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Fuel
Energy
Saudi Arabia’s Aramco acquires 10 percent stake in Horse Powertrain Limited
Renault Group and Geely will each retain a 45 percent stake in the company
Energy
ADNOC Distribution reports record high earnings at $790 million
ADNOC Distribution exceeded 11 billion liters in total fuel volumes, marking the highest-ever nine-month volumes
Banking & Finance
ADNOC Distribution approves $350 million interim cash dividend for H1 2024
ADNOC Distribution to pay the second and final dividend for 2024 in April 2025
Economy
IMF eases some conditions on Egypt’s $8 billion finance package
Egypt's economic growth to increase to around 5.5 percent as structural reforms to strengthen the business climate pay off
Energy
Emarat, Emirates airline sign first aviation fuel supply agreement for Al Maktoum Airport
The deal is part of a longstanding three-decade partnership between Emirates and Emarat
Energy
Global energy demand reaches new high in 2023, fossil fuels maintain dominant share: Report
Energy transition stalls as global primary energy demand rises to 620 Exajoules in 2023
Sustainability
Emirates’ green aviation initiative slashes fuel burn by 48,000 tons, cuts carbon emissions by 151,000 tons
The airline has equipped its pilots with the latest tools and applications to monitor and optimize their flight performance
Egypt
Egypt implements fuel price increases as part of IMF agreement
The country is taking steps to align fuel prices with international markets
Economy
Unique waste-to-aviation fuel deal signed at WGS 2024
Sustainability
DSCE adopts green energy and sustainable initiatives to support infrastructure
Meeting highlights initiatives to enhance fuel distribution and promote green vehicle fleet management
Logistics
Emirates first airline to join U.K. low carbon investment initiative, The Solent Cluster
Taking flight towards a low carbon future, greener aviation industry
Sustainability
Abu Dhabi launches first enzyme-based fuel additives processing facility
Driving sustainable industrial development in the emirate
Logistics
Global food supplies and prices are in danger in 2024
El Niño phenomenon, export restrictions, and increased biofuel commitments