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Environment
Markets
Oil prices rise on larger-than-expected U.S. inventory draw, offsetting distillate stockpile build
Brent crude futures rose 0.2 percent to $84.84 per barrel
Markets
Oil prices stabilize as market monitors tropical storm Beryl, geopolitical developments
Brent oil futures for September delivery hovered around $85.72 per barrel
Miscellaneous
Abu Dhabi World Food Security Summit 2024 to empower innovative solutions for hunger-free world
The event is set to be hosted for the first time on November 26-27, 2024
Energy
DEWA’s IPWP model attracts $11.87 billion investment over 10 years
Key projects include the Mohammed bin Rashid Al Maktoum Solar Park, which aims for 5,000MW by 2030 at AED50 billion
Sustainability
UAE’s ADNOC, JBIC sign $3 billion green financing agreement
The credit facility is part of JBIC's GREEN lending program and is partially supported by Japanese commercial banks
Sustainability
Emissions spike 50 percent at Google as AI energy demands undermine sustainability targets
Data showed that Google's emissions increased 13 percent year over year in 2023
Sustainability
Tadweer Group launches four new subsidiaries to enhance waste recycling, conversion in Abu Dhabi
Tadweer Environmental Services and Solutions will focus on public waste collection activities
Economy
South Korea’s foreign reserves fall $620 million in June amid currency swap, bond payments
As of the end of June, the country’s foreign reserves stood at $412.21 billion
Sustainability
Abu Dhabi’s EAD, TotalEnergies partner to conserve and restore coastal ecosystems in the emirate
As part of this collaboration, EAD and TotalEnergies will research, monitor, and evaluate Abu Dhabi's coastal ecosystems
Sustainability
UAE’s ADNOC embraces AI for sustainability, drives $500 million in savings and 1 million tons of carbon cuts
Last year, ADNOC implemented over 30 AI tools to improve the efficiency of its projects
Economy
Natural gas shortage drives 54 percent surge in Egyptian fertilizer prices
Month-on-month prices reached up to $416.57 per ton in June, compared to $270.83 per ton previously
Saudi Arabia
Saudi Arabia’s 1,200-station renewable energy mapping project aims to accelerate clean power goals
The stations seek to measure solar and wind energy across all regions of the Kingdom
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