ABU DHABI / WAM Adnoc and Fertiglobe, the strategic partnership between Adnoc and OCI Global, on Tuesday announced the pilot deployment of the world’s first cost-effective modular CycloneCC carbon capture unit at Fertiglobe’s 100 percent owned nitrogen fertiliser plant in the Al Ruwais Industrial Complex, Abu Dhabi, UAE. The CycloneCC technology, which has been developed by Carbon Clean, is designed …

ABU DHABI / WAM The COP28 Presidency, in collaboration with the SME Climate Hub and We Mean Business Coalition, has launched a dedicated programme to help small and medium-sized enterprises (SMEs) in the Middle East and North Africa implement net-zero strategies. COP28 & SME Climate Hub for Mena was developed to elevate the role of SMEs and non-state actors in …

BLOOMBERG Chinese stocks listed in Hong Kong slumped as trading resumed after a holiday, hurt by a broad risk-off mood across the region and continued concern about the nation’s economic outlook. The Hang Seng China Enterprises Index slid 3.2%, the most in nearly three months. Support from mainland traders was absent as markets there remain closed for the Golden Week …