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8 new industrial projects announced at Abu Dhabi’s ‘Make it in the Emirates’ event
Abu Dhabi, UAE - Eight new projects were announced on Thursday during the Make it in the Emirates Forum in Abu Dhabi. The Abu Dhabi Investment Office (ADIO) and its partners signed Memorandum of Understanding with high-growth companies covering key areas, including manufacturing, banking, oil & gas, pharmaceuticals, and healthcare...
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UAE a safe global oil, energy supply source: OPEC chief
Since joining the OPEC, the role of the UAE has remained clear: to increase production, maintain economic growth, achieve diversification through other sources, and reduce costs. The Gulf country is a model for clear plans and mechanisms and their implementation, the official adds. -
As Ukraine war grinds on, Saudi influence grows
Saudi Arabia's unexpected role in brokering the release of foreign fighters detained in Ukraine was just the latest example of how the kingdom is seeking to bolster its international standing, diplomats and analysts say. It also enables Riyadh to argue that preserving ties with Moscow -– a source of tension... -
Energy majors exaggerating green performance: analysis
Campaigners say this "significant misalignment" between communication strategies and business plans could allow five of the biggest privately-owned energy firms to continue to delay the decarbonization needed to avoid the worst impacts of climate change. -
Oil, gas firms use Ukraine war to resist climate efforts: report
The London-based think tank InfluenceMap analyzed advertisements and declarations by the companies in the weeks before and after Russia's invasion of Ukraine on February 24. -
World Bank warns of bleak economic outlook for Ukraine, region
The conflict also has caused prices of grains and energy to soar. -
Rich nations to tap 120m barrels from emergency oil reserves: IEA
The IEA members which include the United States, European countries, Australia and Japan, among others had already pledged last month to release 62.7 million barrels of oil. -
Fighting rages in Ukraine, US says Putin being ‘misled’
Citing US intelligence, White House Communications Director Kate Bedingfield said "he felt misled by the Russian military." -
Oil prices, stocks higher after EU snubs Russia ban
European stocks, which had been firmly higher earlier in the session, ended the day with only modest gains -
This historical crude oil development to drive demand, prices, to the roof
Monday May 28 saw another price tumble for oil prices, after crashing down last Friday. The correction is mainly due to Saudi and Russia declaring their intent to increase oil supplies by some 1 million bpd as compensation to Venezuela’s output dropping to 1.5 million bpd in April, a fall...