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EU intends to oblige aircrafts use eco-friendly fuel
European Union (EU) member states have stressed that aircraft in the Union would have to be fuelled in a more…
Bank Hapoalim sees highest Israeli economic losses since 1973 October war
Israel's largest lender, Bank Hapoalim reported on Wednesday substantial losses worth $6.8 billion since the…
IEA cuts 2024 global demand oil growth forecast – OMR report
The International Energy Agency (IEA) downgraded the global oil demand growth forecast to 880,000 barrels per day…
Claudia Goldin wins 2023 Nobel Prize in Economics
The Harvard professor Claudia Goldin has won on Monday the Nobel Economics Prize for her research that helps…
Global coal industry expected to lay off more than 4K miners by 2035
Coal industry is anticipated to lose over 400,000 mining jobs by 2035, this decline will occur even without climate…
ExxonMobil agrees to buy Pioneer in $59.5bln deal
ExxonMobil agreed on Wednesday to buy Pioneer Natural Resources, operating in shale oil industry, in a deal worth…
Japan starts its first carbon credit exchange to cut emissions
Japan's Tokyo Stock Exchange (TSE) began on Wednesday trading of government-certified carbon emissions credits as…
IFC, OCP Group launch $800m agri-finance platform
The International Finance Corporation (IFC) and Moroccan fertilizer giant, Office Chérifien des Phosphates (OCP…
China envoy Zhai Jun backs aid to Palestine
China’s special envoy for the Middle East Zhai Jun called an official at Egypt’s Ministry of Foreign Affairs, for…
Egypt, Belarus to build electric buses factory in Alexanderia
Egypt and Belarus are considering building a factory for electric buses and trucks in Borg El-Arab, Alexandria, a…