IEA raises its estimate of oil demand in ’24
The International Energy Agency (IEA) revised up its estimate of the growth in oil demand in 2024 on Thursday.
Egypt considers building solar power plant with Norway’s Scatec
Egypt’s Minister of Manpower and Norwegian renewables firm Scatec are discussing ways of cooperation to build a…
Richemont sales in China jump 25%, Europe slips
Richemont, owner of Cartier jewellery, witnessed a hug increase in its sales in China by 25 per cent, while its…
Indonesia to triple biomass consumption in ’24
Indonesia plans to reduce emissions by tripling its use of biomass for power generation to 2.83 million metric tons…
EU reaches provisional deal to combat money laundering
The European Union (EU) reached a provisional agreement to protect EU’s citizens and the EU's financial system…
Shell begins layoffs to boost performance
Shell Plc. has started laying off hundreds of employees with some in its low-carbon solutions unit among the first…
Vietnam narrows limits on investors’ stakes in banks
Vietnam’s legislature reduces the maximum stake investors can own in domestic banks, in an attempt to mitigate the…
EU car market slows by 3.3% in Dec. of ‘23
The European Union (EU) car market experienced a 3.3 per cent decline, marking the first decrease in 16 months as…
U.S. freezing weather hinders LNG shipments
Scheduled exports of U.S liquefied natural gas (LNG) were disrupted by the recent freeze that affected Texas and…
Alshaya Group reduces operations in Egyptian market
Kuwait’s Alshaya Group will reduce its operations in Egypt amid the ongoing economic situation, the group said in…
