's health ministry said 15 children were among 44 people killed in three days of intense fighting. Despite a flurry of strikes and rocket attacks in the run-up to the truce, neither side had reported any major violations of the agreement overnight.

Gaza's sole power plant shut down on Saturday after running out of fuel, an electricity company spokesman said, five days after Israel closed its goods crossing with the Palestinian enclave. Diesel for the plant is usually trucked in from Egypt or Israel, which has maintained a blockade since Hamas took...

Morocco's Prime Minister Aziz Akhannouch, a billionaire petrol baron, is facing a growing online campaign demanding he step down as fuel prices -- and energy firms' profits -- surge. The government of the North African kingdom, which is heavily reliant on oil imports, insists it is doing its best to...

The Kingdom has for several years imported Russian oil, which helps to reduce its need to refine crude for products and cut the amount of oil it needs to burn for power, leaving it with more unrefined crude to sell in globally at higher prices. In 2021, it imported 1.05MT...

Diminished leverage in the Gulf region makes Washington a less compelling partner than it once was, says Chas W Freeman, Former US Ambassador to Saudi Arabia.

Profits were $476 million compared with just $19 million in the year-ago period.

Under the rule of the Rajapaksa clan, Sri Lanka moved closer to China and borrowed billions of dollars for vanity projects like cricket stadiums and airports as well as a deep-sea port since leased to Beijing. Its coffers further depleted by government tax cuts.

Overall, 50,000 species are used for food, energy, medicine, material and other purposes around the world, with more than 10,000 different types harvested for human consumption.

Sri Lanka is facing its worst economic downturn since it gained independence from Britain in 1948.

Speaking at the NATO summit in Madrid, Johnson said the "very, very tight labor market" and difficult "balance of our energy mix" add to inflationary pressures.

Rise in fuel prices, scorching heat and constant rush to deliver due to 'unrealistic promises' made to clients by online platforms are impacting lives of thousands of riders.

Joe Biden pitched a temporary fuel tax break Wednesday to help American drivers face the highest inflation in four decades, but critics called it window dressing by an unpopular US president ahead of difficult midterm elections.

The group has seven eLink stations, five located in Dubai and two in Abu Dhabi.

DP World's Southampton container terminal will now be run on vegetable oil instead of the usual diesel fuel to scale down carbon emissions.

Jordan’s wholesale price index in Q1 2022 increased by 5.66 percent, reaching 102.64 points against 97.14 during the same period of 2021. According to the Department of Statistics' (DoS) quarterly report issued Sunday, the rise was mainly driven by the increase in the group price of fuel, minerals, and construction...

Wafi will also operate car services for Shell Global in  the kingdom.

Jordan's oil bill went up by 49.1 percent in Q1 2022, compared to the same period in 2021, the Department of Statistics (DoS) said Monday. The report said the value of the oil bill in Q1 2022 increased to JD761 million compared to JD510 million in the same period of...

Riders of an online food ordering firm, who recently protested against unfair pay, allege that not only do they get penalized for late deliveries but part of their tips is also usurped.

Pakistani Prime Minister Shehbaz Sharif, who took power with a coalition that removed Khan in a no-confidence vote last month, has vowed to jumpstart the moribund economy

The number of coal-fired power plants in the pipeline worldwide declined in 2021, according to research released Tuesday, but the fossil fuel most responsible for global warming still generated record CO2 emissions, threatening Paris climate goals. Since the 195-nation treaty was inked in 2015, coal power capacity under construction or...