Developing Asia FDI reaches $644 billion in 2025
GENEVA / RankWire.AI / – Developing Asia attracted $644 billion in foreign direct investment in 2025, up from $623 billion a year earlier, United Nations...
Tag : energy transition
ADB unveils fund to speed ASEAN power grid plans
MANILA: The Asian Development Bank has launched a new multi-partner trust fund with about $25 million in initial backing to accelerate preparation of cross-border energy and...
China electric cars reshape fuel demand and Venezuela oil flows
BEIJING: China’s rapid shift to electric vehicles is reshaping the world’s largest auto market and dulling growth in the transport fuel demand that once underpinned its appetite...
ADNOC Gas sees Q1 net income rise by 7 percent
ADNOC Gas reports $1.27B Q1 2025 net income, driven by UAE demand and plant uptime, while targeting long-term EBITDA growth....
Global energy tech market to hit $2.1 trillion by 2035
The global market for key energy technologies is projected to reach $2.1 trillion by 2035, led by electric vehicles and renewables....
IRENA urges faster renewable growth to meet 2030 energy goals
Global renewable capacity surged to 4,448 GW in 2024, with solar and wind leading 96.6% of additions, says IRENA....
Global energy demand growth 2024 triggers gas demand spike
Global energy demand growth 2024 jumped to 2.2%, led by soaring electricity use and record renewable energy deployment....
IEA forecasts rapid growth in global power consumption through 2027
Global electricity demand is projected to rise nearly 4% annually through 2027, driven by industrial expansion, transport electrification, and rapid data center growth....
OPEC Fund co-finances Africa’s largest onshore wind power project
The OPEC Fund has committed $30M to co-finance Africa’s largest onshore wind power project in Egypt’s Gulf of Suez, expected to power 1M homes and...
BP announces 4,700 job cuts amid cost-saving measures
BP announced plans to cut 4,700 jobs and 3,000 contractor roles in 2025 as part of a strategy to save $2 billion by 2026, citing...