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Aqdar World Summit from Nov 26-28

ABU DHABI / Emirates Business Abu Dhabi is set to host the second edition of Aqdar World Summit this month from November 26-28 at the Abu Dhabi National Exhibition Centre (Adnec). Aqdar World Summit held under the motto “Nourishing Mind, Flourishing Nations” presents an international platform that discusses topics of great importance to human empowerment and sustainable development. Aqdar World ...

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Saudi sees need for major oil supply cut as fears of glut grow

Bloomberg Saudi Arabia said OPEC and its allies should reverse about half the increase in oil output they made earlier this year as fears of shortages are supplanted by concerns about oversupply and collapsing prices. Producers need to cut about 1 million barrels a day from October production levels, Saudi Arabia’s Energy Minister Khalid Al-Falih said in Abu Dhabi on ...

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South Africa defends use of coal as it seeks progress on climate

Bloomberg South Africa’s deputy energy minister expects the latest round of climate talks will make global markets cleaner starting next year and defended her nation’s coal use as a way to reduce poverty. “With the Germans, they can say ‘We’re moving from driving a Corolla to a BMW,’ while we are still trying to get the bicycle,” said Thembisile Majola, ...

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