Stock markets in the United Arab Emirates closed higher on Friday on rising oil prices and after the Federal Reserve indicated earlier in the week it is likely to cut borrowing costs next year. Oil prices, a major driver for Gulf economies, were on track to notch up their first weekly rise in two months after a...
The European Union and 17 countries are set to issue a statement on Friday warning against an increased reliance on carbon capture technology in the fight against climate change, according to reporting from Reuters. “Abatement technologies must not be used to green-light continued fossil fuel expansion,” the statement reads, according to the reporting. Carbon capture and...