Microsoft invested $1.5bn in G42 earlier this year, giving the US company a minority stake and a board seat
AIM for Climate had secured $17bn in funding at last year’s COP28 and $8bn at COP27
Trump made tariffs and tax cuts key elements of his pitch to voters, many of whom said the economy was the biggest issue of the election
The results are affecting assets globally and determining the outlook for US debt, the strength of the dollar and a host of industries
The move toward EVs has accelerated in recent years and is seen as a key way to help countries achieve climate goals
The IMF’s latest report showed global public debt will reach 93 per cent of global gross domestic product by the end of 2024
During the meeting, UAE President Sheikh Mohamed bin Zayed Al Nahyan highlighted the long-standing ties between the UAE and the US
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with US Commerce Secretary Gina Raimondo to discuss expanding bilateral collaboration.
The two leaders reviewed various aspects of the longstanding bilateral ties, particularly in the fields of trade and investment, the economy, advanced technology and renewable energy
The ongoing conflict in Gaza has increased Washington’s dependence on Egypt for diplomatic mediation
In a boost to the Democratic Party’s campaign, Taylor Swift backed Kamala Harris for the US President
The production facility aims to produce up to 1 billion cubic feet per day of low-carbon hydrogen, with around 98 per cent of carbon dioxide removed
The Biden administration briefed Congress on the decision with reports indicating that weapons sales could resume as early as this month
France, Italy, Australia and Canada have joined the US and the UK, in issuing evacuation orders for their citizens in Lebanon
The US, UK and France are among countries who have issued an urgent travel advisory asking their citizens to avoid travel to Lebanon
Aramco and Sempra expect to execute binding LNG and definitive equity agreements with terms substantially equivalent to those in the heads of agreement
The state-owned energy firm seeks to strengthen its position in the global LNG market, which is set to grow globally by 50 per cent by 2030
Microsoft executives said the company welcomes a debate on a new legal framework governing the transfer of AI technology
The UAE, led by government-backed firm G42, is pushing to burnish its AI framework as it diversifies away from oil
The 11.7 per cent equity stake in Phase 1 of Rio Grande LNG marks ADNOC’s first strategic investment in the US and complements its efforts to expand its lower-carbon LNG portfolio
ADNOC has been stepping up its global expansion in recent years, including building trading operations since 2018
The visit is a continuation of long-standing engagement between the US and this region
The approval comes as Mubadala agreed to let Fortress commit to keeping technology and data in the US
Oil inventories and prices close to the long-term average imply ministers are likely to decide to keep output unchanged, based on their behaviour in the past
Blinken is expected to meet with senior Saudi leaders and hold a wider meeting with counterparts from five Arab states – Qatar, Egypt, Saudi Arabia, the UAE and Jordan
The addition of the A380 service demonstrates Etihad’s strategy to meet the burgeoning demand and expand its network in the US
Yemen’s Houthis have staged attacks on shipping in the Red Sea region for months in solidarity with Palestinians in Gaza
Investors will look to economic data and monetary policy for potential clues on the outlook for oil demand
The nonbinding resolution, proposed by the US and co-sponsored by China and over 120 other nations, advocates the strengthening of privacy policies
Masdar’s extensive experience in funding, developing, and operating clean energy projects worldwide will support Terra-Gen’s expansion efforts