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Inaction over climate change could slash global GDP by 3% annually by 2030, BofA says
Around $5tn will have to be invested annually over the next 30 years to meet climate goals
Oil set to continue rally amid growing global demand
The high prices are being driven by shortages in various parts of the world and skyrocketing prices for gas
Abu Dhabi Ports Group's first-half revenue surges 21% in 2021
The company earned a revenue of $490.1m during the period
Opec maintains 2022 outlook and expects oil demand to surge beyond pre-Covid levels
The group expects higher demand next year on the back of improved economic activity
Clean energy investment needs to triple over the next decade, IEA says
World oil demand is set to decline to 75 million bpd by 2050
Fertiglobe IPO may raise as much as $827m
The company has priced its shares between Dh2.45 and Dh2.65, implying an equity valuation of $5.5 billion to $6bn
Brent nears $85 amid continued energy shortage
Oil is at three-year high, with natural gas up nearly 84.69 per cent so far this year
Acwa Power shares surge 30% in record listing for a regional renewable company
The listing is Saudi Arabia's largest since the public offering of Aramco in 2019 that raised $29.4bn
Explainer: What the path to net-zero and carbon neutral means
The UAE is the first country in the Middle East and North Africa and only Gulf oil exporting nation to make a public commitment towards becoming carbon neutral by the middle of the century
Gazprom Neft sees technical synergies with Abu Dhabi's gas programme
Exclusive: Russia's third-largest oil producer sees prices averaging $50 per barrel
Aviation sector pledges to increase use of greener fuels by 2030
The industry remains 'hard-to-abate' in terms of emissions
GCC countries could generate $100bn from hydrogen exports by 2050
Gulf energy exporters could provide 30 per cent of hydrogen demand in Europe and East Asia by 2050
Apicorp adopts new green bond framework to finance energy transition
The lender recently allocated $1bn to green projects in line with its new ESG guidelines
Adnoc increases size of drilling IPO to 11% amid strong demand
The company will continue to maintain its majority 84% stake in its drilling unit
Oil prices influenced by 'transition premium', Opec chief says
Fossil fuels will remain the dominant energy source through 2045, says Mohammed Barkindo
