Browsing: Business

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.

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’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.

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…

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.

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.

The EU imported 2.7 million tonnes of coffee from non-EU countries in 2023, valued at €10.6 billion, with Brazil and Vietnam supplying 58% of total imports, according to Eurostat.

Federal Reserve Chair Jerome Powell emphasized a cautious approach to future rate cuts, noting that the Fed will act based on economic conditions, inflation trends, and the job market.

Global rice prices dropped after India resumed non-basmati white rice exports, easing supply concerns for importers in Asia and Africa and stabilizing the market.

Britain’s last coal-fired power plant, Ratcliffe-on-Soar, closed on Monday, ending over 140 years of coal-powered electricity and marking a key step toward renewable energy.