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...
UAE and Korea strengthen cooperation in energy and advanced industry
SEOUL, December 19, 2025: The United Arab Emirates and the Republic of Korea have reaffirmed their commitment to strengthening cooperation in energy, industry, and advanced technology...
IRENA sees massive growth in energy technologies
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...
Global renewable capacity hits 4 448 GW in 2024 says IRENA
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...
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...
Germany shifts from electricity exporter to importer in 2024
In 2024, Germany transitioned from being a net exporter to a net importer of electricity, marking a significant shift in its energy landscape. This change...
Azerbaijan to hold first COP29 energy forum for Central Asia
MENA Newswire News Desk: The International Renewable Energy Agency (IRENA), in partnership with the COP29 Presidency and Azerbaijan’s Ministry of Energy, announced today that the...