ADB unveils fund to speed ASEAN power grid plans
MANILA: The Asian Development Bank has launched a new multi-partner trust fund with about $25 million in initial backing to accelerate preparation of cross-border energy and...
Tag : energy transition
China electric cars reshape fuel demand and Venezuela oil flows
BEIJING: China’s rapid shift to electric vehicles is reshaping the world’s largest auto market and dulling growth in the transport fuel demand that once underpinned its appetite...
UAE and Korea strengthen cooperation in energy and advanced industry
SEOUL, December 19, 2025: The United Arab Emirates and the Republic of Korea have reaffirmed their commitment to strengthening cooperation in energy, industry, and advanced technology...
OPEC Fund co-finances Africa’s largest onshore wind power project
The OPEC Fund has committed $30M to co-finance Africa’s largest onshore wind power project in Egypt’s Gulf of Suez, expected to power 1M homes and...
BP announces 4,700 job cuts amid cost-saving measures
BP announced plans to cut 4,700 jobs and 3,000 contractor roles in 2025 as part of a strategy to save $2 billion by 2026, citing...
Germany shifts from electricity exporter to importer in 2024
In 2024, Germany shifted from a net electricity exporter to importer, driven by rising demand, fossil fuel reductions, and nuclear phase-out, highlighting energy transition challenges....
WEF unveils Playbook of Solutions to accelerate clean energy financing
The World Economic Forum launched a platform to boost clean energy investment with 100 solutions from 47 countries, aiming to unlock $1.7 trillion in finance...
UAE’s Masdar invests £11B in UK offshore wind farm
UAE's Masdar finalizes £11 billion investment in UK's offshore wind farm, bolstering global green energy initiatives....
World Bank targets $10 billion climate aid for MENA by 2025
The World Bank has announced an ambitious plan to escalate climate financing in the Middle East and North Africa (MENA) region, aiming to allocate $10...
UAE and Morocco forge new path with innovative partnership declaration
In a landmark move, UAE President Sheikh Mohamed bin Zayed Al Nahyan and Moroccan King Mohammed VI have fortified their countries’ ties with a groundbreaking...