Shell profits drop 16% but maintains strong shareholder returns
British energy giant Shell reported a 16% drop in full-year profit for 2024, citing weaker oil and gas prices, lower refining margins, and reduced demand....
Tag : energy sector
Modon and ADNOC Gas register AED2.66 billion in ADX trades
MENA Newswire News Desk: The Abu Dhabi Securities Exchange (ADX) executed 15 large direct transactions today, involving shares from ADNOC Gas Plc and Modon Holding...
Borouge opens offices in Kenya, South Korea
Leading petrochemical company, Borouge, known for its innovative polyolefin solutions, has announced the opening of new offices in Kenya and South Korea. This strategic move...
Egypt targets $5 billion in state IPOs by mid-2024
In an ambitious bid to boost its financial standing, the Egyptian government is poised to secure $5 billion through the initial public offerings (IPOs) of...
India’s burgeoning trade with Latin America nears $50 billion
In a recent address to the diplomatic corps and students in the Dominican Republic, External Affairs Minister S Jaishankar underscored the burgeoning relationship between India...
Japan provides $110 million soft loan to support the energy sector in Jordan
The Jordanian Ministry of Planning and International Cooperation signed a Memorandum of Understanding (MoU) for a 15 billion JPY ($110 million) soft loan provided by...