IFC breaks financing record with $56B in 2024, 40% for climate
IFC secured $56B in financing in 2024, allocating 40% to climate-related projects, marking a record-breaking year for the organization's commitment to global climate initiatives....
Month : October 2024
WTO trade leaders meet in India to discuss Asian-African trade strategies
India led a WTO meeting discussing resilient trade strategies, digital solutions for trade barriers, and climate action tailored for developing nations, fostering inter-regional cooperation....
Kuwait oil jumps $4.5 to $75.40 per barrel amid rising tensions
Kuwait’s crude oil price surged by $4.5 on Wednesday, reaching $75.40 per barrel, driven by concerns over Middle Eastern tensions and market uncertainty, according to Kuwait Petroleum Corporation....
ADX sees AED2.66 billion in large transactions for Modon and ADNOC
MENA Newswire News Desk: The Abu Dhabi Securities Exchange (ADX) executed 15 large direct transactions today, involving shares from ADNOC Gas Plc and Modon Holding PSC. The total value of these deals reached AED2.66 billion, according to data released by the ADX. The most significant portion of the transactions involved Modon Holding, with approximately 505.8 million shares......
New WEF platform aims to unlock capital for clean energy in emerging markets
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 for emerging markets....
IEA report highlights growth in low-emissions hydrogen, but policies lag
A new IEA report highlights growing investment in low-emissions hydrogen projects but stresses the need for stronger policies to boost demand in key sectors such as industry and transport....
UN Human Rights chief calls for restraint to avoid Middle East conflict
Volker Türk, UN High Commissioner for Human Rights, urges global restraint to prevent wider conflict in the Middle East, warning of devastating consequences for civilians....
MOU on 4-Party Cooperation between Yangpu and Abu Dhabi Sister Ports Signed
HAIKOU, China, Oct. 2, 2024 /PRNewswire/ — A report from Hainan International Media Center (HIMC): On the occasion of the 40th anniversary of the establishment of diplomatic relations between China and the United Arab Emirates, the Management Committee of the Yangpu Economic Development Zone, the Abu Dhabi Ports Group, COSCO......
LANDO NORRIS CARRIES TUMI’S NEW TURIN COLLECTION AND ICONIC ALPHA X ON A JOURNEY AROUND THE FRENCH RIVIERA
The brand’s newest campaign offers a glimpse into the McLaren Formula 1 Driver’s life, taking viewers along for the ride with his favorite TUMI styles. NEW YORK, Oct. 2, 2024 /PRNewswire/ — Today, international travel and lifestyle brand TUMI unveils its all-new men’s premium Turin collection. To debut its latest luxury......
Masdar finalizes acquisition of 50 percent stake in Terra-Gen
MENA Newswire News Desk: Abu Dhabi Future Energy Company, also known as Masdar, has officially closed its acquisition of a 50% stake in Terra-Gen Power Holdings II, LLC. This major transaction, conducted in partnership with Energy Capital Partners (ECP), marks a significant step forward for Masdar in the United States’ renewable energy sector. ECP, a......