Economy
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CO2 emissions edge up to record high in 2022, even as clean tech offsets rise: IEA
Global energy-related emissions of carbon dioxide hit a record high last year, although more clean technology such as solar power…
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Dubai’s luxury property market is closing in on New York, LA
Dubai is the world’s busiest luxury property market behind New York, Los Angeles and London after a deluge of wealthy investors flocked…
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Saudi Aramco near deal to join Renault-Geely car venture
Saudi Aramco is nearing a deal to acquire a stake in Renault SA and Zhejiang Geely Holding Group Co.’s planned…
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TotalEnergies buys CEPSA’s upstream assets in Abu Dhabi
French oil company TotalEnergies said on Wednesday it had agreed to buy the upstream assets in the United Arab Emirates…
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Wizz Air Abu Dhabi adds new aircraft, routes to Central Asia, Europe, and Africa
Wizz Air Abu Dhabi is ramping up operations to meet the high demand and expanding its sustainable fleet. With nine…
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FlyDubai announces record profit as Gulf air travel booms
Budget carrier FlyDubai announced record profits on Wednesday, benefitting from a surge in air travel following the lifting of pandemic…
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Citigroup CEO says clients are shifting supply chains away from China
Citigroup Inc.’s clients are shifting supply chains away from China in a trend that is likely to last for years,…
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India’s Adani secures $3 billion credit from Middle East wealth fund: Report
India’s Adani Group has told creditors it has secured a $3 billion loan from a sovereign wealth fund, two sources…
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General Motors cutting hundreds of jobs to reduce costs
General Motors Co is cutting hundreds of executive-level and salaried jobs as it looks to cut costs and streamline operations,…
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Aramco, Sonatrach cut March OSPs for propane by 9-11 percent vs Feb
Saudi Arabia’s state oil producer Aramco and Algeria’s Sonatrach lowered March official selling prices (OSPs) for propane by 9-11 percent…
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