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IEA slashes oil demand forecast as new lockdowns temper recovery

Bloomberg The International Energy Agency (IEA) lowered forecasts for global oil demand as renewed lockdowns to contain the pandemic temper the recovery expected this year. “The global vaccine roll-out is putting fundamentals on a stronger trajectory for the year, with both supply and demand shifting back into growth,” the agency said in a monthly report. “But it will take more ...

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Economy of future is green economy: DoE chairman

ABU DHABI / WAM Addressing climate change is the key to a healthy recovery and to building a sustainable future because the economy of the future is a green economy and the society of the future is a green society, said Awaidha Murshed Al Marar, Chairman of the Abu Dhabi Department of Energy (DoE) in his keynote address at the ...

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Mansour bin Zayed chairs EIA’s board meeting

Abu Dhabi / WAM HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, chaired the regular meeting of the Board of Directors of the Emirates Investment Authority (EIA) held here at Qasr Al Watan. During the meeting, Sheikh Mansour highlighted the authority’s key role in determining and coordinating the federal government’s fund investment policy, ...

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