Browsing: Business

The World Economic Forum launched a platform to boost clean energy investment with 100 solutions from 47 countries, aiming to unlock $1.7 trillion in finance for emerging markets.

MENA Newswire News Desk: A new report by the International Energy Agency (IEA) reveals a surge in low-emissions hydrogen projects, driven by increasing investment…

The EU imported 2.7 million tonnes of coffee from non-EU countries in 2023, valued at €10.6 billion, with Brazil and Vietnam supplying 58% of total imports, according to Eurostat.

Federal Reserve Chair Jerome Powell emphasized a cautious approach to future rate cuts, noting that the Fed will act based on economic conditions, inflation trends, and the job market.

Britain’s last coal-fired power plant, Ratcliffe-on-Soar, closed on Monday, ending over 140 years of coal-powered electricity and marking a key step toward renewable energy.

The Republic of Korea and the UK have launched a high-level dialogue platform to enhance economic and financial cooperation, focusing on supply chains, security, and climate change issues.

OPEC Fund partners with Evocabank to provide a $10 million loan aimed at empowering Armenian MSMEs, with a focus on climate action and women-led enterprises.

Russia remains a major energy player despite global challenges, with over 90% of its energy exports going to friendly countries, Putin declared at the Russian Energy Week forum.

The Swiss National Bank reduced its interest rate by 25 basis points to 1.00%, marking the third such move in 2024, in response to global market trends and economic pressures.

Gold hits a record high at USD 2,607/oz, reflecting over 25% gains YTD, driven by geopolitical tensions, USD diversification, and macroeconomic uncertainty.