Developing Asia FDI reaches $644 billion in 2025
Developing Asia attracted $644 billion in foreign direct investment in 2025, up from $623 billion a year earlier, United Nations Trade and Development said in...
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 plc announced a net income of $1.27 billion for the first quarter of 2025, representing a 7% increase compared to the same period...
Global energy tech market to hit $2.1 trillion by 2035
The global market for five key energy technologies electric vehicles, electrolysers, heat pumps, solar photovoltaic systems, and wind turbines is projected to surge to approximately...
IRENA urges faster renewable growth to meet 2030 energy goals
Record-breaking annual growth in renewable power capacity in 2024 has been confirmed by the International Renewable Energy Agency (IRENA) in its latest Renewable Capacity Statistics...
Global energy demand growth 2024 triggers gas demand spike
Global energy demand increased sharply in 2024, rising by 2.2% and nearly doubling its average annual growth rate of the previous decade, according to the...
IEA forecasts rapid growth in global power consumption through 2027
Global electricity demand is projected to grow at its fastest rate in recent years, increasing by nearly 4% annually through 2027, according to a new...
OPEC Fund co-finances Africa’s largest onshore wind power project
The OPEC Fund for International Development (OPEC Fund) has announced its contribution of $30 million to co-finance Africa’s largest onshore wind power project. This initiative...
BP announces 4,700 job cuts amid cost-saving measures
BP, one of the world’s leading energy companies, announced on Thursday a significant workforce reduction as part of a broader cost-saving initiative. The British oil...