BP has struck a deal with the UAE’s state-owned oil company as the British energy giant deepens ties to the Middle East. BP is to form a joint venture with the Abu Dhabi National Oil Company (Adnoc) focused on production from two massive Egyptian gas fields. Under the deal, BP will transfer interests in three...
National security concerns focus on arm of Vodafone that provides sensitive tech to government departments and agencies. Vodafone should be forced to spin off its most sensitive activities in order to quash national security concerns raised by a United Arab Emirates-backed telecoms group swooping on its shares, government officials have told the Guardian. The deputy...
Dubai’s property boom in the years following the Covid-19 pandemic has been one of the fastest in the world, fueled by investor-friendly reforms and a surge in expat demand, particularly from Russia in the wake of the start of Moscow’s full-scale war with Ukraine. Some of Dubai’s luxury developments cater specifically to Russian buyers, with...
Abu Dhabi National Oil Co. and Austria’s OMV AG are putting the final touches on a deal to create a petrochemical firm worth more than €30 billion ($32 billion), according to people with knowledge of the matter. Officials may reach a breakthrough as soon as mid-November, when the two sides will meet to discuss details...
ADNOC made the final investment decision ( FID ) on the project for the development of two gas fields on the UAE shelf – Hail and Ghasha. Deposits are part of the Abu Dhabi Ghasha concession, in which more than 1.5 billion cubic meters are planned to be mined by the end of the decade....
NEW YORK – As we move from UN Climate Week to COP28 in Dubai later this year, we must stop the “greenwishing” and “greenwashing” and start thinking about the instruments that will enable the private sector and private investors to channel more capital toward climate resilience and sustainable development. While the public sector has an...
Fossil fuel demand must fall by a quarter by the end of this decade if governments want to limit the rise in global warming to 1.5C since the pre-industrial period, the International Energy Agency has concluded. Coal, oil and natural gas will all need to be replaced by clean energy at a rapid rate to...
![Study finds possibilities to reduce pollution from major industry: ‘This [is] an area for immediate action’](https://earthactiongloballeague.com/wp-content/uploads/2023/09/Screenshot-440.png "Screenshot (440)")
The construction industry is one of the biggest global polluters — accounting for a possible 40 percent of global carbon pollution — so finding solutions to make practices more sustainable is crucial in the fight to stop temperatures rising worldwide. Positive findings in a study published in the journal One Earth, summarized by EurekaAlert, have revealed that it is...
The UAE’s biggest oil producer is pushing to build its fledgling trading operations into a multibillion-dollar business this decade by bolstering its presence in Europe and Africa, and expanding in other forms of energy. In a bid to catch up with long-established rivals, Abu Dhabi National Oil Co. wants to take advantage of the hole...
As the annual COP climate summit approaches in Dubai next month, one prominent figure conspicuously absent from past conferences may decide to attend COP28 – Russian President Vladimir Putin. However, there are good reasons why the ICC suspect feels comfortable enough to potentially skirt international justice and visit the UAE. Some context – in March,...