ABU DHABI / WAM The GCC is rapidly adopting renewable energy generation to meet the power demand, lower carbon emissions and reduce costs, with the International Renewable Energy Agency (Irena), predicting that if the GCC realises its renewable energy plans, the region is set to create cumulative cost savings of $76 billion by 2030. GCC’s installed power capacity grew four-fold …

Bloomberg China is reviewing locations in the US where President Xi Jinping would be willing to meet with Donald Trump to sign the first phase of a trade deal between the world’s two largest economies, people familiar with the plans said. Officials in Beijing had hoped that if president Xi travelled to the US to sign stage one of the …

Bloomberg India pulled out of a trade pact covering much of Asia, paving the way for 15 other countries to sign the China-backed regional trade deal next year. India conveyed its decision to exit the Regional Comprehensive Economic Partnership (RCEP), foreign ministry official Vijay Thakur Singh told reporters in Bangkok on Monday. Prime Minister Narendra Modi highlighted that he was …