LONDON, UK – The price of natural gas in Europe fell again on Friday, taking it to its lowest in almost three years as mild winter weather continues and European stockpiles hold up. Mid-morning on Friday, the benchmark Dutch TTF futures contract was down 3.2 percent at US$24.3 (22.45 euros) a...
Disasters cause crop losses worth $3.8trn over 30 years, says FAO
PARIS, FRANCE - Natural and man-made disasters have caused $3.8 trillion in crop and livestock loses over 30 years, the UN's Food and Agricultural Organization (FAO) said on Friday. Floods, droughts, insect infestations, storms, disease and war have caused about $123 billion per year in lost food production between 1991 and...EU well-prepared for winter as gas reserves hit 90% ahead of target
The speedy filling of storage facilities means the bloc is "in a much more stable position than it was this time last year," when Russia's invasion of Ukraine sent energy prices soaring, EU Energy commissioner, Kadri Simson, said.
DEWA launches construction work of Hatta Sustainable Waterfalls project
DUBAI, UAE - MD & CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer has launched the construction work for the Hatta Sustainable Waterfalls project. The US$12 million (AED 46 million) project was recently awarded to DEWA and is part of the company's social and investment responsibility...
Natural disaster losses hit US$115 bn this year, says Swiss Re
GENEVA, SWITZERLAND - Natural catastrophes have caused an estimated US$115 billion of insured losses in 2022 to date, driven by Hurricane Ian and other extreme weather events, reinsurance giant Swiss Re estimated Thursday. Hurricane Ian, the single largest loss-causing event so far this year, caused an estimated insured loss of...With gas prices up, Algeria hikes defense budget to US$23bn
With its revenues buoyed by high hydrocarbon prices over the past year, Algeria intends to double its defense budget to $23 billion next year. Africa's top natural gas producer has seen a spike in tensions with its neighbor Morocco over the disputed Western Sahara.Saudi culture ministry provides training in UNESCO program
Under its recently announced Experts Program, the Saudi Ministry of Culture has provided an intensive leadership training course for Man and The Biosphere (MAB), a UNESCO program.On land and sea, climate change causing ‘irreversible’ losses: UN
Climate change has already caused "irreversible losses" for Nature, UN experts have said, warning that if emissions are not cut quickly, warming could trigger chain reactions with potentially catastrophic effects for all species, including humans. All forms of life on Earth are linked together by a vast web of causes...
UAE to become major player in emerging blue hydrogen market: ADNOC CEO
The United Arab Emirates will become a major player in emerging blue hydrogen market, according to the CEO of the Emirates’ largest oil company.
