Browsing: mena newswire

The EU Commission commits €4.6 billion for cleantech projects, focusing on renewable hydrogen and EV batteries through the Innovation Fund, using revenues from its Emissions Trading System.

Formula 1 teams arrive in Abu Dhabi as the 2024 season concludes with a high-stakes finale at Yas Marina Circuit, promising record-breaking crowds and dramatic championship battles.

Adnoc Gas has awarded Worley the FEED contract for Bab Gas Cap facilities, aiming to increase UAE’s gas processing capacity by 20% and drive progress towards gas self-sufficiency.

Russian scientists at NCPM are developing a hybrid photonic computer, promising speeds 1,000 times faster with AI-driven light processing, redefining energy-efficient computing.

Wizz Air Abu Dhabi has announced flights to Varna, Bulgaria, starting March 2025. The three weekly flights offer low fares and connect travelers with a unique destination.

Masdar acquires 70% of TERNA ENERGY in a €3.2 billion deal, the largest on the Athens Stock Exchange, boosting Europe’s clean energy leadership.

Ursula von der Leyen secured a second term as EU Commission president with a narrow vote, emphasizing defense, green energy, and migration, signaling a conservative shift in EU leadership.

Wage inequality has declined in two-thirds of nations since 2000, with significant progress in low-income countries, but high disparities and uneven regional wage growth persist, according to the ILO report.

U.S. Treasury yields dropped as markets await key inflation data from the Fed. PCE inflation is expected to guide future monetary policy and determine December rate cuts.

U.S. airports handle record Thanksgiving crowds with minimal delays, though Arctic weather and snowstorms could disrupt travel as millions hit the roads and skies this holiday week.