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Energy
US DOE funds $2.2b grid overhaul to combat climate change
The US Department of Energy (DOE) announced a $2.2 billion investment in the nation's grid for eight projects…
EBRD, France’s Proparco finance solar projects in Tunisia
The European Bank for Reconstruction and Development (EBRD) and the French development agency Proparco are…
Canada mulls tariffs on Chinese EV imports
Canada is considering imposing tariffs on Chinese electric vehicle (EV) imports, with support from General Motors…
Saudi Aramco profit falls 3.4% in Q2 ’24
Saudi Arabia's state oil producer Aramco reported a 3.4 per cent decline in second-quarter net income on Tuesday.
ADB approves $21m grant for Tajikistan hydropower upgrade
The Asian Development Bank (ADB) announced on Tuesday that it has approved an additional grant of $21 million to…
New Zealand ditches clean, green policies for economic lifeline
New Zealand’s reputation as a global environmental leader is under threat as the government prioritises economic…
S. Arabia raises crude price for Asia
Saudi Arabia has increased the September price of Arab Light crude for Asia by $0.20 a barrel, the first rise in…
Petrojet, Sonatrach sign MoU for joint venture in Algeria
Petrojet and Algeria's state-owned Sonatrach signed a memorandum of understanding (MoU) on Sunday, to explore…
Satellite images show Russian LNG vessel bypasses sanctions
A large vessel docked at Russia’s Arctic LNG export plant last week, satellite images reveal, potentially…
World Bank, AfDB to provide electricity for 300m Africans by ’30
The World Bank Group and African Development Bank (AfDB) have launched an initiative to provide electricity to 300…