Economy
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UAE oil giant Adnoc doubles carbon capture target ahead of COP 28 summit
The United Arab Emirates’ biggest oil producer is doubling its carbon-capture target as the company works toward a net-zero goal…
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Global energy leaders gather in Abu Dhabi for Adipec’s biggest edition ever
The ADIPEC 2023 will be held at the Abu Dhabi National Exhibition Centre (ADNEC) from October 2 (Monday), until October…
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What China’s economic problems mean for the world
There is a saying that when the United States sneezes, the rest of the world catches a cold. But what…
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Saudi Aramco to buy stake in EIG’s MidOcean Energy to tap into LNG
Saudi Arabia’s oil giant Aramco said on Thursday it agreed to acquire a strategic minority stake in liquefied natural gas…
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Dubai Crown Prince approves new projects as part of third cycle of ‘Dubai 10X’
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Board of Trustees of the…
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Sony PlayStation CEO Jim Ryan to retire after 30 years
Sony said Thursday that the chief executive of its PlayStation unit Jim Ryan will retire next March after almost 30…
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UAE weighs visa-free travel for Gulf residents to boost tourism
The United Arab Emirates is weighing plans for a visa system that would simplify travel for residents to neighboring Gulf…
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QatarEnergy and Hyundai Heavy Industries seal $3.9 bln contract for 17 LNG carriers
QatarEnergy said on Wednesday it had signed a $3.90 billion deal with HD Hyundai Heavy Industries for the South Korean firm to supply…
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UK approves North Sea oil and gas production amidst revised net zero targets
Britain on Wednesday authorized new production of gas and oil in the North Sea off the coast of Scotland, one…
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India’s diplomatic standoff with Canada threatens to hurt trade, investment
Canada-India ties have deteriorated since Prime Minister Justin Trudeau accused New Delhi of orchestrating the assassination of a Sikh separatist…
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